The Spanish government has announced amendments to the Golden Visa scheme. Previously non-EU nationals who purchased a property for in excess of €500,000 qualified for residency.
The scheme has now been expanded to include the children and parents of the investor.
The initial interest in the scheme was disappointing, with a very low take up. However, the past 6 months has seen a marked increase in investors from abroad proceeding with residency in this manner.
The authorities hope that the revisions to include family members will make the Golden Visa investment far more attractive.
If you are interested in the residency through investment scheme, please don’t hesitate to contact us for a no-obligation consultation.