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Spain’s residence by investment program is also known as the Spain golden visa. The program allows foreigners to apply for an investor visa after making a significant investment in the country. Successful visa applicants and their families are granted free access across Europe’s Schengen Area. Spain Golden Visa Citizenship benefits investors in different ways as Spain is an esteemed member of the European Union. The territory of Spain comes under the Schengen Area, which means having citizenship in Spain will allow you to travel throughout the Schengen Area in Europe.
The program does not support the applicants only but also their families, who are the approved dependents. The parliament of Spain passed a bill in 2013 that proposed that all foreigners not a part of European Union Countries can temporarily acquire a residence in return for an investment of at least EUR 500,000 in the real estate business.
Any applicant who has invested at least EUR 500,000/- in real estate can apply for the Spain golden visa citizenship program. The investor’s business should generate jobs and contribute to the country’s social, economic, scientific, and technological development.
Get Spain’s passport through investment and enjoy a lifelong experience of studying, earning, and living in such a great country. You will also get a chance to roam freely around the 26 other Schengen countries without any hecticness of getting a visa or approval first.
Spain’s golden visa offers a different option for adding your spouse, an unmarried partner, and elderly parents as dependents to your application. Children under 18 and children who are not minors but are dependent due to health or mental conditions also qualify for the visa.
After attaining eligibility to apply for Spain Citizenship by Investment through various investment schemes and completing all the formalities, the Government of Spain generally issues an initial residence permit in less than 30 days. The initial investment residence permit duration is for a year or two, but the same is extendable up to 5 years on request.
The key benefit of Spain citizenship by investment, worth investing EUR 500,000/- is that you can enjoy your life with your family in beautiful Spain. You will also be allowed to access all the European countries and the visa-free or visa-on-arrival to all the countries in Europe’s Schengen Area.
Spain imposes no tax on income generated outside of the country. Tax is charged to non-residents doing employment in Spain or getting a pension from Spain at the rate of 24%, so profits generated from renting out a property, claiming dividends, or investing in banks are taxed at 19%.
Purchase of a property by investing a minimum amount of EUR 500,000. A candidate can either purchase a single property for EUR 500,000 or more than one property, of which the combined value should be at least EUR 500,000 is also acceptable.
The candidate can also establish a business in Spain that is significant for the economy of the country.
Investing in the shares or depositing in the bank may also opt, but a minimum deposit should be EUR 01 million.
You can also invest by purchasing the bonds issued by the government, only having a minimum value of EUR 2 million.
You can start applying for citizenship through DM consultants, as the government of Spain is stringent in managing and checking the applications, and the data filled therein are verified thoroughly in each case. Any document of information found false or ambiguous will result in declining the application, ultimately costing the applicant. Hence, applying through an experienced consultant will be beneficial for the candidate to avoid unnecessary delays and disturbances.
Candidates can apply for a permanent residence card in Spain while staying in their homeland. A successful grant of such a visa will allow them to remain in Spain for one year. After staying for one year, candidates can apply for residence permit cards, or candidates staying in Spain on a tourist visa can directly apply for a Spanish residence permit which will ultimately overlook the first condition.
Every application, once submitted, goes through the most arduous diligence check, in which all the information provided and all the documents attached are verified to an extreme extent. Therefore, it is essential that before applying, the application must also be reviewed twice or even thrice to save yourself from complications that may cause problems in the approval of your case.