NEWS ABOUT RESIDENCY VISAS FOR INVESTORS IN SPAIN
- To renovate a residency visa, it is no longer necessary to live in Spain for longer than six months per year. The residency visa is now more flexible and better adapted to the investors´ needs, who need to be in other countries.
- The requirements are specifically taxed; therefore, the Consulates´ possibilities to issue visas arbitrarily are reduced. The chances to be granted a visa are almost guaranteed, when the applications are followed faithfully as stated by law. This new change reduces considerably the uncertainty created by the old application system. It is a great advancement, as it gives a sense of security to the applicants.
- The application processing period has been reduced considerably. In practice, the Consulates are following the legal dead lines, offering greater flexibility in the application processing.
- It is no longer necessary to apply for the residency card; having the visa on the Passport is enough, as it states Spanish residency and identifies the NIE number perfectly.
- Benefits the Spanish investors market by establishing a minimum investment of 500,000€ in Spanish properties and accrediting sufficient funds for the period of residency in Spain.
- The interest to apply for this residency visas has increased, due to the elimination of bureaucratic paperwork that created obstacles to apply and to grant residency visas.
Since this new Law entered into force, At Virginia Ramos´ Law Firm, we have submitted and have been successfully been granted many investors residency visas. If you are interested in this application, please contact us as at info@virginiaramos.com
