Article 62. Effects of residence visa for investors.
The granting of a residence visa for investors is sufficient title to reside in Spain for at least one year.
Article 63. Residence permit for investors.
1. Foreign investors wishing to reside in Spain for a period exceeding one year, may be provided with aresidence permit for investors, which will be valid throughout the national territory.
2. To apply for a residence permit for investors, the applicant must meet the general requirements of Article 59 and the following requirements:
a) To hold an in force residence visa or to be within ninety calendar days after the expiration of this.
b) To have traveled to Spain at least once during the period allowed to reside.
c) In the case referred to in point a) of paragraph 2 of Article 60 the investor must demonstrate that the investment has remained equal to or greater than the minimum amount required:
1. ° In the case of unlisted shares, you must submit a notarized certificate proving that the investor has maintained during the previous reference period, ownership of the unlisted shares that empowered him to obtain a visa for investors. The certificate must be dated within 30 days prior to filing.
2. ° In the case of investment in quoted shares, you must present a certificate from a financial institution stating that the applicant has maintained at least on average one million euros invested in listed shares during the period referenced above. The certificate must be dated within 30 days prior to filing.
3. ° In the case of investment in public debt, you must present a certificate from a financial institution or the Bank of Spain in which it is stated the maintenance or expansion during the previous reporting period, of the number of titles of public debt acquired by the time the initial investment was made. The certificate must be dated within 30 days prior to filing.
4. º In the case of investment in bank deposist, the investor must present a certificate from the financial institution to verify that the investor has maintained, or expanded, the deposit during the previous reference period. The certificate must be dated within 30 days prior to filing.
d) In the case referred to in point b) of paragraph 2 of Article 60, the applicant must demonstrate that the investor owns property/ ies in Spain valued the minimum amount required under that Article. The investor will have to provide certificate or certificates by the Land Registry that corresponds to the property or properties and must be dated within 90 days prior to filing.
e) In the cases referred to in point c) of paragraph 2 of Article 60, investor shall submit a favorable report from the General Directorate for Trade and Investment of the Ministry of Economy and Competitiveness, to find that the initial general interest of the project remains accredited .
f) Compliance with the obligations before Tax and Social Security Departments.
Article 64. Duration of residence permit for investors.
1. The initial residence permit for investors will run for two years.
2. Having completed that period, those foreign investors who are interested in residing in Spain for longer than those two years may request renewal of the residence permit for investors for the same period of two years.