Second Citizen

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Second Citizen

Spain is a great place to live, with a temperate climate where the sun shines most of the year, an affordable cost of living and a low crime rate. Spain also has a rich cultural scene as well as having many natural attractions; you will not run out of things to see and do.

 The Benefits of Spanish Residency:

  • You can travel directly from your country of origin to any country within the Schengen area
  • Spanish residents can travel freely within the Schengen area for three out of every six months, and can enjoy multiple entries
  • There is no residency requirement
  • You and your family are issued renewable European Residency Visas for as long as you maintain your investment
  • It is affordable to purchase a house since real estate prices are currently at their lowest
  • You can generate an income from your property by renting it out since Spain is a very popular tourist destination
  • You can be granted European residency within two to three months
  • Residents by investment are given the same rights to education as citizens
  • The country boasts of an excellent health care system
  • Spanish residents can open bank accounts and expand their investments globally
  • Residency is a path to eventually gaining Spanish citizenship

 Additional Costs of Real Estate Investment

  • Land tax between 350 and 500 per year for each property
  • Administrative fees around 2,000
  • Accountant fees -500 the first year and 250 per subsequent year
  • Notary fees some 4% of the price of the property
  • National Transfer Tax is shouldered by the developer