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Getting a Golden Visa

Spanish Golden Visa

The so called “Golden Visa” is a residency visa for foreign investors which was introduced by Law 14/2013, of 27 September that supports non-EU residents entrepreneurs who wish to internationalise and invest in Spain. By providing them with an opportunity to apply for Spanish residency and citizenship, Law 14/2013,
of 27 September intends to attract entrepreneurs to Spain, and stimulate foreign investment in Spanish real estate, public debt, and job creation.

Spanish Golden Visa

 

Why Spain?

After nearly a decade of economic crisis, Spain is fi nally growing again, underscoring hopes that the euro zone has reached a healthier place.

Spanish Residency Investment

The new Spanish Investors Visa or Golden Visa, as it is better known, and the Investor”s Residency Permit grant non-EU nationals all the privileges available to European residents, including free access to the EU countries within the Schengen area.
The programme guarantees the residency in Spain to investors, when they invest and maintain a property investment of at least 500.000 Euros.

Familly Reunification

The investor’s dependents (spouse and children under the age of 18 or elder ones, who are evidently unable to make their living due to their state of health) can benefi t from the same investment.

Investment Options

  • Capital Investment
  • Purchase of real estate of at least 500.000€
  • Stock share of Spanish companies of at least 1.000.000€
  • Bank deposits in Spanish fi nancial entities of at least 1.000.000€
  • Spanish Treasury Bonds of at least 2.000.000€

Other Types of Investments

  • Business Projects in Spain approved as general interest
  • Highly qualifi ed professionals and researchers
  • Intra-company employees transfers

Requirements to Obtain the Golden Visa

  • No EU national
  • Be of legal age (over 18)
  • Criminal record clearance
  • Be free of any contagious disease (International Health Regulation 2005)
  • Not to have entered or stayed irregularly in Spanish Territory
  • Not to have been refused entry in any of the Schengen countries
  • Have a valid health insurance policy in Spain
  • Have enough fi nancial resources to live in Spain for the period of residence
  • Investment in Spain (capital or other type)

Advantages of the Golden Visa

  • Initial visa valid for one year
  • Residence authorization to live and work in Spain for 2 years renewable for 2 further years
  • After 5 years of residence in Spain, possibility to apply for permanent residency and later for citizenship
  • Travel freely within the Schengen area
  • Maintain tax residence outside Spain
  • Investor!s direct family members can also apply for this permit

How Long is the Process?

  • One to four months once application and all required documents are submitted.

Types of residence permits granted under the Golden Visa law

  • One-year residence visa for investors (year 1)
  • Two-year residence visa for investors (years 2 to 5+)
  • Long-term residence and Spanish nationality (year 5 onwards)

FAQ

It takes 3-4 months from the time the bank account is created and the investment has been decided.
It depends on the services you require, please contact us for a quote.
Yes, the property has to be purchased first, then request the residence as an investor.
Medical insurance for 5 people is about 3,000 euros a year, will depend on the age of each person insured.
Yes, to open bank, you need a valid passport and the tax declaration of your income in your country.
The law says that when applying for residence, you have to have in your bank account in spain enough to live in the country. That is 30,000 euros by the holder and 6,000 euros for each family members.
If you invest 500,000 euros, and your children are under 18 years of age, you will not have any problems.
If your children are older than 18 years, you must show through official documentation of some ministry in your country of origin, that your children live under your roof and that they are financially dependent of you.

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