Spain

Spain, officially the Kingdom of Spain is located on the Iberian Peninsula in Europe. It is bordered to the south and east by the Mediterranean Sea except for a small land boundary with Gibraltar; to the north and northeast by France, Andorra, and the Bay of Biscay; and to the west and northwest by Portugal and the Atlantic Ocean. Spanish territory includes the Balearic Islands in the Mediterranean Sea and the Canary Islands off the African Atlantic coast, two cities, Ceuta and Melilla, on the African mainland and several small islands in the Alboran Sea near the African coast.
  • Southwestern European Country
  • European Union Citizenship
  • Property Investment
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Government and Regime
Spain is established as a social and democratic Sovereign country, wherein the national sovereignty is vested in the people, from which the powers of the state emanate. The form of government in Spain is a parliamentary monarchy, that is, a social representative, democratic, constitutional monarchy in which the monarch is the head of state, while the prime minister—whose official title is "President of the Government"—is the head of government.
Landscaping
Spain is the third largest country in Europe with large area rimmed by mountain ranges. Spain deeply indented coastal areas include countless bays and coves, and most have sandy beaches. The country is drained by an estimated 1,500 rivers. In the far northwest, along the Bay of Biscay, rugged cliffs front the coastline. The Strait of Gibraltar separates Spain and Europe from Morocco (Africa), so the two continents are only 13 km apart.
Investment
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The granting of residence permits and citizenship is at the sole discretion of the Spanish Government but, generally, the application is only denied if the due diligence reveals that the applicant has made false statements in the application forms or other submitted documents; has engaged in criminal activities or is under investigation in relation to criminal activities; or has (or is alleged to have been) engaged in or associated with any activity that would bring disrepute to Spain.

Procedure
The citizenship by investment requires the applicants to acquire documents as follows:
  • Procedure 1
    Open Borders shall pre-screen your passport copy for Government pre-approval to ensure fast processing.
  • Procedure 2
    A down payment of the professional fees will be required to establish your application.
  • Procedure 3
    Open Borders will provide assistance and advise with regards to the collection of the documents required in the checklist.
  • Procedure 4
    Open Borders will guide you to the Spanish property, which you choose and start preparing property purchase documentation required to be presented for Residency application.
  • Procedure 5
    The applicants may decide whether to travel to Spain.
  • Procedure 6
    Open Borders prepare property purchase documents to complete the purchase process. The property purchase funds and taxes are transferred.
  • Procedure 7
    Once the government has reviewed the file, officials advise Open Borders to whether the applicant has been given Residence Visa approval.

The Residency visas are issued to you via courier once the balance of professional fees has been paid and settled.

Free Circulation within Schengen Area

Austria
Belgium
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Iceland
Italy
Latvia
Lithuania
Luxembourg
Malta
Netherlands
Norway
Poland
Portugal
Slovakia
Slovenia
Spain
Sweden
Switzerland

Minimum Real Estate Investment, €500,000
Property Transfer Tax, 10% of property Price
Property Income Tax (Annual), Approx. 1.1 – 2%
Tax on Real Estate, Area Dependent
Spain Golden Visa, €70 per applicant
Spain PR Card, €70 per applicant

A full-itemized quotation with no hidden costs is provided.

Total Area
504,645 sq km

Population
47,740,882

Ethnic Groups
Predominantly white

Currency
Euro

Languages
Spanish with Arabic, English, German, French & Italian

Exchange Rate
USD 1.00 = 0.85 EUR
(June 2018)

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