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Spain Citizenship

Specifics of international private law
Citizenship Euro > Spain Citizenship

Benefits 

  • Fastest Residency permit in Europe
  • Property can be rented out
  • Quicker process within 1 months to get the visa
  • Free pass to 26 Schengen countries after getting the visa
  • No requirements on living period and time
  • No double taxation and one of the lowest consumption level in Europe
  • No taxation on world wide income
  • Right to live, work and stuy in Spain

The Spain Golden Visa Programme is regulated by Law 14/2013, of 27 September 2013, and is aimed to support entrepreneurs investing into Spain. The law enables non EU citizens to apply for a resident permit through different types of investments.

In Spain where the minimum investment is €500,000 in property, €2 million in treasury bonds or €1 million in shares, some 2,236 investors have been accepted with three quarters investing in property.

Spain is an EU country enjoying a sound political system and a thriving economy. The country offers a European standard of living including high standards of education and health care. Spain has been a member of the EU since 1985 and in the Schengen area since 1995.

 

The country’s fast developing economy and access to the Schengen area make Spain an ideal relocation destination for families, as well as businesses. The Spain Golden Visa Programme is an attractive option to non-EU nationals who wish to reside, study and do business in Europe.

 

The programme also paves the way to permanent residency and could also lead to European Citizenship.

500000

Investment in Real Estate

Applicants can opt for a residential or commercial property, or a combination of both, and such the property may be rented out.

European citizenship & passport for investors and their families. Why not live and work in the EU?

 

The Spanish Golden Visa Program is Spain’s law which aims to stimulate foreign investors to invest in the country. It means that any foreign investor who meets the requirements and invests at least € 500.000 in real estate, is offered a quick and easy way to obtain a Spanish residence permit.

 

Apart from above, there are other four options available for aiming for Spanish Golden Visa Program.

 

  • A one million Euro investment in bank deposits in Spanish Financial Entities.

 

  • A one million Euro investment in shares of Spanish companies.

 

  • A two million Euro investment in Spanish Public Debts.

 

  • Starting a business project in Spain of general interest, which creates employment, contributes to technological and/or scientific innovation or has a socio-economic impact on the local area.

 

The so-called “Golden Visa” or “Entrepreneur Visa” has no minimum stay requirement in Spain and the visa can be renewed up to five years. Holders of the visa are free to travel throughout the Schengen visa countries in Europe.

 

Spanish Citizenship 

 

It is possible to apply for permanent residency in Spain after living in the country for five years. 

Citizenship can be applied for after living full time for ten years. Although the temporary residency permit (the golden visa) can be easily renewed without living in the country, the route to both permanent residency and citizenship requires the investor and their family to reside in Spain. 

For this reason, the Spanish Golden Visa program is popular with those applicants who either wish to reside full time in Spain or simply maintain a second residency in Europe but without a path to citizenship. 

 

Spanish citizenship (EU citizenship) offers full European Union benefits, including Schengen borderless travel and a United States visa waiver. This means visa-free travel to more than 160 countries in the world, including the USA, Canada, Middle East, Africa, Asia, and most countries in North, Central and South America.

Questions & Answers

 

1:What is the “Golden Visa”?

In September of 2013 Spain introduced a new type of visa and residence permit for investors known as the “Golden Visa”. The essential purpose of this new law is to facilitate foreign investments in Spain made by individuals that are not citizens of the European Union.

2:What are some of the reasons the Spanish Golden Visa program is attracting so many international investors?

International business executives, investors, and important persons who are active worldwide consider an alternative citizenship and passport a powerful tool for international tax planning and a safety net should the living conditions at home become unbearable.

 

Applicants realize that the Spanish citizenship provides several benefits, including:

 

• Visa free travel to over 160 countries, including the USA, Canada, and Europe
• Retirement in a safe country with a warm climate
• A better education for the applicant’s children
• Children and grand children gain visa free travel and the right to live, work, or study in many countries
• A better quality of life for the family, including better healthcare and an unpolluted environment
• Relatively low real estate prices
• Personal security
• Tax advantages
• Freedom associated with having multiple passports

 

Applicants may file for Spanish/European citizenship after ten years of residency if desired.

3: What is the minimum investment required to obtain the “Golden Visa”?

The minimum investment in Spanish real estate is set by the Spanish Government at EUR 500.000.  The investment cannot be financed through a loan/mortgage – it must be a cash investment. Further, the investment must have been made after September 29, 2013 which is the date on which the law became effective. Real estate purchases prior to this date cannot be applied.

 

Alternatively, investors may select to create a business project in Spain, duly recognized as being of “general interest”, or invest in a minimum of EUR 2.000.000 (two million euro) in Government bonds, or transfer to Spain at least EUR 1.000.000 (one million euro) in company shares or bank deposits.

4: Will the visa also include my family?

Yes, your spouse and children under 18 can be added at the same time as the initial application, or anytime thereafter.

5: How long does the application process take?

The application takes no longer than 20 days, but the real estate investment must be made before the application is filed.

6: What type of real estate can I invest in?

Your are free to select whichever property you wish to purchase; residential, commercial or land. Your investment can be in one property or a portfolio of multiple properties as long as the minimum investment is met.

7: Does the investment have to be in mainland Spain, or can I invest in real estate on one of the islands?

You may invest in property located on the mainland or any of the the Balearic Islands of Mallorca, Menorca and Ibiza.

8: Once I obtain the visa, do I need to move to Spain or live in Spain for a minimum number of days during the year?

No, you do not need to stay in the country for a minimum number of days. The residence visa is originally issued for one year. There is no minimum stay requirements during the initial one year Golden Visa period.

 

After one year, the visa can be renewed for two successive periods of two years each, provided that the investment is maintained. You need only be in the country to renew the visa. You are free to use the visa to travel to any Schengen Area country, for any length of time. This makes the visa especially attractive to business people.

9: Once I want to apply for permanent residency, and maybe citizenship, do I need to move to Spain or live in Spain for a minimum number of days during the year?

Yes. To apply for Spanish PR you must live in Spain at least 6 months per year, for five years. If you would like to then apply for Spanish citizenship (and hence European citizenship which will allow you to live, work or study anywhere in Europe), you need to show a total of 10 years permanent residency.

10: How long can I stay in Spain with my golden visa?

The residence visa for investors authorizes a stay in Spain for one year. Once this period has expired, one can request a residence authorization for a period of two years, renewable for two years more if you prove the maintenance of the investment.

11: Does the Golden Visa authorize me to work?

Yes. The Golden Visa authorizes you to live and work in Spain. This results from the Fourth Additional Provision of the Law, which gives the right to live and work in Spain.

12: Can you help me find real estate in Spain?

Yes. We are associated with several licensed real estate agencies in Spain and would be happy to help you find your ideal property.

13: Can I keep my tax residence outside Spain?

Yes. The holders of the permit can keep their tax residence outside Spain, as long as they stay in Spain for a period less than 183 days per year. Also, the residence permit can be renewed even with absences longer than six months per year.

14: What does “Schengen Area” mean?

The Spanish visa allows you to travel without restrictions across the “Schengen Area” of the European Union. The Schengen Area is a group of 26 European countries that have abolished passport and immigration controls at their common borders. It functions as a single country for international travel purposes, with a common visa policy.

15: After I am granted citizenship and receive a Spanish passport, will I be able to travel to the United States with my Spanish passport?

A: Yes. The Spanish passport will allow you to travel to the U.S. under the visa waiver program which allows citizens of participating countries to travel to the United States without a visa for stays of 90 days or less. Source: U.S. Government

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