Spain is known around the world as a prominent Financial Services hub and also has a growing English speaking population. The country is one of the old members of the EU and also the Schengen Zone enabling a Spanish Permanent Resident right to travel throughout the Schengen area.
To promote the Spanish Economy, the Government of Spain has already started a program called the ‘Spanish Golden Visa Program.’ The primary qualification is an investment of a minimum of 500,000 Euros on a real estate property in Spain. Other requirements include holding a comprehensive Health Insurance policy and a clean criminal record.
The initial residence under this scheme is granted for a period one year and is renewable subject to maintenance of the investment. The Government also evaluates the ability of the investor to support the family in the meantime.