The investment immigration to Spain did not undergo significant changes at the beginning of 2019, as the policies continued based on the government's decisions made in 2013. Before applying for immigration, individuals should set aside the necessary expenses to avoid impacting their current family life while ensuring future living arrangements. This way, everyone can look forward to a wonderful life in Spain.
1. Immigration to Spain Requires Property Purchase
Not all immigration countries require individuals to purchase property, and Spain is one of the few exceptions. Since 2013, the Spanish government has decided to relax immigration policies, allowing individuals who purchase property worth over 500,000 euros to obtain a visa valid for up to 2 years.
Typically, individuals need to apply for a visa when traveling, but travel visas and immigration visas are quite different. Firstly, they differ in validity periods. Travel visas rarely exceed one month, and if one wishes to extend their travel time, they must apply again. The immigration visa obtained through property purchase in Spain is valid for two years. During this time, individuals can prepare to apply for a long-term residence permit, allowing them to live in Spain permanently. Furthermore, the purposes of travel visas and immigration visas differ. Travel visas are only for tourism, while immigration visas can be used for business activities, investments, and more.
2. Immigration to Spain Requires Health Insurance
The Spanish government requires immigrants to purchase health insurance from within the country. Even if you have purchased such products in your home country, they are not valid in Spain. The purpose of this requirement is to ensure that immigrants to Spain have coverage while also generating revenue for the Spanish insurance industry. This policy is easy to understand and relatively acceptable.
Compared to the funds required for property purchase, the cost of insurance is minimal, with an annual investment of around 600 euros per person. Once insurance is purchased, individuals can enjoy Spain's healthcare benefits, which is quite convenient for immigrants. The cost of living in European countries is generally high, and while the healthcare standards are also high, so are the medical expenses. After insurance reimbursement, the overall costs will not be excessive, ensuring that individuals can maintain a relatively high standard of living, at least not worse than in their home country.
3. Other Costs of Immigration to Spain
In addition to these fixed costs, other expenses for immigrating to Spain can vary from person to person. Friends wishing to immigrate can choose a reputable immigration agency, which will calculate reasonable fees for you, including consultation fees and attorney fees. If immigrants choose local individuals, they may increase charges and may not handle matters effectively.
Consultation fees refer to the costs incurred when individuals wish to immigrate but do not know what to do, allowing them to consult professionals who handle related services in detail. All details are covered, and after consuming a certain amount of time, the other party charges a fee. The fee will not exceed 10,000 euros, and in case of failure, this amount will be fully refunded. Attorney fees are incurred when purchasing property, as various procedures need to be handled, including notarization. If the transfer is unsuccessful, there will also be a refund situation. Adding other service fees, the total expenditure can reach 60,000 to 70,000 euros.
