The residence visa for non-EU investors will entitle their holders not only to live but also to work in Spain. These visas are granted not only to those who invest in public debt, investment funds or corporations, but also those who acquire a home of more than half a million euros.
In the month of November 2012, Secretary of State for Trade, Sr. Jaime García-Legaz, issued a statement stating his idea of proposing an amendment to the Aliens Act, so that citizens from outside the European Union could get residency in Spain through the acquisition of real property with a value equal to or greater than 170.000 euros.