diff --git a/spec/factories.rb b/spec/factories.rb
index e69a5b8a1..32670b63f 100644
--- a/spec/factories.rb
+++ b/spec/factories.rb
@@ -404,6 +404,11 @@ FactoryBot.define do
     reason "unfeasible"
   end
 
+  factory :budget_investment_status, class: 'Budget::Investment::Status' do
+    sequence(:name)        { |n| "Budget investment status #{n} name" }
+    sequence(:description) { |n| "Budget investment status #{n} description" }
+  end
+
   factory :budget_investment_milestone, class: 'Budget::Investment::Milestone' do
     association :investment, factory: :budget_investment
     sequence(:title)     { |n| "Budget investment milestone #{n} title" }
diff --git a/spec/features/admin/budget_investment_statuses_spec.rb b/spec/features/admin/budget_investment_statuses_spec.rb
new file mode 100644
index 000000000..196dc2eee
--- /dev/null
+++ b/spec/features/admin/budget_investment_statuses_spec.rb
@@ -0,0 +1,95 @@
+require 'rails_helper'
+
+feature 'Admin budget investment statuses' do
+
+  background do
+    admin = create(:administrator)
+    login_as(admin.user)
+  end
+
+  context "Index" do
+    scenario 'Displaying only not hidden statuses' do
+      status1 = create(:budget_investment_status)
+      status2 = create(:budget_investment_status)
+
+      status1.destroy
+
+      visit admin_budget_investment_statuses_path
+
+      expect(page).not_to have_content status1.name
+      expect(page).not_to have_content status1.description
+
+      expect(page).to have_content status2.name
+      expect(page).to have_content status2.description
+    end
+
+    scenario 'Displaying no statuses text' do
+      visit admin_budget_investment_statuses_path
+
+      expect(page).to have_content("There are no investment statuses created")
+    end
+  end
+
+  context "New" do
+    scenario "Create status" do
+      visit admin_budget_investment_statuses_path
+
+      click_link 'Create new investment status'
+
+      fill_in 'budget_investment_status_name', with: 'New status name'
+      fill_in 'budget_investment_status_description', with: 'This status description'
+      click_button 'Create Investment status'
+
+      expect(page).to have_content 'New status name'
+      expect(page).to have_content 'This status description'
+    end
+
+    scenario "Show validation errors in status form" do
+      visit admin_budget_investment_statuses_path
+
+      click_link 'Create new investment status'
+
+      fill_in 'budget_investment_status_description', with: 'This status description'
+      click_button 'Create Investment status'
+
+      within "#new_budget_investment_status" do
+        expect(page).to have_content "can't be blank", count: 1
+      end
+    end
+  end
+
+  context "Edit" do
+    scenario "Change name and description" do
+      status = create(:budget_investment_status)
+
+      visit admin_budget_investment_statuses_path
+
+      within("#budget_investment_status_#{status.id}") do
+        click_link "Edit"
+      end
+
+      fill_in 'budget_investment_status_name', with: 'Other status name'
+      fill_in 'budget_investment_status_description', with: 'Other status description'
+      click_button 'Update Investment status'
+
+      expect(page).to have_content 'Other status name'
+      expect(page).to have_content 'Other status description'
+    end
+  end
+
+  context "Delete" do
+    scenario "Hides status" do
+      status = create(:budget_investment_status)
+
+      visit admin_budget_investment_statuses_path
+
+      within("#budget_investment_status_#{status.id}") do
+        click_link "Delete"
+      end
+
+      expect(page).not_to have_content status.name
+      expect(page).not_to have_content status.description
+    end
+  end
+
+end
diff --git a/spec/models/budget/investment/status_spec.rb b/spec/models/budget/investment/status_spec.rb
new file mode 100644
index 000000000..36d472a76
--- /dev/null
+++ b/spec/models/budget/investment/status_spec.rb
@@ -0,0 +1,17 @@
+require 'rails_helper'
+
+describe Budget::Investment::Status do
+
+  describe "Validations" do
+    let(:status) { build(:budget_investment_status) }
+
+    it "is valid" do
+      expect(status).to be_valid
+    end
+
+    it "is not valid without a name" do
+      status.name = nil
+      expect(status).not_to be_valid
+    end
+  end
+end