Spain Residency - IPC

Spain Residency

WORK AND LIVE IN SPAIN

SPAIN PERMANENT RESIDENCY:

  • In September 2013, the Spanish Parliament launched the program enabling foreigners to obtain Spanish residence by investment It is possible to choose between the following investment options: government bonds worth EUR 2 million, a bank deposit worth EUR 1 million or property worth EUR 500,000
  • Mortgages (financing) may be obtained on properties purchased above the required value In other words, if an investor has his or her eyes set on an EUR 750,000 property, a mortgage can be obtained on the excess amount of EUR 250,000 The minimum EUR 500,000 value can be spread out over multiple properties if desired
  • After five years, the applicant can request permanent residency
  • After 10 years, they can request citizenship
  • If you’re a non-EU citizen and buying property in Spain, you may be interested in Spanish residence visa permits, also known as a Golden Visa Spain Property investors who meet all the criteria receive qualified Spanish residency
  • If a person is staying in Spain for more than five years, then he or she can apply for a permanent residency permit whereas if the duration of stay exceeds beyond ten years, then one can apply for Spanish nationality

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:

  • The minimum investment in Spanish property is €500,000 per investor
  • One or more properties
  • Residential, commercial or industrial property; or rural or development land
  • Property located anywhere in Spain
  • Not to have entered illegally in Spain, or been refused entry into any Schengen countries
  • Be at least 18
  • Have no criminal record
  • Not be listed as undesirable in Spain
  • Take out state or private health insurance valid in Spain
  • Have sufficient funds to support yourself and your dependents, if applicable
  • Pay the authorization or Permit processing fee

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