Obtaining residency in a foreign country is usually regarded as a hard thing to accomplish, due to the different requirements in your country of choice, making many investors to think it twice before investing overseas.
However, there are always possibilities for inmigrants in countries belonging to the European Union who are willing to contribute to the country, either by providing skills or competences in different areas; or by investing in properties, real estate or other assets.
In the case of Spain, the country has been offering an attractive opportunity for people from countries outside of the EU/EEA (European Union/European Economic Area) and Switzerland, offering their Golden Visa Program for international investors. An opportunity that has proven to be valuable for Chinese investors.
Why is a Golden Visa in Spain attractive for Chinese investors?
The presence of Chinese people in the expat community in Spain has been very relevant and has an historical origin. In the last years, it has grown to become one of the international groups with greater presence in the Mediterranean country.
On top of this, even if unemployment rates in Spain has been considerably high, a 95% of the Chinese expat community counts with a job, which shows both: The sense of community of Chinese people, and this resilience to thrive.
The more relaxed pace of life in Spain, along with it’s amazing architecture, beautiful beaches, great culture and many activities, including economic ones; mix together to offer Chinese investors unique opportunities to grow a business, and to enjoy a great life.
How to apply for a Golden Visa in Spain?
There is one big benefit from obtaining a Golden Visa in Spain over requesting a residence permit by different means, and it is how easy it is to obtain it after meeting the only requirement. The Golden Visa is a residency permit aimed for international investments. As such, to be able to apply, the person must do either of the following:
- Acquire a property (real estate) in Spain worth €500,000
- Buying shares of a Spanish company for a value of more than €1,000,000
- Having more than €1,000,000 in a Spanish bank
- Possessing 2 million euros or more in Spanish public debt
- Invest in a business project inside of Spain that is able to: Generate employment, impulse technological/scientific development in the country, or generate a minimum socio-economic impact
After having made the investment, we must be able to provide a document that proves our investment, depending on the route we have decided to take. And we must deliver all the necessary documentation to the authority.