If a foreign citizen has made or will make a significant investment in Spain, they can benefit from the residence regime for investors.
The Law of Support for Entrepreneurs regulates certain cases in which, for reasons of economic interest, the granting of visas and residence permits is facilitated and expedited. The measures are extended to spouses, common-law partners, children under 18 years of age and dependent ascendants.
The cases are
a) Investment in financial assets such as:
- Public debt (2 million euros).
- Shares or shareholdings in companies with Spanish capital (1 million euros).
- Investment funds, closed-end investment funds or venture capital funds set up in Spain (1 million euros).
- Bank deposits in Spanish financial institutions (1 million euros).
b) Investment in real estate:
- Investment in real estate free of charge for a value of 500,000 euros, at least.
The residence permit will have an initial duration of two years and will constitute a sufficient legal document to reside and work in Spain.
It contemplates a speeding up in the processing of visas and authorizations establishing a resolution period of 10 business days for visas and 20 working days for authorizations.
The residence permit may be renewed if the requirements continue to be fulfilled by the citizen and at least one visit to Spain has been made during the period of residence.
