Residency Program Of Kingdom Of Spain

Residency Program Of Kingdom Of Spain

Description

Spain Residency by investment

 

QUICK FACTS
LOCATION One of the oldest countries of Europe which share its land boundary with Portugal in the west, France and Andorra in the north and northeast, and Gibraltar and Morocco in the south.
POLITICAL STATUS A parliamentary constitutional monarchy
CAPITAL Madrid 
POPULATION 46,440,026 million
SIZE 505,990 km²
LANGUAGE Spanish 
CURRENCY Euro 
TIME (GMT+1)
DATE OF INDEPENDENCE 12 October 1492 ( Hispanic Day )
GOVERNMENT TYPE Spain’s current government is a parliamentary constitutional monarchy that is based on the Spanish Constitution, which was approved in 1978 and establishes a government with three branches: Executive, legislative, and judicial.
LEGAL SYSTEM Civil law system with regional variations

INTRODUCTION:

Spain remained neutral in I and II World Wars but suffered a devastating civil war (1936-1939) and the dictatorship of General Francisco Franco for 36 years.

The quick economic modernization made Spain a rapidly growing dynamic economy and a global champion of freedom and human rights after the death of Dictator Francisco Franco in 1975.

Spain joined the European Union on 1st of January 1986 and participated in the introduction of the Euro, it is also a member country of the Schengen area where border restrictions with other Schengen members have been lifted.

Spain Constitution provides for respect the linguistic and cultural diversity within a united country, In addition, Spain divided into 17 regions all of which have directly elected powers.

 

Spain remains one of the best value destinations in Europe for a summer, where too 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.

Spain has weird traditional festivals such as (La Tomatina ) throwing tomatoes at one another in the name of tradition and fun.

Also, (Las Fallas) which make giant statues of paper then burn it all at the end of the day, besides other amazing festivals that attract a lot of tourists.

Investment criteria:

 A Golden Visa for Spain

Application criteria

  1. Applicant must be at least 18 years 
  2. Have a health insurance policy with an insurance company authorized to operate in Spain
  3. Have sufficient financial resources to stay in Spain
  4. Demonstrate the origin of the amount you wish to invest
  5. Not appear as refused in any country which has a valid agreement with Spain
  6. Not have a criminal record in Spain and in the countries where you have lived during the last 5 years
  7. Not have entered or stayed illegally in Spain
  8. Bank statements to prove sufficient income.

 

Benefits of Spain Residency Program:

  1. One of the world’s most desirable places to live.
  2. Excellent quality of life.
  3. Enviable year-round climate, historic cities, renowned gastronomy, and beautiful beaches.
  4. The country’s health system is widely regarded as one of the best in the world.
  5. Spain one of the world’s largest economies.
  6. Excellent infrastructure and good travel links to the rest of Europe. 
  7. The Spanish investor visa can be renewed every two years. 
  8. After five years it is possible to gain permanent residency.
  9. After ten years of permanent residency  you can obtain citizenship.

 

THE MAIN STEPS TO GET SPANISH RESIDENCY:

  1. Preparing the basic documents
  2. Choose the type of property to buy.
  3. Visit Spain for at least 5 days to examine the property.
  4. You have to make a deposit in order to buy a house. 
  5. Pay the lawyer fees and give them power of attorney.
  6. Register the house in your name.
  7. The lawyer will start the application for your residence permit.
  8. Come to Spain in order to receiving your residence permit.
  9. Application process for a residence permit takes around 3 months.

 

ECONOMIC RESIDENCY:

  1. A 500,000 Euro property investment in Spanish.
  2. The property can be either residential or commercial.
  3. Ability to rent the property for income advantage. 
  4. Any number of properties can combine to make up the €500,000 minimum investment.
  5. Joint investor can combine into one property. 

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Judy Alhasan
  • Judy Alhasan