Permanent Residence In Spain
On September 27, 2013, the Spanish government approved a new immigration law, providing an opportunity for foreign investors to obtain a residence permit through the execution of an investment.
On July 31, 2015 there were some changes to this act, allowing the whole family of 3 generations to participate in the investment program.
The following options are available for obtaining a residence permit through investment:
- Purchase real estate from 500,000 euros *;
- Investment in government bonds in the amount of 2 million euros;
- Cash deposit in a Spanish bank in the amount of 1 million euros;
- Investing in shares of companies in Spain in the amount of 1 million euros;
- Start your own business and create jobs.
* There is no restriction on the type of real estate (land, residential, commercial, industrial, agricultural land, factory area), as well as the number of properties allowed to buy.
SPAIN D-VISA CATEGORY
To participate in this program, the main applicant must meet the following conditions:
- Over 18 years old;
- No criminal record in any country;
- There is no ban on entry to Spain or another state with which Spain is a signatory to the relevant treaty;
- Not an EU citizen;
- Have an annual public or private health insurance policy in Spain;
- Have enough capacity to support personal and family life.
The whole family of 3 generations participates:
- Main applicant;
- Legal spouse of the applicant;
- Children under 18 years old (over 18 years old must be financially dependent on their parents, unmarried);
- Parents are dependent on the applicant.
- Residency: D Visa (1 year) + 2 years + 5 years. After 5 years it is possible to get permanent residency if the applicant has met the residency requirements in the country (4 years and 2 months in the last 5 years).
- Citizenship: after 10 years of residence in Spain.
For real estate: investors must keep the property for 5 years – until a permanent resident card is obtained. Real estate can be sublease.