As a pioneer in European investment immigration, Worldway has been promoting immigration projects in Cyprus, Portugal, Greece, and other European countries. After ushering in the era of European immigration, it has now taken the lead in launching the "500,000 Euro Real Estate Immigration" program in Spain. As the first real estate immigration project in a major European country, it is sure to attract a new wave of interest from domestic investors.
Spain 500,000 Euro Real Estate Immigration Approved
In late May 2013, the Spanish government officially approved the new "Support for Entrepreneurs and Their Internationalization" during a cabinet meeting. The content that has attracted significant attention from overseas immigrants includes "Purchasing real estate worth 500,000 Euros can grant residency in Spain." On September 28, the bill was officially approved by the Spanish Parliament, which means that the immigration doors of the first major European country have been opened.
The new immigration law stipulates that foreigners can obtain Spanish residency for themselves, their spouses, and children under 18 by purchasing real estate worth over 500,000 Euros in Spain. The investment property can be one or multiple units and can be of any type, including residential, commercial, factories, warehouses, etc. After purchasing the property, the investor will first receive a two-year residence permit. After two years of holding the property, they can renew for another two years, with the requirement to enter Spain at least once within those two years, effectively eliminating the immigration monitoring requirement.
As Spain is a member of the European Union and the Schengen Area, holding a Spanish residence visa allows free movement across 26 Schengen countries, enjoying the conveniences of an international lifestyle. Children can benefit from Spain's high-quality public education from primary school to university, and after purchasing health insurance, the entire family can enjoy the same welfare benefits as local residents.
As a major tourist destination, Spain's national charm is uniquely attractive to investors, boasting excellent tourism resources and a high quality of life, earning it the title of the "Kingdom of Tourism." Spain is considered a developed country in today's world, with a well-established market economy and a GDP ranking among the top in European countries. Since the European debt crisis, property prices in Europe have dropped by nearly 30%, reaching near-bottom levels. With the gradual recovery of the economies of Germany and the United Kingdom, there are signs of recovery in Spanish real estate prices, making this an optimal time for investors to enter the market and purchase properties. Additionally, Spain has a sound legal system, a comprehensive credit system, and high integrity among property developers, resulting in low purchasing risks.
Worldway has established an independent customer service center in Europe, leveraging years of experience in investment immigration to keenly recognize the advantages of the new Spanish immigration policy and has been the first in the industry to launch it. As the first real estate immigration project in a major European country, Spain is sure to attract more investor attention and enthusiasm, generating significant industry response. Worldway will continue to provide investors with the most comprehensive immigration services and information.
