The Government will facilitate and expedite the granting of residence permits to foreigners who conducted real estate purchases above € 500,000, compared with 160,000 euros announced at first.

In the press conference after the Council of Ministers, the Deputy Prime Minister, Soraya Saenz de Santamaria, explained that the bill also includes entrepreneurs to be granted a residence permit to foreigners to buy public debt amounting to more than two million euros.

It also provides residence for foreigners to invest in business projects that create jobs or have a significant impact in terms of socio-economic or scientific and technological innovation. Also if making a significant investment or business project of general interest.

Saenz de Santamaria said that it is benefiting people who come to contribute to the country’s wealth.