– A member of the European Union and Schengen.
– Fast track for foreign investors from non-EU countries to obtain a fully valid residency permit in Spain (“Golden Visa”)
– Non-EU citizens simply need to carry out one of the investments to qualify to obtain a residency permit.
– This residency permit allows the investor and dependents to enter, live and work in Spain.
– Also allows the investor to travel freely within the vast majority of European countries. (Schengen area)
– The Spanish property market offers considerable potential for capital gains in the coming years.
– No residency requirement.
– Children under 18 years and dependent parents can be included.
– Eligible for Permanent Residency after 5 years of actual residence.
– Eligible to apply for Citizenship after 10 years of actual residence.
– Aged 18 years or older.
– Be in excellent health.
– Be a Non-European Union citizen.
– Must not have a criminal record.
– Must not have been resident in Spain illegally.
– Must have private healthcare.
– Must have sufficient funds to live in Spain. (without including any working income)
– Must purchase qualifying property prior to application.
– Minimum investment of €500,000 in property.
– Purchase one or multiple properties.
– Mixture of residential or commercial allowed.
– Joint buyers can combine investments into one property. (min €500,000 each)
– At least €500,000 of the investment must be from the investors own funds. (free of all charges e.g. mortgage)
– The investment can be made through a majority owned company.
– Visit Spain to select property and complete legal documentation process.
– Police will confirm within 1 week if there are any objections to the application.
– Complete property purchase.
– Application can be made in Spain or at a Spanish Consulate.
– Application processed within 20 days.
– Initial visa provided for 1 year.
– Visa can be renewed every two years thereafter providing the investment conditions are maintained.
– The applicant can apply for permanent residence, subject to the applicant having lived in Spain for a minimum of 5 years.
– The applicant can apply for citizenship, subject to the applicant having lived in Spain for a minimum of 10 years, being able to speak Spanish and having a close connection to Spain.
– Applicants from former Spanish colonies, the Philippines, Andorra, and Portugal, and descendants of Sephardic Jews can apply for citizenship after 2 years of continuous residence in Spain.