Spain

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. Initial residence permit is for 1year, renewed for another 2-years twice and after 5years PR is renewed for 5-year period subsequently on an ongoing bases, 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 & language test.