Requirements Of Citizenship By Investment Of Spain

Real 21 Citizenship by Investment | Second Passport Programs

The  citizenship by  investment of  Spain  procedure  is  linked to its   golden  visa program which provides residency to the non European Union   nationals in exchange   for making  important   financial  investments  in the nation.    Spain does not   direct citizenship  by investment program. For example, in some  other nations, golden visas provide a way to PR   and  citizenship   after the time of legal   residency. The procedure  of obtaining Spain  citizenship  through  investment  includes   different  steps, involving   making the   eligible  investment, applying for the  golden visa,  completing  residency  demands and  finally applying for the  citizenship.

Application for the Golden Visa

 After making the needed  investment,  the next stage is to  apply   for the golden visa of spain. This visa permits the investor, their spouse  and  children  the right   to work and live  in spain.  Golden visas  can be  applied   for  with the help of the spain   consulate  and  embassy   in the home nation  and  from within spain. The procedure  include collecting and  presenting   documents   involve: 

  •  Evidence of investment
  •  Evidence  of enough   financial  resources
  •  Health insurance 
  •   Check the  criminal background
  •   Reliable passport 

 All documents  are presented , the procedural time  for the golden visa  is   short, taking  between  20  to  60 days   for the approval.

Demands Of Residency 

One of the leverages of the Spain citizenship by investment is the  reliable  residency  demand.  Unlike the  other  residency  by investment  program , golden visa   holders  are not needed to live  in Spain for the particular  days every year  to keep their  good status  regarding  residency. Applying for PR  and  citizenship, investors   should live in Spain for 6 months  per year.

Golden visa  is allowed  for 2 years  and can be  renewed  every 5  years,  if the investment  is maintained.   The investor  and their family  members  can work, live in spain. This visa permits the keeper independence  movement  within the Schengen  area permitting  to travel  freely  within  26 European  nations.

Lead to Citizenship

After keeping the  golden  visa  for 5 years, investors  are eligible  to apply for the PR.  PR permits the investor to stay in Spain  without  renewing  their visa  and provide  them an approach  to most  of the same  rights  as  Spanish  citizens involve  Academic  leverage.

Applying for the  citizenship investment of  Spain, investors   should have lived  in Spain  for  10 years. Unlike PR,  citizenship  needs the  candidate  to show  entire  integration into the Spanish   community. This means 

  •  Lived  in Spain  for the needed  time  with no  absence.
  • Proficiency in the Spanish language which is examined  through  language tests. 
  •  Cultural integration test which examines the   candidate  information  of  Spanish  record  and constitution.
  •  Evidence  of  good character  like  clear criminal history.

After completing the demands, investors can apply   for the  naturalization.  Once  approved, people  gains   entire  spanish citizenship, involve vote right, work  randomly   within european   union and approach   all  social leverage accessible to spanish citizen. Spain does not permit dual citizenship  in some cases, so candidates  from nations that do not have a contract  with Spain  might have   to  abandon   their past nationality.

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