Spain Residency – IPC

Spain Residency

WORK AND LIVE IN SPAIN

SPAIN PERMANENT RESIDENCY:

Investment options
Real Estate investment
  • Purchase real estate in Spain worth at least €500,000. The real estate can be one single unit or several, with an overall worth of no less than €500,000.

Investment in bonds
  • This option requires you to invest a minimum of €1,000,000 in Spanish Treasury Bonds. This tends to be a popular option because of the financial security of these bonds.
  • Invest € 2,000,000 minimum amount towards Government bonds investment.

Bank Deposit
  • You can invest a minimum capital of €1,000,000 in Spanish companies.
  • You can invest a minimum capital of €1,000,000 in bank deposits to a Spanish financial institution. New Business Venture
  • You can invest in a new business in Spain that will offer employment opportunities, contribute to scientific and/or technological innovation and have a relevant socio-economic impact.

Benefits of Permanent Residence Permit
  • EU residency in 20 days from application submission.
  • Visa-free access to all 26 Schengen countries and EU countries.
  • Opportunity to establish a business within a modern and competitive corporate taxation system.
  • The right to study in any of the Schengen countries.
  • The right to obtain Spanish Permanent Residence after five years from the date of obtaining residence permits.
  • The residence permit can be renewed indefinitely every 5 years, without any stay requirements, if you maintain your investment.
  • Qualifies for citizenship after living in the country for 2 years for Sephardi Jews and citizens of Equatorial Guinea, Latin America, and the Philippines.
  • Qualifies for citizenship after living in the country for 10 years for other nationals. (Dual citizenship is not allowed in Spain).
  • The right to live, work, study & make your own business in Spain.
  • Varieties of investment options, bank deposits, company shares, Government bonds or real estate.
  • No Language test required to obtain residence.
  • All ascendants and descendants of the investor can obtain a Golden Visa/Residency Permit, regardless of their age, thus enabling the entire family to benefit from the scheme.
  • Spain's international schools are increasingly being of a better standard than those in many other European countries.
  • Invest in a country with a stable political and economic climate.
  • Full access to the public Spanish healthcare system.
  • Ranked 5th out of 24 Programs the global residence programs index.
  • Spain allows dual residency.

WHY INVEST IN SPAIN:

  • EU member since 1986.
  • Member in Schengen countries since 1991.
  • Excellent schools with tuition in English, French, German, Italian, Spanish and Mandarin.
  • Ranked second highest touristic destination with 82 million international tourists.
  • Spain is ranked the thirteenth in the list of world economies prepared by the International Monetary Fund (IMF), having close to 110 billion euros.
  • Tax on Personal income is 19% to 37% - inheritance tax is 7.65% to 36.5%.
  • High end life quality.
  • Spain has a great public health care system and is considered one of the best in the world.
  • Easy to travel between most of the different countries that are part of the Schengen Area.
  • Community- Spanish people are generally seen as very warm and welcoming.
  • Climate: Spain has a temperate climate; the sun shines almost 320 days a year.
  • Cheap cost of living- The cost of living for 1 person is approximately €900 per month.
  • Spain not only has 5000 kilometers of coastline but also the most blue-flag beaches in the world.
  • Spain has 82 million tourist visitors every year.
  • Spain is listed 25th in the United Nations Human Development Index.
  • Spain has one of the most important economies in Europe.
  • Spain is the sixth safest country in the world.

ABOUT SPAIN:

  • Official Name: Kingdom of Spain
  • Form of Government: Parliamentary monarchy
  • Capital: Madrid
  • Population: 46,770,702 million
  • Official Language: Spanish
  • Currency: Euro
  • Area: 505,990 KM2
  • Education: Pre-Primary to High education - Free for 6-16 years old students - Compulsory and obligatory
  • Culture: : Spanish- grounded on Pre-Roman and Iberian Culture - Artistic Heritage, - Flamenco Music ad Bullfights
  • Environment: Mountainous, lowland areas& islands
  • Health Care: Distinction in Free Healthcare for Spaniards with access to universal healthcare : Spanish National Health System ”SNS”
  • Taxation: 25-45%
  • Tourism: Major tourist Destination contributing to the Spanish economy
  • Weather: Most Diverse in Europe, 3000 Hours of Sun Climate Differs from North to south /East to West
  • Politics: Stable, Democratic monarchy divided into three branches: Executive, Legislative ,Judicial
  • Schengen: Member since 2001
  • Religion: Christian Catholic - Small Communities of non-Christians - High level of secularization

QUALIFICATION & INVESTMENT CRITERIA:

Required documents:
  • Applicant must be above 18 years old.
  • Applicant must be in good health.
  • Successfully pass due diligence check.
  • Must not have been refused a Schengen Visa in the past.
  • You will need to submit a copy of your valid passport.
  • Copy of your birth certificate.
  • Copy of your marriage or divorce certificates.
  • 2 passport-size pictures.
  • Demonstrate clear criminal background records.
  • Filling out the investor visa application form.
  • You must possess private health insurance with a Spanish company.
  • Proof of residential address through utility bills or rental contract.
  • Registration Certificate issued by home country police office.
  • Sales/purchase contract for the type of investment needed.
  • Proof of source of wealth: documents providing from where the wealth has been derived.
  • Proof of source of investment funds: supporting with bank statements for last 12 months, owned properties contracts, etc.
  • Proof of annual income – Audited accounts for business owners, HR letter, bank account interest, rental contracts, etc.
  • Proof of payment of the visa fee and all the necessary fees.
  • All documents submitted must be translated into Spanish by a certified translator and apostilled.

The application process comprises two stages:
  • In the first phase, applicants apply in their home country for a Spanish residence visa that allows them to reside and work in Spain for one year.
  • In the second phase, applicants apply for a Spanish residence permit. If they have come to Spain on an ordinary tourist visa, they may apply for the residence permit directly, thus omitting the first phase.
  • The residence permit applies to the main investor, spouse, or partner (including unmarried or same-sex unions) and all economically dependent descendants.
  • Residence permits are usually issued after a 20-day consideration period and have an initial duration of two years, renewable for five years upon request, provided that a minimum investment in Spain is maintained by the applicant.

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