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  • SPAIN
  • Residency by Investment

SPAIN

Spain is a country located in southwestern Europe with population of 46.5 million People. The country has 505,990 km2and is an EU member state since 1986. Spain with its cultural diversity is one of the most visited countries in the world. In recent years a lot of EU member states had a real estate crisis. One of the most efficient ways to eliminate this kind of crisis was to launch new investment residency program which encouraged investors outside the EU to invest in real estate, job creation and public debts.

Spain launched its investment visa program in 2013 and undergone several changes in 2015. According to this program, the investor and his/her family members can obtain golden visa (temporary visa)immediately after he/she buys a real property of any kind (commercial, land, living etc…) worth more than 500,000 Euro. The visa falls into a temporary category and is renewable in every two years.Spanish golden visa is a way to permanent residency after 5 years and to citizenship after 10 years. During the golden visa period investor is not obliged to reside in country. After five years, when investor obtains permanent residency then he/she is obliged to reside in Spain minimum 183 days per year. One of the disadvantages of this program is that an investor is obliged to reside in Spain after obtaining permanent residency. Therefore a lot of investors prefer to apply Portuguese Golden Visa program, as it does not require staying in the country.

Key facts and Application Procedure:
  • The application can be submitted immediately after signing the purchase agreement of the real estate.
  • The investor must put the necessary funds in Spanish Bank.
  • The investor must have a clear criminal record, must not have any previous refusal of Schengen visa or entry to Schengen zone.
  • After all of these issues mentioned above, the application procedure just takes 10-15 days.
  • The Spanish Golden visa gives investor and his/her family member’s free access to all EU and Schengen zone countries.

The program stipulates that spouse and children under 18 years old can also apply for the program. Children, who are more than 18 years old, can only apply if they are dependent on their parents.

Investor does not have to pay taxes for their worldwide income, if they do not reside in Spain for more than 183 days per year. For those who does not reside in the country, the income tax is 24,5 % for any income derived in Spain (For example rental income). The program also stipulates that, in case if applicants want to live in Spain on full time basis, he/she and his/her family members will be entitled to enjoy medical insurance and public schooling. In addition, it has to be mentioned that majority of the schools are based on Spanish curriculum, but there are a lot of English language schools too.

Capital

Madrid

Location

Located in the continent of Europe, Spain shares land borders with 5 countries: Morocco, Gibraltar, Andorra, France, Portugal.

Language

Spanish

Currency

Euro[f] (€) (EUR)

Government

Unitary parliamentary constitutional monarchy

Area

505,990[5] km2

Population

46,468,102

Time Zone

CET (UTC+1) WET (UTC), Summer (DST) CEST (UTC+2) WEST (UTC+1) Note: Spain observes CET/CEST, except the Canary Islands which observe WET/WEST

  • Reasons to choose Spain?

    • Amazing history, culture and food
    • Visa free travel for the applicant and his/her family members in EU and Schengen zone
    • No mandatory stay requirement in the country
    • The applicant does not need to become a tax resident in Spain
    • Only investment, no contribution
    • The investor golden visa will be issued on investors family members (children up to 18 years old)
    • Opportunity to get permanent residence permit in 5 years (mandatory rule is that the investor must live more than 6 months per year in Spain
    • Citizenship can be applied after 10 years
    • Process is very straightforward and government fees are low
  • Visa Free

    Visa-Free/Visa-on-arrival: Albania, American Samoa, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Austria, Bahamas, Bahrain, Bangladesh, Barbados, Belgium, Belize, Bermuda, Bolivia, Bonaire, Sint Eustatius and Saba, Bosnia and Herzegovina, Botswana, Brazil, British Virgin Islands, Brunei, Bulgaria, Burkina Faso, Cambodia, Cape Verde, Cayman Islands, Chile, Colombia, Comoros, Cook Islands, Costa Rica, Croatia, Curaçao, Cyprus, Czech Republic, Denmark, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Estonia, Ethiopia, Falkland Islands (Malvinas), Fiji, Finland, France, French Guiana, French Polynesia, Gambia, Georgia, Germany, Gibraltar, Greece, Grenada, Guadeloupe, Guatemala, Guyana, Haiti, Honduras, Hong Kong, Hungary, Iceland, Indonesia, Iran, Iraq, Ireland, Israel, Italy, Jamaica, Japan, Jordan, Kazakhstan, Kiribati, Kosovo, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Lithuania, Luxembourg, Macau, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Montenegro, Montserrat, Morocco, Mozambique, Namibia, Nepal, Netherlands, New Caledonia, New Zealand, Nicaragua, Niue, Norway, Oman, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Poland, Portugal, Qatar, Romania, Réunion, Saint Barthélemy, Saint Kitts and Nevis, Saint Lucia, Saint Martin (French part), Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Samoa, Sao Tome and Principe, Senegal, Serbia, Seychelles, Singapore, Sint Maarten (Dutch part), Slovakia, Slovenia, Solomon Islands, South Africa, South Korea, Suriname, Swaziland, Sweden, Switzerland, Taiwan, Tajikistan, Tanzania, Thailand, Timor-Leste, Togo, Tonga, Trinidad and Tobago, Tunisia, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates, United Kingdom, Uruguay, Vanuatu, Venezuela, Vietnam, Wallis and Futuna, Zambia, Zimbabwe

    Electronic Authorization: Australia, Canada, Gabon, Guam, India, Kenya, Myanmar, Norfolk Island, Northern Mariana Islands, Puerto Rico, Sri Lanka, Turkey, U.S. Virgin Islands, United States

