After you have lived in Spain for five years you can apply for permanent residence and after 10 years you can apply for Spanish nationality, although exemptions exist that allow certain people to apply sooner, for example, if you are married to a Spaniard or the child of a Spanish parent. Both Spanish citizenship and permanent residency allow you to stay living in Spain, but some differences exist between the two.
Spain is World’s 14th-largest economy and one of the most attractive domestic markets in Europe - being the 5th-largest economy in the EU with a GDP worth 1.2 trillion USD]- with 46 million consumers, on top of the 75 million tourists who visit Spain every year.
Spanish exports of goods to third markets reached 255 Billion euros last year. Foreign Multinationals established in Spain account for around 40% of total exports from Spain to the rest of the world.
Competitive Business Framework
Highly Skilled and Competitive Labor Costs Spain occupies 4th position in the “Hays Global Skills Index, 2016” that measures a comprehensive set of Macroeconomic and Labor market indicators across 33 countries in the World.
Logistic Infrastructures & Networks
The Global Competitiveness Report 2016 published by World Economic Forum (WEF), ranks Spain 10th in the World in Infrastructure and Logistic facilities. Spain’s Infrastructures are “State of the art” worldwide including International airports and business Infrastructure for tourist main entrance
A settlement permit – or Spain permanent residence – is another way you can stay in Spanish indefinitely. It is very similar to the permanent EC residency except it does not allow you to move around the EU, and, in certain conditions, you can get it much sooner than five years.