Residency in Spain

The Spain Golden Visa Program was launched in 2013. According to its terms, applicants choose one of the investment options: buy real estate or securities, open a deposit in a Spanish bank or invest in a business. The minimum investment amount is €500,000.

Investors don’t have to take language and cultural exams. Besides, they are not required to live in Spain, and the law allows them to rent out the investment property.

The Golden Visa holder will be able to return the investments if they have lived in Spain for five years and obtained permanent residence. After another five years of living in the country, a permanent resident can apply for citizenship. However, there is a condition to give up the first passport.