While the new law passed through the Spanish parliament last month allows for immigration to Spain and effectively permanent residency by renewing the investor property visa it is not necessary to stay in the country.
An investment of 500,000 Euros entitles the investor to live in Spain by renewing the investor visa every two years. However there is no minimum stay requirement. So anyone buying a property in Spain can travel freely when they want and need only be in the country once every two years in order to renew the visa.
This is a particular attraction for business minded individuals and frequent travellers who want the freedom of travel throughout the Schengen area in Europe granted by the Spanish visa but may not want the immigration benefits for themselves and their family.
We think this is extremely flexible but we welcome your thoughts on how other countries compare for the European investor visa schemes such as Portugal, Cyprus, Ireland and Greece.