Recently, according to the Spanish newspaper El País, the Spanish government is considering imposing stricter requirements on the application of “golden visas”.

01

existing regulations

Currently, according to the regulations of this type of visa application system in Spain, a residence permit in Spain can be obtained if one of the following conditions is met.

01

buy real estate

Applicants who invest more than 500,000 euros in real estate in Spain can obtain a Spanish residence permit.

02

invest in stocks

Applicants who invest no less than 1 million euros in stocks in Spain can obtain a Spanish residence permit.

03

Invest in treasury bonds

Applicants who invest more than 2 million euros in Spanish national debt can obtain a Spanish residence permit.

02

popular genre

Last year, Spain issued nearly 2,500 “golden visas” to property investors whose purchase price exceeded 500,000 euros, accounting for 94% of the total.

Buying real estate is the most common type of investment for those intending to obtain an investor visa in Spain.

03

intentionally tighten

According to Spanish government data, from the start of the golden visa program in 2013 to last November, Spain issued nearly 5,000 permits, among which Chinese investors topped the list.

Íñigo Errejón, leader of the Más País party, says Spanish citizenship cannot be bought. Golden visas have caused housing prices to "inflate" and forced locals out of their communities without creating any new jobs.

The Spanish government is planning to tighten the application system for the country's golden visa for property buyers.

The European Commission has urged EU countries to end programs that allow investors to gain citizenship and to step up checks when issuing residence permits, describing them as a security and money-laundering risk.

04

Move early

It is reported that not only Spain, EU countries are re-evaluating their "golden visa" program.

Ireland closed the project in February, while Greece said it would double investment thresholds in several key regions, including Athens.

For the golden visa, the European Union does not have uniform regulations. But overall, the requirements are getting stricter and the threshold is getting higher and higher, and even more and more EU countries may end the policy.

Investors who plan to emigrate to the European Union must seize the opportunity and catch the last train of European house purchase and emigration. Friends who are interested in knowing more are welcome to consult Xiaoxing for details!