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4 Benefits of Residency in Spain
There is no better time to buy a property in Ibiza. As a foreign property investor, you will be able to take advantage of the Spanish government’s approved law granting non-EU citizens residency permits when buying property worth €500,000 or more.
This Spanish residency will give you several benefits:
Visa-free access to all 26 Schengen countries
The Schengen zone is the group of 26 European countries that have abolished passport and immigration controls at their common borders. So by obtaining the Spanish visa you will get visa-free travel across all these 26 European countries.
(Photos: Shutterstock)
Better lifestyle
Ibiza (and Spain in general) consistently ranks as one of the world most desirable places to live, thanks to its excellent quality of life, enviable year-round nice weather, renewed gastronomy and beautiful beaches. Spain also boasts excellent infrastructure and good travel links to the rest of Europe.
Right to work in Spain for the whole family
The investors’ spouse (or person with a similar relationship), children under 18 years (and over 18 years if economically dependent) and other member of the family can also obtain the Golden Visa / Residency Permit, thus enabling the entire family to benefit from the scheme and so entitle them to work in Spain.
Excellent international schools
Spain boasts many international schools that are considered to be among the most renown throughout Europe. Depending which international school you choose for your kids, they can either follow the Spanish education system with the language of instruction being a mix of English and Spanish (and Catalan in Catalunya) or follow the education system of the school, with Spanish being taught as a second language. So if you are dreaming of moving to the beautiful island of Ibiza, read our previous blog about Education in Ibiza to get an idea of the island’s education system.
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