The Spanish Golden Residency Visa has now been approved – allowing non-EU investors to get residency in Spain when investing €500,000 into real estate.
International investors who by a property totaling the value of €500,000 in Spain, will now be able to apply for residency in Spain through the long awaited golden visa scheme. Under the new visa scheme, non-EU investors and their family will be able to live in Spain, take advantage of the educational system and travel visa-free throughout the EU’s Schengen Zone countries. Holders of the residency visa will also be able to apply for permanent residency after 6 years, and eventually citizenship after 10 years.
It is widely expected that Low property prices, visa-free access to EU Schengen Countries and the residency permit will attract attention from investors in China, Russia and UAE. This government has been launched to help ease the pressure off of the property market in Spain, and it is expected that the surge in demand from real estate investors seeking the residency permit, will kick start Spain’s real estate market.
Residency Invest has teamed up withPropertiesabroad.com to offer a complete residency package, from finding investors the perfect property, to assisting them with the purchase (legal advice), to applying for the residency permit once the property purchase is complete. Please contact Residency Invest on +44 208 920 920 9414 for more information.