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Spain - EU
By first becoming a citizen of the Dominican Republic (DR) you can then become a citizen of Spain without the need to invest in Spanish property. To become a citizen of DR you first must invest in a freehold property. However, with this program, a simple fraction of a property is acceptable. This program enables an application with only a 1/12th fractional purchase of the freehold. Prices begin at just USD 25,000, have a guaranteed exit at 10 years repaying 100% whilst paying you a fixed net annual income of 8%. All tax free in DR.
Why Spain encourages easy immigration for DR Citizens?
Spain has a closer relationship with the Dominican Republic than with any other former Spanish colony. The majority of the DR’s all-inclusive hotels are Spanish-owned, part of more than $US 10 billion worth of Spanish investments in the country. This underscores the level of economic and political cooperation between the two countries, and explains why both feel that relatively easy residency policies are in their mutual interest.
First, one must gain residency in Spain for at least 2 years. All processes will be overseen by our lawyers and their partners, and administered by Arelis Versa.
The main route to Spanish residency is acquiring a Type B initial work permit (good for 12 months), followed by a Type C permit. A work permit will require sponsorship from an approved sponsor such as ‘Royal Resorts’ in which you will have purchased your fractional property. Arelis Versa will facilitate this. They will not be required to work in Spain provided they can demonstrate an income of $1500 usd per month, this can come from any source so long as they can demonstrate it, if they can not demonstrate that solvency every month then they will be required to have employment in Spain which we can assist with through cross affiliation with the hotels.
Once you have your DR citizenship in place, Arelis Versa processes your Spanish residency followed then by citizenship
A Dominican citizen making the residency application will receive a Foreigner’s Identity Card/number (TIE/NIE). They must then provide evidence of their spouse and/or children’s status, including marriage/birth certificates, passports, and criminal histories. Assuming the dependents have no criminal history, they will receive residency permission for the duration of the Visa approval period, and then formal residency status for the duration of the primary visa.
Next, one must qualify for permanent residency in Spain.
Under Codigo Civil Articles 17 – 26, (modified by laws 19/1990 and 29/1995), a Dominican citizen meets the standards for Spanish permanent residence and subsequent citizenship, so long as they:
· Have been resident in Spain for 2+ years, and
· Pass a medical and criminal screening just prior to receiving their new Spanish residence or citizenship documentation.
It is important to note that the DR Citizen applying for Spanish residence need not have ever lived or worked in the DR.
Lastly, one must apply for Spanish citizenship.
This is typically possible in as little as 18 months for DR Citizens who are also Spanish Permanent Residents.
All nationalities are included however it does take longer to get clients from certain countries approved and is usually done on a case by case basis.
Application and processing costs
All application and legal fees plus the property cost.
Citizenship of Dominican Republic.
6390 USD (or 8390 USD if applied remotely) per applicant (same fee for investor and each family member, including kids up to 25 years old) for example, investor + 2 family members make 3 x 6390 USD.
Permanent Residence Permit in Spain
34.000 USD for the whole family
(Fees are subject to change, please contact us to confirm the most accurate costs)
THE CITIZENSHIP PROGRAM