An investment allows you to obtain the golden visa in Spain.
Spain has become one of the most desirable destinations worldwide, attracting millions of visitors each year with its stunning natural beauty, beautiful beaches, vibrant culture, and rich history.
It is also a highly sought-after location for investors, thanks to the Spain Residence by Investment Program, also known as the Golden Visa.
This program offers a pathway for individuals and their families to acquire residency status in Spain through a significant investment in the country’s economy.
In this comprehensive guide, we will walk you through the process, requirements, benefits, and frequently asked questions about the obtain the Golden Visa in Spain.
What is the Golden Visa in Spain?
The Golden Visa in Spain is a residency permit issued to non-EU citizens who make a substantial investment in the country. It provides the opportunity to reside, work, and study in Spain, and grants travel within the Schengen area.
Eligibility Criteria for the Golden Visa in Spain
To be eligible for the Golden Visa in Spain, you must meet certain criteria, including:
- You must be at least 18 years old.
- You must have a clean criminal record.
- You must possess a private or public health insurance policy.
- You must have sufficient funds to cover your living expenses without working in Spain.
- You must not be on Spain’s list of undesirable people.
- You must not have been rejected for residency in certain countries or Spain.
- You must meet the specific financial requirements for the chosen investment option.
Investment Options for the Golden Visa in Spain
There are several investment options available for obtaining the Golden Visa in Spain. These include:
- Real Estate Investment: Invest a minimum of €500,000 in Spanish real estate, which can be residential or commercial property.
- Business Development: Create employment opportunities, contribute to the Spanish economy, or make significant socio-economic impacts through business investments totaling at least €1 million.
- Purchase of Spanish public debt in excess of €2 million.
- Deposits in banks in Spain in excess of €1 million.
The Application Process for the Golden Visa in Spain
The application process for the Golden Visa in Spain can be summarized in the following steps:
Application Option at the Spanish Consulate
- Certificate of Ownership and Encumbrances from the Land Registry in Spain
- If the purchase has not been formalized but there is a pre-contract with an earnest money guarantee formalized in a deed, this pre-contract must be submitted to.
- request an appointment to present all documents at the Spanish Consulate.
- the application at the consulate must be made 90 days before entering Spain.
Direct application in Spain if the investor comes from a visa-exempt country
It is possible to apply directly for the residence permit but within 90 days of entering Spain.
Our firm can take care of the online application process before the UGE.
Required Documents for the Golden Visa in Spain
When applying for the Golden Visa in Spain, you will need to provide various documents, including:
- Valid passport with a minimum validity of one year.
- Proof of sufficient funds to cover living expenses.
- Medical insurance coverage in Spain.
- Documents related to the chosen investment option, such as property ownership certificates or investment certificates.
- Criminal record check certificates.
- Proof of residence in the consular district.
- Proof of identity and capacity if applying through a representative.
- Payment of the visa fee.
Renewal Process
The initial Golden Visa granted is valid for 3 years, with the possibility of renewal.
To renew the Golden Visa it is necessary to maintain the same investment.
Advantages
The Golden Visa in Spain offers several benefits, including:
- Residency in Spain for you and your family members.
- Travel within the Schengen area.
- Access to Spain’s high-quality healthcare and education systems.
- Possibility of obtaining permanent residency after five years.
- Possibility of applying for Spanish nationality by residence.
- Tax benefits
Conclusion
The Golden Visa in Spain offers a fantastic opportunity for individuals and families to obtain residency in a dynamic, beautiful country.
With various investment options and a straightforward application process, the Golden Visa provides a pathway to live, work, and study in Spain, with the potential for permanent residency and citizenship in the future.
If you are considering relocating to Spain or investing in the country’s economy, the Golden Visa is an avenue worth exploring.
Contact us today to speak with our advisors, who can guide you through the process and help make your Spanish dream a reality.
Frequently Asked Questions
The Golden Visa is a residency permit granted to non-EU citizens who make a significant investment in Spain
Yes, the Golden Visa grants visa-free travel within the Schengen area, which includes many European countries.
Yes, the Golden Visa allows you and your family members to live and work in Spain.
The initial residence visa is valid for one year. Then, you can apply for a residence permit for 3 years, renewable.
The Golden Visa is a residence permit that counts towards citizenship
For the golden visa in Spain, can I apply with two properties (a piece of land for 30,000 euros) and a villa for 460,000 euros)? thank you for your answer