Residency Permit and Visa for Investors
From 30th September 2013 it is possible to invest in Spain 500.000 € and receive unlimited and unrestricted visa and residency permit for the applicant and his family. This is valid for Schengen Space within EU and all Spanish territory, indeed.
We think that a wise investment requires sound comprehensive advice. If you wish more information, please click here.
The bill aimed at entrepreneurs and supporting measures for the internationalization of the Spanish economy has been approved and officially published. The mentioned regulation has entered into force and it is fully applicable since 30th September 2013.
According to EU rules on visas and the Schengen Implementing Convention Agreement, the entry and residence in Spain can be authorized for reasons of economic interest to non-EU citizens.
This Law regulates certain cases in which, for reasons of economic interest, Spain facilitates and expedites visas and residence permits, in order to attract investment and talent to the Country. The measure is aimed at investors, entrepreneurs, workers of international corporations, highly qualified professionals and researchers, as well as spouses and children, through an agile and fast procedure before a single authority, and for a variable period according to the different cases referred. Such residence permits shall be valid throughout the national territory.
The minimum investment is 500.000 € in cash, per application. This application covers the main applicant and his/her family.
The purchase has to be formalized in a public deed, and every movement of funds used shall be justified by legal means, according to anti-laundering money laws.
a.- Portfolio. One or several properties, with joint price of at least half a million €.
b.- Type. Of a residential, touristic, rural, commercial or industrial nature.
c.- Use. For rent, land to be developed, buildings under construction or decrepit buildings for renovation. Properties with different use can be combined.
There is no requirement that any property is intended for a specific use. Therefore, it is accepted to intend the property for leasing purposes totally or partially, or to use it for business activities of any kind. While maintaining the investment, the management of properties can vary along the time without affecting the permits.
It is advisable to obtain a comprehensive advice about this matter, as many different aspects should be taken into account. A minimum 500€ K investment is necessary, and carrying it out wisely is a must.
It is a legal procedure, so ensure yourself that you are receiving best independent advice available (property, taxation and international Law). A comparatively small expense will become hugely useful and productive. If you are offered legal services, take care of checking the independence and reliability of the advisor recommended. A good advisor will help you to avoid pitfalls when addressing the real estate investment.
Serveco International is a highly specialist and independent Law Firm. We deal with complex international cases in different jurisdictions linked somehow to Spanish Law or properties in Spain. Our Law Firm is one of the first dealing with Residency for Investors.
We have offices in Alicante, Murcia, Almería and Madrid. Also we have associated offices in London, Malaga-Marbella, Barcelona-Balearic Islands and Canary Islands. Forming a fully operative group, we can provide support throughout all Spanish national territory.
Being Spanish Lawyers and English Solicitors, our working languages are English, Russian, Chinese, German and French.