The Golden Visa for Spain is a residence visa issued to a non-EU national who intends to make a significant investment in the Spanish economy. The visa offers the holder and their family members residency in Spain and visa-free access to the Schengen Zone.
In most cases, Spain Golden Visas are issued to someone who purchases real estate. However, they are also available to businessmen who invest in a Spanish company, which is why they are referred to as Spain Investor Visas as well.
To be eligible for a Spanish Golden Visa, you must make one of the following investments:
In addition to the investment, you must also fulfil the following requirements:
Because the investment is so substantial and risky, most potential applicants consult with professionals in the field of investment immigration to determine eligibility. La Vida is a consultancy and assistance company, experienced in immigration law, real estate, and international investment. Their range of experts can guide you through your options and even help you apply for the Spanish Golden Visa.
If you have made any of the investments listed above, then you can submit a visa application to the nearest Spanish Embassy or Consulate. At the time of application, you must be committed to making the investment, but the investment does not necessarily need to be finalized.
You don’t have to be in Spain to apply for the visa, but you need a pre-visit to see your investment options up close, open a bank account, and meet with lawyers. You can go through this process yourself or with the help of experienced professionals, such as the experts at La Vida – Golden Visas. Once you are settled on investment, you can give Power of Attorney to your lawyer to submit your Spanish Golden Visa application and secure your deposit.
Application for family members: Your family members have to apply for their own visas to Spain as dependents. They must include documentation that proves family relation, such as birth and marriage certificates.
The family members you can include on the Spain Golden Visa are:
Your family members will also receive residence permits and be allowed freedom of movement in the Schengen Zone.
The Golden Visa which you receive at the Embassy will be valid for one year. During this year, you have to enter Spain and exchange your visa for a Spain residence permit, which will be valid for two years.
The residence permit can then be renewed indefinitely, without any stay requirements, as long as you maintain your investment. You have to travel to Spain each time you need to renew your residence permit.
If you intend to actually live in Spain, then you can apply for permanent residence after five years of continuous residency (at least six months out of the year).Can I Get Spain Citizenship by Investment?
Yes, Spain’s Investor Visa is a pathway to citizenship, as long as you live in Spain for at least 10 years.
Although the process of becoming a resident of Spain through investment is pretty straightforward, to receive a passport, you must live in Spain for at least 6 months out of the year for ten years.
In addition, there are other requirements for obtaining Spanish citizenship, such as knowing the language and having ties to the country. A Spanish passport will give the holder access to the EU job market and visa-free access to over a hundred countries.
Spain is part of the European Union, which means Spanish residents can travel visa-free to all Schengen Zone countries for up to three months in a six month period, as can your family members. Other benefits include:
When applying for a Spanish Golden Visa, you need the following documents:
The documents you submit have to be translated into Spanish (if they are not already) by a certified translator and apostilled. Golden visa experts at La Vida can help you settle the document package for the visa application.
If you have purchased a property in Spain, you must prove you have acquired ownership of the property through a certificate issued by the Land Registry within the three months prior to the application.
This certificate must include the purchase amount (no less than €500,000).
If the property purchase has not been entered in the Land Registry yet, you can simply submit proof that the documents have been entered for filing along with the proof of payment.
If the purchase of real estate has not been finalized, you can submit the preliminary contract, including a down payment, and a letter from a financial institution in Spain proving the availability of the required funds.
To prove your investment when applying for a Spanish Investor Visa, the following documents have to be submitted:
No, you cannot apply for a Golden Visa for Spain if you acquire the money via a loan. You must make the initial investment in full, though your own funds and you must be the sole owner of the investment.
However, if you purchase a property worth more than €500,000, then you can use loans and financing to pay for the amount exceeding €500,000.
Even if you make a joint investment or purchase, each individual investment has to meet the minimum requirements. As such, if you decide to purchase a property, each person involved has to pay €500,000 to be eligible for the Golden Visa. It is not possible to split the investment into smaller amounts, as you would not be eligible for the Golden Visa residency.
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