Real estate cost: 500 000 EUR
Applicant's mothly income: From 2 130 EUR
Application state fees: 3 000 EUR
Property onwership title tax: ~ 1500 EUR
Length of the process: 1 - 3 months
Visa-free travel: European Union
Spain has had a proactive immigration policy in place since September 2013, providing several investment options for obtaining residency based on different residence permit programs, including receiving a temporary residence permit (TRP) and a permanent residence permit (PRP) afterwards.
Today a foreigner can take an advantage of the Spanish migration program for investors and receive a long stay visa by applying for a temporary residence permit at the Spanish consulate in the country of origin or residence. According to Permanent Immigration Observatory, the most popular way of relocating to Spain is applying for a TRP.
Residence for investment program: real estate purchase
Temporary residence permit program in Spain based on real estate purchase offers foreigners a decent way of investing their financial means in Spanish immovable property in order to reside in the country. Currently this program is one of the most effective in EU, as in case of rental Spanish property may provide quite good investment return rates, making it not only an affordable immigration solution, but also a worthy investment.