Golden Visa
Spain offers a Golden Visa program that allows non-European Union (EU) citizens to obtain residency in Spain by making a qualifying investment. The program aims to attract foreign investors and stimulate economic growth.
Qualifying Investments:
Real Estate: One of the most common ways to obtain a Golden Visa is by making a significant investment in real estate in Spain. The minimum investment amount varies, but it typically starts at €500,000.
Capital Transfer: Another option is to make a capital transfer or investment in a Spanish company or bank. The minimum investment amounts for this option may vary.
Application Process:
Applicants need to submit their Golden Visa application to the Spanish authorities.
The application process typically involves proving the legality of the investment, such as providing property deeds or investment certificates.
The Spanish Consulate or embassy in the applicant's home country is often involved in the application process.
Residency Permit:
Once approved, successful applicants receive a residency permit that allows them to live in Spain.
The initial residency permit is usually valid for one year, and it can be renewed for two-year periods afterward, if the investment is maintained.
Family Reunification:
The Golden Visa extends to the applicant's family, including spouse and dependent children.
Residency Requirements:
While the Golden Visa allows for residency, there are minimal physical presence requirements. This means that holders are not obligated to reside in Spain for a specific amount of time.
Path to Permanent Residency and Citizenship:
After five years of holding a Golden Visa, investors can apply for permanent residency.
Spanish citizenship may be applied for after ten years of legal residency.
It's important to note that the specifics of the program can change, so it is advisable to check the latest requirements and regulations with official government sources or seek legal advice from professionals specializing in immigration and investment in Spain. Additionally, the minimum investment amounts and other criteria may vary depending on the region within Spain.
