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An investment of €50,000 into a Latvian company, provided the company pays at least €40,000 per annum in tax will gain the investor a five-year residency after paying a one-off €10,000 fee to the government. The residency is renewable or it can be converted to permanent residency after four years of residency.
By electing to be nonresident, an individual can limit his liabilities to Spanish taxation to apply to Spanish income and assets only and hence exclude his foreign income and assets. Thus, under the Spanish non-resident income tax rules, he may avoid tax on his worldwide income for a period of up to six tax years provided certain conditions are ...
Spain considers as a resident a person who remains in Spain for more than 183 days in a calendar year or whose main base of activities or economic interests is in Spain. [124] Switzerland residency may be established by having a permit to be employed in Switzerland for an individual who is so employed. [125]
Permanent residency is a person's legal resident status in a country or territory of which such person is not a citizen but where they have the right to reside on a permanent basis. This is usually for a permanent period; a person with such legal status is known as a permanent resident.
Spain accepted 478,990 new immigrant residents in just the first six months of 2022 alone. During these months, 220,443 people also emigrated from Spain, leaving a record-breaking net migration figure of 258,547. [8] More women than men chose to move to Spain during 2022; this is due to higher rates of emigration from Latin America. [8]
A residence permit [1] [2] [3] (less commonly residency permit) is a document or card required in some regions, allowing a foreign national to reside in a country for a fixed or indefinite length of time. These may be permits for temporary residency, or permanent residency. The exact rules vary between regions.
Visa requirements for Spanish citizens are administrative entry restrictions by the authorities of other states placed on citizens of Spain.. As of 2025, Spanish citizens have visa-free or visa on arrival access to 192 countries and territories, ranking the ordinary Spanish passport 3rd in terms of travel freedom (tied with France, Germany, Italy, and Japan) according to the Henley Passport Index.
However, nationals of the above countries are exempt from airport transit visas if they hold a visa or residence permit for an EU single market country, Canada, Japan, United States or the Caribbean part of the Kingdom of the Netherlands, a residence permit for Andorra, Monaco, San Marino or the United Kingdom, a diplomatic passport, are family ...