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Spain Citizenship by Investment

The Spain Residency by Investment program is also called the Golden Visa Program. The government launched it in 2013 to boost the country’s economy. According to Spain Golden Visa, foreign investors can obtain residency along with their families by investing €500,000 into real estate. They can also rent it out to generate income. The residency permit is granted for two years and you can renew it after five years.

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    The Spanish government has no requirement for Golden Visa holders to reside in the country. Spain is a European Union member. Being a Spanish citizen allows you to travel throughout the Schengen area in Europe.

    All the family members are granted free access across the Schengen area and enjoy visa-free travel. You can easily renew your residency online.

    Golden Visa holders can apply for permanent residency after spending five years in Spain. This means the Golden Visa holders should at least spend six months each year in Spain so that after 10 years, they can apply for citizenship.

    Citizenship by Investment Spain – Golden Visa Features

    Here are some of the main features of the Spain Golden Visa:

    Investment

    Applicants need to invest at least €500,000 in real estate to qualify for the Spain Golden Visa citizenship program. The investors should contribute to the social, economic, and technological development and their business should generate jobs.

    Dependents

    Spanish Golden Visa allows the applicants to add their spouse, unmarried partner, and elderly parents as dependents. Moreover, children under 18 years of age and those who are not minors are dependent due to health or mental conditions qualify for the visa as well.

    Processing

    Once you are eligible to apply for Spain citizenship by Investment and have completed all formalities, you will be issued an initial residence permit in less than 30 days. The duration of this permit is for a year or two. But you can extend it to 5 years on request.

    Visa-Free Travel

    After getting a passport through investing in Spain, you get to live, study, and work in Spain. Moreover, you will get a chance to easily travel to 26 countries in the Schengen zone without any hassle of getting a visa or getting a visa on arrival.

    Tax Benefits

    For incomes that are generated outside of the country, there are no tax impositions. The non-residents employed in Spain or getting a pension are liable to pay tax at 24%. Profits generated from renting out a property, investing in banks, and claiming dividends are taxed at 19%.

    Investment Options for Spain Golden Visa

    There are multiple options for applicants to get Golden Visa Spain. Here are the different options offered by the Government of Spain. With Spain’s investment options, non-EU investors can purchase a residential or commercial property.

    This investment should be made in any government-approved real estate project at a minimum cost of €500,000. The applicant has to maintain ownership of the property to qualify for renewal of the Spanish residency permit. The investor can lease it to generate income or reside in the property himself.

    After applying for citizenship in Spain, when the applicant acquires permanent residency or citizenship and a passport, the residency permit renewals become unnecessary and the property can be sold as well.

    Real Estate

    The minimum investment required for real estate is €500,000. A candidate can either buy a property for at least €500,000 or more than one property whose combined value is a minimum €500,000 is acceptable.

    Business Setup

    The applicant can establish a business in Spain, which contributes to the country’s economy.

    Shares

    Another investment option is investing in shares or depositing in a bank. However, the minimum deposit amount should be at least €1,000,000.

    Government Bonds

    You can invest by purchasing bonds issued by the Spanish government, the minimum value required for investing in government bonds is €2,000,000.

    Spain – An Overview

    Known as one of the best destinations to live, Spain is one of Europe’s largest countries. With about 100 islands, the country directly shares national borders with 5 countries, Portugal, France, Morocco, Andorra, and Gibraltar. Spain thrives on art, theatres, tourism, agriculture, and technology.

    The country is known for its strong economy and every professional and industry is contributing to the economy. It is a popular destination to do business as the Spanish market is favorable for business growth. Spain is home to numerous historical sites, pristine beaches, and stunning mountain views. The country boasts a rich history cultural traditions and values.

    Spain offers an excellent quality of life. The country has been touted as the healthiest country in the world, and the best country for expats, and the city of Barcelona was named the Best city for families in Europe.

    Eligibility Criteria for Spain Golden Visa

    Here are the eligibility requirements for the Spanish Golden Visa:

    Any potential investor who wishes to acquire Spain residency by investment has to invest as approved by the Government of Spain. He should invest at least €500,000 in any real estate projects the Spanish government has approved.

