The Entrepreneurship Act was finally passed last September 28th. Non-EU/ EEA citizens may now apply for an investor visa in
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;
- Investment of socioeconomic impact in the region where it will be executed;
- Relevant contribution to scientific and/ or technological innovation.
The project must also receive the approval of the Spanish Economic and Trade Office nearest to the applicant in the form of a favourable report.
It is worth noting that the investment can also be executed through a company if the applicant holds the majority of voting rights. Finally, the investor visa allows for an initial residency of a 1 year period.