The Spanish government granted some exemptions for foreign investors who want to obtain a residence permit in Spain through the "golden visa". Earlier, the investor's residence permit was issued to the applicant, his spouse, children under 18, as well as children with disabilities of all ages. Now the list of those who may qualify for a visa together with the applicant, has been expanded: it may be unmarried partner of the applicant, economically dependent relatives and children of any age.
In addition, while maintaining the economic threshold (remember that to obtain a residence permit in Spain you must be the owner of the real estate for more than €500,000), the process of obtaining a residence permit can be started even from abroad, provided the signed contract of sale and deposit for the property.
Investor's "golden visa" in Spain was introduced in September 2013, and since then more than 530 foreign citizens received residence permits, out of which about 490 – through the acquisition of real estate for €500,000. Most of the buyers, as experts predicted, are the Chinese, Russian and Arab clients as well as entrepreneurs from the United States. In total selling of "golden visas" has brought to the Spanish economy more than €700 million.
Based on the information of ibiza-sothebysrealty.com