SPAIN: IMMIGRATION FOR HOME OWNERS

SPAIN: ADVANTAGES

In view of your establishment in Spain, you and your family members can enjoy a lot of benefits, such as:

1. 1. 1. Access to permanent residency after residing in Spain for at least 5 years;
      2. Free and unlimited movement through all the 26 members of the Schengen area;
      3. Pleasant annual weather: the sun and heat are present for more than 300 days a year, while the cold and the rain are an exception;
      4. A warm and lively living environment;
      5. Stable and secure banking system;
      6. Part of a warm social and rich culture;
      7. Spain offers one of the best healthcare ranked in 7th position elaborated by the World Health Organization;
      8. Spain’s school system is overall considered to be very good. Spain has public, private (colegios privados), and semi-private (colegios concertados) schools, that enjoy an overall good reputation in terms of education. Spanish school system is even listed among the top ten countries worldwide with the best international schools;
      9. Outstanding gastronomy: paella, gazpacho, tapas and churro are part of the Spanish cuisine, and not to mention the abundance of seafood, cold meats and famous wines;
      10. Affordable prices. Whether it is accommodation, gasoline, grocery or dining out, the cost of living in Spain is one of the lowest in Western Europe;
      11. A superb, vast and mountainous area with access to the sea in the south and to many national parks.

SPAIN: REQUIREMENTS

Option 1. To satisfy the conditions outlined for the residence visa for real-estate acquisition as established by the Spanish immigration laws, you must meet the following main requirement:

1. 1. 1. Invest in real estate of at least € 500,000 in Spain and maintain it for minimum 5 years;
      2. Open a bank account in Spain and transfer the minimum required funds to justify you can support yourself and your family in Spain.
      3. Have sufficient financial funds to cover the expenses of residing in Spain for the initial year of the residence permit. The minimum required amount for the main applicant is equivalent to 400% (€27,792.96) of Spain’s Public Multiple Effects Income Indicator (IPREM). To this amount must be added 100% (6,948.24) of the IPREM for each family member;
      4. Subscribe to a medical coverage in Spain.

SPAIN: REQUIRED DOCUMENTS

All documents must be legalised with “Apostille of The Hague” and then translated into Spanish, based on the Spanish immigration laws, you should submit the following documents:

1. 1. 1. Two photocopies of the application form;
      2. Two recent passport size photocopies, 35×45 mm;
      3. Birth certificate;
      4. Marriage certificate;
      5. Photocopy of identity document and passport;
      6. Criminal record certificate, issued by the country of origin or the different countries of residence for the last five years;
      7. Bank certificate proving that the applicant’s financial means are greater than the minimum required amount of 28 000 EUR for the main candidate and at least 7000 EUR for each relative included in the application;
      8. Submit proof of having acquired a property, during the 90 days prior to the visa application;
      9. Certificate from the Property Registry;
      10. Medical certificate attesting that the applicant does not have any serious or contagious disease;
      11. Medical insurance (public or private) valid in Spain;
      12. Proof of having paid the fee to process the visa;
      13. Submit proof of having paid the established amount, during the 60 days prior to the visa application: investment statement, financial intermediary certificate, bank certificate; OR
      14. Certificate of the Financial Entity and the Bank of Spain; OR
      15. Certification with continuous domain information and loads from the Property Registry;
      16. Certification National Securities Market Commission or in the Bank of Spain.

SPAIN: PROCESS

1. 1. 1. To begin the process, we will provide comprehensive information on the process of immigration to Spain, on real estate in Spain including where would be the most suitable property for you to invest in and address any question or concern you may have related to your settlement in Spain;
      2. We will guide you in the preparation and legalization of all required documents based on your particular situation;
      3. Certified translators will translate all your documents into Spanish;
      4. We prepare and share with you a personalized portfolio of properties in Spain based on your preferences and needs;
      5. You will have to travel to Spain to open a bank account and visit the properties that may interest you;
      6. Once you have selected the property you would like acquire, we will assist in your transaction of real estate and review all the documentation;
      7. We will prepare your application forms for you to submit it to the Spanish Consulate of your country;
      8. Once the visa to Spain is issued, you should travel to Spain. The visa and the first residency permit is valid for a period of 1 year;
      9. The following two residency cards are both valid for 2 years;
      10. After living in Spain for 5 years, you may be eligible to apply for a permanent residency that is valid for 10 years;
      11. Finally, after living in Spain for 10 years, you may be eligible to apply for Spanish citizenship through naturalization. Nationals from Ibero-American countries, Andorra, the Philippines, Equatorial Guinea, Portugal or persons of Sephardic origin may apply for Spanish citizenship after 2 years of residence in Spain.

SPAIN: ADDITIONAL INFORMATION

The Spanish residence permit gives the right to live, study, work, create own business, receive medical services in Spain and travel without the need for a travel visa in the Schengen area.

The Spanish immigration process very fast and visa is valid for one year. It can be renewed for 2 more years. The Spanish residency card allows you to live in Spain for up to 5 years ( i.e. 1+2+2 years). You may apply for a long-term residency (5 years PR card) at the end of this period. Then, you will be able to apply for citizenship of Spain.

