The September 27, 2013 has been published and enacted Law 14/2013 on support for entrepreneurs and internationalization, which regulates new ways to acquire residence in Spain and Europe (Territory Schengen) for different reasons.

This time we will try for the purchase of a home or the purchase of several homes or real estate in the amount equal to or greater than 500,000 €.

BENEFITS

Obtaining of Residence Card en Europe for purchase of property in Spain permit the foreign investor may reside in Spain and around Europe ( Schengen area ), the first release would be for two years, the second for another two, and five years since being granted residency obtained permanent residence which is not subject to any requirement.

The spouse and minor children may also benefit from the release of the investor.

The difference with other types of authorizations is that through this type of procedure to grant the right of residence, i.e. there can be no possibility of denial is acquired.

CONDITIONS

The Obtaining of Residence Card en Europe for purchase of property in Spain provides for the possibility to get Spanish residency for foreigners who might make an investment involving the purchase of a home or other property. The requirements to be met are:

– Investment of equal or greater value to 500.00 Euros.

– It is not necessary that this amount be dedicated to a single dwelling or property, but may be several.

– The investment of 500,000 Euros has to be free of charges. I.e. purchase of housing cannot be financed in the mortgage amount, but if in excess of that amount.

– The applicant must demonstrate that the investor owns the property or property for as little as € 500,000. To do this you must provide the certificate or certificates of proficiency Land Registry corresponding to the property or properties.

– For home purchase, it is only necessary to have the NIE. It is mandatory to hold a bank account in Spain, although it is recommended.

– Other common requirements such as: No irregularly found in Spain, be over 18 years, have no criminal record and have health insurance.

Law 14/2013 published in the BOE (in Spanish)

 

Discover other ways easier to obtain the residence in Spain and Europe in next news.

To begin with the Obtaining of Residence Card en Europe for purchase of property in Spain now keep in touch via our contact section.

Start this process to purchase a property in Spain here : link

Residence Permit Europe for purchase of property in Spain