
The Spanish Government introduced Law 14/2013 on the 27th September 2013 and gave the opportunity to non-EU citizens to obtain a Residence Permit by investing in Real Estate in Spain for a minimum value of EUR 500,000. A residence permit for one year is issued and can be renewed (for a 2-year period each time), provided that the applicant still owns the real estate property. The residence permits do not allow a right to employment of any type.
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