Residency and Visas for Qualified Investors in Spain
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Evolution of Spain's Investor Residency Programs
In response to the growing interest of non-EU residents in making significant capital investments, Spain has evolved its investor residency programs to attract qualified investors and foster economic growth.
1.1 Financial Investments
Spain’s investor residency programs offer flexibility through various investment avenues:
Financial Assets: To qualify, investors must make an initial investment of two million euros in Spanish public debt securities, one million euros in shares or equity of Spanish companies with genuine business activities, one million euros in investment funds, or one million euros in deposits in Spanish financial institutions.
Real Estate Acquisition: Another option is to acquire real estate in Spain with an investment value equal to or exceeding 500,000 euros per applicant.
Business Project: For investors engaging in a business project, a favorable report is necessary, obtained before applying for a visa or residence authorization. The report requires the submission of specific documents, including the Business Project Report Application form and a copy of the ID or passport.
Types of Residency Permits
2.1 Visa
For applicants outside Spain, a visa grants permission to reside and work nationwide. The permit’s duration is one year, except for real estate acquisitions through earnest money contracts, which have a duration of six months. After the first year, investors must apply for a residence authorization.
2.2 Residence Authorization
Applicants legally present in Spain receive a three-year permit to reside and work nationwide.
Where to Apply for Residence
Visa
Diplomatic Missions and Consular Offices, including Embassies and Consulates.
Residence Authorization
Large Companies and Strategic Collectives Unit (UGE-CE).
Required Documents
4.1 General Documents
Refer to General Information for general document requirements.
4.2 Investor-Specific Documents
For financial investments or real estate acquisitions, applicants must provide specific documents as evidence:
Financial Assets: Depending on the type of investment, submission of investment declarations, financial intermediary certificates, or bank certificates is necessary.
Real Estate Acquisition: Proof of property acquisition, such as certifications of ownership and charges from the corresponding Property Registry, is required.
Business Project: Apart from the standard documents, the applicant must submit a Curriculum Vitae detailing their education and professional experience, a detailed business project justifying the creation of jobs, socio-economic impact, or contribution to scientific/technological innovation.
Business Entity Requirements
Investments through a legal entity not considered a tax haven according to Spanish regulations require additional documentation:
Documentation Verification: An report confirming the applicant’s majority voting rights and the authority to appoint or dismiss the majority of its administrative body.
Where to Apply for the Report: Similar to the residence authorization, the Economic and Commercial Office within the geographic jurisdiction where the investor submits their visa application (for visa applicants) or the General Directorate of International Trade and Investments (for residence authorization applicants).
Conclusion
At Employing In Spain, we recognize the critical importance of understanding Spain’s investor visa and residency programs for international businesses. This knowledge is crucial for companies with employees in Spain.
If you need expert advice on labor and employment matters, including applications for investor visas and residency authorizations, our dedicated team is ready to assist you.
Contact us today to schedule your appointment and ensure the success of your organization in Spain.
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