Situated
in Southwestern Europe, Spain is regarded as one of the world’s most popular
holiday destinations. It is a vibrant country admired for its majestic
landscapes and excellent quality of life and a nation with a rich history and
unique culture and traditions. Spain has one of the most important economies in
Europe. It is also a full member of the EU and the Eurozone.
Benefits of a Spanish golden visa
The Spain Residence by Investment Program
Spain is
one of the most desirable destinations worldwide and is a highly sought-after
location for investors. The country attracts millions of visitors every year
with its amazing nature, beautiful beaches, diverse culture, and rich history.
For those who wish to reside in this lively country, the Spain Residence by
Investment Program is the most efficient way to acquire such status. The
Spanish government has allowed for a substantial number of visas for
individuals who wish to make a significant, qualified investment into the
country that would boost the economy through foreign direct investment.
Under the
residence by investment program, individuals and their immediate family members
can become residents of Spain (through a temporary residence permit) within
less than a month. Subject to general immigration rules and requirements,
residents by investment can acquire permanent residence status after five years
of continuous residence in Spain, and may gain Spanish citizenship thereafter.
The Spain
Residence by Investment Program is ranked 7th out of 26 programs on the 2023
Global Residence Program Index.
Spain golden visa requirements
The Spain
Residence by Investment Program requires that a foreign individual fulfills one
of the following investments in the country:
Documentary
evidence of the investment must be provided as part of the application process.
Procedures and time frame of the Spain golden visa
Applications
to the program must be made through the prescribed forms and must be
accompanied by the appropriate fees and supporting documents. Residence permits
are usually issued after a 20-day consideration period and have an initial
duration of three years, renewable for five years upon request, provided that a
minimum investment in Spain is maintained by the applicant.
The application process comprises two stages:
The
residence permit applies to the main investor, spouse or partner (including
unmarried or same-sex unions), and all economically dependent descendants.
There is no minimum stay requirement to maintain residence status but obtaining the first residence permit requires a visit to Spain.
Citizenship
Residents
may apply for citizenship only in their 10th year of residence in Spain.
However, Sephardi Jews and citizens of Equatorial Guinea, Latin America, and
the Philippines can apply for Spanish citizenship after only two years of
effective residence in Spain. Dual citizenship restrictions apply to most
foreign nationals.
Piptan International Inc. is dedicated to assisting individuals and families in becoming Global Citizens by investing in second residency and citizenship options worldwide.