The Spain Residence by Investment programme provides a temporary residence permit to investors in Spain. Investors first receive a 1-year visa in order to complete the investment if they are outside of Spain. The investor then receives a 2-year permit that will be renewed for a 5-year resident permit. After 5 years of holding a resident permit in Spain, applicants can be eligible for permanent residence. Citizenship is possible after 10 years of living in Spain.
Applicants are allowed to include their relatives in the application, such as spouses, children who are minors or those of legal age who are financially dependent on the holder, and parents in their charge.
Spain taxation can be advantageous for foreigners earning income in Spain, with the impatriate tax regime (aka the Beckham Amendment) capping the tax rate at 24%.
Purchase of real estate property of EUR 500,000 or more;
Invest in shares for the amount of EUR 1 million;
Make a bank deposit for the amount of EUR 1 million;
Invest EUR 1 million in investment funds of the closed-end type or venture capital funds set up in Spain;
Spanish public debt securities for the amount of EUR 2 million;
Investment must be held for renewal for the length of the desired stay in the territory of Spain or until change of status.
Must have sufficient financial resources for yourself and for the members of your family during the period of residency in Spain (EUR 2,130 monthly for yourself and EUR 532 for every family member that is in your care);
Must provide a police report. You must not have a criminal record in Spain or in the countries in which you have resided in the past 5 years.