SPAIN
SPAIN RESIDENCY BY INVESTMENT
The Spain Golden Visa Program encourages investors outside the EU to invest in real estate, job creation and public debts. Under the program, investors and their families are eligible to obtain temporary residency in a matter of months through minimum property investments of €500,000. Other investment options are also available including business, government bonds or bank deposit. The legislation has no minimum period of residence; an initial residence card is granted for 2 years, which is then renewable every 5 years. The Spain Golden Visa Program is a true gateway to Europe, expanding your visa-free travel mobility within the Schengen Zone. This program allows the investor to consider residency acquisition as their first step towards permanent residency and citizenship acquisition if required. Further residency requirements will need to be met; after 5 years permanent residency can be obtained, and citizenship after 10 years living in the country.
It is not necessary to live in Spain in order to retain and renew the residency visa permit. However, the route to permanent residency and citizenship requires the investor and their family to reside in Spain. The Spanish Golden Visa is an investment only route and does not require any contribution or donation to a fund.
Program Benefits
· Fast processing time
· Visa-free travel within the Schengen Zone for 90 days within any six-month period
· The entire family is eligible
· No mandatory stay is required
· Right to work
· Insurance policy
The Spanish Golden Visa Program offers a range of investment options such as purchasing a property for least of €500,000, or making a bank deposit of a minimum of €1,000,000, or investing €1,000,000 in business, or €2,000,000 in government bonds. The most popular option is a real estate investment into property in Spain as an alternative residence in the Mediterranean to enjoy with the family. The investment always remains yours and can be released after 5 years.
Minimum Investment period – 5 years. In order to keep and renew your residence permit, you will need to ensure that you maintain your investments. If your main objective is to obtain permanent residency in Spain, once obtained, you can release your investments.
Acquisition of real estate with a minimum value of € 500,00
Investment into government bonds.
Investment in shares of Spanish companies.
Funds transfer of €1 million into a Spanish bank account.
Step 1
Our team shall prescreen your passport copy for Government pre-approval to ensure fast processing. A down payment of the professional fees will be required to open your application.
Our team will provide assistance and advice with the collection of the documents required in the checklist.
Step 2
Our team will guide you to property in Spain, a property that entirely suits your requirements. We will start to prepare all the documentation required for the Residency application
Step 3
The applicants can decide whether to travel to Spain. However, should you choose not to travel to Spain, a power of attorney may be organised to act on your behalf
Step 4
Our team will prepare property purchase documents to complete the purchase. Property purchase funds and taxes should be transferred at this stage.
Step 5
Once the Government has reviewed the file, officials will notify Savory & Partners to whether the applicant has Residence Visa approval. Once you have obtained this visa, you are not obliged to spend a minimum amount of time in Spain during the year. However, to obtain the residency permit at the end of the year, you do have to visit Spain at least once in the year.
Step 6