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Everything you need to know about citizenship and residence programs around the globe.
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The Kingdom of Spain is different from many EU countries in terms of its flexibility towards people applying for residency or citizenship. In 2013, Spanish authorities adopted a law regulating the procedure of granting Spanish residency to savvy and well-off foreign investors for their contribution to the national economy.
Investors and entrepreneurs obtain their residence cards without any additional requirements. That means they do not need to master Spanish or provide any proof of their education and professionalism. Several years later, they have an opportunity to get permanent residency in Spain and get the invested money back. If you have lived in Spain for ten years and you comply with certain conditions, you have a right to get Spanish citizenship.
Spanish residency by investment allows you and your family to live in Spain and do anything you feel like doing – you can study, work, set up your business or just enjoy free time. Besides, you get a great opportunity to travel around the European Union without a visa.
If you are interested in other residency by investment programmes, you can find relevant information here.
Spouse, children and parents
After 5 years
At least 2 months
Residency processing time
In 5 years
Spanish permanent residency
In 10 years
There are two notions that are quite similar and thus are often mixed up – Golden Visa and residency for investors.
Spanish Golden Visa is granted to an investor for 365 days or for half a year if you have decided to invest in real property but your deal has not been formally established yet. Nevertheless, that is still a simple visa in your passport and not a residence card. When you hear about a fast procedure of obtaining residency by investment, it is about the Golden Visa. Another advantage of this type of visa is that you can get it in your home country, in a Spanish visa centre.
Within 6 or 12 months you and your family members will need to go to Spain and apply for residency. In Spain, investors are granted residency for 2 years and they can extend it for additional 5 years.
So if you are currently staying in Spain, you can immediately apply for a residence card. If you make investment staying in your home country, you have the following options:
You have three options to get residency by investment in Spain.
Spanish government bonds
Stocks and shares of companies located in Spain or actively involved in Spanish business activities
Shareholding in investment, closed-end and venture funds based in Spain
Bank deposit in a Spanish financial institution
In order to get a Golden Visa or residence permit, an applicant should provide documents proving real estate purchase at a cost of at least €500,000. The purchase should be free from any encumbrances or bond security.
If your investment is made in a high-cost object, encumbrance should not be extended to the part of the real estate that costs €500,000 as stated in the law.
There are no specific requirements regarding the minimum investment in business. However, your business project should benefit the Kingdom of Spain. That means it should comply with at least one criterion listed below:
Your project is to be approved by the Trade and Industry Representative at the Spanish embassy at the place where you have applied for an investor visa.
Residency by investment in Spain does not require your permanent presence in the country. However, if you apply for a residence card for a permanent and legal stay in Spain, you and your family will have an opportunity to apply for permanent residency after 5 years.
Those who plan to get permanent residency should not leave the country for more than:
Other requirements set by the Spanish immigration authorities are standard: the applicant should have no conviction, should be of good health, have a medical insurance policy and be integrated into Spanish society.
Permanent residents have in Spain the same rights and duties as all Spanish citizens. You can enjoy all social benefits and financial support without losing the citizenship of your home country. However, you cannot be elected to the Spanish authorities, serve in the Spanish army or police.
If you have permanently lived in Spain for the last 10 years and you do not have a problem with any specific features of Spanish immigration legislation, you can apply for naturalisation.
Prospective Spanish citizens should comply with the following requirements:
The Kingdom of Spain does not recognise dual nationality unless the applicant’s country of origin used to be a Spanish colony. If you want to keep your first citizenship but you are not sure you can, we advise you to contact our immigration experts and book a consultation.
For many years, our experienced legal advisers have been resolving issues concerning residency and relocation to the European Union and Great Britain.
Though Spain is considered to be among few European jurisdictions where authorities encourage foreign investment and do not create any additional administrative and bureaucratic hindrances, a person who is not familiar with peculiarities of the European legal system can have difficulties in getting a Spanish residence permit without an experienced legal adviser.
Using services of Imperial & Legal, you will be able to get a residence permit easily in 4 steps:
We can arrange a consultation with an expert from Imperial & Legal in our office or remotely via video-calls in WhatsApp/Zoom/Skype.
When the agreement is signed, our legal advisers will consider your circumstances in detail to mitigate the risk of refusal and present your case in a most favourable light.
After conducting due diligence check, our advisers will prepare all the documents necessary to provide with your application for your investor Golden Visa in Spain. Each copy must be notarised and legalised.
Our experts will help you choose the best investment option. If necessary, they will find the most appropriate investment object and open an investment account in a Spanish bank.
If we do not take into consideration the four-step plan we presented above, this procedure includes two big stages indeed. The first stage: you get an investor Golden Visa after you have invested in the Spanish economy. The second stage: you come to the country of residency, your biometric data are collected and you obtain a plastic residence card for yourself and your family.
The experienced advisers of Imperial & Legal will support you with consultation at each stage.
You can file an application to the police at the place of your residence or turn to the immigration authorities in Madrid in order to get a residence permit. You can do it within a year from the date of your investor visa issuance or within half a year if you have invested in real property but your purchase has not been completed yet. Besides, in accordance with the Spanish law, you will have at least 90 days after your Golden Visa expires to obtain your residence permit.
However, if you plan to get permanent residency, you should not leave Spain for a long period of time.
Imperial & Legal experts single out two investment options that are especially reliable:
Unfortunately, there are no declared advantages over holders of other types of residence permit in terms of application for Spanish permanent residency or citizenship.
You will have to spend in Spain at least 10 years, master Spanish and know Spanish culture and traditions – just like other candidates.
We offer full support from getting your residence and relocation to Spain to obtaining permanent residence and Spanish passport. Get expert advice.
Residence by investment
Second passport by investment
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