Officially called the Spain Investor visa, a Golden Visa for Spain is a residency permit given to non-EU nationals who make a sizable investment in Spain, such as purchasing real estate, funding a business, or creating employment possibilities.
Who May Apply for a Golden Visa to Spain?
If you meet all of the requirements listed below, you may be eligible to apply for a Spain Golden Visa:
- You are over the age of 18.
- You can demonstrate that you choose one of the investing options.
- You do not appear on Spain’s list of undesirables.
- You have no rejected Schengen Visas.
- In Spain, you can get legal health insurance.
If you meet the requirements, attorneys and Golden Visa specialists are eager to help and advise you through every step of the application procedure for a Golden visa to Spain.
International real estate investment professionals can provide guidance and support through organizations like La Vida, which focuses on Golden Visa programs. Through a free consultation, their experts can determine whether you qualify for the Spanish Golden Visa and help you plan a trip to Spain to explore your options in person. To settle your investment, you’ll require legal assistance unless you are an expert in Spanish legal and financial concerns.
Documents to Submit When Applying for a Spain Golden Visa
You must submit the following paperwork to support your application:
- The application for a long-term visa to Spain.
- Your valid passport
- Proof of residence in the country.
- Proof of Investment
- Police Clearance: Attach this document’s original, translation, and photocopies. At the time of application, it cannot be more than 90 days old.
- Medical Insurance: Bought from a reputable Spanish supplier.
- A medical certificate: which demonstrates that you do indeed have a condition that could endanger public health.
How to Apply for a Spain Golden Visa?
You must follow these procedures to apply for a Golden Visa to Spain:
1. Choose an investment that qualifies. To complete your investment, you might be required to enter Spain with a standard Spain visa during this period.
2. Apply for a Golden Visa: Within three months of investing, submit your application to the nearest Spanish Embassy. You have two options for applying: directly or through a lawyer.
3. Send the application and the document file together.
4. Purchase a residence permit: You must fly to Spain after receiving your Spain Golden Visa to exchange it for a residence permit and provide your biometric data.
What Advantages Does the Spanish Golden Visa Offer?
- You will be granted residence permits, allowing you and your family to reside in Spain.
- You can apply for Spanish Citizenship after ten years of residence.
- You and your family can use Spanish’s health and education system.
- You do not need to reside in Spain to extend your Golden Visa.
- You and your family are granted 180 days of visa-free travel to all nations in the Schengen Zone.
Can My Family Travel With Me?
The following relatives may also be listed on your application:
- Your minor children (under 18) who are unmarried, as well as any dependent adult children.
- Your spouse
- Dependent elderly parents.
How long can I use my Golden Visa to stay in Spain?
The original validity period of the Spain Golden visa is one year. After that, you can request to have your visa turned into an investor residence permit, which will be suitable for two years.
How long does a resident permit last?
Your investment-based residence permit is good for two years. Then, as long as you’ve maintained your investment (i.e., as long as you still own the property you’ve bought), you can renew it perpetually every two years.
Your two-year investment-based residency permit is valid. Then you can renew it perpetually every two years as long as you’ve protected your investment (i.e., as long as you still own the property you’ve purchased).
What Is the Duration of the Spanish Golden Visa Residence Permit?
The Golden Visa provides you with a two-year residence permit. Then, as long as you’ve maintained your investment (i.e., as long as you still own the property you’ve bought), you can renew it perpetually every two years.
If you genuinely decide to settle in Spain, you can apply for a Permanent Residence Permit after five years of being there with a two-year Residence Permit.
How long must I remain in Spain before my residence permit can be renewed?
A Golden Visa Residence Permit may be renewed at any time with no minimum length of stay necessary. Only when you need to apply for renewal will you fly to Spain.
However, to apply for permanent residency, you must have lived in Spain continuously for at least five years (or at least six months per year). You must reside in Spain for at least ten years if you ever want to seek Spanish citizenship.
The residence permit may be lost.
You will forfeit your Golden Visa Residence Permit if you cannot demonstrate that you have maintained your investment in Spain. For instance, if you liquidate your investment or sell your property.
Real Estate-Based Residency in Spain (Housing Purchase)
Investing in real estate worth at least €500,000 is the most popular way to obtain Spanish residency. This can be just one unit or numerous units adding up to 500,000.
You must show by a certificate issued by the Spanish Land Registry, which includes the purchase price, that you have legally obtained possession of the property or properties.
Obtaining Spanish Permanent Residency
You can apply to have your first residence permit renewed when it is about to expire. If you satisfy the basic requirements, you can extend your five-year residence permit and apply indefinitely.
Spain Golden Visa and Taxes
You do not have to pay income tax if you do not reside in Spain full-time. Only if you stay there for more than 183 days out of the year are you regarded as a resident.
However, if you have bought a property in Spain, regardless of your residency status, you must still pay the applicable taxes, such as municipal and rental income taxes.
Rent and other income earned in Spain are subject to a 24.75% tax if you are not a full-time resident.
