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On September 19, 2013 Congress finally approved the law which regulates the possibility of obtaining Spanish residence through certain investments.
How to prove the investment
Visa and residence permit
The visa obtained gives the right to reside in Spain for one year and entitles you to apply for a residence permit for TWO YEARS, fulfilling the following requirements:
If the above requirements are maintained the residence permit can be renewed for a further TWO YEARS.
The law does not specify whether there are possibilities for subsequent renewals, however it is reasonable to think so, provided that the initial investments is maintained. In fact the law refers to “renewal periods of two years”, in plural.
It is possible to include the spouse and children (MINORS) in the application; alternatively they can be included afterwards.
General requirements which should also be considered
The applicant must also fulfil the following requirements:
The big question that arises is the treatment which these residents will receive in terms of taxes. In general terms it must be considered that a resident is liable to pay income tax on profits earned worldwide.
This may not be of interest to investors who, for various reasons, are seeking residency in Spain but do not want to pay taxes in this country based on their worldwide income.
Important COVID-19 coronavirus information and advice for existing and new clients of ATA Spain
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We are working from the office and remotely and can always be contacted on +34 951 607 006 or +34 626 559 714. Email email@example.com – we are happy to participate in video calls via Skype or Facetime.
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