Investment Residency Legal
Investment residency Legal
If you’re considering making a real estate investment in Spain to obtain residency, our services will assist you to follow these step-by-step guidelines to navigate the process successfully:
Research and Familiarize Yourself
Define Investment Goals
Engage Legal and Financial Professionals
Obtain a Spanish Tax Identification Number (NIE)
Secure Financing (Minimum freehold investment required, 500,000€)
Property Search and Due Diligence
Purchase Agreement and Deposit
Complete the Transaction
Apply for Residency
Ongoing Compliance and Maintenance
By following these steps and seeking professional advice, you can make a real estate investment in Spain that not only offers potential returns but also opens doors to residency in this beautiful country.
Once you’ve made an investment in Spain and now seek to obtain residency, you will work with a solicitor to follow these steps:
Investment Evaluation
Research Visa Options
Gather Required Documentation
Consult with Legal Professionals
Submit Application
Application Review and Approval
Residency Permit Issuance: Upon approval, you will be issued a residency permit, allowing you to legally reside in Spain. The duration and conditions of the permit will vary depending on the specific visa category and investment made.
Residency Registration
Renewal and Compliance
Path to Permanent Residency/Citizenship
By following these steps and seeking appropriate legal guidance, you can navigate the process of obtaining residency in Spain after making your investment. Remember to stay informed about any updates or changes to immigration regulations to ensure a smooth and successful application process.
GOLDEN-VISA in SPAIN
• Visa-free travel in Europe’s Schengen Area and the right to live, work, and study in Spain
• Eligibility to apply for citizenship after five years as a legal resident while keeping other citizenship(s)
• Low physical presence requirement (seven days during the first year of residence and 14 days for the two subsequent years, which can count towards citizenship eligibility after five years)
• Excellent international and Spainish schools and universities
• High quality of life, local cuisine and wines, rich culture, mild climate, and a high level of security
• International quality healthcare clinics and hospitals
Aside from the required noted investment, the first applicant must be able to prove a monthly income of at least 4 times the MINIMUM MONTHLY INCOME (M.M.I) (532€ x 4), including an additional 532€ per additional family member.
For example, a family with 3 members will have to prove a monthly income of 6 times the M.M.I, or approximately 3,200€ per month.
You are also required to have a bank account with enough funds for the duration of your permit.
Finally, you are required to have a clean criminal record in the country where you have lived in the last 4 years and private medical insurance, in Spain.
Applicants can choose a property acquisition to obtain a Golden-Visa in Spain:
This acquisition should be a minimum of EUR 500,000 freehold property investment
Investor residency has 3 periods of validity. The initial visa, if applied through the Consulate, is valid for 2 years, followed by a 5-year residency permit and then with Residency Permits with periods of 5-years validity. If the application is made from Spain whilst on a visit, the authorities will grant the 2-year residency permit directly, followed by a permit in 5-year residency periods.
It is also possible to become a permanent resident and then apply for Spanish Citizenship (10 years of residency).
According to the law, the Consulate has 10 days to approve the permit from application (provided the right documents have been submitted for a Spanish Residency).
This is not required. The only permanency criteria for renewal of the visa permit to residency permit, is to have travelled to Spain at least once (during the initial visa permit).