Residency Spain

New Spanish residency Laws

New Spanish residency laws are attracting wealthy Asians to EU. Even though the laws are yet to be defined in terms of conditions many Asians are already registering interest.
The fact that Spain will allow permanent residency to any foreigner person/s that purchases a freehold property in Spain in excess of 500,000 euro has really been received well in China, India, Malaysia, Russia, Pakistan and many other countries where individuals see the opportunity to enter the EU via Spain also taking advantage of the depressed property market thus maximising investment. We previously reported that Spain were initailly considering a figure of 160,000 but pressure from EU states has seen the Spanish government settle on 500,000 to ensure individuals and families of reasonable wealth are attracted.

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