Country Profiles
Project Introduction
Golden Residence Permit Program
On September 27, 2013, Spain enacted an immigration bill, which was updated on July 31, 2015, stipulating that an investor who purchases a 500,000 euro real estate project in Spain will be able to obtain a Spanish residency permit for three generations of immigrants.
Residence for 5 years, eligible to apply for permanent resident status in Spain. Residence for 10 years, eligible to apply for a Spanish passport, visa-free access to more than one hundred countries and regions around the world.
Non-Lucrative Residencial Authorization
Foreigners are allowed to reside in Spain by proving that they and their family have sufficient financial means not to engage in any profit-making activity in Spain.
The non-profit residence permit can be renewed if the holder has resided in Spain for at least 6 months per year and has sufficient financial means to support him/her and his/her family in Spain.In June 2023 the Spanish Judiciary announced the abolition of this requirement of residing in Spain for at least 6 months per year.
Applicant conditions:
1 The main applicant is over 18 years old and is not a resident of an EU member state;
2 No record of illegal stay in Spain;
3. not have a criminal record;
4. no restrictions on entry into Spain;
5. Proof of financial ability
*The main applicant’s monthly salary is €2,151.36, and €537.84 for each additional subsidiary application; any document that proves that he/she has sufficient financial resources, e.g., property deeds, checks, credit cards, stocks; preferably, a deposit of €1,000,000 or more.
6. have private medical insurance;
7. not suffering from a disease that would restrict entry into Spain + medical report.