
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.