The Golden Visa for Spain, also known by the Spain Investor visa, is an immigration permit that is granted to non-EU citizens that make substantial investments in Spain that includes buying real property, purchase shares in a business or create job opportunities.
Who can apply for the Spain Golden Visa?
You are eligible to apply for the Spain Golden Visa if you satisfy the following criteria:
You can prove that you have taken advantage of one of the investment choices.
You’re over 18, but not yet 18.
You can get health insurance valid in Spain.
You’ve got enough money to support yourself and your family members.
You have a criminal record at any one of the locations you’ve lived.
There is no place for you on Spain’s list of unwelcome people.
You do not have any Schengen Visas.
If you’re eligible you can find attorneys and Golden Visa experts willing to help you and guide throughout the procedure of getting the Golden Visa for Spain.
How and when to apply to get to apply for Golden Visa to Spain?
The process of applying after having made the necessary amount of funds in Spain. You must be committed to making the investment however, it isn’t required to be made. The earliest time you can apply to apply for is three months prior to the date you plan to travel to Spain.
You are able to apply for the Spanish Golden visa from your country of residence through the Spanish consulate or embassy. It is also possible to file an application for a visa to Spain in the event that you are with a long-stay visa.
Documents to submit when applying for a Golden Visa Spain
The documents you have to provide to support your application include:
The Spanish long-stay Visa application form.
Two Spain passport photos.
Your valid passport. It should have been issued within the last 10 years.
Evidence of the where you live.
Documentation of investment. Documents that prove the nature and value of your investment, as and the place of origin of your investment.
Visas to Residency for the Acquisition of Real Estate:
The certificate contains information on the dominion and taxation from the Land Registry, which corresponds to the property that was purchased.
Resident Visas to Capital Investors:
A copy of the statement of investment filed with the Register of Foreign Investments of the Ministry of Economy and Competitiveness when investing in shares of companies or unlisted shares.
Certificate of a financial intermediary that is recognized by the National Commission of the Stock Market or the Bank of Spain in case of investments in listed shares.
A certification issued by that financial institution, or Bank of Spain, if the investment is in bonds issued by the government.
If it is the investment of a bank deposit an official certificate issued by the bank or financial institution.
Police Clearance. Send this document in original form, with photocopies and translation. It cannot be more than 90 days from the time of application.
Evidence that you have enough economic resources to provide for yourself and your family members while you are living in Spain.
Medical Insurance purchased from an authorized Spanish supplier.
A medical certification, which affirms that you don’t have any condition that is risky to public health.
How to apply for the Spain Golden Visa?
For an Golden Visa for Spain you need to follow these steps:
Choose an investment that is eligible choices. You might have to visit Spain using the regular Spain Visa in order to complete your investment.
Apply for the Golden Visa. The application must be submitted at the closest Spanish Embassy within three months after investing. You may apply on your own or through a representative of a legal entity.
The application must be submitted together with the document file.
You must obtain your Residence Permit. After you have received you Spain Golden Visa You need to visit Spain to exchange the visa to obtain an Residence Permit and provide your biometric details.
What are the advantages of This Spanish Golden Visa?
The benefits that come with The Spanish Golden Visa are:
Your family members as well as you are granted Residence Permits which allow you to reside in Spain.
Family members of yours can travel to any of the Schengen Zone nations visa free up to 90 days within the span of 180 days.
It is not necessary to be a resident of Spain in order to renew your Golden Visa.
If you live in Spain then you are qualified for permanent residency after five years.
It is possible to make an application in the process of applying for Spanish citizenship after ten years of residency.
Your family members and you are able to benefit from Spain’s education and health system.
Be aware that if you wish to travel internationally while living in Spain it is recommended to check out the various travel insurance options.
Can I bring family members with me?
You may include your family members on your application, too:
Your spouse
Your minor children who are not married (under 18) and any adult children that are dependent.
Senior parents who depend on them.
How long can I stay in Spain with the Golden Visa?
This Spain Golden visa is initially valid for a year. After that, you are able to apply to convert the visa to an investor’s residence permit and receive a two-year in-valid residence permits.
For How Long is the Residence Permit granted?
The Residence Permit you get as a result of investing can be used for a period of two years. It is then possible to renew it for a period of two years indefinitely so long as you’ve maintained your investment (in other terms, so long as you own the property you purchased).
If you decide to move to Spain and you are able to do so after 5 years in Spain with the two-year Residence Permit You can apply for a permanent Residence Permit.