    Documents for Spain Citizenship by Investment

    Here is the list of documents each of the applicant has to submit, including children:
    The investment consultants at DM make the document preparation and collection process as easy as possible.

    Process for Spain Citizenship by Investment Program

    Here is the step-by-step process for Spain citizenship by Investment program:

    DM Consultants – Get Professional Assistance to Acquire Spain Citizenship

    DM Consultants is a reputable and trustworthy investment and immigration agency. We are a reliable agency that will ensure a smooth application process for Spain residency by investment from Dubai. Our professional expert consultants will assist you in obtaining permanent residence in Spain.

    We can assist you and your family from the application submission to document preparation to ensure a smooth and seamless Spain citizenship program. Whether you reside in Abu Dhabi, Dubai, or Sharjah, we are here at your service.

    Here is how:

    Pre-requisite Check

    The Government of Spain has a rather rigorous process of managing and checking the applications, and the data filled are thoroughly verified. Any document with false or unclear information would result in the decline of the application. Applying through an experienced consultant helps prevent delays and disturbances.

    Application Submission

    Candidates can apply for a permanent residence card in Spain while staying in their country of residence. A successful visa will let them live in Spain for a year. After a year, they can apply for residence permit cards.

    Those who are staying in Spain on a tourist visa can directly apply for a Spanish residence permit that oversees the first condition.

    Background Check

    After submission, every application goes through a thorough check to ensure all information is correct and all documents are verified. Therefore, it is essential that the application is reviewed multiple times to ensure there is no hindrance to approval.

    Get in touch with us today. DM Consultants has the expertise and experience that guarantees a successful submission of application and approval.

    FAQs

    Applicant needs to invest in real estate to qualify for a Spanish Golden Visa, and they can rent it for income.
    Applicants need to spend at least six months every year in the country to qualify for Spanish citizenship and a passport for no less than ten years.
    To acquire Spain Golden Visa Citizenship, candidate can choose any of the following investment options:
    • Investing in property of at least €500,000 in Spain.
    • Invest €200,000 in Spain’s public debt.
    • Buy shares of a company worth at least €1,000,000 or deposit them in a bank in Spain.
    • Create jobs and add to scientific and technological innovation.
    Also, the applicant must:
    • At least 18 years old or above
    • Have a clean criminal record
    • Health insurance coverage in Spain
    • No rejection of Schengen visa in the past

    You can contact the concerned authorities in Madrid to acquire a residence permit. See that you apply for residency within 12 months from the grant of your visa or within 6-8 months with a minimum investment in real estate property. However, you need to complete the purchase.

    Under Spanish law, you will have a minimum of ninety days to obtain your residence permit after your Spanish Golden Visa expires.

    Yes, you can apply for a Golden Visa, which includes residency if you are willing to buy a house worth €500,000 and meet other criteria. There are a few other ways of investment to acquire residency and citizenship in Spain, such as:
    • A minimum investment of €1000,000 to get shares in companies in Spain
    • Invest twice as much the amount – a total of €2000,000 to get a Golden Visa for getting government bonds
    • Open a deposit account in a Spanish bank and transfer at least €1000, 000.
    In terms of Spanish citizenship application or permanent residence, there are no particular benefits for investors over residence permit holders. An investor can become a Spanish citizen by naturalization:
    • Investors have to move to the country.
    • Get a residence permit through investment,
    • In a few years, acquire permanent residence.
    • Apply for Spanish citizenship.
    • You have to clear two exams to ensure you know the Spanish language and the cultural and legal life in the country.

    Other resident permit holders have to reside in Spain for at least 183 days every year. For permanent residency, the stay has to be longer. However, an investor can learn Spanish as well as the culture and history. They can look for jobs, set up businesses, study, and do other activities in Spain.

    Some business practices have particular restrictions where you require a license, like medicine. Investors are required to visit Spain at the time of card renewal. They can also choose the residence site as an investor.

    Initially, the Spain Golden Visa is valid for a year or two. During this period, you have to enter the country to acquire a Spain residency permit. There are no stay requirements for renewal of residence permit. You just need to maintain your investment. Residence permit renewal requires investors to travel to Spain. They can become a permanent resident after living in the country for five years.