What is the Golden Visa in Spain?
The Golden Visa Spain is a special residency permit designed for non-European Union citizens who make a significant investment in Spain. This visa allows investors to live and work in Spain, providing an initial 3-year residency with the option to renew for an additional 5 years, as long as the investment is maintained.
In addition to living and working in Spain, this visa offers the significant benefit of free travel within the Schengen Area, making it an attractive option for those who wish to move freely across Europe without additional visas.
Who Can Apply for the Golden Visa?
Non-EU citizens can apply for the Golden Visa if they make one of the following significant capital investments in Spain:
- Financial Assets:
- €2 million in Spanish government bonds.
- €1 million in shares or equity of Spanish companies with real business activity.
- €1 million in investment funds or venture capital funds incorporated in Spain.
- €1 million in bank deposits held in Spanish financial institutions.
- Real Estate Purchase:
- An investment of €500,000 or more in Spanish property for each applicant.
- Business Projects:
- Investments in business projects that create jobs, have a relevant socioeconomic impact, or contribute to scientific and/or technological innovation.
Types of Permits Available
There are two main types of permits under the Golden Visa program:
- Visa: If the applicant is outside Spain, they can obtain a 1-year visa to live and work in the country. In the case of real estate purchases with only a pre-contract (arras), the visa is limited to 6 months.
- Residence Permit: If the applicant is legally in Spain, they can receive a 3-year residence permit, renewable if the investment is maintained.
Requirements for Application
To apply for the Golden Visa, investors must provide documents proving the investment in one of the eligible categories:
- For financial assets, a certificate from the registry or financial institution must confirm the investment.
- For real estate purchases, a Property Registry certificate must show ownership of properties free of liens, with a minimum value of €500,000.
- For business projects, an investor must obtain a favorable report demonstrating the positive impact of the investment.
How to Apply from Spain or Abroad
If the applicant is legally in Spain, they can directly apply for the residence permit. If they are outside Spain, they must apply for the visa at the Spanish consulate in their country of residence after completing the investment.
Can the Golden Visa Be Renewed?
Yes, the visa can be renewed for periods of 5 years, as long as the original investment conditions are met.
Can Family Members Join the Investor?
Yes, the investor can apply for residency permits for their family members, including:
- Spouse or registered partner.
- Children under 18, or older if financially dependent.
- Dependent parents.
We have experience in this type of procedure, so if you need any assistance, please do not hesitate to set an appointment or contact us.
