Spain launched its Golden Visa programme in 2013, so Your investments are only applied if done after 23 September 2013. An investment of €500,000 in real estate will gain You the family residence. The Spanish investor visa can be renewed every two years. After five years it is possible to gain permanent residency and after ten years &mdash citizenship.
Permanent Residency and Citizenship
It is possible to apply for permanent residency in Spain after living in the country for five years. Citizenship can be applied for after living full time for ten years. Although the temporary residency permit (the golden visa) can be easily renewed without living in the country, the route to both permanent residency and citizenship requires the investor and their family to reside in Spain. Some investors consider the option of Portugal where such residence is not a requirement.
Property Investment
After several years of the price declines real estate is now at an attractive level of prices. The Spanish property market offers considerable potential for capital gains in the coming years. Investors need to consider their purchase carefully. There are many offers on the market from developers and banks but the location and property type are critical to the success of the investment. Investors needing our services may wish to check our procedure or read more detail for the golden visa programme in Spain.
Compare Golden Visa Programmes
Spain is not the only country in Europe offering a golden visa programme and residence permit through real estate investment. Visit our pages on Portugal to compare the immigration investment requirements and benefits of its golden visa residency programs and also the citizenship by investment programs in Cyprus and Malta.