If you are looking for diversifying your investment, one of the best options you can make is to invest in Spain, despite its lovely weather, the low cost of living and its high quality of living and long life expectancy, Real estate prices dropped in 2013 and had a strong economic recovery with one of the strongest growth in Europe.
In 2013 after the hit to the Spanish economy, the government created an investment program for non-EU citizens to get fast-tracked residency and benefits in return, the purpose was to attract foreign investors to purchase a property or to open their own business in order to inject the money back to the economy and employ Spanish citizens. In the same vein of other countries similar laws such as (Greece, Portugal). The program that was made by these countries was named as the golden visa program.
Spain Golden Visa program was made for individuals who are interested in working and living in Spain by purchasing or owning a real estate property or lands by investing in a minimum of 500,000 Euro. The Golden visa comes with some beneficial perks for those who are interested in investing abroad in Spain, one of the main benefits of Spain golden visa are:
- With Spanish golden visa, you can live, work, study and retire in Spain.
- Your entire family (Spouse, Children, and dependents) will receive Spanish residency.
- Spanish residency visa-free travel to all Schengen countries.
- Residence in Spain is not compulsory, the only requirement is, whoever applies for the visa must travel at least once during the granted period.
- Excellent international schools and access to Spain health care system.
- Easy renewal Process for the residency permit.
The Golden Visa Program eliminates any in-country requirements to reside, which means by investing abroad in Spain you can travel freely in and out of the country while still maintaining your temporary residency permit.
After five years of temporary residency under this investment program, you can qualify for permit residency. After five years of permanent residency (ten total years from point of investment), you can qualify for Spanish citizenship.
Spain is among the top visited countries in Europe, it has beautiful beaches amazing landscapes and a thousand-year-old building, and there are also many famous artworks. The Spanish language is the 2nd spoken language in the world. Life in Spain is wonderful it is affordable and with a high quality of life comparing to other parts in Europe. Spain is the sixth largest in Europe and the fifth in the European Union.
Spain is a great opportunity for individuals and their families who want to settle down in a beautiful place with its amazing landscapes, wonderful nature, people who invest in there will have the freedom to travel to all Schengen countries along with the ability to work and to live all this through Spain golden visa program.