SPAIN: IMMIGRATION FOR INVESTORS
SPAIN: MISSION
Spain is a popular destination among retirees, financially independent individual and investors. The “Golden Visa” immigration programme allows individuals to obtain a residence permit in Spain through a real estate investment of € 500,000. This visa allows you to reside, work, study and establish a business in Spain.
At Inimex Inc. and VIP Serveis Spain, we help our clients with their immigration process. Starting from carefully evaluating their profile, to planning their settlement in Spain, our immigration experts aim to ensure a successful and pleasant experience.
For additional information on the immigration programmes in Spain, you can book a consultation with us or contact us at : +34 683 238 499 (Tel/WhatsApp/Telegram/Viber) | e-mail: info@inimexeu.com | Skype: Linimex.
SPAIN: ADVANTAGES
This residence permit offers several advantages such as:
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- Access to a permanent residency status after living in Spain for only 5 years.
- Access to an internationally recognised banking system.
- Freedom of movement: With a Spanish residence permit, you will be able to enjoy the freedom of travelling to all the countries in the Schengen Area. Additionally, you will be able to request visas for other countries such as the United States, Australia, Canada, New Zealand or Britain.
- Health system: Spain has one of the finest health systems in the world, with high-quality hospitals and medical centres.
- Living costs and lifestyle: The cost of living in Spain is relatively low compared to other European countries. Moreover, the country is known for its healthy lifestyle, warm climate, beautiful beaches and delicious cuisine.
- Rich and diverse culture: Each region has its own traditions and specialties, a unique cultural heritage, a wide range of museums, historic monuments and national parks.
- Education: Spain has excellent schools and universities, both private and public.
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SPAIN: REQUIREMENTS
To satisfy the conditions outlined under the “Golden Visa” programme, as established by the Spanish immigration laws, you will have to meet the following main requirements:
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- Invest in real estate an amount of € 500,000 or more and maintain it for minimum 5 years.
- Have sufficient financial means to cover living expenses in Spain for the initial year of the residence permit. The minimum required amount for the main applicant is equivalent to 400% (€28,000 per year) of Spain’s Public Multiple Effects Income Indicator (IPREM) and an additional amount equivalent to 100% (€7,000 per year) of the IPREM for each family member.
- Open a bank account in Spain and transfer the minimum required funds to support yourself and your family in Spain.
- Subscribe to a Spanish medical insurance that covers all health risks.
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There are other investment options available, such as:
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- Investment at least € 2 million in the Spanish public debt;
- Investment of of € 1 million in shares in investment funds;
- Investment of minimum €1 million in funds of close-end type or venture capital funds set up Spain.
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SPAIN: DOCUMENTS
Documents issued in a foreign language will have to be translated into Spanish. Additionally, some of the documents will have to be legalised with the “Apostille of The Hague”. Below is a general list of documents required:
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- Passport.
- National identification card.
- Birth certificate.
- Marriage certificate, if applicable.
- Police certificate.
- Title deed and confirmation of real estate investment in Spain.
- Certificate from the Property Registry.
- Bank certificate and bank statements.
- Medical insurance covering all health risks in Spain.
- Documents justifying the source of income.
- Tax assessment.
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SPAIN: PROCESS
Below is a general description of the procedure that we tend to follow with our clients:
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- The initial step of the process is to have a first meeting to provide you with all the necessary information, evaluate your profile and answer any questions you may have.
- All your documents will need to be legalised and translated into Spanish. We will guide you and review your documents to make sure the format is acceptable by the Spanish authorities.
- We will assist you in opening a bank account and finding a property in Spain.
- If you decide to travel to Spain, we will be glad to welcome you during your stay and assist you with the process of renting or purchasing a property. If you are unable to travel to Spain, we may assist you with the process remotely by proxy.
- Once your documents are finalised and your file is complete, you will be able to submit an application for a long-stay visa at the Spanish consular authorities in your country of residence or of citizenship. Our team will prepare you for the interview and will complete all of the the visa application forms.
- If your application is approved, you will receive a visa that will allow you to travel to Spain and proceed with the following procedures related to your residency.
- The first Spanish residence permit is valid for 1 year and the following two are valid for a period of 2 years each.
- After residing in Spain for 5 years, you can apply for a permanent residence, valid for 10 years.
- Finally, after living in Spain for 10 years, you can apply for Spanish citizenship by naturalisation.
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CITIZENSHIP
There are four paths you can take to become a citizen of Spain:
1. Obtaining Spanish citizenship by descent, origin, and birth.
A child has the right to obtain the Spanish nationality in the following cases:
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- If one of the two parents is a Spanish national.
- If both parents are foreigners, but at least one of them was born in Spain and the child was also born in Spain.
- If both parents are stateless or unknown.
- If the child is adopted by Spanish nationals before the age of 18.
