Situated in Southwestern Europe, Spain is regarded as one of the world’s most popular holiday destinations. The country attracts millions of visitors every year with its amazing nature, beautiful beaches, diverse culture, and rich history. Spain is a full member of the EU, the Eurozone, and Europe’s Schengen Area, which means that Spanish residents benefit from unrestricted travel across Europe as well as the country’s high quality of life. Individuals living in Spain also have one of the longest life expectancies in the world.
SPAIN
((Residence by Investment Program))
VISA FREE DESTINATIONS:
194
PASSPORT INDEX RANK:
1st
OVERVIEW:
PROCEDURE:
Once residence has been granted, applicants are required to visit Spain for biometric capturing and to receive the residence permit. Thereafter, a visit is only necessary whenever the personal residence card needs to be renewed, that is, after three years initially and every five years thereafter.
MINIMUM CAPITAL REQUIREMENT:
A minimum investment of EUR 500,000
MAIN APPLICANT REQUIREMENTS:
- The acquisition of real estate with a minimum value of EUR 500,000 (one or several properties).
- Investment funds, bank deposits, or listed company shares in Spanish financial institutions with a minimum value of EUR 1 million.
- A government bonds investment with a minimum value of EUR 2 million.
PROCESSING TIME:
Processing time of approximately 20 days for the immigration procedure
KEY BENEFITS:
- High quality of life
- Ability to include a spouse or unmarried partner, financially dependent children of any age (adult children must be full-time students), and financially dependent parents of the main applicant and/or their spouse who are 65 years and older.
- Access to the public healthcare and education systems in the country.
- A vibrant EU country that has majestic landscapes
- The possibility to apply for Spanish citizenship after two years of effective residence for Sephardic Jews and their descendants and for citizens of Ibero-American countries, Andorra, Equatorial Guinea, Portugal, and the Philippines.
- Excellent schools, with tuition available in English, French, German, Italian, Japanese, and Mandarin.
