Spain Golden Visa
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Spain Country Overview
Spain is a parliamentary monarchy located in Southern Europe with a population of approximately 47 million people. The country is comprised of 17 autonomous regions, each of which has its own government. The Spanish political system is divided between a central government and regional governments.
Spain has a mostly temperate climate with warm summers and mild winters. The average temperature in the country is around 15°C (59°F). The country is known for its sunny climate and its many beaches. The living standard in Spain is high. The country has a GDP per capita of $37,837, which is higher than the European Union average. Spain has a strong and diversified economy, with a focus on tourism, banking and finance, services, and technology. The country is a major producer of agricultural products and a major exporter of manufactured goods.
The Spanish Golden Visa program is a popular way for high-net-worth individuals to gain residency in the country. The program provides investors with a residence permit in exchange for the purchase of real estate or a financial product investment.
Spain Golden Visa Program
Spain Golden Visa is a special type of visa that allows non-European Union citizens to obtain residency in Spain by investing in the country. The program was introduced in 2013 and has since become a popular option for wealthy individuals and investors seeking to relocate to Spain. The visa requires an investment of at least €500,000 in Spanish real estate, government bonds, or a business venture. The benefits of the Spain Golden Visa include the right to live and work in Spain, the ability to travel freely within the Schengen area, and access to the country’s healthcare and education systems. The program has successfully attracted foreign investment and boosted the Spanish economy.
Spain’s Golden Visa is a residency permit designed to attract foreign investment, allowing qualifying investors to live and work in the country. Investment options include purchasing real estate in Spanish government bonds or other financial products. The visa is valid for a period of five years and is renewable as long as the initial investment is maintained. The path to citizenship begins with a residence permit and can lead to permanent residency after five years. After ten years of living in Spain, investors are eligible to apply for Spanish nationality and citizenship. It is important to note that the Golden Visa can lead to citizenship after residing for ten years in Spain. However, some nationalities, such as those of Portugal and Latin America, can apply for citizenship after just two years.
The Golden Visa has been incredibly successful, with over 7,500 visas granted since its establishment. It offers a secure and attractive path to residency and citizenship in Spain, making it an attractive option for foreign investors.
Obtaining a Spanish Golden visa can be a complex and time-consuming process, but with our help, we can guide you through the steps and ensure you meet all the requirements. Our team has the knowledge and expertise to assist you in gathering the necessary documents, filling out the application correctly, and submitting it to the appropriate authorities. We understand this visa’s importance to you, and we are committed to helping you achieve your goal of living and working in Spain.
The Spanish Golden Visa has four different investment options:
- A €500,000 investment in real estate
- A €1,000,000 in capital shares
- A €1,000,000 deposit in a Spanish bank or credited financial institution
- A €2,000,000 investment in government bonds
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Qualification Criteria
To be approved, investors must:
- Be above 18 years of age
- Be able to demonstrate a clean criminal background
- Make a qualified investment.
Eligible Family Members
Golden Visa applicants can add the following family members to their applications:
- Spouse
- Dependent children below 18 years of age
- Dependent parents and grandparents
Investment Options
The Spanish Golden Visa has a four investment option with the real estate option being the most affordable and the most popular among all visa applicants.
1) Real Estate Investments
Spain allows investors to qualify by purchasing one or more properties on the condition that they meet the minimum investment amount of €500,000. Applicants can buy residential, commercial, or land properties through an open market policy with no limitations.
The open market policy has made the real estate option a great investment route for Golden Visa applicants, and since it is more affordable than the rest, it is the most popular option by far.
2) Financial Products
Investors who want to invest in financial products (liquid assets) can do so by investing in one of these three options:
- A €1,000,000 in capital shares
- A €1,000,000 deposit in a Spanish bank or credited financial institution
- A €2,000,000 investment in government bonds
The financial product option has the same open market policy as the real estate option, giving more flexibility to investors. Golden Visa holders must maintain their investments, like in real estate, to maintain their status.
The Process
The Golden Visa’s process is simple and takes a few steps, and the processing times range between 3-4 months on average. The steps are:
The Benefits
The Spanish Golden Visa comes with a plethora of benefits, including:
- Straightforward application process: The entire process is simple and takes a few months, making it one of the simplest ways to get a residency in the EU.
- No residence requirement: Spanish Golden Visa holders do not need to reside in Spain to maintain their residence status
- Possibility to live and work in Spain without the need for a work permit: Golden Visa holders are free to reside, work, and study in Spain as local residents, making the Golden Visa a great option for those looking to elevate their family's living standard.
- Possibility to travel freely within the Schengen area: As EU residents, Golden Visa holders can access the Schengen Area without the need for a visa.
- Fast-track Spanish citizenship for certain nationalities: Golden Visa holders from certain nationalities, such as Latin Americans, Portuguese nationals, and Filipinos, can qualify for naturalization after just two years, making it one of the easiest ways to get an EU citizenship.
- No need to renounce citizenship in home country: For those wanting to obtain citizenship it is important to note that Spain allows dual nationality.
- Potential tax benefits for non-habitual residents: Golden Visa holders can qualify for Spain's Beckham’s Law Tax Regime, which reduces income tax.