Paton & Mayr Lawyers and Partners has a reputation for providing high quality legal advice on immigration issues. This expertise has been acquired over the last years as the demand for this kind of service has increased exponentially. Because of this we are able to assist clients who wish to take advantage of the new immigration regulation that relates to Spanish Investment Visas and Spanish Residency Visas. In order to benefit from the new law, which significantly eases access to Visas, it is compulsory to either buy a property worth 500,000 Euros, or to obtain shares from Spanish companies with a minimum value of 1,000,000 Euros.
This Investment /Residency Visa will allow the applicants to reside in Spain, initially, for a one year period. During this period, the applicants will only need to enter Spanish territory once. In addition, holders of these Visas will be able to travel around the Schengen territory for 90 days every 180 days (3 months every 6 months). A key value of the new regulation is that, the applicants are in position to apply for the golden residency permit from Spain directly and then , applicants will be entitled to apply for residency permits which will enable them to live and work in Spain for an additional two years. Moreover, they will be in position to apply for European residency to live and work in other member states of the European Union.
Initially, interested individuals have to apply for an investment/ residency visa at the Spanish Embassy in their home country. At this stage, the applicants will have to prove having made an investment of 500,000 Euros in property or having obtained shares from Spanish companies with a minimum value of 1,000,000 Euros. Presenting the documentation in the correct form is a complicated and time consuming process as applicants are required to present a number of translated and legalized documents regarding their personal and economic situation. When submitted correctly, Spanish Institutions must grant the Investment /Residency Visa within 10 days from the date of filing the application.
Moreover applicants are entitled to apply for the golden residency permit from Spain directly.
Our legal practice offers highly professional personalised assistance to clients throughout the entire process: from property purchase / investment, to the preparation of residency visa application forms and the necessary official documentation to satisfy the requirements of the new immigration regulation.