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SPAIN

INVESTMENT RESIDENCY PROGRAM (Residency by Investment)

Immigration Policy

The Spanish government in 2013 enacted a new immigration law allowing non-EU citizens to obtain residence permits via investment. Later in 2015, the Spanish government renewed the Immigration Act to allow three generations of a family to apply. The applicant is required to invest in real estate worth a minimum of €500,000. Qualifying properties can be residential, commercial, industrial, or agricultural land.

Application Requirements

    Main Applicant:

  1. Aged 18 years and above

  2. Non-EU and non-EEA (European Economic Area) citizen

  3. Purchase personal health insurance

  4. No criminal history

  5. Purchase a property worth at least €500,000

    Dependant Applicants:

  1. The legal spouse of the main applicant

  2. Children under 18 years of age

  3. Children above 18 years of age who are unmarried, studying, and financially dependent on the main applicant

  4. Dependant parents of the applicant or of their spouse

Residence Requirements

  1. The Investor Visa is valid for one year. The foreign investor can then apply for a residence permit which is valid for 2 years and renewable for 5-year periods upon residing in Spain for a minimum period of 183 days in a year or at least 50 months within 5 years.

  2. Application for Spanish citizenship is allowed after 10 years.

Advantages of the Program

  1. Language advantage: Spanish is widely spoken worldwide.

  2. Low barriers: no requirement as to language, due diligence check, language test, or academic qualifications.

  3. Quick approval: within 6 months.

  4. Broad usage: visa-free access to all Schengen regions with permission for working, studying, and doing business.

  5. High property value: easy to rent, and huge potential for property appreciation.

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