New rules for residency in Spain

Blog Residence March 3, 2024

The new rules for residency in Spain are what many individuals seeking permanent residency in Spain are searching for.
Spain is one of the most popular destinations in Europe for many purposes and it has a diverse culture and history,
plus a huge development in all fields of life; which make it the ideal European country for immigration.

These advantages made obtaining permanent residency Spain a common demand for countless immigrants to Europe,
especially those from developing countries.

However, there are new rules for residency in Spain 2024 that were clarified by the Spanish immigration service.
The most obvious rule is that you must have resided lawfully in Spain for at least five years before applying for permanent residency.

Therefore; to obtain Spain residency; you must seek help from an institution specialized in this field, such as FML company,
to be able to follow the steps for obtaining this residency while ensuring that all laws and conditions are met.

The Government of Spain enacted new rules for residency in Spain in 2013 that aim to allow non-EU citizens,
to obtain a temporary residence permit when purchasing a property for a minimum amount allowed.

The government clarified also that this purchase can be made by the primary applicant himself,
or through a company completely owned by the applicant, while the first investment amount must be free of any fees or mortgages.

Permanent residency Spain rules

Spain’s immigration and residency laws stipulate that obtaining permanent residency Spain requires first residing on its territory for no less than 5 years.

This means that obtaining the golden visa and temporary residence in Spain through the investment program provided by FML company; will be your window to obtaining permanent residence in Spain after five years.

The conditions for obtaining permanent residency in Spain also include a set of other conditions,
that should be met to acquire the right of permanent residence after reaching five years of continuous legal residency in Spain, such as:

Prove that you have income or financial resources sufficient for living in Spain.
Prove that you have valid health insurance in Spain.
Proof of owning a residential unit also in Spain.
Prove good behavior during your residency in Spain

Spain golden visa program

Have you ever thought that you might have the opportunity to obtain residency in Spain through investment?
Yes, it will be easy when applying through the Golden Visa program provided by Free Mobility Leaders (FML) company,
that allows you to obtain the right of residency you aspire to in Spain by investment in the shortest possible time.

Spain golden visa features

When obtaining the Spain golden visa you will enjoy many features; such as:

Granting residents the freedom to travel without restrictions and enter 26 countries in Europe within the Schengen area.
Obtaining the right to reside in Spain in no time; because the Spain golden visa processing time does not exceed 12 months.
No physical presence is required to maintain your Spanish residency.
The investment to get the visa could be by purchasing a house or Spanish government bonds with a definite amount.
You can also invest by buying shares in a company or making a deposit in a Spanish bank.
It also provides the opportunity for you and your family to live, study, and work in Spain.
Don’t forget that this residency paves the way for obtaining permanent residency Spain in the future.
Read more: Advantages of Obtaining Residency in Spain

Spain golden visa program requirement

To apply for the Spain golden visa program in FML company; you must also fulfill the following requirements:

No previous immigration problems and issues within Spain.
You must be over 18 years old (The legal age)
You must have no criminal record in Spain or any previous countries of residence during the last five years
Must not have a visa refusal from countries that have an agreement with Spain, such as EU countries.
Must have health insurance from a licensed provider in Spain.
Having sufficient financial resources for you and your family members which cover the period of residency in Spain.
You will have to travel to Spain to make the required investment before applying for the visa.
Finally, pay the application and visa fees.

Family members who can be Included on the Spain Golden Visa

The golden visa for Spain grants your family also the right of residence in Spain Provided that meet all new rules for residency in Spain; while the family members who can be Included on the Spain Golden visa are:

Dependent older parent.
The Wife.
Children less than 18 years old.
Children who are not minors; but at the same time are dependent due to health or mental conditions, are also included in the golden visa.

The important advantage is that your included family members in this visa,
not only receive residence permits but also be allowed freedom of movement in the Schengen area countries.

How long does a Spanish golden visa last?

The Golden Visa will be valid for one year only, and during this year; The visa holder must travel to Spain and exchange it for a two-year residence permit.

The residence permit must be renewed every two years without being bound by residence conditions as long as the investment still exists, but you must travel to Spain when renewing the residence permit.

According to new rules for residency in Spain; If you aspire to live and work in this upscale country; you can apply for permanent residency Spain after completing five years of residency (6 months out of each year at least).

By reaching the end of this article; If you have decided to obtain a Golden Visa via the FML program; to obtain residency in Spain through investment,
and pave the way for permanent residency Spain later after fulfilling all new rules for residency in Spain in a right manner; All you have to do now is contact us to get further information and details.