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Spain Investment Immigration Programs Overview

When Spain was left with a surplus of housing after the 2008 collapse of its real estate market, it got creative. The result is a residency-by-investment program that aims to attract foreign buyers for those homes, many in coastal tourist areas, which are largely owned by the banks.

 

But since the country’s unemployment rate remained high, especially among youths, the program is geared toward those who can create jobs. Especially targeted are investors and entrepreneurs as well as those who pack with them enough savings or income to support themselves and contribute to the local economy.

 

But that income, even if it originates elsewhere, is subject to tax in Spain. A Spanish permanent residency visa assumes you will spend at least six months out of each year in the country, the same amount of time that allows Spain to tax your worldwide income.

 

You don’t actually have to reside in Spain but can travel throughout the rest of Europe’s 26-nation Schengen Area with your residency visa, though not work there. Should you choose to live in Spain continuously for 10 years, you may apply for Spanish citizenship, which requires renouncing your previous nationality, demonstrating you are financially stable with no criminal record, and proving you have integrated sufficiently into Spanish society.

 

The price tag for residency can run from a few thousand to 2 million euros. Processing typically takes at least three months, depending on the visa applied for. Foreigners approved for residency may bring a spouse or domestic partner, children under 18 and adult dependents enrolled in school.


How To Apply

Fill In The
Required Form

After passing general assessment qualification, GIIS expert consultant will help you to select the right application form with filling assistance.

Submit Your
Original Documents

Our expert Senior consultant will provide you the document list & guideline to prepare the documents.

Get The Visa
Resource Material

After fulfilling all the requirements, GIIS International Government licenced lawyers will process your visa to travel to your dream country.


Business Visa Benefits

  • Spain may be granted Citizenship to the principal applicant and family members.
  • Visa-free travel to 188 countries including USA, UK, and Canada.
  • Live and Work freely in any of the 27 European Union countries.
  • The Applicants is not required to stay in Spain after obtaining the Passport, which exempts him/her in this case of the nation's taxes.
  • Dual Citizenship is allowed under this program only.

About The Country

In exchange for the high taxes and the long wait for citizenship, Spain offers foreigners one of the best climates in Europe, with the southeastern coast enjoying an average of 320 sunny days a year and little rainfall.

 

The country is second in the world in UNESCO World Heritage Sites. It has famous beaches and excellent skiing, as well as food and wine revered throughout the world.

 

Property and living expenses tend to be noticeably less costly in Spain than in its European neighbors. The country is recognized for some of the best international schools on the continent as well as excellent health services – both open to expatriates.

 

The nation boasts several international airports, well-maintained roads and efficient rail systems, including the high-speed AVE trains.

 

Spain’s economy ranked sixth largest in Europe in 2017, with exports and tourism leading the way out of recession. Spain’s property market has been recovering since prices bottomed out in mid-2014, though prices continue to be 30 percent to 40 percent below those in the UK, for example.

Frequently asked Questions

  • 1. What is a second/dual Citizenship?

    The possession of an additional passport (second passport) to the one you already have, offered by the country’s government through investment immigration programs.

  • 2. What benefits do I get by possessing a second passport?

    A second passport gives you the freedom of mobility (international visa-free travel). As a holder of two passports, you will be allowed to choose where to live, work, and study in both countries, and benefit from the two government services and other opportunities that each country may offer. In addition, a second passport opens the way to international financial services and legal tax reduction, and above all, you will be able to pass on multiple citizenships to your future children and grandchildren.

  • 3. What are the eligibility requirements to obtain a second citizenship through investment?

    Eligibility depends on the program requirements of your country of choice. In terms of residency requirements, some countries grant citizenship when the applicant resides in the destined country as a permanent resident for a specific period of time, while other countries grant citizenship directly (fast-track) through investment programs.

  • 4. Do I have to visit or live in the country of choice in order to get citizenship?

    Some countries require a minimum period of physical residence while other country programs require only a visit, and sometimes the applicant isn’t required to spend any time in the country.

  • 5. Are my spouse and children granted a second citizenship as well?

    Yes, your spouse and your dependent children (age conditions apply depending on the country) are included in the application. Some country programs include the dependent parents of the main applicant as well.