Which is the most golden of all the Golden Visa programs for Filipinos? Several EU countries have quite successful programs, offering investors the possibility of obtaining a visa without the usual hassles and some extra benefits. Of course each program has its own advantages and disadvantages so there is no one size fits all. However, upon closer inspection, the Spanish program does seem especially suited for Filipinos. Why is that? Keep reading our blog to find out more.
1.- Which are the general conditions to be eligible for the visa?
The law has considered three conditions which can render an investor eligible for the visa (meeting one of them is enough to qualify the applicant):
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; € 1 million in shares of Spanish companies; € 1 million in investment funds or venture capital funds; or deposit € 1 million in a bank account;
3.- Undertake a business project of general interest to be executed in Spain.
2.- Are there any limitations as to the buying of real estate?
The only limitation is that each applicant must invest at least € 500,000 and the property must be free of liens and encumbrances. All types of property are eligible and may be used or leased freely.
3.- For how long is the investor’s visa valid? Can the investor apply for a residence permit?
4.- So why is the Spanish program of greater interest to the Philippines?