Requirement Overview
For applicants with the profile of a company owner (digital_nomad_company_owner), submitting the company's annual accounts is a fundamental requirement to prove the legitimacy and continuity of the foreign employer or client.
Legal Context
Under Ley 28/2022 (the Startup Law), applicants must demonstrate that their work is performed for companies located outside of Spain. The annual accounts serve to verify that the entity has been active for at least the minimum period required for the professional relationship (which must be at least 3 months old per Official Source #1).
Documents to Satisfy the Requirement
Evidence must show the company is legally incorporated and financially active. Typical documents include:
- Official Annual Accounts: Filed with the relevant mercantile registry in the company's country of origin.
- Certificate of Incorporation: To verify the date of founding.
- Tax Returns: Recent filings that reflect the company's continuous business activity.
Legalization and Translation
According to general Spanish administrative procedures for foreign documents:
- Apostille: Documents issued by foreign authorities must typically be apostilled (Hague Convention) to be recognized in Spain.
- Sworn Translation: Any document not in Spanish must be accompanied by a sworn translation (traducción jurada) by a translator authorized by the Spanish Ministry of Foreign Affairs.
Common Pitfalls
- Company Age: Not meeting the 3-month minimum professional relationship requirement established by the Ministry of Foreign Affairs.
- Information Mismatch: Discrepancies between the income stated in the annual accounts and the professional experience or university degree provided by the owner.
- Incomplete Filings: Submitting internal spreadsheets instead of official, registry-stamped documents.