2023-06-27 23:54:52
Recently, a story regarding the options to obtain Spanish nationality if you had one of the thousands of surnames that appeared on a list went viral once more.
Now another possibility of applying for nationality appears for Colombians who are considering the possibility of emigrating to that country.
You may also be interested in: Is it true that you can request Spanish nationality by your last name?
Due to the decline in the value of the dollar and the euro, many Colombian investors are looking for alternatives to diversify their investments on the other side of the world, and Spain has become a great option. That is why we tell you what options you have to migrate.
That is why Pro Corp, a company specializing in investment banking and private investment management, recommends that any investment focus on stable currencies such as the euro and the dollar, as they are attractive options to protect and grow wealth.
With regard to Europe, Spain represents an attractive destination for investors because it has experienced constant economic growth in recent years, offering various investment opportunities in sectors such as tourism, technology, renewable energy, financial services and real estate. The latter has proven to be one of the preferences of Latin American investors.
“We have spent years listening, studying the investment needs of our clients, and analyzing the markets to identify the best opportunities that fit their profiles. In Spain, for example, we have detected a variety of investment opportunities in different sectors, such as real estate, where we have identified profitable opportunities in key cities such as Madrid, Barcelona and Valencia, offering attractive internal rates of return ranging from 28% and 47%” assured Jaramillo Sanmiguel, president of Pro Corp.
The executive added that “the Spanish market for buying, selling and renting real estate is highly competitive, but it appreciates in the medium term, and at the same time it offers the opportunity to obtain a Golden Visa residence (depending on the amount invested), which later allows you to acquire the Spanish nationality”.
Recommendations for investing in Spain with a view to potential migration
Javier Jaramillo recommends that Colombians who are interested in investing in euros do so in Spain, since this country is an excellent alternative for reasons such as:
1. Spain has experienced steady economic growth in recent years and has modern infrastructure, financial stability, and a secure political and legal environment. In addition, you have access to the European market, one of the largest and most prosperous in the world.
2. “Investing in this country also provides the opportunity to obtain a European passport, which allows you to enter more than 190 countries without the need for a visa, and opens the doors to the rest of Europe, which provides commercial benefits without significant restrictions.
3. With regard to the real estate sector, the appreciation of real estate in this country has been constant in the last decade, in addition to the fact that Spain is the third most touristic country in the world, which makes it very attractive if you are thinking of Invest in vacation properties.
Investing is one of the best options to move to Spain
There are various alternatives to reside in Spain and then opt for nationality. “At Pro Corp, we always recommend seeking expert advice, as there are several options. It is important to point out that following two years of legal residence in Spain, Colombians can obtain Spanish nationality”, indicates the president of the company.
There are two main options to invest and have legal immigration status, depending on the profile of each applicant:
1. Golden visa: also known as the residence for investors, it is an option that offers residence in Spain to non-European Union citizens who invest in the country, whether in real estate, shares of a Spanish company, public debt or investment in a project to be developed in Spanish territory.
Its main advantages are:
Right to live and work in Spain for 3 years (with the possibility of renewal for an additional 5 years). Option to apply for Spanish nationality. It is not necessary to become a tax resident, since it is only required to visit Spain once a year. make a joint application to include the spouse and children, also allowing them to opt for Spanish nationality following two years.
But it also has some important considerations:
It is necessary that the investment made be of a minimum amount of 500,000 euros. In addition, other associated expenses must be taken into account, such as additional taxes for the purchase of properties, which will vary depending on the status of tax resident. It is not allowed to use financing, as a mortgage loan, to carry out the investment.
2. Non-profit residence: it is a type of residence that grants non-European citizens who have sufficient funds, an authorization to reside in the country without carrying out any type of economic activity, except investing. This visa allows you to stay for one year in Spanish territory with the option of renewal for 2 more years, thus being able to opt for nationality.
Some of the advantages are:
Possibility of studying and doing internships. Freedom of movement throughout the European Union during the period of residence.
In addition, the legal process to obtain this residency is relatively quick.
Among your considerations are:
It is mandatory to start the process from the country of origin, and also demonstrate a minimum income of 28,800 euros per year to live in Spain. If the applicant wishes to emigrate with his family, an additional 7,200 euros are required for each member. It is also important to take into account that the applicant will become a tax resident.
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