The Golden Visa is a residence visa that allows non-EU investors and their direct family members (spouse and children under 18 years of age) to live and work in Spain.
This visa is granted in exchange for a significant investment in the country, whether in the form of real estate investment, business investment or investment in public debt.
Requirements for the Golden Visa in Spain
There are several requirements to obtain a Golden Visa in Spain. First of all, applicants must be non-EU citizens and have a minimum age of 18 years. In addition, applicants must meet one of the following investment requirements:
Real Estate Investment: Applicants must make a real estate investment of at least 500,000 euros in a property in Spain.
Business investment: applicants must invest at least 1 million euros in a Spanish company.
Investment in public debt: applicants must invest at least 2 million euros in Spanish public debt.
Applicants are also required to have private health insurance and a criminal record certificate issued by the authorities of their country of origin.
Advantages of the Golden Visa in Spain
The Golden Visa in Spain offers several advantages. Firstly, it allows investors and their direct family members to live and work in Spain for a certain period of time. In addition, the Golden Visa makes it easier to obtain residence and work permits for immediate family members.
It is not necessary to permanently reside in Spain to maintain it, which allows investors to continue living and working in other countries. Furthermore, after 5 years of residence in Spain, Golden Visa holders can apply for Spanish citizenship.
Apply for the Golden Visa in Spain
Applicants must submit their Golden Visa application at the Spanish visa office in their country of origin or in the country where they are legally residing. Applicants must submit a series of documents that support their investment, such as a property purchase contract or an audit report from the company in which they invest.
Once the application has been submitted, the approval process can take anywhere from 20 to 60 days. If the application is approved, a one-year entry visa will be issued, allowing the holder to enter and leave Spain during that period.
At the end of the year, a visa renewal can be applied for for an additional period of two years, and after 5 years of residence in Spain, Spanish citizenship can be applied for.
The Golden Visa in Spain is an excellent option for non-EU investors looking to live and work in Spain.