Spain

Spain

Situated in Southwestern Europe, Spain is regarded as one of the world’s most popular holiday destinations. It is a vibrant country admired for its majestic landscapes and excellent quality of life and a nation with a rich history and unique culture and traditions. Spain has one of the most important economies in Europe. It is also a full member of the EU and the Eurozone.

The Spain Residence by Investment Program:

Spain is one of the most desirable destinations worldwide and is a highly sought-after location for investors. The country attracts millions of visitors every year with its amazing nature, beautiful beaches, diverse culture, and rich history.

For those who wish to reside in this lively country, the Spain Residence by Investment Program is the most efficient way to acquire such status. The Spanish government has allowed for a substantial number of visas for individuals who wish to make a significant, qualified investment into the country that would boost the economy through foreign direct investment.

Under this program, individuals and their immediate family members can become permanent residents of Spain within less than a month.

The Spain Residence by Investment Program is ranked an incredible  5th out of 24 programs on the Global Residence Programs Index.

Benefits of the Spain Residence by Investment Program:

  • High quality of life.
  • Ability to include a spouse or unmarried partner, financially dependent children of any age (adult children must be full-time students), and financially dependent parents of the main applicant and/or their spouse who are 65 years and older.
  • Access to the public healthcare and education systems in the country.
  • A vibrant EU country that has majestic landscapes.
  • The possibility to apply for Spanish citizenship after two years of effective residence for Sephardi Jews and citizens of Equatorial Guinea, Latin America, and the Philippines, and 10 years for other nationals.
  • Excellent schools, with tuition available in English, French, German, Italian, Japanese, and Mandarin.

Requirements of Spanish residence by investment:

The Spain Residence by Investment Program requires that a foreign individual invests in either a real estate project, a business project, company shares or bank deposits, or government bonds.

Applicants are required to fulfill one of the following investment options in the country:

1. The acquisition of real estate with a minimum value of EUR 500,000 (one or several properties).

2. The creation of a business project to be developed in Spain is duly recognized as being of ‘general interest’.

3. Company shares or bank deposits with a minimum value of EUR 1 million in Spanish financial institutions.

4. A government bonds investment with a minimum value of EUR 2 million.

Documentary evidence of the investment must be provided as part of the application process.

Procedures and time frame of the Spain Residence by Investment Program:

Applications to the program must be made through the prescribed forms and must be accompanied by the appropriate fees and supporting documents.

Residence permits are usually issued after some time consideration period and have an initial duration of two years, renewable for five years upon request, provided that a minimum investment in Spain is maintained by the applicant.

The application process comprises two stages:

1. In the first phase, applicants apply in their home country for a Spanish residence visa that allows them to reside and work in Spain for one year.

2. In the second phase, applicants apply for a Spanish residence permit. If they have come to Spain on an ordinary tourist visa, they may apply for the residence permit directly, thus omitting the first phase.

The residence permit applies to the main investor, spouse, or partner (including unmarried or same-sex unions), and all economically dependent descendants.

There is no minimum stay requirement to maintain residence status but obtaining the first residence permit requires a visit to Spain.

Non-Lucrative Residency Program Requirements:

  • The applicant has the financial resources to live in Spain without needing to work.
  • The applicant does not have any criminal record.
  • The applicant does not present a danger to the health of the general public.
  • The applicant has medical insurance in Spain and appropriate accommodation.

Documents:

  • The main documents are the proof of financial funds, proof of health care coverage in Spain, proof of address in Spain, criminal records, and medical tests.

Non-Lucrative Residency Program Requirements:

  • The applicant has the financial resources to live in Spain without needing to work.
  • The applicant does not have any criminal record.
  • The applicant does not present a danger to the health of the public.
  • The applicant has medical insurance in Spain and appropriate accommodation.

Documents:

The main documents are the proof of financial funds, proof of health care coverage in Spain, proof of address in Spain, criminal records, and medical tests.