Immigration to Spain

 

Immigration to Spain

 

Spain barely needs an introduction. Spain is known for having one of the oldest and richest cultures in the world .A miscellaneous of beauty. Old and modern. Sophisticated and popular, Holy and secular. The diversity and fascination of its cultures attracts. The historic heritage glares. The vibrant power of its people fascinates

Spain boasts one of the greatest collections of historical and architectural monuments in the world, as demonstrated by the fact that it is the country with the second highest number of UNESCO World Heritage titles.

WHY TO CHOOSE SPAIN?

Foreign investors have a number of options that grant them entry and residence in Spain through a unique immigration opportunity, the immigration to Spain through Golden Visa Program which presents the option of citizenship by economic investment. Late in the year 2013 , the Spanish Government approved its long anticipated investors visa that is kept to non EU foreign national who are investing by purchasing Real estate property , investment in government bonds or in shares in private companies or undertake a Spanish business project.  The designated Spain citizenship by investment program offer non EU applicants and theirs families the opportunity to attain the right to live in Spain and travel visa free travel within the 26 EU countries that signed the Schengen Convention.

OPTIONS
  • Foreigners entering Spain for the purpose of capital investment may apply for a resident visa for investors. For a capital investment to be considered as significant one of the following criteria must be fulfilled by the applicant;
  • Acquisition of real estate with a minimum value of € 500,000. The relevant real estate assets shall be free of liens, at least up to the minimum value of € 500,000. Co-ownership of real estate also qualifies, provided that the individual investment made by the applicant of the Golden Visa amounts to € 500,000 (free and clear);
  • Investment of € 2 million in Spanish government bonds; € 1 million in shares of Spanish companies; € 1 million euros in investment funds, closed-ended investment funds or private investment (venture capital/private equity) funds incorporated in Spain2; or deposit of € 1 million in a Spanish bank account;

ELIGIBILITY

  • The applicant must be 18 years or older. Spanish residency visa may be issued to children up to 18 years, economically dependent adult children and economically dependent adult parents;
  • Minimum investment must be at least Euro 500, 000.
  • Investments may be spread over several properties but total purchase price must be Euro 500, 000;
  • Investments may be done via a privately owned company as long as there is sufficient proof of majority stake;
  • Not to have been refused entry in any of the Schengen countries;
  • Have public and private health insurance recognized in Spain;
  • Have sufficient economic means to cover personal and family living expenses.

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