The Spanish government is interested in attracting International and local Investment within various sectors of the country through different policies and approaches that it follows. Investors choose to invest in Spain because of the many lifestyles and economic opportunities that the country offers to those who decide to make it their home and many consider it the ideal place to invest and live in it, The tourism sector made a strong return, as Spain ranked second in terms of popularity among tourists after France, receiving more than 30.2 million international tourists in the first six months of 2022. Spain also witnessed investments reaching about 2.3 billion Euros in the real estate sector in the period from 2013 to 2017, and It is expected that more sales and rents will be recorded.
In 2013, the Golden Visa program was launched in Spain by the government, supported by Law No. 14/2013. This program provided several investment options, the most important and common of which is investing in the Spanish real estate market by purchasing a property or a group of properties with an investment amount starting From 500,000 Euros, this program does not require investors to take language tests, and they are not required to reside in Spain, and the law allows them to rent the property and achieve a financial return from it, the permanent resident can apply for citizenship after ten years of obtaining residence. This program has been popular with international investors since its Founding, as it was ranked fifth as one of the most popular programs with a rate of more than 28%, and between January and June of 2019, 848 residency applications were approved, and since 2021, it has been approved 13,000 golden visas according to the Spanish Ministry of Foreign Affairs.
This program offers a wide range of advantages to investors interested in investing in the real estate market in Spain, as it is a vibrant country of the European Union that enjoys stunning landscapes, strength, and an important rank in the world of economy and business, and in addition to the right to obtain permanent residence for the investor and all his family members, they will get Full benefits within Spain, from health insurance to access to a high-quality educational system, all members of the applicant’s family will enjoy the freedom of movement throughout the Schengen countries, the right to work or do business in Spain, enjoy tax incentives offered to investors, and less Administrative pressure control of companies and the laws regulating them, in addition to facilitating the procedures for obtaining residence permits in Spain and many other features that make the Golden Visa Program of Spain the ideal choice for those interested in obtaining residency in Spain. At Reach Real Estate, we have sufficient experience and knowledge in the field of real estate with our branches spread in more than 13 countries around the world. If you are interested in obtaining a golden residency through real estate investment, get your free consultation and contact us via the link here.