2. Obtaining Spanish citizenship by proving the lineage of Sephardic Jews.
Individuals descended from Sephardic Jews who were expelled from Spain during the 15th century can obtain Spanish citizenship.
3. Obtaining Spanish citizenship by marriage.
A foreigner that is married to a Spanish citizen can obtain the Spanish citizenship if:
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- The couple has been married for at least 1 year.
- The applicant is a widow and has not separated from the Spanish spouse at the time of the passing. The couple must have also been married for at least 1 year.
4. Obtaining Spanish citizenship by naturalisation.
Spanish citizenship can be obtained after 10 years of legal residence in Spain. In order to be eligible for citizenship, you will have to demonstrate sufficient knowledge of the Spanish language and the culture of the country.
It is important to highlight that the 10 year rule can be lowered in the following cases:
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- 5 years for refugees.
- 2 years for nationals of Latin American countries, Andorra, the Philippines, Equatorial Guinea, Portugal, and Sephardic Jewish origin.
- 1 year for individuals born in Spanish territory, individuals whose parents or grandparents were originally Spanish citizens, and widowed spouses of deceased Spanish citizens.
OTHER INFORMATION
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- The nationality application must be submitted to the Civil Registry of your residence in Spain;
- All documents submitted to the administration must be legalised and translated into Spanish;
- 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
Several clients of ours accepted to share their immigration experience to Spain with our help, below are some of them:
“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 deeply grateful for it.”
SPAIN: OUR SERVICES
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- Application for an immigration visa and a residence permit for financially independent applicants (Non-Lucrative) in Spain.
- Application for an immigration visa and a residence permit for investors (Golden visa) in Spain.
- Application for an immigration visa and a residence permit for Digital Nomads in Spain.
- Application for renewal of the residence permit and or change of status.
- Application for permanent residency in Spain.
- Submission of the citizenship application in Spain.
- Official translation of documents into Spanish, legalisation of documents and interpreter services.
- Opening a bank account for residents and non-resident in Spain. We work with various financial institutions such as Banco Santander, BBVA, Banco Sabadell, and CaixaBank.
- Application for a N.I.E in Spain (Foreign Identity Number).
- Assistance in renting or acquiring a property in Spain.
SPAIN: MISSION
Spain has been a well-liked destination among retirees, financially independent individual and investors. The “Golden Visa” immigration program allows individuals to obtain a residence permit in Spain through a real estate investment of at least € 500,000. This visa allows you to reside, work, study and establish a business in Spain. The initial visa is valid for 12 months, followed by two 2-year residency permit. After residing in Spain for 5 years, you may qualify to apply for a permanent residency card that is valid for 10 years.
Inimex Inc. and VIP Serveis Spain can help you at every step of the way leading to Spanish residency. We will assist you in the compilation of the necessary documents for your application, its translation as well as its legalisation. Our team offers a high-quality service by providing a comprehensive guidance for your settlement in Spain. Our expertise and knowledge enables us to give you valuable insights on the Spanish real estate market, the program’s conditions, benefits, procedure and any concern you may have with your immigration and settlement in Spain.
For additional information on the available immigration programs in Spain or to speak to one of our experts in the Spanish immigration field, you can book a consultation or contact us at : +34 683 238 499 (Tel/WhatsApp/Telegram/Viber) | e-mail: info@inimexeu.com | Skype: Linimex.
SPAIN: ADVANTAGES
In view of your establishment in Spain under the “Golden Visa” immigration program, you and your family members can enjoy a lot of benefits such as:
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- The right to move freely within the Schengen Area.
- Access to Spanish permanent residency after residing in the country for a period of 5 years.
- Spain offers a stable and secure banking system, allowing you to open a bank account in Spain and develop your assets.
- High-quality healthcare system. Spain’s medical care is ranked in 7th position elaborated by the World Health Organization.
- The education system in Spain is overall very good with various highly reputed universities. Spain offers a public, private (colegios privados), and semi-private (colegios concertados) schools. Spanish school system is listed among the top ten countries worldwide with having the best international schools.
- The cost of living in Spain is affordable and considered to be one of the lowest in Europe.
- A superb, vast and mountainous area with access to the sea in the south and to various national parks.
- Rich and diverse Spanish culture. Each Spanish region has its own traditions and specialties offering a unique cultural heritage, a wide range of museums, historic monuments and Michelin-starred restaurants.
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SPAIN: REQUIREMENTS
Option 1. To satisfy the conditions outlined under the “Golden Visa” immigration program as established by the Spanish immigration laws, you will have to meet the following main requirements:
-
-
- Invest in real estate of for an amount of € 500,000 or more in Spain and maintain it for minimum 5 years.
