How much do you need to invest in Spain? (2024)

How much do you need to invest in Spain?

Spain residency obtained through the Golden Visa

program requires a minimum real estate investment of EUR 500,000 (reduced to EUR 350,000 using a leaseback option). Spain citizenship, i.e. the European passport, is available to Golden Visa holders after ten (10) years in permanent resident status.

How much do you need to invest in Spain to get a passport?

Minimum investment: Applicants must make a qualifying investment (at least €500,000) in Spanish real estate, business projects, or government bonds. Financial capacity: Demonstrating sufficient financial means to support themselves and their family during their stay in Spain is required.

How much money do you need in the bank to get residency in Spain?

In calculating the proof of income for non-lucrative residency, you must have an annual income of 400% of IPREM in your bank account. The IPREM for 2023 is €600 per month. Therefore, as an individual, you will need to have €2,400 as a regular guaranteed monthly income or a yearly income of €28,800.

What is the minimum investment visa in Spain?

The minimum investment amount is €500,000. With this amount, you can buy residential or commercial property in Spain. You need to invest at least €1,000,000 in purchasing shares of Spanish companies or investment fund units. To get a Golden Visa for buying government bonds, you must invest twice as much — €2,000,000.

Is it smart to buy property in Spain?

In layperson's terms, buying property in Spain is considered a safe investment. It's highly unlikely that you'll lose any money if you take the plunge – provided you seek expert guidance and support throughout the buying process.

Can I get permanent residency in Spain if I buy a house?

The Spanish Golden Visa grants automatic residency in Spain when you purchase property for 500,000€ or more. This can be any type of property: home, commercial, land, or a combination of properties.

Can you get a Golden Visa in Spain?

Spanish Golden Visas can be obtained by making one of the following investments: Purchase property in Spain worth at least USD 500,000 in total. Invest at least USD 2,000,000 in the Spanish public debt. Make a bank deposit of at least USD 1,000,000 in a Spanish bank or buy shares in a company.

Can I get a visa in Spain if I buy a property?

Once you have bought a property that meets the investment criteria (more than €500,000 on the deeds), you apply for a 1-year investor visa, which allows you to spend any part of the year in Spain, and travel freely in the Schengen area.

Is Spain changing the 90 day rule?

With this in mind, Spain is now joining France in its efforts to scrap the 90 day rule for UK nationals. According to Spain's acting Minister of Tourism, Hector Gomez, it's in Spain's 'interest to lobby and convince the EU that it can try to work an exception with them'.

Is Spain open to foreign investment?

Spain has a favorable legal framework for foreign investors. The Spanish Constitution and Spanish law establish clear rights to private ownership, and foreign firms receive the same legal treatment as Spanish companies.

What is the best investment in Spain?

Why is property in Spain so cheap?

Thus we see the availability of housing is 40% higher in Spain. That figure alone would explain why the rent is much cheaper. In addition, as Stephan Gasteyger has said, the Spanish economy and real estate market are in a downward cycle and that pushes prices even lower.

Is it better to buy property in Spain or Portugal?

Is property cheaper in Spain or Portugal? Property in Portugal is far cheaper than in Spain, and with attractive rental yields in Lisbon and the Algarve, you can understand why Portugal is such a popular choice for investors.

How much do you need a month to live comfortably in Spain?

If want to eat out regularly, shop frequently, and travel in or around the country, then a budget of €1,700 is enough to live comfortably. Families with children should budget €2,200 to €2,881 per month.

Does Spain allow dual citizenship?

Dual citizenship is permitted for all Spaniards by origin, as long as they declare their will to retain Spanish nationality within three years of the acquisition of another nationality.

How long can you live in Spain without residency?

How long can you stay in Spain without becoming a resident? The short-stay visa only allows you to reside in Spain for up to 90 days at a time out of every 180 days, or a maximum of around 180 days a year.

What is the easiest way to get permanent residency in Spain?

Individuals can obtain permanent residency in Spain after having legally lived in the country for a period of five uninterrupted years. When they fulfill this specific condition, they can apply for permanent residency and then gain the right to live for the rest of their lives in the country.

What are the new rules for residency in Spain 2023?

During this 2023, the monthly IPREM is 600€, while that translates to a yearly amount of 7.200€. This means that: For the main applicant of the non-profit visa, it will be necessary to prove the possession of €28,800 (400% of the IPREM) € 7,200 (100% of the IPREM) for each family member included in the application.

What is golden visa in Spain?

The Golden Visa, also known as the investor visa Spain, is an authorisation granted by the Spanish government to non-EU citizens who wish to stay in Spain for an extended period. This type of visa allows applicants to live, work and study in Spain, and it offers a pathway to citizenship.

What is the 500000 golden visa in Spain?

Spain launched its golden visa programme in 2013. An investment of €500,000 in real estate will gain family residency. The Spanish investor visa can be renewed every two years. After five years it is possible to gain permanent residency and after ten years citizenship.

Is Spain getting rid of golden visa?

Recent news on the Spain Golden Visa in 2023 is that … “The Spanish government has admitted it's considering two alternatives: abolishing the “golden visa” altogether or doubling to €1 million the minimum amount of investment required.”

How long can I live in Spain if I buy property?

Yes, you can get residency in Spain after buying a house, and that is thanks to the golden visa scheme. Since 2013, non-EU citizens who purchase a property in the Spanish territory can get a 2-year residence permit (that can be renewed) as long as the property investment is at least € 500.000.

Can I live in Spain full time if I buy a property?

Yes, if you are a non-EU citizen, you can obtain a residence permit in Spain valid for 3 years as long as the property you purchase is valued at over €500,000. This residency is famously called golden visa, and comes with great advantages (which we will explore below).

How to buy a villa in Spain?

What is the 100 rule in Spain?

Travellers to Spain from outside the European Union (EU), have to produce proof that they have enough cash to support themselves for the entirety of the trip., Tourists are required to have at least 100 euros or $110 for each day of vacationing in Spain along with 900 euros or $984 for possible emergencies.