Spain Residency

Spain’s Residence by Investment Program offers visa-free travel in Europe’s Schengen Area and grants the right to live, work, and study in the country, making it a top choice for investment-based permanent residence.

Spain, positioned in Southwestern Europe, ranks among the world’s top destinations for investment-based permanent residence. Its vibrant atmosphere and stunning landscapes captivate, alongside a rich history and unique culture. Boasting a strong economy and full EU and Eurozone membership, Spain’s iconic cities and diverse geography offer unparalleled living and travel experiences.

Time Frame

20 days or so for the immigration process

Investment Requirement

€500,000 minimum investment

Key Benefits of the Spain Residence by Investment Program

• Superior standard of living is ensured, with access to public healthcare and education systems
• Inclusion of partners, dependent children, and parents above 65
• The vibrant EU country offers magnificent scenery and a Mediterranean lifestyle
• Citizenship application is possible after ten (10) years of residency
• Top-notch schools offer various language options for tuition, including English, French, German, Italian, Japanese, and Mandarin
• There are no language proficiency requirements for residency, unlike other programs in Europe
• Major cities like Barcelona, Madrid, and Valencia provide rich culture and nightlife, enhancing the lifestyle and cultural experience

Spain Residence by Investment Program Requirements

The Spain Residency via Investment Program requires foreigners to invest in real estate, a business venture, company equity, bank deposits, or government bonds

Candidates must meet one of the following investment options:

• € 500,000 (one or more properties) investment in real estate worth
• Establishing a business venture recognized as being of ‘general interest’
• Investors must deposit funds in a Spanish financial institution or acquire company equity valued at a minimum of € 1 million
• Investors must invest in government bonds valued at a minimum of € 2 million

Process and Time Duration of the Spain Residence by Investment Program

Applicants must submit official documentation, pay fees, and provide relevant records to the scheme. Visas are typically granted after a 20-day evaluation period and initially remain valid for two years, with the option to extend for five years if the candidate continues to meet the minimum investment criteria in Spain.

The application process involves two steps:

1. Initially, candidates apply in their country of origin for a Spanish residency permit that allows them to live and work in Spain for twelve months.
2. Subsequently, candidates apply for a Spanish residency authorization. If they enter Spain on a regular visitor visa, they can directly apply for the residency authorization, bypassing the first step.

The residency permit applies to the main investor, spouse, or partner (including unmarried or same-gender partnerships) and all financially dependent children. While there is no mandatory residency requirement to maintain the residency status, obtaining the initial residency permit requires a trip to Spain

Citizenship

Residents can only pursue Spanish nationality after residing in Spain for ten years. However, Sephardi Jews and citizens of Equatorial Guinea, Latin America, and the Philippines qualify for Spanish citizenship after just two years of residency. Most foreign residents are subject to limitations on dual nationality.

If you would like to learn more about the Spain Residence by Investment Program, please don’t hesitate to contact us at Tsavorite as we would love to connect with you.