program
Spain Residency by Investment
Program Overview
Minimum Investment
N/A Donation
Minimum Investment
EUR 500,000 Real Estate
Time to Residency
2-3 Months
Visa Free Access
185+ Countries & Teritories
Spain Golden Visa Requirements
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.
Main Applicant Requirements
- 18+ years of age
- Good health
- No criminal record
- Successfully pass due diligence checks
- Confirmed investment sources
- No health issues
Eligible Dependents
- Spouse of the main applicant
- Children (biological or adopted) under 18 years of age
Spain Golden Visa Benefits
Include your family
Include all eligible dependents
Freedom of movement
As a resident of Spain, you are also a resident of a European Union country and are entitled to freedom of movement in the Schengen area
Dual residency
Spain also allows dual residency, so you can keep your existing nationality or other residencies. However, Spain does not allow for dual citizenship with some exceptions.
Guaranteed by law
The program is based on the law & is guaranteed by the government since 2013.
Health & Education
You and your family will be able to study in schools or universities in Spain and have access to world-class healthcare systems and services.
SPAIN | Residency by Investment
Legal Basis
The Spanish Government introduced the Residences Visa Law 14/2013 on the 27th September 2013 to support entrepreneurs and internationalization. The law offers the opportunity for non-EU citizens to obtain a Residence Permit by investing in Real Estate in Spain for a minimum value of €500,000 Euros. A residence permit for 1 year is issued and can be renewed (for a 2-year period each time), provided that the real estate property is still owned by the applicant.
Costs of Spain Golden Visa
Minimum investment
€ 500,000
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
Who Can Apply for ICT Program?
The Intra-Company Transferee (ICT) program is designed to help established companies from around the world expand their operations to Canada. There are three categories of individuals who may be eligible for this program:
- Business owners, entrepreneurs, and shareholders: Those who hold executive positions in a successful company and plan to take on a similar role in Canada.
- Senior and functional managers: Individuals currently working in a foreign company as senior managers or functional managers, who intend to assume a similar position in Canada.
- Key employees with specialized knowledge: Employees who possess advanced, unique, or uncommon expertise that is critical to the business.
ICT Eligibility for Parent Company:
To qualify for an ICT visa, both the applicant and the parent company must meet the following requirements:
- The parent company must have been established and operating outside of Canada for at least three years.
- The parent company must be financially stable and capable of supporting its operations in Canada.
- The applicant must have worked for the parent company for at least 12 months within the last three years before applying for immigration.
- The parent company must have a qualifying relationship with the Canadian company, such as being a parent, subsidiary, or affiliate.
Application Process For Spain Golden Visa
Application Process
6 months
- Step 1Savory & Partners shall prescreen your passport copy for Government pre-approval to ensure fast processing. A down payment of the professional fees will be required to open your application.
- Step 2Savory & Partners will present Spanish properties according to your requirements and prepare the property purchase documentation required for the Residency application.
- Step 3Savory & Partners will assist and advise regarding the collection of the documents required in the checklist.
- Step 4The applicants can decide whether to travel to Spain.
- Step 5The applicants can decide whether to travel to Spain.
- Step 6The applicants can decide whether to travel to Spain.
- Step 7The applicants can decide whether to travel to Spain.
- Step 8The applicants can decide whether to travel to Spain.
PORTUGAL | RESIDENCY BY INVESTMENT
READY TO APPLY?
Visa-free Countries for Spain Golden Visa
Visa free access
All countries in the Schengen Area
Benefits
Start a business
Benefits
Right to work
With Spain Golden Visa, you can travel to the following countries
- Austria
- Belgium
- Czech Republic
- Denmark
- Estonia
- Finland
- France
- Germany
- Greece
- Hungary
- Iceland
- Macedonia
After obtaining Spain Citizenship you can travel to:(Visa-free and visa-on-arrival countries)
- The United Kingdom
- The United States of America
Visa on arrival for Spain passport holders
- Andorra
- Germany
Electronic Travel Authorization (ETA) for Spain Citizens
- Poland
- Latvia
Countries that require an e-Visa for Spain citizens
- The United Arab Emirates
Client Success Stories
Success Stories - A safe and bright future
The problem
Our Indian client, a business owner and single parent was looking for long-term residency in a country that would ensure quality education and safety for his daughter. With a successful business set-up in his home country, he could not consider relocating as it would limit his growth opportunities. At the same time, he wanted to secure a bright future for his daughter ensuring world-class education but was also wary about her well-being and safety. Above all, recently divorced, it was challenging for the client to procure documents for his daughter.
The solution
When the client approached Savory & Partners, we considered the many sentiments involved including that of a father, a dedicated businessman and a single parent. We understood his requirement and prepared a strategy that would not only serve his personal life positively but would see his business grow by leaps.
We recommended Portugal, not just for the simplicity of obtaining a residence permit but its exceptional education system and healthcare. Portugal is known for its outstanding higher education institutions.
Portugal has a lot of different immigration options available. The passive income - the D7 visa, the newly christened Digital Nomad Visa and the option that is tailor-made for businessowners - the Portuguese D2 visa.
Our client could fulfill his residency requirements while also maintaining an active management role in his company without worrying about spending too much time outside of Portugal.
With residential flexibility of the Golden Visa, his daughter could relocate to Portugal immediately and he could fulfil his residency requirements while also maintaining an active management role in his company back home without worrying about spending too much time outside of Portugal. As of 2021, Portugal is globally ranked in the top ten in terms of ease of registering a company. Meaning our client would not only go ahead and bring his existing business to Portugal but could venture into new business opportunities across Europe.
Approaching Savory & Partners to undertake his residency application ensured that the client would have all the necessary documents for himself and his daughter ready on time. Our agents oversaw that all requirements for a successful due diligence were also fulfilled.
Download brochure
Content
- Spain Country profile
- Benefits of the program
- Investment requirements
- Investment process
Length
4 pages
Language
English & Arabic
size
1 mb
ABOUT SPAIN
CAPITAL
Madrid
TOTAL AREA
505,990 km²
POPULATION
46.56 million
LANGUAGE(S)
Spanish
CURRENCY
Euro (EUR)
EXCHANGE RATE
1 USD = 0.86 EUR
GDP – PER CAPITA (2016)
USD 26,528
GDP – TOTAL (2016)
USD 1.232 trillion
Information about Spain
Spain is a country located in southwestern Europe. Its official language is Spanish, and its capital and largest city is Madrid. Spain has a total area of 505,990 km2 and a population of over 47 million people. It is known for its rich history, beautiful beaches, and diverse culture. Some popular tourist attractions in Spain include the Sagrada Familia in Barcelona, the Alhambra in Granada, and the Picasso Museum in Malaga. Spain is also known for its delicious food, wine, and flamenco dancing.
Where is Spain?
Most of Spain's national territory is located on the Iberian Peninsula (which it shares with Portugal and Andorra) situated in the southwest corner of Europe.
SPAIN | Residency by Investment
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