SPAIN
SPAIN
SPAIN
RESIDENCY BY INVESTMENT
Description
The quick economic modernization made the country a rapidly growing dynamic economy and a global champion of freedom and human rights after the death of Dictator Francisco Franco in 1975.
Spain joined the European Union on 1st of January 1986 and participated in the introduction of the Euro, it is also a member country of the Schengen area where border restrictions with other Schengen members have been lifted.
It Constitution provides for respect the linguistic and cultural diversity within a united country, In addition, Spain divided into 17 regions all of which have directly elected powers.
It remains one of the best value destinations in Europe for a summer, where too many of the world’s must-visit cities are found in Spain, from the cultural majesty of the capital Madrid to the trendy proudly-Catalonian air of Barcelona.
It has weird traditional festivals such as (La Tomatina ) throwing tomatoes at one another in the name of tradition and fun.
Also, (Las Fallas) which make giant statues of paper then burn it all at the end of the day, besides other amazing festivals that attract a lot of tourists.
Spain Golden Visa:
The investor can obtain permanent residence in Spain the Golden Visa; by investing in real estate worth 500,000 euros, whether by purchasing a residential or commercial property.
Application criteria
- Applicant must be at least 18 years
- Have a health insurance policy with an insurance company authorized to operate in Spain
- Have sufficient financial resources to stay in Spain
- Demonstrate the origin of the amount you wish to invest
- Not appear as refused in any country which has a valid agreement with Spain
- Not have a criminal record in Spain and in the countries where you have lived during the last 5 years
- Not have entered or stayed illegally in Spain
- Bank statements to prove sufficient income.
Benefits of residency program:
- One of the world’s most desirable places to live.
- Excellent quality of life.
- Enviable year-round climate, historic cities, renowned gastronomy, and beautiful beaches.
- The country’s health system is widely regarded as one of the best in the world.
- Spain one of the world’s largest economies.
- Excellent infrastructure and good travel links to the rest of Europe.
- The Spanish investor visa can be renewed every two years.
- After five years it is possible to gain permanent residency.
- After ten years of permanent residency you can obtain citizenship.
The main Steps :
- Preparing the basic documents
- Choose the type of property to buy.
- Visit Spain for at least 5 days to examine the property.
- You have to make a deposit in order to buy a house.
- Pay the lawyer fees and give them power of attorney.
- Register the house in your name.
- The lawyer will start the application for your residence permit.
- Come to Spain in order to receiving your residence permit.
- Application process for a residence permit takes around 3 months.