Spain
Residence permit, Visa, Citizenship
Advantages of the "Golden Visa"
- No need to reside in the country: no requirement to become a tax resident
- Processing in just 2-3 months
- Investment properties can be rented out
- Eligibility for European citizenship after 10 years
- Visa-free travel within the Schengen zone
- The opportunity to work and conduct business in Spain
- Residency for the whole family, including minor children and the applicant's - parents
- Education for children in Spanish educational institutions.
- Medical services in Spanish clinics
- Return on investment (requires living in Spain for five years and obtaining permanent residency status)
Conditions of the program
- Purchase real estate in Spain valued at a minimum of €500,000 and maintain ownership for at least five years before selling
- The minimum investment must come from the applicant's personal funds without using a loan and excluding additional transaction costs
- The applicant must have no outstanding criminal record in Spain or any other country of residence
Who can get a residence permit in Spain
- An investor who has legally earned money to invest outside of Spain
- The spouse of the investor. Both officially registered and civil marriages are quoted, including same-sex marriages
- the parents of the investor or the parents of the spouse who are financially dependent on them
- Children under 18
- Children from 18 years old. Conditions: financially dependent on the investor or under his tutelage. Do not have children of their own, not married
Requirements for investor:
- Age over 18 years
- No criminal record
- No outstanding debts in Spain
- Presence of medical insurance
- Make investments in the Spanish economy and maintain them for five years
- Confirmation of the legality of the funding sources.
- Absence of visa violations and entry restrictions into the EU
- Confirmation of financial stability (minimum requirements: 26,500 euros in the investor's account and 6,600 euros per each family member annually, if an application for residency is also submitted for family members)
Additional expenses for the investor
- Government fees: €70 per applicant
- Property purchase costs: approximately 10-15%
Legal expenses: €1,000 - €15,000 for the main applicant (depending on the rates of the law firm)
Other investment options
Apart from purchasing real estate, investors in Spain have the following options:
- Place €1 million in a five-year deposit in a Spanish bank
- Present a business project that contributes to job creation, economic development in Spain, or innovation
- Invest at least €1 million in shares of Spanish companies for a five-year period
- Invest €2 million in Spanish government bonds with a five-year maturity
Permanent residence in Spain
To obtain a permanent residence permit in Spain, you must continuously live in the country for at least 5 years with the status of a residence permit.
At the same time, during this period it is impossible to leave Spain for more than 10 months. It is not recommended to leave the country often and leave for more than 3 months.
When applying for permanent residence, it is required to prove financial solvency, the availability of housing in Spain and medical insurance.
The decision is influenced by such factors as the investor's law-abidingness, the degree of his integration into Spanish society and whether he has paid all taxes on time.
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