2cartalkers
5/28/2013 21:31 EST
Recently we have been reading articles regarding the issuance of a green card by the Spanish government if a home is purchased in Spain. Does anyone have any information on whether the Spanish government has agreed to move forward on this proposal? My wife and I are both U. S. citizens and very near retiring and moving to Valencia and this has more than piqued our interest. Thank you!
Post a Reply
 0 0 abuse
|
|
hilde1
5/30/2015 08:45 EST
Yes, it's the law but they raised the value of the property to 500,000 euros.
http://www.worldpropertyjournal.com/featured-columnists/spanish-property-insight/spain-visa-law-approved-spanish-residency-schengen-area-spanish-parliament-residency-permits-real-estate-investments-eu-nationals-7413.php
Post a Reply
 0 0 abuse
|
|
|
|
AFTexan
7/2/2015 12:49 EST
We are also looking to move in the Valencia area about 3 or so years from now. 500K euros might work, but are the other permanent residency alternatives? Do (can) people retain US Citizenship or obtain dual citizenship?
Post a Reply
00abuse
|
|
cwells67
7/3/2015 03:00 EST
Typically, accepting the citizenship of one country requires the renunciation of the previous country. In other words, if you become a Spanish citizen, you will no longer be an American citizen. Check out this for a related discussion (http://www.expatriatecafe.com/forums/index.php?topic=3126.0)
The real question is related to why you want to change your citizenship. What benefits do you see as part of being a Spanish citizen? Trust me, as an expat here in Valencia, I have not experienced any real challenges because I am a US citizen.
Good luck! -christopher (http://www.ValenciaAtLast.com)
Post a Reply
00abuse
|
|
sdamazo
7/3/2015 04:56 EST
Many of us have both citizenship but it may be an american requirement. I know many american living in Spain and they kept theirs. There are some formalities to live here, but it seems easy to get a resident visa. Apart from embassy inquiry, if you visit Spain, bank manager can provide more detail on financial/documentation issues too.
Post a Reply
00abuse
|
|
sdamazo
7/3/2015 04:57 EST
Many of us have both citizenship but it may be an american requirement. I know many american living in Spain and they kept theirs. There are some formalities to live here, but it seems easy to get a resident visa. Apart from embassy inquiry, if you visit Spain, bank manager can provide more detail on financial/documentation issues too.
Post a Reply
00abuse
|
|
|
|
AFTexan
7/6/2015 14:14 EST
I/we certainly do not want to give up our US citizenship...was just wondering about the requirements for permanent residency for a non Spanish citizen. Sounds like we can get permanent residency without messing with our citizenship. Thanks for the replies.
Post a Reply
00abuse
|
|
|
|
