One can apparently qualify for the investment-based GV in Spain (and Portugal, I think) by depositing 1 million euros in a Spanish (or Portuguese) bank. It seems as if that would be much simpler and faster (assuming one has the cash) than other GV investment routes (including purchase of real estate).
Is anyone going that route?
Obviously 1M euros is a great deal of money to keep tied up in a bank account, given ongoing living expenses. So I’m wondering whether once you’ve gotten the GV via the 1M bank-account route, you can then simply switch from it to a 500K property purchase and not lose the GV and have to restart the GV process on the new basis. If such a switch is feasible, one could thereby recoup the difference (500K) for living expenses, etc. That would make it a far more viable route.
dDoes anyone By selling my house in CA, plus using savings, I might be able to come by that amount of money. Does anyone else have more information on that route to the GV.