Golden Visa Spain is a program that offers residence permits to non-European Union citizens in exchange for investment in Spain. It has become one of the most popular golden visas among international investors. In this article, we will discuss the Golden Visa Spain, its requirements, and how to qualify for it.
The Golden Visa is a permit that allows non-European Union citizens to live, study, and work in Spain for up to two years. The program was launched in 2013 and has since become very popular among investors. By investing in Spanish real estate, the investors can obtain a residency permit and enjoy the benefits of living in Spain.
Here are the requirements for obtaining a Golden Visa in Spain:
- Investment in Real Estate The main requirement for obtaining a Golden Visa in Spain is to make a significant investment in Spanish real estate. The minimum investment required is €500,000, and the investment must be made in just one property. If you invest more than €500,000, it can be distributed across multiple properties.
- Other Investments Apart from investing in real estate, you can also obtain a Golden Visa by investing in stocks, shares, and bonds in Spain. The minimum investment requirement for these investments is €1,000,000.
- Entrepreneurship If you are an entrepreneur, you can invest in a Spanish business and create employment opportunities for Spanish citizens. The minimum investment requirement for creating a new Spanish business is €1,000,000.
- Bank Deposits If you deposit €1,000,000 in a Spanish bank account, you can also qualify for a Golden Visa.
- Other Activities You can also qualify for a Golden Visa by engaging in scientific research, cultural, or sports activities in Spain.
Now, let’s move onto how to qualify for the Golden Visa Spain:
- Documentation To qualify for a Golden Visa in Spain, you must first gather the necessary documents. You will need a valid passport, a criminal record check, and proof of investment. You must have all these documents translated into Spanish by an official translator.
- Investment Once you have all the necessary documents, the next step is to make the investment. The investment can be made in one of the ways described above. You must make sure that the investment meets the minimum criteria set by the government of Spain.
- Apply for the Golden Visa After making the investment, you can then apply for the Golden Visa. You can do this either in person at the Spanish embassy in your country or in Spain. You will need to fill out an application form and pay a fee. The current fee for the Golden Visa is €60.
- Wait for Processing After submitting your application, you will need to wait for it to be processed. The processing time can take up to three months. Once your application is approved, you will receive a residency permit that is valid for two years. You can then renew this permit every two years as long as you maintain your investment in Spain.
In conclusion, the Golden Visa Spain is a program designed to attract foreign investors to the country. It offers many benefits, including residency permits, the right to work and travel freely within the European Union, and the ability to apply for permanent residency after five years. To qualify for the visa, you must meet the investment requirements, gather the necessary documents, and apply for the visa. If you are interested in investing in Spain and obtaining a Golden Visa, it is advisable to seek legal advice before making any investment decisions.