How can I get residency in Spain?
Published at: 04/10/2019 02:48 pm
Foreigners can get residence permits in Spain in exchange for various investments. The EU Member State Spain attracts applicants with affordable investments, the quality of life and the best weather in Europe.
Advantages of the Spanish residency by investment programme
- Investor residents of Spain can live in the country and stay in the other EU Member States of the Schengen zone visa-free.
- Family members can obtain the residence permit as well, including adult children and dependent parents.
- Temporary residents of Spain do not have to live in the country. The physical residency obligation is only one day.
- The residents of Spain can become permanent residents and can later obtain the citizenship of Spain.
How to get permanent residency in Spain?
Investors get temporary residence permits at the beginning of the program. They can apply for the permanent resident status after five years. During the initial five years, the residents can stay outside of Spain for more than six months per year, and this issue will not prejudice their right to obtain the pr permit. If you wish to become a Spanish citizen, then your primary business interest must be located in the Iberian country.
Residency in Spain by buying a house
There are three main options to become a Spanish resident through investment.
1. You can invest 500,000 euros in a residential or commercial property.
2. You can buy the shares of a local company or making a bank deposit of minimum one million euros.
3. You can buy state bonds for at least two million euros.
How to apply for residency in Spain?
Our expert colleagues are waiting for your calls or messages to set up a free consultation. You can find here all the detailed and practical information on the Spanish Golden Visa Programme.
Residency in Spain and tax
Generally, you will become a fiscal or tax resident of Spain if you spend there more than 183 days per year. The other reason to pay Spanish taxes if the base of your professional and economic activities is in Spain. The last issue is that if your spouse and children are living in Spain.