The Spanish Government has finally passed the law which will grant residency permit for thousands of investors all around the world.
This residency permit, which is now available allows investors and their families to stay in Spain for 12 months, plus a two years residency permit, which is renewable every two years as long as the investor maintains the investment, minimum stay in the country is not required in order to renew.
The applicant must:
- Be 18 years old or older.
- Not have a criminal record.
- Not be subject of an entry ban in national territory following a removal order.
- Have medical insurance.
The investor will obtain the investor visa, which will allowed them to move not only around Spain, but all around Schengen Area by making on of the following investments:
a) Acquisition of real estate with a value equal or above 500.000 €.
b) Capital transfer with a value equal to or above 1 million €.
This investment can be the purchase of stocks or shares of a Spanish Company or a bank deposit of such amount.
c) 2 million € investment in Public Debt.
The residency is granted to the investor, the spouse, and children under 18 years old.
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