Taking Advantage of New Law, Tech Entrepreneurs Are Flocking to Spain

A new Spanish law encouraging foreign investment allows entrepreneurs to obtain an extended-stay visa.

Nick Leiber writes in The New York Times about a new law in Spain that allows foreign investors and skilled individuals to apply for an extended visa. Stacia Carr, a Silicon Valley tech entrepreneur, took advantage of the new policy and moved to Madrid late last year. There, with help from a Spanish national, she incorporated a venture called Vidnex that offers teachers an online platform for creating classes and reaching students worldwide.


Here's how Leiber explains the new law:

"The new law, known as the Ley de Emprendedores, is Spain’s latest effort to help domestic businesses and make the country more attractive to wealthy and talented people outside the European Union who want to start businesses, invest or work in the country. Billed by the government as reforms that would help create jobs at a time of high unemployment, the legislation created five visa categories, covering investors who buy at least 500,000 euros (about $625,000) of real estate; entrepreneurs who plan to establish businesses; highly skilled professionals; researchers, scientists and teachers; and employees and trainees. Once approved, recipients are allowed to move freely through most European Union countries."

Big Think expert Vivek Wadhwa is quoted in the Times article, hoisting criticism at the U.S. government for not enacting a similar policy:

“We don’t have a start-up visa,” [Wadhwa] said. “We’re forcing people to leave this country and go to other countries.”

Read more at New York Times

Photo credit: xtock / Shutterstock

Compelling speakers do these 4 things every single time

The ability to speak clearly, succinctly, and powerfully is easier than you think

Former U.S. President Barack Obama speaks during a Democratic Congressional Campaign Committee rally at the Anaheim Convention Center on September 8, 2018 in Anaheim, California. (Photo by Barbara Davidson/Getty Images)
Personal Growth

The ability to communicate effectively can make or break a person's assessment of your intelligence, competence, and authenticity.

Keep reading Show less

Antimicrobial resistance is a growing threat to good health and well-being

Antimicrobial resistance is growing worldwide, rendering many "work horse" medicines ineffective. Without intervention, drug-resistant pathogens could lead to millions of deaths by 2050. Thankfully, companies like Pfizer are taking action.

Image courtesy of Pfizer.
Sponsored
  • Antimicrobial-resistant pathogens are one of the largest threats to global health today.
  • As we get older, our immune systems age, increasing our risk of life threatening infections. Without reliable antibiotics, life expectancy could decline for the first time in modern history.
  • If antibiotics become ineffective, common infections could result in hospitalization or even death. Life-saving interventions like cancer treatments and organ transplantation would become more difficult, more often resulting in death. Routine procedures would become hard to perform.
  • Without intervention, resistant pathogens could result in 10 million annual deaths by 2050.
  • By taking a multi-faceted approach—inclusive of adherence to good stewardship, surveillance and responsible manufacturing practices, as well as an emphasis on prevention and treatment—companies like Pfizer are fighting to help curb the spread.
Keep reading Show less

Preserving truth: How to confront and correct fake news

Journalism got a big wake up call in 2016. Can we be optimistic about the future of media?

Videos
  • "[T]o have a democracy that thrives and actually that manages to stay alive at all, you need regular citizens being able to get good, solid information," says Craig Newmark.
  • The only constructive way to deal with fake news? Support trustworthy media. In 2018, Newmark was announced as a major donor of two new media organizations, The City, which will report on New York City-area stories which may have otherwise gone unreported, and The Markup, which will report on technology.
  • Greater transparency of fact-checking within media organizations could help confront and correct fake news. Organizations already exist to make media more trustworthy — are we using them? There's The Trust Project, International Fact-Checkers Network, and Tech & Check.
Keep reading Show less