Spain Golden Visa Program

Spain Golden Visa Program: A Gateway to Europe

Introduction

The Spain Golden Visa Program offers a golden opportunity for non-EU investors to gain residency in Spain through investment. Launched as a response to the financial crisis to attract foreign capital, this program has become a pathway to Europe for many.

Understanding the Spain Golden Visa Program

Spain, being part of the EU and the Schengen Area is an attractive place to live due to its high living standards and growing economy. As a result, families and businesses are increasingly considering Spain for investment. For non-EU nationals with aspirations in Europe, the Spain Golden Visa Program offers a fantastic opportunity. It allows individuals to live, study, and work in Spain, leading towards permanent residency and, eventually, citizenship. After five years of temporary residence under this program, you can apply for permanent residency. Then, after ten years of permanent residency, citizenship through naturalization becomes an option, provided you meet the necessary criteria.

Investment Options Available

Real Estate Investment: Invest a minimum of €500,000 in any type of Spanish property, including residential, commercial, or agricultural options.
Commercial Property Ownership: With an investment of €500,000+ , expect a return on investment (ROI) of 3% annually. This involves a 10-year yield paid upfront, effectively reducing the capital commitment to €350,000+ .
Stocks/Business Investment: Allocate €1 million+ towards purchasing Spanish stocks, shares, or investing in the share capital of a Spanish company.
Bank Deposit: Make a deposit exceeding €1 million in a Spanish national bank, maintaining this balance throughout the residency.
Spanish Government Bonds: Purchase €2 million+ in Spanish government bonds and retain them for the duration of your residency.
Entrepreneurial Projects: There is no prescribed minimum investment for starting a new business that benefits the national interest, creates jobs, or significantly contributes to scientific or technological innovation.

Benefits of the Spain Golden Visa

Traveling Advantages: Being part of the EU and Schengen area allows Spain Golden Visa holders visa-free access to numerous countries across Europe, enhancing mobility and travel convenience.
Education Opportunities: The Spain Golden Visa Program facilitates family residency, appealing to investors prioritizing their children’s education. Spain, as an EU country, provides a diverse range of educational institutions catering to international students.
Excellent Value Investment: The commercial real estate option significantly lowers the initial investment for the Spain Golden Visa to €350,000, offering an outstanding value proposition.
No Minimum Stay Requirements: Spain Golden Visa holders are only required to visit Spain for residency renewal after the first three years and subsequently at five-year intervals, providing flexibility in living arrangements.
Work Permits for the Family: Unlike Greece and Italy, the Spain Golden Visa allows you and your family to work in Spain, offering broader opportunities for employment.
Immediate Family Reunification: Family reunification processes are expedited in Spain, contrasting with Portugal’s lengthy timelines, enabling families to live together in Spain from the start.
Access to Spanish Education and Healthcare: Beneficiaries can enroll children in both public and private educational institutions and access comprehensive medical services, ensuring a high quality of life.
Fast Application Process: The Spain Golden Visa boasts one of Europe’s quickest application turnaround times, with residency achievable in as little as 60 days.

Process and Documentation for the Spanish Golden Visa

The application process for the Spain Golden Visa is designed to be straightforward. Follow these essential steps to navigate through the procedure efficiently.

Essential Steps for Application:

Select Your Investment Option: Begin by choosing an investment route that aligns with your preferences, as detailed in the “Investment Options of Spanish Golden Visa” section. Our Golden Visa experts are on hand to guide you through evaluating these options.
Application for Schengen Visa: Once your investment decision is made, prepare and submit the application for a Schengen Visa, initiating your journey towards the Spain Golden Visa.
Biometric Data Submission in Spain: Your next step involves visiting Spain to provide biometric data to the authorities. This crucial part typically takes about two months to complete.
Awaiting Approval: The final step in your application involves waiting for the authorities’ decision. The review process, leading to approval or rejection, usually concludes within 20 days.
Receiving Your Spain Golden Visa: Upon approval, you will receive your Spain Golden Visa, allowing you to start enjoying the myriad benefits it offers.

Required Documents for Residency Visa Application:

Valid Passport: Ensure your passport is valid for at least one more year.
Proof of Sufficient Funds: A document confirming you have enough funds to support your living expenses during your stay.
Medical Insurance: A document proving you are covered by medical insurance.
Proof of Children’s Education: If applicable, a document from the relevant authorities confirming the schooling arrangements for your children.

All documents must be translated into Spanish and legalized for the application to be processed.

Duration and Renewal of the Visa

The Spain Golden Visa initially offers a three-year residency. Holders have the option to extend this period for up to five years, and after this period, apply for a permanent visa. Understanding the extension process is crucial for maintaining your residency status in Spain.

Requirements for Extending the Residence Visa:

Valid Investors Residence Visa: You must either hold a current Investors Residence Visa or have one that expired no more than 90 days ago.
Minimum Stay in Spain: There is no legal minimum stay in Spain with the Golden Visa.
Maintenance of Investment: The initial investment that qualified you for the Golden Visa must still be active and in place.
Continuous Eligibility: You must meet all the initial visa requirements that were necessary to obtain your residence visa initially.

Adhering to these requirements ensures a smooth process when extending your Golden Visa, allowing you to continue enjoying the benefits of residing in Spain.

Our Partnership with GoldenVisa.es for the Spanish Golden Visa

We are thrilled to announce our partnership with GoldenVisa.es, a step forward in enhancing our services for the Spanish Golden Visa program. This collaboration is set to streamline the application process, offering our clients expert advice and comprehensive support. Our joint effort is dedicated to ensuring a seamless path towards achieving Greek residency.