Spanish citizenship when purchasing real estate

Many people dream of not only investing their funds, but also immediately obtaining Spanish citizenship when purchasing real estate. However, in practice this is impossible: a Spanish passport is not sold for money. However, investing in real estate can be the first step towards achieving this goal.

What does buying property in Spain give?

Buying property in Spain does not give you the right to citizenship. However, by investing more than 500 thousand euros in real estate, be it residential or commercial, investors can receive the so-called golden visa.

This visa provides residency for the first year without the need to remain in the country permanently. It is only important to maintain ownership and renew documents in a timely manner.

Next, the residence permit is extended for two years, and then again for two years. After this, the investor can obtain permanent residence status. From this point on, investments are no longer required, and even if the property is sold, the rights of residence are retained.

Thus, to pass this stage it is necessary to invest funds for at least five years. After this, the investor can return his money and use it as he wishes.

How to obtain Spanish citizenship when buying real estate

Permanent residence in Spain provides almost the same rights as citizenship, with some exceptions, such as the right to vote in elections. However, if you want to become a full-fledged Spanish citizen, you must go through the naturalization procedure.

This requires living in Spain for more than 10 years, observing a minimum number of days of stay in the country annually. Then you need to collect the necessary package of documents and pass exams on your knowledge of Spain and the Spanish language.

Other options

Theoretically, you can not only invest in real estate, but also invest money in enterprises. However, in this case the amount should be twice as high - 1 million euros will be required. However, it is worth noting that real estate investments are usually more reliable compared to investments in venture capital ventures or startups.

There is another way to speed up the naturalization process in Spain, which does not involve real estate. A Spanish passport can be obtained within a few years by marrying a Spanish citizen. However, this method is not suitable for everyone.

Where to start obtaining Spanish citizenship

Obtaining Spanish citizenship is a lengthy process. It is recommended to start with a deliberate choice of not only where to live, but also financial investments. One of the real ways is to purchase commercial real estate to obtain a residence permit and ensure a stable income. We invite you to familiarize yourself with our exclusive catalog of properties available for sale.