According to the draft Entrepreneurship Act, non-EEA citizens may apply for an investor visa in
if they meet one of the
following requirements: Spain
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
This project must meet at least one of the following conditions: Spain
- 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.