SPAINGOLDEN VISA
MIN INVESTMENT
€500,000
PROCESSING TIME
1-2 MONTHS
PERMIT TYPE
TEMPORARY RESIDENT PERMIT
FAMILY
SPOUSE, CHILD, PARENT
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SUMMARY
Spain is a member of the European Union and a renowned holiday destination. Spain is famous for its pleasant environment, fascinating history, and exciting lifestyle. The Spain Investor Visa Programme allows you to live in Spain by investing. Applicants who are approved are given temporary residence for a period of five years. You are eligible for permanent residency after five years. You will be eligible to apply for citizenship after ten years of living in Spain.
The Spain Golden Visa allows for various investments, including real estate, government debt, business operation, and stock or bank deposits. For the purchase of a real estate property in the region, the investment starts at €500,000. Whatever you decide to invest in, you must keep it for at least five years.
Citizens of Spain are free to live anywhere in the European Union. The Spanish passport is one of the best globally, and it allows you to visit the United States without a visa for 90 days per year. In Spain, taxes are high, and applicants must spend most of their time in the country to achieve permanent residency. Inpatriates are given the option of paying a flat rate of 24 percent tax on their earnings. The Spanish Golden Visa Program lets you live and work in the EU legally.
POPULATION
46.94 Million
CAPITAL
Madrid
CURRENCY
Euro
LANGUAGE
Spanish
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- TYPE: RESIDENCY
- VISA-FREE: EU, US
- PROCESS: 2 MONTHS
INVESTMENT
There are 4 investment options to qualify for the Spain Investor Visa. The investment must be held for a minimum of 5 years:
- €2m investment in public debt
- €500,000 investment in real estate
- €1m investment in shares or bank deposits
- investment in a business project in scientific and technological innovation (no minimum amount)
Application Fees: €71.1 per person
SPAIN RESIDENCY INVESTMENT OPTIONS
REAL ESTATE
Purchase a property in Spain for a minimum of €500,000. If a legal entity makes the application, the residence permit would be given only to the individual who owns the majority of the company’s shares, and it also creates a special regime for couples who are married under the community property regime. That is the law’s sole scope of operation. As a result, when a property is acquired by many natural persons who do not constitute a corporation, they are excluded from the extent of the law. Unless they form a corporation and become part of a legal person, Law 14/2013 does not contemplate the possibility of multiple natural persons jointly acquiring a land. The law does not restrict the purchase of a portion of a house but rather the purchase of one or more properties as a whole (“the acquisition of real estate properties in Spain”). The prospect of issuing an investor’s residence permit depends on the purchase of the real estate by a group of people is not being considered.
BUSINESS PROJECT
Business projects: there is no minimum investment requirement; they must be of general interest:
- Creation of jobs
- Social and economic impact on the geographical area where they are made.
- A significant contribution to scientific and technological innovation.
SHARES OR BANK DEPOSITS
Applicants can invest €1m in :
- Unlisted shares and equity: a declaration of investment must be submitted with the Ministry of Economy and Competitiveness’ Investments Register (Registro de Inversiones). OR Listed shares: a document from a financial broker registered with the National Securities Market Commission (CMNV) or the Bank of Spain; a document from a financial broker registered with the National Securities Market Commission (CMNV) or the Bank of Spain. OR
- Shares in a Spanish investment fund: a certificate from a fund management firm registered with the National Securities Market Commission (CNMV) claiming that the applicant has invested at least EUR1 million in one or more funds managed by them. Bank deposits: a certificate from the financial institution stating that the claimant is the sole owner of the bank deposit. A letter from the financial institution says that the applicant is the sole owner of the bank deposit. OR
- Investment funds: investment funds of close-end type or venture capital funds set up in Spain.
PUBLIC DEBT
Invest at least 2m EUR in Spanish public debt securities
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PROCESS
Application Processing Time: 1-2 Months
Step 1 - Month 1
Before you can apply, you'll need to collect your documentation and decide on an investment option. You will need to fly to Spain to continue with the application. As a result, obtaining a tourist visa may be required first. Your visa will arrive in 10 working days.
Step 2 - Month 2
You will be scheduled for a biometrics appointment in Spain to complete your investment. Following that, you must submit the supporting documents. Within 20 working days, the Spanish administration will review your application and make a decision.
Step 3 - Month 3
Once the Spanish authorities approve your application, you can collect your resident permit.
CONDITIONS
- A series of requirements must be fulfilled to apply for Spain Investor Visa Program. Check all the requirements for obtaining Spain Residency By Investment.
- Financial Requirements:
Proof of sufficient funds and depending on your investment option:
- Unlisted shares and equity: declaration of investment filed with the Directorate-General for International Trade and Investments' Investments Register (DGCOMINVER)
- Shares listed on the stock exchange: a statement from a financial broker registered with the National Securities Market Commission (CNMV) or the Bank of Spain.
- Certificate from the fund manager for investment funds.
- Certificate from the financial institution for bank deposits
- Land: property registration certificate and real estate purchase deeds. If the purchase is not formalised, a public act is used to formalise the marriage contract.
- Business project: the DGCOMINVER gave it a thumbs up. - Criminal Record:
You must not have a criminal record in Spain or in the countries you have resided in the past five years. - Health Insurance Coverage:
Health insurance documents issued by a company operating in Spain.
FAMILY
- Parent Dependent
Parents in their charge - Child Dependent
Children who are minors or those of legal age being financially dependent on the holder.
INITIAL PERMIT
- Applicants approved for Spain Golden Visa are granted a one-year temporary resident permit (2-year if applying from within Spain). You will renew it for another two years after that and then for another five years as long as you meet the investment criteria. During the validity of the residence permit, the investor must visit Spain at least once.
PERMANENT RESIDENCY
- Residency Requirement:
For the past five years, I've been in Spanish territory. Absences from Spanish regions for up to 6 months in a row would not affect continuity, as long as the total does not reach ten months in five years. If you're going to college, you can't go more than one year in five years. - Criminal Record:
Lack of criminal records in Spain and their previous countries of residence for crimes existing in Spanish law.
CITIZENSHIP
- Residence Requirements:
10 years in a legal, continuous, and immediately before the request. - Test:
The Spanish Language Proficiency Test and the Constitutional and Sociocultural Awareness Test (DELE). The authorization of consultation with the Ministry of Justice, which is included in the application form, may be used instead. Exemption from the DELE review for nationals of a country where Spanish is an official language, as defined by the Regulation of nationality by residency, valid passport, or race certificate that establishes the exemption. - Citizenship Conditions:
Except for citizens of Ibero-American nations, Andorra, the Philippines, Equatorial Guinea, or Portugal, and Sephardim, who orally announce that they renounce their former nationality. Some countries are oblivious to the loss. - Criminal Record:
Certificate of your country of origin's criminal record, interpreted and legalised in compliance with current international agreements, or a consular certificate of conduct released after consultation with the appropriate authorities.
