Residence for investment program

Temporary residence permit program in Spain based on making bond acquisition offers foreigners an easy way of investing their financial means in Spanish Economy in order to reside in the country longer than 3 months within a 6-month period.

Eligibility

A foreigner is eligible to apply for a residence permit, if he or she has reached legal age of 18 years, has no criminal record, does not have been refused entry to any of the Schengen countries, has proven monthly income 2 130 EUR for the main applicant, 532 EUR for any additional family members applying.

It is also possible to submit a request for family members – applicant’s dependent children or spouse by marriage.

Requirements

In order to acquire a temporary residence permit of Spain on the grounds of bond acquisition the following requirements must be met:

• The investment in securities of Spanish government debt in amount of at least 2 000 000 EUR must be made;
• An investment in amount equal to or greater than 1 000 000 EUR in shares or shares of Spanish companies must be made;
• A copy of the declaration of the investment made with the Registry of Foreign Investment of the Ministry of Economy and Competitiveness should be submitted;
• All fees and extra costs should be covered as well.

State fees and costs

In order to apply for a Spanish residence permit based on the bond acquisition, you will have the following expenses (apart from the investment volume itself) involved:

• notary and registry fees ~ 450-750 EUR;
• application fee 60 EUR;
• examination of the documents submitted for requesting a temporary residence permit 190 - 400 EUR for the main applicant, the spouse, children (depends on the processing period);
• documents legalization fee ~ 30 EUR per document (if applicable).

In order to apply for a Spanish residence permit based on the bond acquisition, you will have the following expenses (apart from the investment volume itself) involved:

Documents

In order to receive a temporary residence permit in Spain, the foreigner must have a valid travel document and submit the following documents (requirements for residency can differ depending upon the applicant’s country of origin):

• a copy of passport;
• passport-sized photos;
• a copy of driver’s license/ID (if applicable);
• a definite sample form for a residence permit request;
• a police clearance certificate;
• a medical certificate;
• a marriage certificate (if applicable for spouse application);
• a certificate of the financial intermediary, recorded in the Bank of Spain;
• a certificate from the Bank of Spain, stating that the person is really the only holder of the investment for a period not less than 5 years;
• a travel/health insurance (prepared and submitted after a positive decision is issued);
• copies of documents confirming relationship: birth or marriage certificates (if applicable for family members applications).