Almost seven years after the entry into force of the Golden Visa as a residence option for investors, we explain to you some of the main advantages of this visa that has become the most attractive opportunity for non-EU citizens to come and reside in our country.
What is a Golden Visa?
A Golden Visa is a type of residence visa, established by Law 14/2013 on the 27th of September 2013, aimed at non-EU residents who wish to enter Spanish territory in order to carry out significant capital investment.
The Benefits of a Golden Visa and Investing in Spain
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Immediate visa for one year renewable for two years with subsequent renovations for five years.
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Travel freely within the 26 countries in the Schengen area.
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All properties are freehold.
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Allow to request permission for the family without making a further investment: spouse, registered partners, dependent ascendants, and children economically dependent on the investor.
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Children under 18 can receive 12 years of free education at the local public schools.
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A newborn baby in Spain could apply for a Spanish passport after one year.
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A minimum residence period in Spain of 183 days is not required for the renewal of the permit (the permit holder can maintain his fiscal address out of Spain).
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Enjoy a residence in a European country, with a great appeal, stability, security, and quality of life.
Significant Capital Investments Qualified for Golden Visa
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An investment equal to or higher than 2 million euros in Spanish public debt titles.
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Acquisition of shares of Spanish companies, or bank deposits in Spanish financial entities, for an amount equal to or higher than 1 million euros.
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Investment for a value of 1 million euros in an investment fund, investment funds of closed nature, or venture capital funds incorporated in Spain.
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Acquisition of a real estate asset in the amount of 500,000 euros or more. The investor could buy one or more properties as long as the total value is 500,000 euros or more.
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Developing a business project in Spain which is considered as being of general interest to the society, fulfilling one of the following requirements:
create work positions;
carry a positive socio-economic impact;
contribute to scientific and/or technology innovation.
Specific Requirements: Real Estate Investment
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Not having entered or stayed illegally in Spain.
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To be a spouse, registered partner, dependent ascendant, or a child economically dependent on the investor.
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No criminal records in Spain and in the countries where the applicant has lived during the last 5 years.
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Not appear as refused in any country which has a valid agreement with Spain in this sense.
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Have health insurance with an authorized entity to operate in Spain.
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Have sufficient economic resources for the person and for the members of his family during his residence period in Spain.
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Visit Spain at least once during the valid period of the visa or permit.
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Pay the tax for the authorization process.
In summary, the Golden Visa is a very interesting option for investors because of the uncountable advantages it offers.
Would you like to know more about the Golden Visa in Spain? And about the process concerning renewals and possibilities to obtain Spanish nationality?
