Since last amendment of July 2015, investors can choose one of these options to obtain a residence permit:

To apply for an investor visa at Spanish consulate in the country of origin, valid for one year
To enter in Spain with a Schengen visa and apply for two years of residence permit at Large

Business and Strategic Groups Unit of the Spanish Ministry of Employment and Social Security. This document may be renewed for five years more
Investment needed:

To invest in real estate assets of € 500,000
To buy shares or bank deposits of €1 million
To buy Public debt of € 2million
Business projects in Spain considered being of general interest. 

General documents needed for a visa or residence permit application: 

1. Identity document or passport. 
2. Public or private health insurance taken out with a company operating in Spain. 
3. Background check. 
4. Proof of sufficient funds to support the applicant and members of his/her family during residence in Spain. 

Specific documents providing proof of the investment:

- Property: certificate of registration of the property and purchase deeds of the real estate. 
- Unlisted shares and equity: statement of investment filed with the Investments Register of the Ministry of Economy and Competitiveness (Registro de Inversiones). 
- Listed shares: document from a financial broker registered with the National Securities Market Commission (CMNV) or the Bank of Spain. 
- Public debt: certificate from the financial institution or the Bank of Spain indicating that the applicant has been the sole owner of the investment for a period of not less than five years. 
- Bank deposits: certificate from the financial institution indicating that the applicant is the sole owner of the bank deposit. 
- Business project: before applying for a visa or permit, a favourable report is required on the business and entrepreneurial activity intended to be carried out in Spain. 

For visas, the report on entrepreneurial activity of interest should be requested from the Spanish Economic and Trade Office in the same area where the visa is requested. 

For residence permits, the general interest report should be requested before applying for a residence permit at the Directorate-General for Trade and Investment. 

The business plan of the project, specifically: the professional profile of the investor, the type of business activity, the number of jobs that will be created, the features and qualifications required for each, where the project will be set up (geographical area), how much the investment will be and the origin of the funds. 

The project will be considered as special interest if it creates jobs., has a social and economic impact on the geographical area where they are made or contributes to scientific and/or technological innovation. 

Investor residence permit allows its holder to live and work anywhere in Spain. The only requirement to keep it is to visit Spain once during the period of residence. Investor family members may also obtain a residence permit at the same time or later.

Ana Marina Dorismond. Ocean Project Director.