Residency Program Overview
In 2013, the Spanish government enacted a law to introduce the residency by investment program. Eligibility for this program requires applicants to be at least 18 years old, in good health, and with a clean criminal record. Moreover, applicants are mandated to engage in a real estate purchase, invest in debentures or shares, or initiate a business project within the country in order to qualify for the program.
Eligibility & Benefits
Are you 18 or above, in good health, and have a clean record? That's the first step. We'll guide you through due diligence checks and help confirm your investment sources. Your eligible dependents include your spouse and children under 18 years of age, whether biological or adopted.
- Freedom of Movement: As a resident of Spain, you enjoy the privileges of being a resident of a European Union country, granting you the right to freedom of movement within the Schengen area.
- Guaranteed by Law: Rest assured, the program is firmly grounded in the law and has been government-guaranteed since 2013, providing a secure foundation for your residency.
- Health & Education: Experience the benefits of residing in Spain with access to exceptional educational institutions and healthcare services for you and your family.
- Dual Residency Permitted: Spain welcomes dual residency, allowing you to retain your existing nationality or other residencies. However, note that Spain generally does not allow for dual citizenship, with some exceptions.
Time frame & Legalities
The expected time frame for the application process is approximately 6 months, with the initial document collection stage varying based on the applicant's ability to gather the required documents. Our team aids in this process, offering samples and best practice advice. The review stage aligns with the Government's schedule and may be affected by factors beyond our control as authorized agents. Throughout the entire process, Baytify collaborates closely with the Government, striving to ensure the quickest and smoothest experience for the applicant.
The Spanish Government introduced the Residences Visa Law 14/2013 on September 27, 2013, aimed at supporting entrepreneurs and internationalization. This law allows non-EU citizens to obtain a Residence Permit by investing a minimum of €500,000 Euros in Real Estate in Spain. The initial residence permit is issued for one year and can be renewed for subsequent two-year periods, provided that the real estate property is still owned by the applicant.
