The Spain residence by investment program was first introduced in 2013 to help the economy back towards growth. It gained great popularity in recent years, providing temporary residence in Spain to thousands of applicants. The Spain Investor resident permit offers 5 investment options, including a popular real estate option. The investor receives a renewable Spanish temporary residence permit which they can turn into a permanent residence after 5 years. After 10 years of residence in Spain, foreigners can apply for citizenship. Spain’s passport is one of the world’s best, with visa-free travel to the U.S. and freedom of movement across Europe.