Is it easy to get a green card in Madrid, Spain?

To obtain a green card in Madrid, Spain, you can consider immigrating through house purchase!

At the end of May 2013, the Spanish government responded to the announcement by its Deputy Prime Minister Desanta María that "it will give foreigners who purchase real estate in Spain worth more than 500,000 euros or subscribe for national debts of more than 2 million euros." "Spanish Residency", a draft of the new "Entrepreneurs Law" was formulated and approved at the Cabinet meeting. On September 19, 2013, the Secretary-General of the House of Representatives of the Spanish Congress signed and passed the "Act on Supporting Entrepreneurs and Their Internationalization", which was officially announced on the official Spanish legislative website on September 28, 2013. This law encourages overseas investors to invest in real estate, stock markets, public debt and start businesses in Spain. The bill stipulates that the following three investment behaviors can apply for Spanish residency:

1) Investment in Spanish government bonds worth more than 2 million euros, or Spanish corporate stocks, shares or bank deposits worth more than 1 million euros;

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2) Invest in real estate with a value of more than 500,000 euros;

3) Operate a business project that will be developed in Spain and is considered and proven to be of general interest.

The second of the above three investment methods is most suitable for Chinese investors, which is buying real estate.

After Spain launched the "house purchase immigration" program, it became competitive with neighboring Portugal. According to the new bill, Spanish residency can be obtained by purchasing a property of 500,000 euros or more. There are no restrictions on the type of real estate. Multiple properties can be purchased, and the properties can be lived in or rented out.

Application conditions:

1. The main applicant must be over 18 years old and of non-EU nationality;

2. Purchase private medical insurance;

< p>3. For each applicant who invests in a property with a total investment value equal to or exceeding 500,000 euros, the application document must provide a copy of the title deed of the property purchased for 500,000 euros;

4. No illegal stay in Spanish territory Record;

5. No criminal record in Spain, and no criminal record in the country of his historical residence in the past five years;

6. No refusal of entry in the territory of Spain’s agreement member states Records;

7. A copy of public or private health insurance provided by an insurance company recognized in Spain is required;

8. A copy of the period of residence in Spain Proof of sufficient financial resources to cover all living expenses of the applicant and his/her family members without working;

9. Pay relevant visa and residence application fees