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Spain real estate investment

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Get Permanent European Union Residency in Spain ‘Golden Visa’

Spain is recovering from a major economic crisis. Following a construction boom in the mid 2000’s the price of real estate remains extremely low, with no increase in sight.

However Spain benefits from a strong tourism sectors and remains a pleasant place to live.

Spain’s immigration program (Spain real estate investment) based on the purchase of real estate is attracting wealthy foreigners wishing to obtain a European Union Residency Permit.

Spain is a member of the European Union and a member of the Schengen area and of the Eurozone.

Benefits:

  • Enter any EU country without Visa
  • Reside in Spain for 1 year
  • Schengen member country
  • Visa free travel to Schengen and other EU countries
  • Stay in any Schengen country for 90 days
  • * Need to renew after one year for a 2 year period

Residence permit

We currently provide a single type of residence permit for non-EU citizens in Spain:

  • A real estate purchase of 500 000 Euros minimum
  • The following possibilities exist also but other no specific advantages compared to French or Latvia programs :
    • An investment equal or higher than 2 million Euros in Spanish public debt titles.
    • The purchase of shares of Spanish companies, or bank deposits in Spanish financial entities, for an amount equal or higher than one million Euros.

It must be noted that the 500 000 Euros is per person and not per family so a family consisting of husband, wife and two children will need to invest 2.000 000 Euros!

Also Spanish authorities required various forms of money deposit to cover the living costs of the family for the first year and these permits do not allow work in Spain.

We provide a complete service covering selection of the real estate investment, all legal and immigration services as well as arranging your venue to Spain to complete the administrative process.

Residence permit

Currently Spain runs an investment program, which allows you to apply for a residence card in Spain, if you have purchased real estate for a price in excess of 500 000 EUR PER PERSON– however this permit does not allow the right to work or conduct business in Spain.

Latvia provides residence permit for a real estate purchase of only 150 000 EUR PER FAMILY and additionally allows the option to create your own business.

Immigration to Spain

Introducing the Kingdom of Spain it can be described as one of the warmest European Countries which is perfect for those, who enjoy a warm climate and a laid back lifestyle. Statistics show the population of Spain to be currently estimated at around 46 million people. The most numerous ethnic group is Spanish.

Responsible for immigration services in Spain is the Ministry of Interior (http://www.interior.gob.es). If you are a non EU-citizen, in order to stay in Spain for more than 3 months, you need a residence card, residence visa or work permit.

Lawful immigration

In order to visit Spain legally, an immigrant needs to follow all the requirements set out by Spanish Immigration Law. The main law, which regulates immigration of non EU-citizens in Spain, is the Immigration Act 2009.

Immigration law

The Immigration Act 2009 is the main law that applies to immigrants from non-EU states in Spain.

Immigration Act 2009 – [.pdf]

Ministry of the Interior- http://www.interior.gob.es

Immigration Statistics

According to immigration statistics, Spain currently hosts around 6 000 000 immigrants, which is about 13% of the total population. The largest groups of immigrants come from Romania and Morocco. The largest period of immigration was experienced in Spain has during the period 1998 to 2008. During this time the percentage of immigrants amongst the local population increased from 1% to 11 % – This then slowed down significantly as the crisis in southern Europe started to affect Spain.

Most popular cities by population

The most popular cities for immigrants are Madrid and Barcelona. Madrid is the largest city in Spain by population (3,255,944 people). Madrid is an administrative center of the autonomous Community of Madrid.

Barcelona is a little bit smaller (1 621 537 people), but, usually, more popular amongst tourists. Barcelona includes such famous places as the Park of Antonio Gaudi and the Cathedral of Sagrada Familia.

Migration in and out of Schengen area

The Kingdom of Spain is a member state of the Schengen area. Countries of the Schengen Agreement have abolished passport and immigration control at their common borders and for travel between their member states. Member countries also recognize Schengen visas issued by other Schengen states. On the outer border, or upon first entry to the Schengen area, normal immigration control procedures apply, however admission to any Schengen country is considered admission to the whole Schengen area (all member countries), with no further immigration checks needed.

Citizens of non-EU countries wishing to stay in Spain for more than three months must apply for a Residency Permit/Card (Tarjeta de Residencia) within 30 days of arriving in the country. The application must be made at the Foreigner’s Office (Oficina de Extranjeros) or local national police station in the province of intended residence.

History

History shows, that since 2000, Spain has experienced fast population growth which is a result of immigration. However, the birth rate is only half the normal replacement level. This sudden and mass immigration has caused noticeable social tension between immigrants and the local population. In the European Union, Spain has the second highest immigration rate in percentage terms after Cyprus.


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