Spain offers residency papers to foreign buyers and investors

Entrepreneurial Law includes clause for foreigners who buy more than €2m of public debt

The government has included in the Entrepreneurial Law a clause granting residency to foreigners who buy more than two million euros' worth of public debt in an attempt to attract capital and investment.

Deputy Prime Minister Soraya Sáenz de Santamaría announced the scheme after Friday's Cabinet meeting, arguing that it did not amount to selling residency papers and that the UK, Portugal and Ireland have similar policies. "The system is generalized," she said.

Residency permits will also be granted to foreigners who buy real estate in Spain worth more than 500,000 euros and to those who invest in business ventures, create jobs or foster research and development.

 

Y ADEMÁS...

Para poder comentar debes estar registrado en Eskup y haber iniciado sesión

Darse de alta ¿Por qué darse de alta?

Otras noticias

LATIN AMERICA

Mexico ends 76-year-old state oil and gas monopoly

Opposition PRD threatens to use legal tools to force repeal of reform package that allows private and foreign investment

Ecuador takes on debt in order to grow

Country’s deficit exceeded $5 billion last year, five times more than in 2012

Venezuela’s ruling party chooses delegates to influential congress

Maduro seeking support for economic reform and crackdown on dissidence

“I stole, yes, but just a little”

Jan Martínez Ahrens Mexico City

Mexican mayor’s confession and other scandals show that anti-corruption measures have made little progress

Lo más visto en...

» Top 50

Webs de PRISA

cerrar ventana