Invest in Spanish real estate and obtain residency in just a week!

• The possibility and conditions for obtaining an investor residence permit in Spain.

• Investment residency in Spain: features of the program

• Advantages of resident status: opportunities and tax conditions

• Increase your budget with real estate in Spain!!

This article discusses the possibility of obtaining a residence permit for investors in Spain and the differences between this program and the "golden visa."

Description of the "golden visa" and its difference from a residence permit.

The "Golden Visa" is an annual D visa that is currently unavailable for Russians and Belarusians. The investor residence permit is issued directly in Spain. To obtain it, one must enter on a tourist visa and meet certain conditions.

Trends in Europe on residence permit and citizenship programs

The Council of Europe and the European Commission are currently urging EU countries to abandon programs that grant residency and citizenship in exchange for investments.

Some countries, such as the UK and Ireland, have already closed similar programs. For example, Portugal plans to change the rules for its "golden visa," while Greece has increased the minimum investment amount.

Conditions for obtaining a residence permit in Spain

To obtain an investor residence permit in Spain, it is required to invest at least 500,000 euros in real estate or 1 million euros in shares of Spanish companies, government bonds, or to open an innovative business.

However, the Spanish government is considering raising the requirements or scrapping the program.

Conclusion

In recent years, interest in the program has significantly increased. In 2022, 2,462 residence permits were issued, which is 60% more than the previous year. Experts note a growing interest in this program from Americans, Russians, Belarusians, and Kazakhs.

Investment residency and citizenship programs for Russians and Belarusians

Many countries have suspended their programs due to the military actions in Ukraine. For example, the "Golden Visa" program in Greece is no longer active, and the Portuguese program is hardly accepting applications. Italy and Latvia have also temporarily halted their programs.

Investing in real estate in Spain

According to experts, Spain continues to accept investments from Russians and Belarusians, but the requirements have become stricter. It is important that the investor is not on the sanctions lists and can confirm the origin of the funds.

Features of the program in Spain

• Opening an account is difficult for Russians and Belarusians.

• The amount in the account should not exceed 100,000 euros.

• The process is more complicated when buying on the secondary market.

Important points

• The facility must be ready at the time of participation in the program.

• Obtaining keys to the property is important to avoid long waits.

Choosing real estate in Spain

The selection of real estate for obtaining a residence permit is limited, but it is possible to find an offer that meets the program's requirements and the buyer's wishes.

If your dream is to obtain residency in Spain, but your savings fall a bit short of the required amount, don't despair!

There is a solution: realtors offer to buy, for example, a parking space and add its cost to the total amount. In this simple way, you can increase your budget and get one step closer to obtaining an investor's residence permit.

The procedure for applying for an investor visa

The procedure for applying for an investor visa begins with a tourist visa, which is issued for 90 days. During this time, you need to complete a real estate transaction and register the property rights. However, this period may not be enough, so it's important to plan your time wisely. It is recommended to leave the country and wait for your property registration application to be processed.