Spain Weighs Tighter Golden Visa Rules for Real Estate Investors
Residential apartment buildings in Palma, Mallorca, Spain.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Spain is weighing tighter rules on issuing golden visas to foreign investors, newspaper El País reported Monday, citing people at the social security ministry it doesn’t identify.
Current rules grant 3-year residence permits to foreign citizens who spend at least €500,000 ($552,330) to buy a house in the country. Foreigners can also receive a golden visa by investing at least €1 million in shares or more than €2 million in Spanish treasury bonds.