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Why choose Spain?
When you think of Spain, climate, beaches, cities, architecture, festivals, old and rich cultures, stability and highest quality of life standards undoubtedly spring to your mind. These favorable Spanish facts will get foreign national investors prepared to relocate to the Kingdom of Spain.
Spain is occupying the greater part of Iberian Peninsula in the southwest of Europe and is the third – largest country in Europe. It is one of 26 countries making up the EU ‘’Schengen Zone”. In September 2013, the investors residence program also known as “Golden Visa” was passed by the Spanish government to allow non EU foreign nationals who make significant investment in Spain to become permanent residents.
Timeline & Procedure
Spain Golden Investor Visa is valid for one year after which the investor may apply for renewal of the permit for another two years’ application for residence permit and renewable for 5-year.
After 5 years, since the moment the investor and his family members got the Spanish Golden Visa, permanent residency can be granted to the investor if he resided in Spain for a minimum period of 183 days a year.
After the investor and family have been permanent residents for another five years, with a continuous residency in Spain more than 183 days per year for the full 10-year period they will eligible to apply for the Spanish citizenship and passport.
|Spain Golden Visa and Permanent Residency|
|Year 1||Step 1||Selection of the appropriate real estate investment option|
|Step 2||File Preparation. Collection of documents, office fees, government fees|
|Step 3||Investment is made in selected real estate|
|Step 4||1-year visa application. Collection of documents, submit documents to Spanish consulate, Collection of Visa|
|Year 2-5||Step 6||2 years visa renewal application Collection of documents, submit documents with authorization to live in Spain for two years’ renewable for a further five years to Directorate General of Migrations, Collection of visa|
|Step 7||– Permanent Residency Application|
|Year 10||Step 8||Citizenship Application|
Visa Free Travel
Investment in Real Estate: An investment of at least€500,000 in Spanish property (one or more), per applicant, provided the first €500,000 of the property value is unencumbered (mortgage free).
This investment total does not include the costs and fees associated with buying property in Spain (typically between 10 and 12 per cent of the purchase cost).
On September 9th, 2013, the Spanish government introduced the “Golden Visa” scheme by Article 63 Chapter 2 of Law (14/2013) on support for Entrepreneurs and their Internationalization. This scheme was designed to attract foreign investment to the country and stimulate the property market post-crisis. The retroactive legislation offered a 12-month residency visa in Spain, followed by a renewable 2-year residency permit, in exchange for an investment of €500,000 (under certain conditions) in Spanish property.
By Act 25/2015”, July 2015, the Spanish parliament introduced a number of improvements to the regime by in order to streamline the bureaucratic process, as well as progress upon the initial regulations put in place and as a result, the number of applications has risen sharply. A 1-year golden visa is issued and can be renewed (for a 2-year period renewable for further 5-year), as long as the real estate property is still in place.
“Bluemina has a great professional team, my application was completed and submitted within days.”
“Bluemina took care of the whole process, I just handed my documents and left the rest to them.”
“Bluemina is all about service. Very smooth and easy application.”
“Received my passport in 2 and a half months from Bluemina.”
“Bluemina really helped me decide what citizenship program was right for me and my family.”
“Have had my passport for 5 years, still recommend Bluemina to my friends and collegues.”