Following the 2008 financial crisis and subsequent crash in Spain’s property market, the country launched its Golden Visa Programme in 2013, in order to grant non-EU investors a residency permit in exchange for an investment. This led to a significant growth in the real estate market, where in 2018 alone the average price per square meter increased by 8% and is predicted to rise continuously over the coming years.
Spain’s growing popularity amongst investors comes as no surprise – the country has consistently delivered a high quality of life with an average life expectancy of 83 years (ranking higher than the US, UK or Canada). The programme offers mobility throughout Europe and the Schengen Area, and the opportunity to apply for citizenship after 10 years of residence.
WHY CHOOSE SPAIN
Spain, officially known as Kingdom of Spain, is one of the largest countries in Europe. Located in the southeastern part of Europe, it enjoys a warm Mediterranean climate, colourful cuisine, beautiful beaches, energetic atmosphere and a rich culture.
Among Spain’s strong points are the increasing number of multinational businesses, developed tourism industry, highly efficient infrastructure and the recent development of the renewable energy industry.
Benefits of the Spanish Golden Visa:
- fast and straightforward application process (1-2 months)
- the right to live, work, study and settle in Spain
- the right to operate a business in Spain
- visa free travel throughout Europe and the Schengen Area
- inclusion of spouse, dependent children and parents
- no residency requirement
- the opportunity to apply for Spanish citizenship after 10 years of residency
To qualify, applicants need to fulfil ONE of the financial requirements below: