Spanish Investments And Visa Prospectives
With the approval of the Law 14/2013, foreigners wishing to invest in Spain will benefit in terms of visa regulation, both in terms of length and type of residency.
Law 14/2013 regulates the following residence visas for:
buyers of real estate capital investors entrepreneurs and entrepreneurial activities highly-qualified professionals intra-company moves educational or research activities Certain specific requirements must be met in order to apply. Applicants should be:
qualified to apply for a tourist visa (3 months sojourn) under: (i) treaty of Schengen; (ii) Community Regulation 810/2009; and (3) Community Regulation 265/2010. willing to make a significant investment within the Spanish territory. According to Article 63, a "significant investment" is defined as: An initial investment of at least2 million in Spanish debentures. The certificate should be issued by a financial entity or from the Banco de España, certifying the applicant is the sole investment holder and has been held for at least 5 years. The certificate must be dated 30 days prior to the submission of the application form; An initial investment of at least1 million in Spanish enterprise stocks or bank deposits, providing the original certificate of investment is issued by the Registro de Inversiones Exteriores of the Ministerio de Economía y Competitividad in case of not-listed stocks, or, in case of listed stocks, providing the certificate is issued by the financial intermediary. With regards to bank deposits, the applicant will need to provide the certificate issued by a financial entity which specifies that the applicant is the sole holder. Both cases require that the certificates must be dated 30 days prior to the submission of the application form. Purchase of real estate property (ies) in Spain with a minimum investment of500.000 for each applicant. The property (ies) must be unencumbered and registered; the sale process and the correlated documents must be dated 90 days prior the submitted application form. Business endeavours to be developed in Spain and authorised for its public interest by Oficina Económica y Comercial. At least one of the following purposes to be achieved: Creation of job employment; Relevant socio-economic impact of the investment...
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