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.
No designation has been made by the Texas Board of Legal Specialization for a Certificate of Special Competence in this area.