Your Complete Guide
Do you want to learn more about citizenship by investment in Spain? As leading experts in Spanish property investment, we’re the perfect team to help. Here’s everything you need to know about the citizenship by investment programs Spain has to offer, and how we can work with you to make the process as smooth and straightforward as possible.
What is Citizenship by Investment in Spain?
Citizenship by investment in Spain is also known as the Golden Visa program. It is a residency permit that grants non-EU citizens the right to live and work in Spain in exchange for a significant investment in the country. This program was introduced in 2013 to attract foreign investment and stimulate the Spanish economy, and is a great way for those looking to invest in property to also gain some residency rights.
What Kind of Investment Do I Need to Make?
There’s so much information out there on how to get citizenship by investment in Spain, and there are a number of different options available to those pursuing it. Investing in businesses, government bonds, or depositing money into a Spanish bank are all viable options – but we’re here to talk about property. If you want to obtain a Golden Visa, then you need to invest a minimum of €500,000 in Spanish property. This could be anything from an apartment to a commercial premises.
Spanish Citizenship by Investment Criteria?
In addition to being able to invest €500,000 or more in Spanish property, there are some other criteria you will need to meet if you want to secure citizenship by investment. You will need to have:
- A clean criminal record
- Enough funds and adequate healthcare to cover your stay
- No previous Schengen visa refusals
What are the Benefits of the Spanish Golden Visa?
When it comes to citizenship by investment, Spain is a leading choice for a number of reasons. You’ll benefit from full family residency for your spouse, dependent children and dependent parents. You do not have to prove your Spanish proficiency at any level – perfect if you are planning to pick up the language at a later date.
In terms of permanent residency, this is a great pathway to obtaining that. You and your family can gain permanent residence status after five years of continuous residence in the country and may gain Spanish citizenship thereafter. If you don’t want to become a Spanish citizen and just want a European bolthole, then it’s great in that regard too. You don’t have to live in the country, just visit every two years at a minimum to renew the visa. So, it offers plenty of flexibility!
We’re Here to Help
Here at Luux Venture Group, we have a wide array of properties for clients to take their pick from. If you are interested in the Spanish Golden Visa, then we will be able to point you in the direction of investments that will allow you to meet the criteria. We’re well aware of the complexities and challenges involved in buying a property overseas and will be on hand to guide you through the entire process, providing expert advice at every stage.
Get Started Today
If you want to find out more about the citizenship by investment process for Spain, or just want to browse our range of properties, please get in touch with the team today. We would love to hear from you and get your dream of owning a home in Spain one step closer to reality.
FAQs
Spain’s Golden Visa programme is often talked about as an easy route to residency—but how does it differ from citizenship by investment? It doesn’t at all! They are the same thing, so if you have been looking into the Golden Visa you have done some of your homework already!
We know that negotiating the complexities of overseas property investment can sometimes be challenging, and that is why we are here to help. Whatever information you need, we’re here to explain your options as plainly as possible. When you choose us, you can say goodbye to confusion.
The scheme isn’t open to everyone, and Spain has strict rules on who can apply. To gain citizenship by investment in Spain, you need to be able to meet the following criteria:
– A clean criminal record
– Sufficient funds and healthcare to cover their stay
– No previous Schengen visa refusals
If you are able to prove all of the above, you’re ready to begin investing in property. You will need to invest real estate with a minimum value of EUR 500,000. This can be one or several properties, so there is an opportunity to build a portfolio if you want to generate rental income.
The scheme is highly cost-effective in that both government and renewal fees are low. It’s also one of the quickest ways to secure a residency permit. Once you have obtained residency, you will be able to enjoy Visa free travel throughout the EU Schengen zone.
After 10 years of residence in Spain, you are able to apply for full citizenship. If you are planning to make Spain your permanent home, the citizenship by investment scheme is a great way to lay the foundations for your move and become a fully-fledged national.