- Have sufficient financial means to cover living expenses in Spain for the initial year of the residence permit. The minimum required amount for the main applicant is equivalent to 400% (€28,000 per year) of Spain’s Public Multiple Effects Income Indicator (IPREM) and an additional amount equivalent to 100% (€7,000 per year) of the IPREM for each family member.
- Open a bank account in Spain and transfer the minimum required funds to justify you can support yourself and your family during your stay in Spain.
- Subscribe to a medical insurance in Spain that covers all health risks.
-
Additionally, there are other investment options that are available in Spain, which are the following:
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-
- Invest in the Spanish public debt of at least € 2 million (Option 2);
- Invest in shares in Investment funds of € 1 million (Option 3);
- Investment funds of close-end type or venture capital funds set up Spain for an amount of minimum €1 million (Option 3).
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SPAIN: DOCUMENTS
Documents issued in a foreign language will have to be translated into Spanish. Additionally, some of the documents will have to be legalised with the “Apostille of The Hague”. Below is a general list of documents required for the “Golden Visa” immigration program in Spain:
-
-
- Passport.
- National identification card.
- Birth certificate.
- Marriage certificate, if applicable.
- Police certificate.
- Title deed and confirmation of real estate investment in Spain.
- Certificate from the Property Registry.
- Bank certificate and bank statements.
- Medical insurance covering all health risks in Spain.
- Documents justifying the source of income.
- Tax assessment.
-
SPAIN: PROCESS
Below a general step-by-step process for an immigration application under the category of “Golden Visa” in Spain:
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-
- The initial part of the process is the evaluation of your profile in order to compile the necessary documents according to your specific situation. Some of the documents will have to be legalised or notarised, depending on the country emitting them. All documents that are issued in a foreign language will have to be translated into Spanish.
- You will be able to make a first trip to Spain and begin the search of a property. Our agents can help you prepare a portfolio of various properties in the city you would like settle that will be based on your preferences, needs and budget.
- You will also be able to launch the bank opening process in Spain.
- Once you have selected the property you would like acquire, our team can assist in your transaction and review all the documentation.
- Once your documents are prepared and your file is complete, we will prepare your application forms and you will be able to submit an application for a Spanish national visa to the Spanish consular services in your country.
- If your application is approved, you will obtain a vis Ian your passport that will allow you to travel to Spain and request a residency permit. The initial visa and the first residency permit is valid for a period of 1 year.
- The following two residency cards are valid 2 years each.
- After living in Spain for 5 years, you can apply for a permanent residence status, which is a 10-year residence permit.
- Finally, after living in Spain for 10 years without interruption, you can apply for Spanish citizenship through naturalization. Nationals from Ibero-American countries, such as Andorra, the Philippines, Equatorial Guinea, Portugal or individuals of Sephardic Jewish origin can apply for Spanish citizenship after only 2 years of residence in Spain.
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CITIZENSHIP
1. Descent, Origin, and Birth
A child has the right to Spanish nationality if:
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-
- One of the parents is Spanish;
- Both parents are foreigners, but at least one of them was born in Spain and the child also was born in Spain;
- Both parents are stateless or unknown;
- The child is adopted by Spanish parents before turning 18.
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2. By proving the lineage of Sephardic Jews. (By Sephardic origin)
3. Marriage
A foreigner who marries a Spanish citizen can acquire nationality if:
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- The couple has been married for at least 1 year and has never been separated;
- The applicant is widowed and has not separated from the Spanish spouse at the time of death.
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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:
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-
- 5 years for refugees;
- 2 years for nationals of Latin American countries, Andorra, the Philippines, Equatorial Guinea, Portugal, and Sephardic Jews;
- 1 year for people born in Spanish territory, people whose parents or grandparents were originally Spanish citizens, and widowed spouses of deceased Spanish citizens.
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OTHER INFORMATION
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-
- The nationality application must be submitted to the Civil Registry of your residence in Spain;
- All documents submitted to the administration must be legalised and translated into Spanish;
- 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
Several clients of ours accepted to share their immigration experience to Spain with our help, below are some of them:
“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 deeply grateful for it.”
SPAIN: OUR SERVICES
-
-
- Application for a visa and residence permit for financially independent applicants (Non-Lucrative) in Spain.
- Application for a visa and residence permit for investors (Golden visa) in Spain.
- Application for a visa and residence permit for Digital Nomads in Spain.
- Application for renewal of the residence permit and or change of status.
- Application for a permanent residency in Spain.
- Preparation and submission of the citizenship application in Spain.
- Application for a N.I.E in Spain (Foreign Identity Number).
- Opening a bank account for residents and non-resident in Spain (i.e. CaixaBank, Banco Santander, BBVA, Banco Sabadell, CaixaBank).
- Assistance in renting or acquiring a property in Spain. By sharing valuable insights on the real estate market, we make sure you are satisfied with your property choice.
- Official translation of documents into Spanish, legalisation of documents and interpreter services.
-