Residence permit in Spain when buying real estate

There are several ways to obtain a residence permit in Spain. It is much easier to do this through the purchase of real estate than through other procedures. Our experts have prepared for you material on how to obtain a residence permit when purchasing real estate in Spain.

Conditions for obtaining a residence permit in Spain for real estate

In order to obtain a permanent residence permit in Spain through the acquisition of real estate, you must:

Buy commercial real estate, housing or land in the amount of € 500 thousand.
Collect the necessary documents and apply for a residence permit;
If necessary, include in the application a spouse (official or "civil"), children under 18 years of age, adult children and parents if they are financially dependent on the applicant;
Register with the local city hall to get a residence permit;
Personally submit documents to the Spanish Migration Service;
Registration of a residence permit will require about 4 - 5 months, but already upon drawing up a preliminary contract for the purchase of an object, you can get a temporary residence permit for a period of six months.
It is much easier to go through the procedure for obtaining a permanent residence permit in the country with the help of experienced specialists of our agency. We will help you not only to choose a promising object and purchase it on favorable terms, but also provide professional assistance in obtaining a residence permit.

The procedure for obtaining a residence permit in Spain when buying real estate

The possibility of obtaining residence in Spain by citizens of foreign countries is provided for by Article 63 of the "Law on Entrepreneurs" (Ley de Emprendedores). In it, in particular, it is indicated that when purchasing a real estate object with a price of at least € 500 thousand registered in the sale and purchase documents, a non-resident has the opportunity to apply for a residence permit in Spain. The Spanish government actively encourages investors who are ready to handle large sums.

In Art. 62 of the "Law on Entrepreneurs" set forth the requirements for the applicant:

He must be of legal age;
The applicant is obliged to provide a certificate of no criminal record;
The applicant is obliged to provide evidence of his financial well-being with the help of an income statement or other documents.
Residence is issued for the first time for a period of one to two years. Then it must be renewed by confirming the financial status. Subsequently, a non-resident with a residence permit can apply for Spanish citizenship.

In order to make investments and immigration to Spain, it is worth choosing real estate carefully and professionally. To do this, you can always use the help of our agency Rusol Prime. We have been working in the Spanish market for many years and provide a full range of services related to the purchase of real estate by foreign citizens.