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process can be perfectly coordinated with the right legal and real estate teams .
3 . Investors keep full control
Investors maintain full control of their investments as no third companies are involved . In the real estate investment option , the investor owns the property completely . If they decide to deposit € 1 million , all the funds go and are kept in their bank account in Spain . This control over the investment has also provided great confidence to foreign nationals .
4 . Children over 18 years
Unmarried children over 18 can also obtain legal residence if they depend financially on the investor . Notably , family members can reside in Spain without the need for the primary investor ' s physical presence . Thus , investors can keep attending their day-to-day activities abroad , while their relatives can start a new life in Spain .
“ Foreign nationals can purchase the property , file for residence , and obtain their three-year residence card in a single trip to Spain .
” investors can apply for citizenship if they do not spend more than 90 consecutive days out of Spain . Thus , if the citizens of an Ibero-American country obtain residence through the golden visa program and frequently travels to Spain , they can apply for citizenship in a period as short as two years .
In either case , once citizenship is granted , the foreign national can live and work in any of the 27 countries that are part of the EU .
Living in Spain also offers these additional benefits :
• Low living costs .
• Inexpensive private health insurance ( required for the residence application ).
• Low annual property taxes .
• Excellent public transportation system .
• Top universities and business schools .
INVESTORS CAN OBTAIN SPAIN ’ S GOLDEN VISA FASTER AS A BACKUP PLAN
The investment program offered by the Spanish government is an immigration alternative for medium and high net worth individuals seeking a secure backup plan .
The fact that foreign nationals can enter the country and become legal residents in a matter of days while maintaining full control of the investments , definitively provides confidence to investors in their decision-making process .
5 . Work authorization and Tax Residency
Principal investors and their family members are allowed to work anywhere in Spain . Additionally , the legal residence is not tied to a tax residence in Spain . Foreign nationals who spend less than 183 days in Spain are not tax residents .
6 . Spanish Citizenship
Investors and their relatives can apply for citizenship after accruing the required legal residence time . The standard residence time to qualify for the Spanish citizenship is 10 years . However , this time can be reduced to two years if foreign nationals come from an Ibero-American country .
SPANISH CITIZENSHIP FOR NATIONALS OF IBERO-AMERICA
Nationals from Ibero-American countries enjoy a significant advantage with the Spanish golden visa . They qualify for citizenship after two years of legal residence . Among the Ibero-American countries are all Spanish- and Portuguesespeaking countries on the American continent . Currently ,
ALEXANDRE RANGEL
Alexandre Rangel is the CEO of Grupo SIEspaña , a firm with offices in Miami and Madrid specialized in individual and corporate immigration services to Spain . Originally from Philadelphia , Pennsylvania , Rangel ’ s legal immigration practice started over 20 years ago in prominent law firms in the United States . In 2013 , he learned the benefits of the Spanish non-lucrative residence and became the main promoter of this residence in Latin America . Since then , he has assisted hundreds of medium and high-net-worth families to successfully move to Spain . Rangel ’ s firm offers foreign nationals a one-stop-shop for all their legal and real estate matters through strategic alliances in Spain .