Spain is one of Europe’s most popular holiday destinations with a diverse culture and history. It is a full member of the EU and Schengen area. In 2013, the Government of Spain enacted Law 14/2013 allowing non-EU citizens the opportunity to acquire a temporary residence permit in exchange for the purchase of real estate with a minimum vale of EUR 500,000. The Golden Visa is a temporary residence permit valid for a period of one year from the date of issue and may be renewed for successive periods of two years and on year 3 again renewed for successive of two years, provided that the necessary requirements for its granting are maintained.
Summary of Key Advantages
• Visa-free travel throughout the Schengen Area
• Right to live, work, and study in Spain
• Residency granted within three months
• No physical presence requirement
• Investment options starting from EUR 500,000
• High quality of life, fantastic local cuisine, rich culture, mild
climate, and high level of security
• Citizenship possible after ten years of legal residence
