Spain
Residency by Investment Program
About the program
The Spanish government passed a law in 2013 to launch the residency by investment program.
To be able to apply for this program, you should be at least 18 years of age, in good health, and without a criminal record.
In addition, you are required to make a real estate purchase, invest in debentures or shares, or launch a business project in the country.
Investment Options
Real estate: EUR 500,000
A real estate purchase in a minimum designated amount is necessary.
Additional Costs
In addition to the purchase of real estate, there are additional purchase fees to be paid:
Property Transfer Tax: 10% of property price
Property Income Tax (Annual): Approx. 1.1 – 2%
Tax on Real Estate: Dependent on area
Spain Golden Visa: EUR 70 per applicant
Spain PR Card: EUR 70 per applicant
Benefits
The benefits of obtaining residency in Spain, among others, include becoming a permanent resident or citizen of Spain after five years as a temporary resident. Additionally, living and work in Spain freely; including family members, such as spouse or partner, dependent children and dependent parents in the same application and extending the benefits to them plus visa-free travel within the Schengen member states.