Spain

Residence permit in Spain through property investment

 

PROGRAM OVERVIEW
The Spanish golden visa program offers a real estate investment route to gaining residency in Spain. The program in Spain has been in operation since September, 2013.

REQUIREMENTS
In addition to the real estate investment applicants will need a clear criminal record, medical insurance and sufficient economic means to cover any stay in Spain. Also applicants must not have previously been refused visas or entry into the Schengen zone. Applicants satisfying such criteria are granted the golden visa in Spain.

TRAVEL
The Spanish residence permit gained through the golden visa allows freedom of travel throughout the EU Schengen zone.

BENEFITS
Applicants gain the right to live in Spain with the golden visa although there is no requirement to do this. With the residency card all family members will have freedom to travel to and throughout the EU Schengen visa zone with ease and without further visa applications

PERMANENT RESIDENCY AND CITIZENSHIP
It is possible to apply for permanent residency in Spain after living in the country for five years. Citizenship can be applied for after living full time for ten years.

Although the temporary residency permit (the golden visa) can be easily renewed without living in the country, the route to both permanent residency and citizenship requires the investor and their family to reside in Spain. For this reason the Spanish Golden Visa programme is popular with those applicants who either wish to reside full time in Spain or simply maintain a second residency in Europe but without a path to citizenship.

BMP Global offers a comprehensive support of the process of obtaining a residence permit for those who are planning to purchase property in Spain for further obtaining a residence permit.