Spain, a country located in extreme southwestern Europe, is considered an exotic country in Europe due to its friendly inhabitants, relaxed lifestyle, its cuisine, vibrant nightlife, and world-famous folklore and festivities. The country is a member of the EU and also the Schengen Zone enabling a Spanish Permanent Resident right to travel throughout the Schengen area.
Spain Residency Overview
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 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. Spanish Golden Visa program is popular with those applicants who either wish to reside full time in Spain or simply maintain a second residency in Europe but without a path to citizenship.
Spain launched its golden visa program in 2013. An investment of €500,000 in real estate will gain family residency. The Spanish investor visa can be renewed every two years. After five years it is possible to gain permanent residency and after ten years citizenship. It is not necessary to live in Spain in order to retain and renew the residency visa permit.
The Golden Visa is one of the fastest routes to permanent residency in Spain, however, it is important to note that various conditions apart from the investment must be respected. Among these, having a clean criminal record and medical insurance. Also, the applicant must also submit proof of being able to sustain themselves for an indefinite period of time. The advantage of the Golden Visa is that the applicant can move to Spain with close family members.
The property purchase must be made within 90 days prior to the application, and €500,000 must be unencumbered. . Applications are processed within 10 days. Golden Visa can be obtained by buying $2 million worth of Spanish government bonds, depositing €1 million in a Spanish financial institution, or buying €1 million worth of shares in Spanish companies.
What are the requirements for a Spanish Residency?
Some of the requirements for the Spanish Golden Visa are:
- Be over 18 years of age
- Have a clean criminal record
- Have a health insurance policy with an insurance company authorized to operate in Spain
- Have sufficient financial resources for themselves and for the members of their families during their residence in Spain
- Have paid the visa or authorization processing fee
How to apply for Spanish permanent residency?
Empire, a leading Professional Services & Advisory Firm focused on immigration and residency offers you a simplified path to apply for the Spanish Golden Visa program and secure approvals within the shortest possible time. With our team of immigration experts, you are assured that your application is in informed hands. If you are interested in obtaining more information about this program, please complete the form. One of our representatives will be in contact with you. You can reach us by phone at +60350331665 or visit our website empireglobal.partners. We also look forward to your emails at firstname.lastname@example.org. We offer clear written contract agreements mentioning the applicable charges including the refund policy, in the unlikely event that the application is unsuccessful.