. Grants the right to reside in Spain and travel in Europe but not work or gain benefits from the Spanish state
How to obtain Spanish Economic Residency by Investment
Discover the world through Spain citizenship by investment.
Spanish citizenship can be achieved through an immigration via an investor visa scheme. It is however important to highlight the difference between residency and citizenship.
The new visa scheme allows residency for anyone investing over 500,000 Euros in a property in Spain, granting the right to reside in Spain and travel in Europe but not work or gain benefits from the Spanish state.
The investor does not need to reside in Spain although his or her immediate family can reside in Spain and go to school and university. Typically through the investor immigration scheme residency can be renewed after one year and again after three years if the investment is retained. After which permanent residency can be achieved.
After six years the investor may apply for citizenship which allows the issuing of a Spanish passport. It is important to make this distinction as many real estate agents are advertising citizenship with the new golden visa investor program in Spain.
It is residency and not citizenship that is offered. Eventually once obtained, Citizenship grants a person the same rights as any Spanish national.
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