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Spain
Residency by Investment

Spain, located in Southwestern Europe, is recognised as a highly sought-after tourist destination worldwide. With breathtaking scenery and a high standard of living, it is a dynamic country renowned for its distinctive culture and traditions. Spain boasts a robust economy, ranking among the most significant in Europe.

An Introduction to Spain

Spain is a popular destination for travellers and residents alike, offering a high quality of life and unrestricted travel throughout Europe. Its diverse landscape ranges from beaches to mountains, and its vibrant culture is reflected in its music, dance, cuisine, and architecture. The country has a strong legal system that promotes freedom and human rights, including for the LGBTQIA+ community. Spain has a dynamic and rapidly growing economy, with a strong textile and apparel industry, and a favorable tax regime for residents and non-residents alike. Non-residents are taxed only on Spanish-sourced income, and residents by investment are not considered tax residents unless they spend more than 183 days per year in Spain. With its impressive economy, culture, and legal system, Spain is an attractive option for those seeking a high quality of life in Europe.

Residence by Investment Overview

The Spain golden visa program, also known as the residence by investment program, allows foreign nationals to obtain a visa by making a significant investment in the country. The minimum investment required for this program is EUR 500,000, and the processing time for the immigration procedure is approximately 20 days. Successful applicants and their families are granted visa-free access to the European Union’s Schengen Area.
Spain is a highly desirable destination for travel and residence, offering a high quality of life, diverse culture, rich history, beautiful beaches, and majestic landscapes. Under the residence by investment program, individuals and their immediate family members can become residents of Spain within less than a month.
Residents by investment can enjoy a range of benefits, including the ability to include their 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. They also have access to the public healthcare and education systems in the country.
Furthermore, Spain is a vibrant EU country, and residents by investment may apply for Spanish citizenship after five years of continuous residence in Spain, and 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.
The Spain Residence by Investment Program is ranked 8th out of 26 programs on the 2022 Global Residence Program Index. Additionally, Spain has excellent schools, with tuition available in English, French, German, Italian, Japanese, and Mandarin.

Requirements of Spain Residence by Investment

To be eligible for the Spain Residence by Investment Program, foreign individuals must invest in real estate, a business project, company shares or bank deposits, or government bonds. The investment options include acquiring real estate with a minimum value of EUR 500,000, creating a business project recognized as being of ‘general interest,’ investing in company shares or bank deposits with a minimum value of EUR 1 million, or investing in government bonds with a minimum value of EUR 2 million. Documentary evidence of the investment is required as part of the application process.
The application process for the Spain golden visa is a two-stage process. 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. 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. The processing time for the immigration procedure is approximately 20 days.
Residence permits are usually issued after the consideration period, with 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 residence permit applies to the main investor, their 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.
Residents may apply for citizenship in their 10th year of residence in Spain, with dual citizenship restrictions applying to most foreign nationals. However, Sephardi Jews and citizens of Equatorial Guinea, Latin America, and the Philippines can apply for Spanish citizenship after only two years of effective residence in Spain. The Spain Residence by Investment Program also offers high-quality healthcare and education systems, a vibrant EU country with majestic landscapes, and the opportunity to include family members in the application process.

Procedure of the Spain Golden Visa Program

Spain is one of the most sought-after destinations for individuals looking to relocate to Europe. The country offers an excellent quality of life, a rich cultural heritage, and a thriving economy. To attract foreign investment and talent, Spain has launched a program called the Spain Golden Visa Program. The program offers residency in Spain to non-European Union citizens who make a significant investment in the country.
Here is a step-by-step guide to the Spain Golden Visa Program:
Step 1: Choose an Investment Option
The Spain Golden Visa Program offers several investment options, including:
Real Estate Investment: Investing a minimum of €500,000 in Spanish real estate.
Public Debt Investment: Investing a minimum of €2,000,000 in Spanish public debt.

Capital Investment: Investing a minimum of €1,000,000 in Spanish companies or bank deposits.
Business Investment: Investing a minimum of €1,000,000 in a new or existing Spanish company, creating jobs for Spanish citizens.
Step 2: Apply for a Spanish Residency Visa
Once you have chosen your investment option, you can apply for a Spanish residency visa at the Spanish Consulate in your home country. You will need to provide proof of your investment and show that you have sufficient funds to support yourself and any dependents. You will also need to provide a criminal record certificate from your home country.
Step 3: Travel to Spain
Once your visa is approved, you can travel to Spain to complete the investment process. If you have chosen the real estate investment option, you will need to purchase a property worth at least €500,000. If you have chosen the capital investment option, you will need to make a bank deposit or invest in a Spanish company.
Step 4: Obtain a Residence Permit
After completing your investment, you can apply for a residence permit in Spain. The permit is valid for two years and can be renewed for another two years. After five years of residency, you can apply for permanent residency and after ten years of residency, you can apply for Spanish citizenship.
Step 5: Maintain Your Investment
To maintain your Spanish residency, you must maintain your investment for the duration of your residency. If you have chosen the real estate investment option, you must retain ownership of the property. If you have chosen the capital investment option, you must maintain your bank deposit or investment in the Spanish company.
In conclusion, the Spain Golden Visa Program is an excellent opportunity for non-European Union citizens to obtain residency in Spain through investment. By following the above steps, you can easily obtain a Spanish residency permit and enjoy all the benefits of living in this beautiful country

Spain Real Estate

Here is a comprehensive guide to acquiring premium real estate in Spain that is linked to the Spain Residence by Investment Program. To maintain and renew the residence permit, it is necessary to hold the real estate for the minimum required period. The minimum investment for real estate is EUR 500,000, and full ownership is required. Rental income opportunities can yield 3-5% on residential property.
Spain offers a vast and attractive real estate market, with 7,000 km of coastline and 17 autonomous regions, each with their own unique features. Investors can choose from a variety of properties, ncluding a sunny villa by the Mediterranean Sea, a cosy apartment in lively central Madrid, a traditional country house in the green north region, or a hideaway in a Pyrenees ski resort.
Property prices in Spain have started to recover since 2017 after a decade of decline, making it an excellent time to invest in this asset class. With low interest rates in Europe and economic recovery in Spain, price increases are expected in the coming years. Rental income opportunities are also an advantage in Spain, thanks to short-term tourist leases and the increasing tendency of locals towards rental housing. Governments have introduced incentives to encourage rental housing, and the population increasingly favors this more flexible option.
When acquiring property in Spain, there are some fees to keep in mind. The regional property transfer tax depends on the location of the property and ranges from 6% to 10% of the property value. The legal fee for drafting the purchase deed is approximately EUR 2,000, and the notary public fee is also around EUR 2,000. Additionally, the property registry fee for registering the buyer as the new owner is approximately EUR 1,000.

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