• Capital: Madrid
• Population: 46.7 million
• Area: 505,988 sq km (195,363 sq miles)
• Languages: Spanish (Castilian), Catalan and its variant Valencian, Gallego (Galician), Euskera (Basque)
• Major religion: Christianity
• Life expectancy: 79 years (men), 85 years (women)
• Currency: Euro
• Exchange Rate (as of Oct. 2018):US$ 1.00 = 0.870022 EUR
Spain boasts the world’s 14th largest economy and regularly ranks highly for standard and cost of living and quality of life. It is a Southern European country comprising 17 autonomous regions. The country is bordered by Portugal to its west and France and Andorra to its north. Spain has a population of around 47 million and the local currency is the Euro.
The Spanish Government introduced the Residences Visa Law 14/2013 on the 27th September 2013 to support entrepreneurs and internationalization. The law offers the opportunity for non-EU citizens to obtain a Residence Permit by investing in Real Estate in Spain for a minimum value of €500,000 Euros. A residence permit for 1 year is issued and can be renewed (for a 2-year period each time), provided that the real estate property is still owned by the applicant.
While Spanish residency-by-investment is beneficial on its own, another huge advantage is that it also offers a path to European citizenship. If you’re looking long-term, you can apply for full Spanish citizenship after 10 years of residency.
FAST, FLEXIBLE FREEDOM: Obtain your European residency in just two to three months with Spain’s fast track process. You can apply for your residence permit without the need to reside or visit the country. It is also possible to apply for full citizenship further down the line.
EASY EUROPEAN TRAVEL: As a Spanish resident or golden visa holder, you can travel freely throughout the Schengen Area. It is even possible to reside in these countries for up to three months within any six-month period.
BUSINESS BENEFITS: Establishing a business in Spain offers easy access to the markets of the EU and North Africa. You’ll also benefit from an attractive tax regime, as tax obligations only apply to those residing in Spain for six months or more every year.
SECURITY FOR YOU AND YOUR FAMILY: Your Spanish residency extends to your spouse and any dependent children, allowing your family to live, work and study in Spain with you.
Real estate investment is the qualifier for application to the Spanish residency visa and permit program. Permit is issued in 3 months.
EUR 500,000 minimum investment in real estate in Spain to receive residency permit for up to 5 years. The Spanish residency visa will be issued temporarily for an initial period of one year, which can then subsequently be renewed for a two years permit (which can be renewed indefinitely). After two consecutive periods of two years renewal (5 years) the holder may apply for a Permanent Residence Permit, which can lead to Spanish citizenship after a total of 10 years.
The granting of residence permits is at the sole discretion of the Spanish Government but, generally, the application is only denied if the due diligence reveals that the applicant has made false statements in the application forms or other submitted documents; has engaged in criminal activities or is under investigation in relation to illegal activities or has (or is alleged to have been) engaged in or associated with any event that would bring disrepute to Spain.
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