Ideally located on the southwestern shore of Europe, Spain is autonomous for diverse geography and cultures. Spanish residency offers the perfect geographical location for effective business activities across Europe. Additionally, it has a strong economic infrastructure, benefiting its residents with a high quality lifestyle, reasonable living costs, good health care and education. Spain launched its Golden Visa program in 2013. An investment of €500,000 will gain a family residency. The Spanish investor visa can be renewed every 2 years. After 5 years it is possible to gain permanent residency and after 10 years the applicant can apply for citizenship.