The Golden Visa in Spain is an attractive option for foreign investors seeking to obtain residency in the country through significant investments. This article will guide you through the application process, the requirements, and the benefits offered by this type of visa.
What is the Golden Visa in Spain?
The Golden Visa, or Residence by Investment Visa, is a type of visa that allows non-European Union citizens to obtain residency in Spain in exchange for making a substantial investment in the country. This visa was introduced in 2013 as part of the Entrepreneurial Law, with the aim of attracting foreign capital and boosting the Spanish economy.
Requirements to obtain the Golden Visa in Spain
To be eligible for the Golden Visa in Spain, you must meet one of the following investment requirements:
- Real estate investment: A minimum investment of 500,000 euros in real estate properties in Spain.
- Investment in Spanish companies: Investment of 1 million euros in shares of Spanish companies or deposits in Spanish banks.
- Purchase of public debt: Investment of 2 million euros in Spanish government bonds.
- Business projects: Investment in a business project in Spain that is considered of general interest, such as creating jobs, having a significant socioeconomic impact in the region, or contributing to scientific or technological innovation.
- Be over 18 years old
- Experience in business management in investments.
Required Documentation
To apply for the Golden Visa, you need to submit a series of documents:
- Valid passport.
- Health insurance in Spain.
- Photo
- Certificate for family members (family members must provide proof of their relationship with the investor, such as a marriage or birth certificate).
- Proof of the investment made, such as a property registry certificate for real estate investments or a bank statement showing the purchase of shares.
- Health insurance covering your stay in Spain.
- Criminal record certificate, certifying that you have no convictions in the last five years.
- Proof of financial solvency, demonstrating that you have sufficient economic resources to support yourself and your family in Spain.
Benefits of the Golden Visa in Spain
The Golden Visa offers numerous benefits for both the applicant and their family:
Residency in Spain
The main benefit is obtaining residency in Spain for the investor, their spouse, and their children under 18, or dependent adult children. Additionally, it is not necessary to reside in Spain continuously to renew the visa, allowing the holder to maintain their primary residence in another country.
Freedom of Movement
The Golden Visa allows its holders to travel freely across the countries that are part of the Schengen Area without needing additional visas. This is a significant advantage for those who need to move frequently across Europe.
Renewal and Access to Citizenship
The Golden Visa is renewable every two years, as long as the investment in Spain is maintained. After five years of residency, holders can apply for permanent residency, and after ten years, they can opt for Spanish citizenship.
Access to Public Services
Golden Visa holders are entitled to access public services in Spain, such as healthcare and education. This is especially beneficial for those planning to move to Spain with their families.
Application Procedure
The application process for the Golden Visa is relatively straightforward and can be done from outside Spain or once you are in the country. The main steps are:
- Prepare the documentation: Gather all necessary documents, including proof of investment and certificates.
- Submit the application: You can submit your application at the Spanish consulate in your country of origin or at the Immigration Office in Spain.
- Wait for approval: Once submitted, the application is usually approved within 20 days.
- Receive the visa: If your application is approved, you will receive the visa, allowing you to reside in Spain with full rights.
The Golden Visa in Spain is an excellent option for investors looking for residency opportunities in Europe while contributing to the Spanish economy. With benefits such as residency for the entire family, access to the Schengen area, and the possibility of obtaining citizenship, this type of visa is increasingly popular among international investors. Get Your Spanish Visa will help you throughout the entire process.
