Located in Southwestern Europe, Spain is celebrated as one of the globe's top vacation spots. Known for its stunning landscapes and high quality of life, Spain is a country with a deep historical legacy and distinctive culture and traditions. It boasts one of the leading economies in Europe and is a full member of both the EU and the Eurozone.
The country is also renowned for its lively festivals, diverse regional cuisines, and beautiful coastal areas, making it a multifaceted destination for both residents and visitors.
Spain's residence by investment program, commonly referred to as the Spain Golden Visa, enables foreign nationals to obtain an investor visa by making a substantial investment in the country. Those who are approved, along with their families, receive visa-free access to the Schengen Area in Europe.
Spain, located in Southwestern Europe, is celebrated for its diverse landscapes, historic sites, and vibrant cultural scene. With major cities like Madrid and Barcelona, it offers a high quality of life, rich culinary traditions, and strong economic ties as a prominent member of the EU and Eurozone.
Population:
47.2 million
Languages:
Spanish
Economy:
Capitalist, featuring a well-balanced combination of manufacturing, services, and agrifood sectors.
Currency:
Euro
Spain is a highly sought-after destination for both tourism and living. Its capital, Madrid, and the port city of Barcelona attract millions of visitors each year with their global renown. The vibrant spirit of Spain is evident in its lively flamenco music and dance, seafood-influenced cuisine, and sophisticated architecture that has inspired some of history's greatest artists.
Geographically and culturally diverse, Spain boasts landscapes ranging from citrus orchards and snow-capped mountains to sunny beaches and rugged hills. It features a temperate climate with hot summers and cool winters. Bordered by Portugal to the west, France to the northeast, and Gibraltar to the south, Spain benefits from both Mediterranean and Atlantic coasts, offering residents and travelers easy access to Europe, Latin America, and North Africa.
The country utilizes a civil law legal system (with regional differences), providing advantages for both residents and citizens. Spain stands out as a leading example of freedom and human rights, including the rights of the LGBTQIA+ community, with same-sex unions recognized nationwide. Additionally, Spain boasts a high life expectancy of 82 years, one of the highest globally.
Although Spain faced a severe economic downturn after the 2008 global financial crisis, it has made a strong recovery with consistent GDP growth exceeding the EU average. As the fourth largest economy in the Eurozone, Spain ranked 30th out of 190 in the 2020 Ease of Doing Business Index. The country boasts robust industries, with its textile and apparel sector, including footwear, being a global leader. Spain's economy remains dynamic and rapidly expanding.
Investment residents do not achieve tax residency status in Spain unless they spend over 183 days a year in the country. Non-residents are taxed only on income sourced from Spain, subject to applicable tax treaties which can lower rates on dividends, interest, royalties, and capital gains. Taxation varies based on income type and the investor’s tax residency status. The Beckham Rule, a new regulation, offers a flat tax rate to Spanish tax residents who move from abroad during their initial six years of residence.
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Trust Path Visas assists international clients in obtaining residence and citizenship under the respective programs. Contact us to arrange an initial private consultation
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