Residence and Work Permit Program Through Real Estate Investment
The residence and work permit granted through a real estate investment of at least € 500,000 in Spain provides the free movement right in 26 Schengen countries.
With the “Golden Residence Permit” adopted in 2013, you can also benefit from the opportunities such as residence permit, business start-up, work, health and education.
Following the 2-year residence permit, the Spanish Government grants the right to renew the residence permit every 5 years provided that the real estate purchased is not sold.
There is no obligation to reside in Spain. Such real estate can be residential or commercial, and it can also be rented out.
More than one real estate can be purchased provided that their total value will be at least 500,000 Euros.
The program covers the investor him/herself, his/her spouse and his/her children under 18. Children over 18 and parents who are financially dependent may also participate in the program.
In Spain, you only pay tax on your relevant rental income. Your income in other countries is not subject to taxation.