    Visa required prior to arrival: Afghanistan, Algeria, Angola, Azerbaijan, Belarus, Benin, Bhutan, Burundi, Cameroon, Central African Republic, Chad, China, Congo Republic, Cuba, Côte d'Ivoire, Democratic Republic of the Congo, Equatorial Guinea, Eritrea, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Mongolia, Nauru, Niger, Nigeria, North Korea, Pakistan, Russia, Rwanda, Saudi Arabia, Sierra Leone, Somalia, South Sudan, Sudan, Syria, Turkmenistan, Uzbekistan, Yemen

    Entry denied: Libya

98.7
VISA FREE

6.6
ECONOMIC STRENGTH

77.4
HOUSING

67.3
COST OF LIVING

83.6
DOING BUSINESS

82.8
SAFETY & SECURITY

60.0
EDUCATION

87.4
HEALTHCARE

97.2
ENVIRONMENT

63.7
GROWTH RATE

  • MOBILITY: The number of countries you can travel visa-free.
  • ECONOMIC STRENGTH : How strong country’s economic is.
  • HOUSING: Prices of housing and real estate.
  • COST OF LIVING: How cheap goods and services are.
  • BUSINESS: Easiness of doing business.
  • SAFETY & SECURITY: Crime rates in the country.
  • EDUCATION: Primary and secondary education level.
  • HEALTHCARE: Healthcare system development.
  • ENVIRONMENT: Quality of country’s environment.
  • GROWTH RATE: How fast economic is growing.

CITIZENSHIP BY INVESTMENT PROGRAMS

ANDORRA

Residency By Investment

AUSTRALIA

Residency By Investment

BAHAMAS

Residency By Investment

BULGARIA

Residency By Investment

CANADA

Residency By Investment

COSTA RICA

Residency By Investment

GREECE

Residency By Investment

IRELAND

Residency By Investment

JERSEY

Residency By Investment

MALAYSIA

Residency By Investment

MONACO

Residency By Investment

MONTSERRAT

Residency By Investment

NETHERLANDS

Residency By Investment

NEW ZEALAND

Residency By Investment

PORTUGAL

Residency By Investment

SINGAPORE

Residency By Investment

SPAIN

Residency By Investment

SWITZERLAND

Residency By Investment

THAILAND

Residency By Investment

TIER 1 INVESTOR VISA UK

Residency By Investment

TURKS AND CAICOS

Residency By Investment

USA EB-5 VISA PROGRAM

Residency By Investment



 

ST. KITTS & NEVIS

Kennylin House, New Street
Basseterre, St. Kitts KN.


P.O.BOX
440

Tel
+(1869) 465 2878

Fax
+(1869) 465 6077

Email
skn@bayatgroup.com


 

ANTIGUA & BARBUDA

Roberts Building 60 Nevis Street,
St. John’s, Antigua.


P.O.BOX
1301

Tel
+(1268) 462 0076

Fax
+(1268) 462 3077

Email
atg@bayatgroup.com


 

MONTREAL (CANADA)

3418 Stanley Street #R1
Montreal, Quebec, Canada H3A 1R8.

Tel
+(514) 845-0232

Fax
+(514) 845-0203

Email
mtl@bayatgroup.com


 

NEW YORK (USA)

1Barker Ave, White Plains,
NY 10601, United States.

Tel
+1 914-793-2626

Email
mtl@bayatgroup.com


 

PARIS (FRANCE)

91 , Rue de l' Université
75007 France.


Tel
+335 385 93 00

Fax
+334 551 0119

Mob
+336 801 7808

Email
paris@bayatgroup.com


 

DUBAI (U.A.E)

Suite 2302, Al Moosa Tower II, Trade
Centre area, Sheikh Zayed Rd, Dubai, U.A.E.


P.O.BOX
32422

Tel
+(9714) 355 4646

Mob
+(97150) 624 4646

Fax
+(9714) 355 2357

Email
dxb@bayatgroup.com


 

ABU DHABI (U.A.E)

Level 17, The Offices World trade Center Central Market, Al Markaziya, Abu Dhabi, UAE.


P.O.BOX
3876

Tel
+971 2 654 4086

Mob
+971 52 450 5922

Email
aud@bayatgroup.com


 

KUWAIT

Sahab Tower, level 18 Salhia,
Kuwait city, Kuwait.

 

Tel
2227 3887


 

ROSEAU (DOMINICA)

14 Great Marlborough, Roseau,
Commonwealth of Dominica.

Tel
+1 (767) 612 8290

Mob
+(1 767) 277 8399

Email
dom@bayatgroup.com


 

BEIRUT (LEBANON)

Suite 2029, Louis Vuitton Building
Allenby St. Beirut Souks Area,
Beirut, Lebanon

 

Tel
+(961) 1 957561

Email
bei@bayatgroup.com


 

JEDDAH (KSA)

Level 26 King’s Road Tower, King’s Road, Kingdom of Saudi Arabia.

P.O.BOX
Box 40469, Jeddah 21499

Tel
+966 (12) 229 3248


 

GEORGIA

Freedom Square 4a,
Tbilisi, Georgia.

Tel
+(995) 3 22 424252

Email
tbs@bayatgroup.com


 

KUALA LUMPUR (MALAYSIA)

Menara Standard Chartered,
Unit 35-3
.

Tel
+60 (32) 110 9000

Email
kul@bayatgroup.com