The Spanish Golden Visa Program
The Golden Residence Permit was launched by the Spanish government in 2013 in order to attract foreign investment into Spain and in exchange, offer permanent residency to investors and their families. The program is very similar to that of Portugal, however, it has not run very smoothly and we would suggest speaking to one of our advisors before considering this program.
Acquiring Residency in Spain
After living in the country for 5 years it is possible to apply for Spanish permanent residency and citizenship after 10 years. The Golden Visa is a temporary residency permit and must be renewed.
The residency permit gives the holder visa free travel to all the Schengen zone countries.
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EUR 500 000 into real estate.
Spain is officially known as the Kingdom of Spain.
NATO, EU, UN, Eurozone, OECD, CoE, WTO, Schengen Area
46.4 million (2015 est.)
505 990 km2
TRAVEL AND BENEFITS
The Golden Residence Visa offers the investor and his/her family the right to live, study and work in Spain.
In addition, it allows the investor to spend a maximum of 90 out of every 180 days in any of the Schengen zone countries allowing freedom of travel and mobility in most of the EU. With both the Golden Residence Visa and PR, the applicant and his family can immediately travel visa free to all the Schengen countries.
Please note that Spanish residency does not give the right to live and work in Europe, only a Spanish citizenship will give this freedom and access.
The Spanish culture has very strong family ties. In accordance with current legal provisions, investors in the Golden Residence Permit have the right to what is referred to as family regrouping. This means the main applicant can include his spouse, dependent children as well as dependent parents in the application.
Spain - Country Info
Spain, officially the Kingdom of Spain, is a sovereign state in Europe that lies on the Iberian Peninsular in Southwestern Europe. It also includes two large archipelagos, the Belearic Islands in the Mediterranean Sea, the Canary Islands off the North African Atlantic coast, two cities in the North African mainland: Ceuta and Melilla, as well as several small islands in the Alboran Sea off the coast of Morocco. It is the only European country to have a border with an African country and its African territories make up 5% of its population. Spain is the largest countries in Southern Europe and by population, the 6th largest in Europe.
Spain is a democracy, which is organised in the form of a parliamentary government and operates under a constitutional monarchy. The current kind of Spain is Felipe VI from the House of Bourbon.
According to the EIU Democracy Index, Spain is one the 20 full democracies in the world.