Spain, a country known for its rich history, diverse culture, and beautiful landscapes, offers an attractive pathway for high net worth individuals and their families to acquire legal residency, and ultimately citizenship, through investment.
The Citizenship by Investment program of Spain is designed to attract foreigners who can make a substantial contribution to the development of the country. Investors, along with any family members, can directly qualify for residency through investment. This can be achieved either by making a donation or investing in real estate purchase.
The benefits of obtaining residency through this program are numerous. The Spanish passport is highly regarded and has an excellent reputation. It allows visa-free travel to over 180+ countries worldwide. Other benefits include:
- No residency or personal visit to Spain needed
- Tax-free status – no income, inheritance or wealth tax
- Lifetime citizenship after ten years of legal residency
- Easy second passport and citizenship for your family members
- Privacy in a small peaceful country
- Dual citizenship benefits
- Choice of Real estate investment
- Processing time only 3 months
There are several ways in which investors can apply for residency under the Spain Citizenship by Investment Programme:
- Real Estate Purchase: Investors can purchase real estate property with a value equal to or above €500,000.
- Capital Transfer: Investors can make a capital transfer equal to or above €1,000,000 in transferable securities, bearer securities, public debt instruments from the Spanish State and others.
- Business Investment: Investors can establish a company that will employ at least 10 people.
Family Related Costs
The Spain Citizenship by Investment program also extends to include family members of the main applicant. This includes spouse, dependent children, and dependent parents or grandparents.
For each additional dependent, regardless of age, there is an extra due diligence fee and processing fee charged. The exact costs vary depending on the number of dependents included in the application and their age.
In conclusion, the Spain Citizenship by Investment program offers an attractive pathway for individuals and their families seeking second citizenship. With its numerous benefits and investment options, it continues to be a popular choice among high net worth individuals worldwide.