What are the requirements and procedures for Spanish property investment immigration?

According to Spanish law, individuals who obtain a residence permit through the Spanish investment program may apply for family reunification for their family members, obtain long-term residency, and even acquire Spanish citizenship. Among these options, the requirements for Spanish property investment immigration are relatively flexible, involving the purchase of Spanish real estate, such as residential or commercial properties, valued at no less than 500,000 euros within Spain, which provides an opportunity to immigrate to Spain.

Requirements for Spanish Property Investment Immigration

1. Non-EU citizens aged 18 or older;

2. No criminal record;

3. Enrollment in Spanish public or private health insurance;

4. Purchase of property in Spain valued at 500,000 euros or more (no restrictions on the number of properties or property type);

5. Proof of sufficient financial resources to cover the living expenses of the applicant and their family members during their stay in Spain;

Procedures for Spanish Property Investment Immigration

1. Obtain a tourist visa to travel to Spain for a site visit;

2. Sign the immigration program agreement and pay the deposit;

3. Execute a notarized power of attorney for legal representation and related authorizations;

4. Open a Spanish bank account;

5. Return to home country to pay the remaining balance;

6. Complete the property transfer and obtain the title deed;

7. Submit immigration documents to the embassy;

8. Relocate the family to Spain and apply for residency;

Validity: 1+2+2, renewable residence permit; permanent residency can be applied for after 5 years.

Family Reunification Application: Eligible dependents include a spouse and children under 18 years of age. Children over 18 must apply independently, unless they have a disability.

Residency Requirement: Must enter Spain at least once during the validity of the residence permit. There is no minimum residency duration requirement.

Property Sale: The property may only be sold once the applicant has obtained permanent residency (PR). During the temporary residency (TR) period, if the applicant wishes to sell the current property, they must invest at least 500,000 euros in Spain to maintain their temporary residence status.