As one of the world’s most desirable countries to live in, it is no wonder that Spain residence permits are highly sought after. Investors choose to buy in Spain for its beautiful beaches, renowned gastronomy, historic cities, enviable climate and excellent quality of life, among many other reasons, including excellent travel links, one of the largest economies in the world, and an outstanding health care. Find out why you would choose to get a Spanish residency.
Real estate investment, state bonds, entrepreneurship or EU Blue Card... Which one is the perfect match for you to begin a new life in Spain?
If you are going to make an investment for real estate, the minimum required investment is €500,000 on the property. This type of investment should be free of any encumbrances and liens. This investment can include purchasing of various properties whose value will reach a minimum of €500,000
If you deposit 1 million euros in a Spanish bank or if you purchase 2 million euros of state bonds, you may also have residence permit in Spain.
Entrepreneurs who can contribute in a significant manner to the Spanish economy with a good business project also can benefit from this type of residence.
This type of residence permit is given for a period of two years. At the end of these two years, it can be renewed if you hold the same conditions.
Applicants that hold an EU Blue Card with longterm residency from any of the EU states automatically qualify for Spanish residency. To obtain permanent residency, an applicant must have stayed five uninterrupted years in Spain. Even living uninterrupted in one of the other EU states for a five-year period allows applicants to apply for long-term residency in Spain.
While the low tax rate attracts investors, five-year repeated residency pleases all potential residents.
Benefits of obtaining a residence permit in Spain include the low tax rates within a stable economic and political climate. Both the applicant and their spouse can work in Spain, with no presence required in Spain. A five-year residency can be repeated with no limits on how many times, with the benefit of a fast and easy renewal process. Spain also boasts outstanding international schools, and residents have visa-free access to top EU and Schengen countries.
In 2013, with Law of Entrepreneurs 14/2013, Spain introduced the Fast-Track visa for non-EU entrepreneurs, researchers, highly qualified professionals and investors. This allows for the applicant’s entire family to live in Spain as well as free travel throughout EU and Schengen region.