Overview of the Spanish Residence-By-Investment Programme

Through a minimum investment of €500,000 in Spanish real estate, individuals and their families can become eligible for a permanent residence visa in Spain.

If successful, the applicants receive their permit after a short 20 day period. Spanish residence permits last for 2 years, after which they can be renewed for a period of 5 years if the real estate investment is maintained.

Holders of a Spanish permanent residence visa can freely travel throughout both the European Union and the Schengen Area.

https://velment.com/wp-content/uploads/2021/03/invest-icon.svg

Invest

Those interested in becoming permanent residents in Spain must invest a minimum of €500,000  in Spain’s real estate market.

https://velment.com/wp-content/uploads/2021/03/visa-free-travel-icon.svg

Visa-Free Travel

Spanish permanent residents can freely travel throughout both the EU and Schengen Zone without a visa.

https://velment.com/wp-content/uploads/2021/03/fast-procedure-icon.svg

Fast Procedure

Spain offers one of the fastest Permanent Residency programmes, having a short consideration period of a mere 20 days.

Permanent Residency in Spain: Key Benefits

  • The right to live, work and study in Spain, a renowned financial centre, one of the world’s largest markets and a holiday hotspot.
  • The country possesses a uniquely advantageous geographical position in South-Western Europe, offering ease of access to major markets in  Europe and Africa, and port access in the Mediterranean Sea and the Atlantic Ocean.
  • Spain’s Permanent Residency Programme is one of the world’s most inclusive, permitting the inclusion of the main applicant’s partner or spouse (including same-sex or even unmarried couples), children (financially dependant adults must be full time students), and parents over the age of 65 years.
  • Permanent residents in Spain can become eligible for citizenship following 10 years of residence in the country.

Spain Permanent Residency Criteria

  • A minimum investment of €500,000 in Spain’s real estate.
  • A bank statement proving that investors are financially able to support themselves and possess a minimum of  €30,000. An additional €10,000 is required for every family member included in the application.
  • Applicants over the age of 18 must have clean criminal records.
  • Health insurance for the initial applicant and all dependants must be obtained from a Spanish company.

Step-by-Step Application Procedure

Qualifying Investment & Application Submission

After choosing your qualifying investment, submit an application for Spanish permanent residency from your home country.

Receive a Permanent Residence Visa

Following a 20 day consideration period, successful applicants will receive a visa that allows them to live and work in Spain for 1 year.

Your Permanent Residency Permit Is Issued

Receive your renewable Permanent Residency Permit, valid for a period of 2 years initially, then 5 years after renewal.

About Spain

https://velment.com/wp-content/uploads/2021/07/geography-icon-about-1.svg

Geography

The Kingdom of Spain is a transcontinental nation, consisting of the majority of the Iberian Peninsula, the Balearic Islands in the Mediterranean Sea, the Canary Islands in the Atlantic Ocean and the city exclaves of Ceuta and Melilla in North Africa.

https://velment.com/wp-content/uploads/2021/07/population-icon-about-1.svg

Population and Language

Spain has a population of 46.94 million, making it the sixth most populous country in Europe. The official language is Spanish.

https://velment.com/wp-content/uploads/2021/07/tourism-icon-about-1.svg

Tourism

Spain became the second most visited country in the world, with a staggering 84 million travellers visiting the peninsular nation in 2019.

https://velment.com/wp-content/uploads/2021/07/education-icon-about-2.svg

Education

Education is compulsory for all children between the ages of 6 and 16 in Spain. Higher education in the country has a long history stretching back to the Middle Ages, with the Universidad de Salamanca dating back to 1218.

https://velment.com/wp-content/uploads/2021/07/healthcare-icon-about-1.svg

Health Care

Spain’s National Health System is considered the 7th best in the world, with approximately 90% of Spaniards using their country’s free public health system.

Spain Factsheet

  • Continent: Europe
  • Population: 46.94 m
  • Government: Unitary parliamentary constitutional monarchy
  • Capital: Madrid
  • Language: Spanish
  • Currency: Euro (€)
  • Total Area: 505,990 km²
  • Time Zone: Central European (UTC+01:00)

News & Updates

Yiannos Trisokkas Shares Greek Golden Visa Insights at Major Event in Egypt


18/06/2024

In a landmark event, Yiannos Trisokkas, CEO of Velment, recently attended a key event in Egypt. This significant occasion brought together high-profile delegates including HE...

Navigating the 2024 Updates in Greece’s Golden Visa Real Estate Market


11/04/2024

In 2024, Greece's esteemed Golden Visa Program will undergo significant legislative updates, set to take effect in August. This marks a pivotal shift in the...

How to choose a reliable service provider for alternative residency or citizenship applications


29/03/2024

One of the features of our times is the growing demand for alternative residency or citizenship. Indeed, around the world it ranks increasingly as a...

Enquire about Property

    Thumbnail of Thumbnail of

    Marina Bay in Athenian Riviera, Greece

    Apartments starting at
    530000
    Attica, Greece