Spain’s passport is ranked as the 3rd strongest passport in the world. It allows visa-free access to over 175 countries. Spanish passport holders have the right to study, work, and live in any country in the European Union.
On the 27th September 2013, the Spanish Government introduced Law 14/2013, in support for entrepreneurs and internationalization, to give non-EU citizens and members of their families the opportunity to obtain a Temporary Residence Permit in exchange for carrying out Real Estate investments in Spain whose value exceeds € 500,000 Euros. The purchase can be made by an individual or through a legal entity (company) that is 100% owned by an individual but in either case, the purchase must be in full and free of any charge (without using a bank loan or mortgage).
The Temporary Resident Permits will also be granted to Spouses and any dependent children (under 18 years of age) but will not give the resident benefits such as free healthcare and education or other social benefits and so the investor and his or her family must have health insurance and be able to show sufficient financial resources to support themselves.
The Temporary Residence Permit is granted indefinitely but will require the Owner to visit Spain once each year to renew and to receive the replacement EU National Identity Card.
Spain is located on the Iberian Peninsula in South Western Europe. Its mainland is bordered to the South and East by the Mediterranean Sea to the North and Northeast by France, Andorra, and the Bay of Biscay and to the West and Northwest by Portugal and the Atlantic Ocean.
Spain. Officially the Kingdom of Spain is a sovereign state, a member of the European Union, Eurozone and the Schengen Agreement. Globally, Spain is also a member of the United Nations, the OECD and NATO. Spanish territory also includes the Balearic Islands in the Mediterranean, the Canary Islands in the Atlantic Ocean off the African coast, and is the fifth largest country in Europe.
Spain is a democracy organized in the form of a parliamentary government under a constitutional monarchy. It is a developed country with the thirteen largest economy in the world by nominal GDP and has high living standards with the tenth-highest quality of life index rating in the world.
The climate is primarily Mediterranean, featuring mild, wet winters and hot, dry summers, especially in the coastal areas and islands. The inland and mountain regions have a temperate climate with cold, snowy winters and hot, dry summers.
Spain’s capital is Madrid and the official language is Spanish and the currency is the Euro.
Spain is the third most popular tourist country in the world and it is not hard to see why. Every region has its own characteristics which are still very much influenced by the different cultures, languages, and geographies of the separate kingdoms that once ruled them, which in addition to all, the sun, sea and sand, explains why it is such a fascinating and popular holiday destination.
European Residency 6 months
Full family residency. You and your family enjoy European Residency status and all of its benefits
No need to reside in the country
Can lead to Spanish Citizenship after 10 years
If Citizenship obtained in the future, dual nationality allowed
Open to non-EU nationalities
The Spanish PR allows all holders to work in Spain
Allows free travel within Schengen area countries, no visa or further documentation required
No minimum stay period.
Renewable up to five years
Establish businesses, open bank accounts and expand investments worldwide
Holders of PR can keep their tax residence outside Spain
The residential properties may be used for profit (rental income) and it is not necessary to occupy the properties.
The Spanish PR extends to spouses and dependent children (under 18 years of age).
Adult children above 18 years of age qualify as long as they prove financial dependency.
Parents of the main applicant also qualify as long as they prove financial dependency.
The Spanish Residence Permit allows all holders to work and study in Spain.
Permanent Residency Timeline: 6 months
Citizenship Timeline: Within 10 years
Nationalities supported: Open to all non-EU nationalities
Investment type: Real Estate
Investment cost: € 500,000