Note: in order to keep Spanish residency (not lose your right to the extension.) you should visit Spain at least once a year and keep investment for the period of 5 years. The same documents and proof of funds are required for residency renewal.

FAMILY:

Your family members (spouse and children) will be included in the immigration process in Spain. They will also obtain a residence permit valid for the entire stay of the applicant.

CITIZENSHIP

1. Descent, Origin, and Birth

A child has the right to Spanish nationality if:

1. 1. 1. One of the parents is Spanish;
      2. Both parents are foreigners, but at least one of them was born in Spain and the child also was born in Spain;
      3. Both parents are stateless or unknown;
      4. The child is adopted by Spanish parents before turning 18.

2. By proving the lineage of Sephardic Jews. (By Sephardic origin)

3. Marriage

A foreigner who marries a Spanish citizen can acquire nationality if:

1. 1. 1. The couple has been married for at least 1 year and has never been separated;
      2. The applicant is widowed and has not separated from the Spanish spouse at the time of death.

4. Naturalisation

You can apply for Spanish nationality after 10 years of legal and continuous residence in the country prior to the application, including at least 5 years of permanent residence. You must also demonstrate sufficient knowledge of the Spanish language and culture.

There are some exceptions where the 10-year limit may be lower:

1. 1. 1. 5 years for refugees;
      2. 2 years for nationals of Latin American countries, Andorra, the Philippines, Equatorial Guinea, Portugal, and Sephardic Jews;
      3. 1 year for people born in Spanish territory, people whose parents or grandparents were originally Spanish citizens, and widowed spouses of deceased Spanish citizens.

OTHER INFORMATION

1. 1. 1. The nationality application must be submitted to the Civil Registry of your residence in Spain;
      2. All documents submitted to the administration must be legalised and translated into Spanish;
      3. The Spanish government allows dual nationality in cases where the pre-existing nationality comes from Latin American countries (where Spanish or Portuguese is one of the official languages), as well as Andorra, the Philippines, Equatorial Guinea, or Portugal.

SPAIN: TESTIMONIAL I

“We are a couple in our fifties, and we always loved to travel around Europe. We visited the south of Italy as well as the south of France and Portugal. When the Golden Visa program in Spain was introduced, we got in contact with Inimex to find out more about it. Inimex referred us to some real-estate agencies from Spain. Their support was really important to us. They helped us to make the best decision for our property with matters such as the city, the right neighbourhood, etc.

Inimex helped us to find a villa near a town called Blanes. We are really glad, and we don’t think we could have found a better place. The lawyers from Inimex as well as the whole team assisted us through the visa application process. Then, we were able to obtain a residence permit for 2 years. We were able to continue our work remotely and create our own business in Spain with this visa. Afterwards, we bought a second house to rent it for tourism and earn an additional income.

Inimex answered at any question we had. They also helped us in many challenges we faced. Now, we have been living in Spain for several years and are well integrated. We are happy with the outcome and with our new life we have created in Spain. The amazing Spanish climate and the closeness of the Mediterranean Sea pleases us very much. Furthermore, we can easily continue to travel in Europe and explore new places.”

SPAIN: TESTIMONIAL II

”I am a recently divorced single mother. I owned many properties in my home country, but I decided to sell everything in order to settle abroad. Since I have been to Spain several times for trips and vacation, I chose this country as my new home. I was slightly nervous about this whole process, especially about the fact of the process of acquiring property abroad. Inimex really helped me in this matter. I finally decided to invest in a few properties in Spain, including two that were to perceive rental revenue. Inimex has helped me along, and I could know everything I needed in order to make the right choice.

I am really happy about the move I made. I feel very good in Spain, and I’m surrounded by nice people. I felt really quickly included and my daughter as well. She goes to a Spanish private school and speaks Spanish fluently. I also ended up marrying a Spanish man, and I started a new life. Inimex helped me through this defining step and I am grateful for it.”

SPAIN: OUR SERVICES

1. 1. 1. Residence permit for financially independent (wealthy) applicants;
      2. Residence permit for real-estate owners and investors;
      3. Student visa. We can help you to chose a school or university as well as with the registration process and receive confirmation of your enrolment. Generally we submit files of our clients for their student visa (in Spain or in the country of citizenship);
      4. Opening a bank account for residents and non-resident in Spain. Usually, we work with CaixaBank, Banco Santander, BBVA, Banco de Sabadell;
      5. Set up a Spanish company: obtaining a certificate from the Mercantile Register and application for a Provisional Tax Identification Number (N.I.F.). Opening a business bank account in Spain and execute a public deed before the Notary Public. Register your office at the Commercial Registry and obtaining a definitive N.I.F. once your company is registered and set up.
      6. Renting or purchasing property.We will guide you through the home buying process and help you see success from start to finish. We offer intimate knowledge of the exact area you’re  buying in, our friendliness and politeness, our honesty and integrity, our knowledge of purchase process and real-estate market, our communications and negotiation skills.
      7. Translation services: general certified, legal, juridical translations, business, medical and technical translations.
      8. Extension of the residence permit;
      9. Permanent residence permit;
      10. Spanish Citizenship.