Spain and the Residency by investment


Spain Residency by investment

Spain is one of the oldest countries in Europe; and it joined the European Union and became a member of the Schengen area on January 1, 1986. Spain ranks third among the most visited countries in the world; as it is the fifth largest mountainous region in the European continent after Switzerland, Austria, Andrea, and Liechtenstein.

It is bordered by Portugal and the Atlantic Ocean to the west; by the Mediterranean Sea to the south and east; by France, Andorra, and the Bay of Biscay to the north; and to the south by Gibraltar.

It has a total area of 505.990 km²; and a population of about 46.500 million people. The capital is Madrid and Spanish is the official language. The currency is Euro, and it is symbolized by €.

It attracts the spotlight with its traditional and unusual festivals such as La Tomatina; the festival of throwing tomatoes at each other; in the name of tradition and fun. And also (Las Fallas); where they made giant statues of paper and then all burned at the end of the night, in addition to its rich cuisine and its fun customs.

How to obtain Residency by investment in Spain?

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.

It requires the following criteria:

  1. The applicant must be over 18 years old.
  2. Obtaining Spanish health insurance.
  3. The investor has sufficient financial resources to remain in Spain.
  4. Proof of the assets of the amount in which the applicant wishes to invest.
  5. No refusal in any country that has an agreement with Spain on the applicant’s passport.
  6. A clean criminal record in Spain and in the countries where the applicant has resided in the last five years.
  7. Not residing illegally in Spain.
  8. Bank account statement.

What are the Advantages of the Residency by Investment Program in Spain?

  • The property can be rented.
  • Possibility to purchase several properties to achieve a minimum investment of 500.000€
  • More than one investor can invest in one property.

What are the Benefits of Obtaining Residency by Investment in Spain?

  1. One of the European Union countries; that is mean easy access to EU Schengen countries.
  2. One of the world’s most desirable places to live in.
  3. Good living and a first-class healthcare system.
  4. A distinctive climate all year round; a country with many historical cities, and beautiful beaches.
  5. The country’s health system is considered one of the best in the world.
  6. Spain has one of the strongest economies in the world.
  7. Excellent infrastructure and good travel opportunities to the rest of Europe.
  8. The possibility of renewing the Spanish investor visa every two years.
  9. Permanent residency can be obtained after five years of investor visa.
  10. Citizenship can be obtained after ten years of permanent residence.

Required Documents for Residency by Investment Application in Spain:

  • Photocopies of valid passports.
  • Birth certificate for all applicants and marriage certificate.
  • Clean criminal record.
  • Academic achievement certificate.
  • Bank financial statement with proof of legal source of income.

Steps to obtain Residency by investment in Spain:

  • Firstly, signing a contract with NTL and making the first payment.
  • Secondly, prepare official papers.
  • Thirdly, choosing the right property.
  • Then, Visiting Spain for 5 days at least to check the property.
  • After that, deposit the money to buy the property.
  • Hiring the lawyer and paying the fees.
  • Moreover, registering the property in the name of the investor.
  • Finally, submit the residence permit application for the investor.
  • Being in Spain to obtain a residence permit. The process for obtaining a residence permit takes about 3 months.

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