Moving to Spain is the best solution for those who seek to live in a modern, developed country where all the benefits of civilization is complemented by a stunning climate and ancient history. How to emigrate to Spain, what opportunities for citizens of different countries exist today? It is necessary to understand at once that a residence permit is not a citizenship. This is a “Residence View”. It is issued on the basis of different types of visas.
Who is entitled to stay in Spain?
As in other European countries, they can legally stay in Spain:
- Tourists (tourist visa);
- Students (student visa);
- Workers (work visa);
- Investors (residence permit is issued when buying property in Spain, as well as when opening their own business in the country).
No one canceled the family ties, refugee or resettlement status, as well as marriage to a Spaniard – on the basis of marriage can immediately get a residence permit. Consider in detail all options for obtaining a residence permit, assuming a long legal stay in the country.
Buying Spanish property as an easy way to get a residence permit
If there are financial possibilities, this method of obtaining a Spanish residence permit can be called the easiest. Spanish law does not impose any restrictions on foreigners, and mortgage cover up to 80% of the cost of purchased housing banks give everyone. If you buy property without a mortgage, and its value exceeds 500 thousand euros, then the Golden visa investor is immediately issued. It gives the right to stay in the country at any time within 12 months (from 1 to 365 days), and obtained on the basis of such a visa residence permit allows you to carry out working activities in Spain (official employment). Citizenship is granted 10 years after obtaining the Golden visa.
If the acquired property costs less than 500 thousand euros and is issued on a mortgage, the investor receives a visa “Visado de Residencia no Lucrativa”. It is also given to those who rent housing for a period of 2 years or more. It is necessary to confirm the income, which should be at least 28 thousand euros per year (plus 7 thousand euros per year for each family member). Work rights obtained on the basis of such a visa residence permit does not give, because it assumes that applicants who already have independent sources of income.
Having bought inexpensive housing in Spain and received a visa, briefly called “no Lucrativa”, you must stay in the country for at least 6 months annually (Golden visa does not require any conditions on the duration of stay in Spain). Formalizing such a residence permit, it will need to be extended in 1 year, then in 2 years, once again – after 5 years. After that, you can obtain citizenship. Here you can learn more about mallorca property prices.
Visa and residence permit in Spain for businessmen
Investing in the Spanish economy also entitles the investor and his family members to a residence permit. But in this case, the foreigner must meet many conditions for those who want to run their business in Spain:
- It is necessary to create jobs, pay taxes on time, and economic activity must be active (growth in turnover and profits by the end of each reporting period);
- Investment in the securities market must be at least €2 million and in other sectors at least €1 million (a deposit of €1 million can be made with a bank).
Management companies are registered with the Social Security Fund and regularly report to the Social Security Fund and the Tax Inspectorate as individual entrepreneurs. In this case it is also necessary to renew the investor’s visa after 2 years, then after another 2 years, last time – after 5 years. Then it is possible to apply for citizenship.