Spain Residency - IPC

Spain Residency

WORK AND LIVE IN SPAIN

SPAIN PERMANENT RESIDENCY:

  • Methods of Investment for Permanent residence permit :
    - 500,000 Euros in real estate
    - Deposit at least €1,000,000 in a savings or fixed deposit account in a Spanish-based bank or financial entity
    - Invest €1,000,000 in Spanish companies shares
    - Invest at least €2,000,000 in 5-year (or more) Spanish Government bonds
  • Max ages that Children can be included on a Permanent residence permit application:
    - Children below 18 years old are eligible
    - Children above 18 can qualify if they are still dependent
  • Years for Permanent residence permit to lead to Citizenship:
    - Investors can apply for PRP after 5 years of living in Spain then after 5 extra years, Permanent residents can apply for citizenship
  • When exactly does an applicant become a Permanent residence permit holder?
    - After living in the country for 5 years
  • When does a Permanent residence permit holder become a Citizen?
    - After living in the country for 10 years
    - Spanish citizenship can be acquired by marriage to a Spanish citizen and residing in the country for one year
  • Visa free travel to Schengen countries
  • EU residency for family and children
  • No minimum residency requirements
  • No language tests or business experience required
  • Families will have access to all public services including state medical care and schooling
  • A stronger presence for the EU in the global economy
  • Improved economic stability and growth

WHY SPAIN:

  • Spain remains one of the best value destinations in Europe for a summer getaway
  • The coastal resorts of the Mediterranean enjoy, on average, more than 300 days of sunshine each year – well into the autumn and winter months
  • 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, visitors plotting a trip are spoilt for choice
  • Pain tops the global ranking, handing the country the accolade of best beaches on earth with Blue Flag status was awarded to more than 577 beaches around the country and the islands
  • Spain has become one of the most popular places for immigration today Due to its emerging economy and requirement of high-skilled labor
  • Spain is welcoming talented people from all over the world with convenient immigration options Below we will discuss in brief
  • Spain’s rental market is extremely pro-tenant
  • Foreign investors are betting for the Spanish real estate market, representing 20% of the property investment in Spain

ABOUT SPAIN:

  • Official Name: Kingdom of Spain
  • A Form of Government: parliamentary
  • Capital: Madrid
  • Population: 46,402,393
  • Official Language: Spanish
  • Currency: euro
  • Area: 504,782 km2
  • Education: Spanish education
  • Culture: Mixed culture ( Romans, Phoenicians, Greece)
  • Environment: Deforestation
  • Health Care: High quality health care (30th Worldwide)
  • Taxation: from 25% to 45% which is high
  • Tourism: International destination for tourists
  • Weather: dry summers and winters with balanced temperatures
  • Politics: politically 50% stable
  • Schengen: yes
  • Religion: population is Catholic. Other religions also practiced in Spain include Islam, Judaism, Protestantism, and Hinduism

QUALIFICATION CRITERIA:

  • Invest in real estate, government bonds or private shares
  • Sufficient funds
  • Clean criminal record
  • Visit the country first
  • Medical insurance
  • No previous refusal visas or entry to Schengen zone
  • Above 18 years old
  • Open a bank account in Spain
  • Property Sale contract or proof of investment
  • Bank statement
  • Recite of payment fees
  • Birth certificate
  • Valid passport
  • One passport-size photo
  • Income tax return

START YOUR BUSINESS IN THE EUROPEAN UNION

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