How long is the immigration cycle of buying a house in Spain?

Spain's latest amendment to the 500,000 euro real estate investment immigration bill was officially promulgated on July 29th, 1965, 438+05. The New Deal has carried out a series of reforms on three generations of immigrants and identity visas. Since the introduction of Spain's 500,000 euro housing policy, it has attracted strong attention from global investors.

After the adjustment of Spanish immigration policy, everything is simplified, and there is no need for complicated documents and materials, and there is no need to explain the source of funds. When all the documents are ready, you can get a residence visa in about one month at the earliest.

In the old bill, the applicant had to pay for the house and obtain the title deed before applying for a visa. The newly revised bill allows applicants to apply for an investor visa valid for six months, as long as they sign a house purchase contract and transfer all the house payment to a Spanish account. You can apply for a 2-year residence card after obtaining the property right certificate (transfer). If the title deed doesn't come down within six months, you can apply for an investor visa for the next six months. This amendment undoubtedly increases the flexibility of visa use and allows applicants to prepare for landing in Spain in advance.

In the old immigration law, the first residence visa was valid for 2 years, and the applicant needed to renew it after 2 years. There is no residence requirement within 2 years, and each renewal is 2 years. In the new bill, applicants can directly obtain a five-year residence visa after two years of renewal, and then renew it every five years. When renewing the insurance, the property needs to be maintained, and there is no residence requirement. If you want to change to permanent residence, you need to live for 4 years and 2 months in 5 years. After the new policy is revised, applicants can continue to obtain long-term residence status without living while retaining their property.