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

Argentina makes debt swap offer to sidestep US ruling

President Fernández de Kirchner says unpaid creditors can exchange their bonds for domestic paper

Venezuelan ministers step down to give Maduro a free hand in reshuffle

Resignations suggest an imminent cabinet change

Puerto Rico’s population dwindles

Number of people living on the island is on the decline as a result of emigration to the US mainland and low birth rates

Poll shows Marina Silva is President Rousseff’s main rival in Brazil elections

Environmentalist would win 47% of vote if she replaces late Socialist candidate

Lo más visto en...

» Top 50

Webs de PRISA

cerrar ventana