We are often asked about Spanish citizenship and immigration through the investor visa scheme. It is important to point out the difference between residency and citizenship by investment in Spain. The new visa scheme allows residency for anyone investing over 500,000 Euros in a property in Spain. That grants the right to reside in Spain and travel in Europe but not work or gain benefits that the Spanish state offers.
The investor does not need to reside in Spain although his or her immediate family can reside in Spain and go to school and university. Citizenship grants a person the same rights as any Spanish national. Typically through the investor immigration scheme residency can be renewed after one year and again after three years if the investment is retained. Then residency becomes permanent.
Then the investor may apply for citizenship which allows the issuing of a Spanish passport. It is important to make this distinction as many real estate agents are advertising citizenship with the new golden visa programme in Spain. It is residency and not citizenship that is offered. Our lawyers will be glad to advise individual cases.