INVESTOR VISA IN SPAIN

According to the draft Entrepreneurship Act, non-EEA citizens may apply for an investor visa in Spain if they meet one of the following requirements:

1.- Buy real estate with a minimum value of € 500,000 (the first € 500,000 must be free of liens);

2.- Invest € 2 million in Spanish bonds;

3.- Invest € 1 million in shares of Spanish companies;

4.- Deposit € 1 million in a bank account;

5.- Undertake a business project of general interest to be executed in Spain. This project must meet at least one of the following conditions:

- Creation of jobs (the draft does not specify how many);

- Investment of socioeconomic impact in the region where it will be executed;

- Relevant contribution to scientific and/ or technological innovation.

The investor visa allows for an initial residency of a 1 year period; visa holders can then apply for a residence permit which allows for a 2 year period stay.