Spain

About Spain

Spain is a member of EU and Schengen Union. It is located in the south of Europe. Spain shares the Iberian Peninsula with Portugal, with the northeast border to France and Andorra. Spain is known as the third most favorable traveling country and home to the most natural and cultural heritage. Lonija Silk Exchange, Monastery and Site of the Escurial in Madrid, Palau Güell in Bacelona and Santiago de compostela old town are famous tourists sites.

Migrant Conditions

Qualification:

1. Purchase real estate of value above €500,000.
2. Principal applicant is above age of 18.
3. No criminal record

Family Sponsorship:

• Your spouse
• Unmarried children under the age of 18
• Dependent child under the age of 18 who is a full-time student
• Parents who are retired (retirement certificate must be provided)and financially dependent on the applicant

Residence Requirement:
Only need to visit Spain once a year

Processing Time:

• After completing the property purchase procedures, it takes approximately 9-12 months to obtain residency status.
• Resident who has stayed for 4 years and 2 months within 5 years can apply for permanentresidence.
• Resident who has lived in Spain for 8 years and 4 months within 10 years can apply for Spanish citizenship (must pass the Spanish citizenship and language test)

Documents Required

For applying Schengen Visa:

• 2 color photos (35mm x 45mm, in white background)
• Travel documents in original and hard copy (visa stamped pages) (eligible for at least 1 year)
• Household registration in original and hard copy
• Marriage Certificate hard copy
• Invitation Letter sent from Spain
• Bank statement hard copy for the past 6 months and bank-pass book
• Work Proof with company stamp
• Leave Lette
• Departure and return ticket
• Hotel booking proof
• Travel insurance
• Schengen Visa Form

For applying Golden Resident Visa:

• Passport and certified copy (eligible for at least 1 year)
• Household registration copy (with Spanish translation)
• Marital Certificate (with Spanish translation)
• Birth Certificate (with Spanish translation)
• Medical insurance proof (protected in Spain and Europe)
• No criminal record within 5 years in current residence and in Spain (with Spanish translation)
• Bank Statement (balance is about €50,000)
• Work and income proof (with Spanish translation, applicable only to employed applicant. E.g. Salary Receipt, Labour Contract, Employer Claim, Bank Statement
• Property investment contract and ownership proof or agreement on business registration (documents prepared by lawyer in Spain)
• Residence Proof for the past 3 months (e.g. Tax bill, electricity bill) (with Spanish translation) (e.g. Tax bill, electricity bill)

Required documents for investment projects:

• Documents for opening bank accounts in Hong Kong and Spain
• Documents issued by the real estate registration department certifying that the applicanthas purchased a debt-free real estate
• Relevant tax payment certificate: provide a debt-free certificate issued by the Spanish taxoffice to the customs department and the social security department
• Tax certification number (Fiscal Number)

Advantages of Spain Golden Resident Migrant

Global Citizen Identity
Enjoy visa free in 158 countries over the world. Travel to 26 Europe Schengen countries without limitation.

Low Resident Requirement
No collection of inheritance tax. Spain collects individual income tax, business profit tax and capital gain tax.

No Inheritance Tax
No collection of inheritance tax. Spain collects individual income tax, business profit tax and capital gain tax.

Tremendous welfare
Residents enjoy free medical service, comprehensive Social dole and retirement pension. Multiple old-aged policies are executed in Spain in transportation or cultural entertainment.

High Quality Medical Network
Basic medical protection and professional care are ensured as the medical network in Spain is well developed with a high density of clinics, hospitals and dental practices. Diagnosis using mobile phone is also an increasing trend in Spain for doctors keeping in touch with their patients. The average lifespan of Spanish citizens reaches 82.1 years.

12 years free education
Spain residents enjoy 12 years free education. Nowadays, there are more than 100 universities and 300 high colleges in Spain, including University of Salamanca and University of Granada. Both of the two schools are in the list of the most traditional institutions in Europe, Salamanca earns the same reputation as Cambridge University in UK. Spain is also famous for its music college. There are a total of 43 music colleges, including Madrid Royal Music School and Barcelona Music College which are the top tier music education institutions in the World.

The 3rd Global Language
Spanish is the third global language.There are 500 million people who speak Spanish around the world. With the increasing important role of Latin America in global commerce, Spanish has become a widely used language for commerce.

Common FAQ

1.	Q:	After receiving the permanent residency in Spain, if the price of the invested properties decline to less than €500,000, is it needed for the applicant to reimburse additional capital to fulfill the requirement?
	A:	Not needed. The €500,000 requirement is only enforceable at the time the investment is made. If the applicant would like to invest in properties above €500,000, the minimum initial payment must equal to €500,000. Applicants can apply for a mortgage or loan for the remaining portion of payment.
2.	Q:	What are some examples of taxes Portugal collect?
	A:	Personal Income Tax: Below €18,000: tax free Above €18,000: 24% The highest tax rate: 35% Business Profit Tax: Below €2,000,000: 25%；The highest tax rate: 35% Value Added Tax: Value Added Tax on real estate: 21% of added value Value Added Tax on investment: 21% of added value Inheritance Tax: No Global Tax: Non-resident is not required Resident who live in Portugal for 183 days is required to pay it Rental Property Tax: 25% after deduction of all expenses
3.	Q:	Besides the service fee from our company, are there any extra charges?
	A:	Property Tax and Land Tax Lawyer fee (Including property transfer fee, submission fee and application fee)
4.	Q:	Can the applicant’s children enjoy free education in Spain?
	A:	Yes, the applicant’s children enjoy 12 years free education.
5.	Q:	Can the applicant’s children receive education from any of EU member countries?
	A:	The applicant’s children can receive education from any of EU member countries.
6.	Q:	Can the applicant’s family work in Spain?
	A:	Principle applicant as investor can set up a business instead of being employed in Spain. Applicant’s spouse and children can find jobs in Spain after being residents
7.	Q:	What is the Schengen Area?
	A:	The Schengen Area was formed under the confederation of Schengen Agreement. It consists of 26 European Countries including Austria, Belgium, Denmark, Finland, France, Germany, Iceland, Italy, Israel, Luxemburg, Netherland, Norway, Portugal, Spain, Sweden, Hungary, Czech Republic, Slovakia, Slovenia, Poland, Estonia, Latvia, Lithuania, Republic of Malta, Switzerland and Liechtenstein. Schengen Area is not the same as the European Union (EU)
8.	Q:	How can I visit the Schengen Area?
	A:	For China passport holders, the applicant needs to execute a visa; For HKSAR passport holder, it is visa- free.