Your Guide to Citizenship by Investment
Citizenship by investment in Spain is one of the most popular ways to gain residency in this popular European country. Whether you are looking to set up shop immediately or are thinking of making a permanent move there in the future, here is what you can expect from Spain’s citizenship by investment scheme, also known as the Golden Visa.
What is Citizenship by Investment?
The Spanish citizenship by investment programme allows non-EU citizens to gain residency in Spain by making a significant investment in the country – and in this article, we will be focusing on property. A minimum investment of €500,000 in residential or commercial property qualifies you for the Golden Visa, and the great thing about Spain is that there is something to suit everyone! Whether you’re looking in a city or along the coast, you’re sure to find something that meets your needs.
Benefits of Citizenship by Investment
There are a number of benefits to obtaining citizenship by investment in Spain, such as:
Access to the Schengen Area
One of the biggest advantages of the scheme is the freedom of movement it offers within the Schengen Area. Holders of this visa can travel without the need for additional visas to 26 European countries, making it a great option for everyone from businesspeople to lovers of travel!
Residency for Family Members
The Golden Visa isn’t just for the main investor; it extends to immediate family members as well. Spouses, children and dependent elderly parents can all be included in the visa application, so your family can stay together and enjoy all that Spain has to offer.
A Pathway to Citizenship
The programme offers a clear route to permanent residency and, eventually, citizenship. After five years of meeting your residency requirements, you can apply for permanent residency. After ten years, you may be eligible for Spanish citizenship, provided you meet the necessary criteria.
No Requirement to Reside Permanently
Unlike many residency programmes, the Spanish scheme does not demand that you live in Spain full-time to maintain your residency status. All you need to do is visit Spain once a year, offering incredible flexibility for those who aren’t ready to make a permanent move just yet.
The Application Process
Applying for the Spanish Golden Visa is a straightforward process, and the ease and speed of the application is what draws many people to it. Once you have purchased a property, you need to provide proof of your investment. This will generally be the needs of sale. You’ll also need to provide documentation including proof of your current residency in a non-EU country, health insurance and clean criminal records. Working with a specialist in Spanish property investment will ensure that nothing is missed and that your application can be submitted with peace of mind.
Start Exploring the Process Today!
The Spanish Golden Visa offers a huge range of benefits, so why not start exploring what it could mean for you today? With news that the scheme is set to be wound down in the coming years, there’s never been a better time to seize the opportunity!