What is the duration of The Spanish Golden Visa Residence Permit Given?
The Residence Permit you receive through The Golden Visa is valid for two years. You are able to renew it at least every two years, as long as you’ve maintained the amount you invested (in terms of, as long as you own the property you purchased).
If you choose to reside in Spain After 5 years there for five years, Spain using a 2-year Residence Permit You can apply for a permanent Residence Permit.
What is the Maximum Time I Can Expect to Remain in Spain In order to renew the Residence Permit?
There aren’t any requirements for staying for renewing an Golden Visa Residence Permit. It is only necessary to go to Spain for the time you have to renew your application.
If you plan in applying for permanent residency the requirement is that you live within Spain in Spain for at minimum five consecutive years without interruption (at at least six months during the calendar year). If you are ever planning applying for Spanish citizenship, you must reside in Spain for at least 10 years.
Can I lose my Residence Permit?
If you are unable to demonstrate that you have kept an investment made Spain and you fail to prove it, then you’ll be denied you Golden Visa Residence Permit. For instance when you decide to sell your home or sell your stake.
Spain Residency through Residency Through Real Estate (Buying A Residence)
The most commonly used investment option to obtain Spanish residency is to buy property that is worth at minimum EUR500,000. This could be a single unit , or multiple units that amount to half one million.
You need to prove that the ownership of the property or property through a document that is issued by the Spanish Land Registry, which indicates the purchase price.
Obtained Permanent Residence in Spain
If your residence permit is due to expire, you may apply for a renewal. You are eligible to get an additional 5 years in Spain as well as continue to apply for renewal of the residence permit provided you meet the requirements of your initial application.
In a bid to get Spain Citizenship through the Investment
An Spanish Golden Visa leads to the right to citizenship in Spain greater than other types of visas. That is the reason why it is called Spain Citizenship by Investment. It is possible to receive Spanish passports after 10 years of living in Spain by obtaining the Golden Visa, given that you meet the following requirements:
You’ve been there in Spain minimum 183 days each year, over a period of 10 years.
You can speak Spanish at a minimum of the an elementary level.
You are familiar with the basics of Spanish culture and history.
There are no criminal convictions or outstanding debts in Spain.
Do nationals of former Spanish Colonies Get Citizenship Quicker?
Yes, if you’re from an earlier Spanish colony (one of the following countries) you could be granted Spanish citizenship as fast as two years of residency instead of ten years:
Argentina
Bolivia
Chile
Colombia
Costa Rica
Cuba
Dominican Republic
Ecuador
El Salvador
Guatemala
Honduras
Mexico
Panama
Paraguay
Peru
Philippines
Venezuela
If you’re from one of these countries and receive the Golden Visa, then you could become an Spanish citizen in two years, provided you’ve visited Spain at least eight times in the period of.
Can I get a mortgage to get the Spanish Golden Visa?
There is no way to be eligible for the Golden Visa if you use a mortgage to finance the purchase of a home in Spain or at the very least, not in the minimum amount. You need to make a loan of at least EUR500,000 with your own money but for anything over the amount, you might be eligible to apply for a loan or mortgage.
Can I travel in Europe with the help of a Spanish Golden Visa?
Yes you can. A Spain Golden Visa allows you and your family members to travel in the Schengen Zone visa-free for up to 90 days in the 180-day timeframe. But, other countries in Europe have their own requirements for visas So traveling for free isn’t necessarily guaranteed.
Do I need Health Insurance Coverage for Spain?
Yes, it’s an obligation in the Golden Visa application process to get health insurance. All family members should have health insurance valid even if you don’t want to move to Spain for any time.
What type of health insurance Should I Get In Spain?
Residents of Spain can avail the public healthcare insurance. To avail of the Spanish public health system expats need to work and be tax-paying in Spain because the system is funded by taxpayer funds.
If you are a holder of an Golden Visa, and you are not planning to reside in Spain then you’ll need to get private health insurance with an organization that is permitted to conduct business in Spain. If you intend to reside in Spain with taxes to pay, you and your family members are able to take advantage of the country’s health system.
Spain Gold Visa and Taxes
If you’re not a permanent resident in Spain in the first instance, you are not required to pay tax on income. It is considered that you are a resident only if you reside there at least half of the year (more than the 183-day limit).
However, regardless of residency status, if you have purchased a house in Spain however, you will still need to pay taxes applicable including tax on rental and municipal income.
If you’re not a full-time residentof Spain, you are required to pay 24.75 percent of rental income, or any other income you earn in Spain.