Golden Visa Spain – Complete Guide for Investors

The Golden Visa for Spain, officially referred to by the Spain Investor visa, is an immigration permit that is granted to non-EU citizens who have made an investment of significant value in Spain that includes buying real property, invest in a business or create opportunities for employment.

Who can apply for the Spain Golden Visa?

You can apply for an Spain Golden Visa if you satisfy the following criteria:

You are able to prove that you taken advantage of an investment choice.
You’re over your 18th birthday.
Health insurance is valid in Spain.
You’ve got enough money to provide for yourself and family members.
You have a criminal record for any 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 are eligible you can find attorneys and Golden Visa experts ready to help and guide you through the entire procedure of getting the Golden visa to Spain.

What is the best time and place to apply to get to apply for Golden Visa to Spain?

The procedure after you have made the necessary amount of funds in Spain. You must be committed to the purchase, however, it isn’t required to be made. The deadline for you to apply for is three months prior to your planned trip to Spain.

You are able to apply for an Spanish Golden visa from your home country 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 on a visa for a long stay.

Documents to be submitted when applying for the Spain Golden Visa

The documents you must be able to include:

The Spanish long-stay Visa application form.
Two Spain passport photos.
Your valid passport. It has to be valid for the last 10 years.
Evidence of the where you live.
Evidence of investment. Any documents that show the type and value of your investment, as well as the source of your investment.
Visas to Residency to acquire of Real Estate:
The certificate contains information on the dominion and taxation from the Land Registry, which corresponds to the property bought.
Residence Visas are required for Capital Investors:
A copy of a declaration of investment filed with the Register of Foreign Investments of the Ministry of Economy and Competitiveness when investing in company shares or shares that are not listed.
Certificate of a financial intermediary that is certified by National Commission of the Stock Market or the Bank of Spain in case of investments in listed shares.
A certification issued by an institution of finance or Bank of Spain, if the investment was made with government bonds.
For the investment of a bank deposit this will require a certification from the bank or financial institution.
Police Clearance. Send this document in original form, along with a photocopy and translated. It cannot be more than 90 days from the time of application.
You must prove that you have the resources to provide for yourself and your family members while you are living in Spain.
Medical Insurance purchased from an authorized Spanish company.
A medical certificatethat affirms that you don’t have any condition that is risky for public health.

How to apply for the Spain Golden Visa?

In order to apply for an Golden Visa for Spain you need to follow these steps:

Select an investment that is eligible choices. You might have to visit Spain using the regular Spain Visa at this point to finish your investment.
Apply for the Golden Visa. The application must be submitted at the closest Spanish Embassy within 3 months of investing. You may apply on your own or through a representative of a legal entity.
The application must be submitted along with the document.
Find your Residence Permit. After you have received the Spain Golden Visa and you need to go to Spain then exchange it to obtain an Residence Permit and then submit your biometric details.

What are the benefits of the Spanish Golden Visa?

The advantages that result from this Spanish Golden Visa are:

Your family members as well as you are granted Residence Permits which allow you to reside in Spain.
Your family members and you are able to travel to all Schengen Zone destinations visa-free up to 90 days within an 180-day time frame.
It is not necessary to reside in Spain for the renewal of your Golden Visa.
If you are a resident of Spain You will be qualified for permanent residency after five years.
You are eligible to make an application in the process of applying for Spanish citizenship after 10 years of living in Spain.
Your family members and you can benefit from the Spanish health and education system.

Take note that if you plan to travel to another country while staying in Spain it is recommended to check out the various travel insurance options.

Can I take 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 also any adult children that are dependent.
Senior parents who depend on them.

How Do I Get to Stay in Spain with the Golden Visa?

This Golden Visa Spain is initially valid for a year. After that, you are able to apply to convert the visa to an investor’s residence permit and obtain a two-year current residence license.

What is the duration of the Residence Permit Permitted?

The Residence Permit you get as a result of investing can be used for a period of two years. It can be renewed for a period of two years indefinitely provided you’ve kept the investment (in other terms, so long as you own the property you bought).

If you choose to reside in Spain and you are able to do so after 5 years in Spain with two-year Residence Permit You can apply for a permanent Residence Permit.

For How Long is The Spanish Golden Visa Residence Permit It is granted?

The Residence Permit that you get through The Golden Visa is valid for two years. You are able to renew it at least every two years so long as you’ve kept the amount you invested (in other words, so long as you are still the owner of the property you purchased).

If you choose to reside in Spain After 5 years within Spain and acquiring a 2 year Residence Permit then you may 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 is no requirement for a stay for renewing an Golden Visa Residence Permit. It is only necessary to go to Spain for the time you have to renew.

If you plan in applying for permanent residency the requirement is that you live within Spain in Spain for at minimum five years with no interruption (at at least six months during the calendar year). If you plan to seek Spanish citizenship, you must reside in Spain for at least 10 years.

Can I Get Rid of My Residence Permit?

Yes, if you can’t prove that you’ve maintained the investment you made in Spain in the past, you could forfeit the Golden Visa Residence Permit. In other words when you decide to sell your home or sell your stake.

Spain Residency through the Real Estate (Buying A Home)

The most commonly used investment method to gain Spanish residency is by purchasing property that is worth at minimum EUR500,000. It could be one 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 first residence permit is due to expire, you may apply for a renewal. You will be granted another five years in Spain and continue to apply for renewal of your residency permit provided you meet the original requirements.

The process of obtaining Spain Citizenship through the Investment

The Spanish Golden Visa leads to the right to citizenship in Spain greater than other types of visas. That is why this program is called Spain Citizenship by Investment. It is possible to receive Spanish passports after ten years in Spain by obtaining the Golden Visa, given that you meet the following requirements:

You’ve lived within Spain in Spain for at minimum 183 consecutive days per year, over a period of 10 years.
You can speak Spanish at the very least at elementary levels.
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 can obtain 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 are eligible to become an Spanish citizen in two years, if you’ve visited Spain at minimum eight times during the period of.

Can I use a mortgage to get an Spanish Golden Visa?

There is no way to be eligible for the Golden Visa if you use a mortgage to finance an investment property in Spain or at the very least, not for the minimum requirements. You need to make a loan of at least EUR500,000 with your own money however, for any amount that is greater than the amount, you might be eligible to apply for a loan or mortgage.

Can I travel to Europe with an Spanish Golden Visa?

Yes it is true that a Spain Golden Visa allows you and your family members to travel in the Schengen Zone visa-free for up to 90 days in an 180-day period. However, countries outside of Schengen Europe have their own requirements for visas So traveling for free isn’t necessarily guaranteed.

Do I require Health Insurance Coverage for Spain?

It is an obligation for the Golden Visa application process to acquire health insurance. Your family members and you need to have valid health insurance even if you do not plan to reside in Spain in any way.

What kind of health insurance Do I need in Spain?

Residents of Spain have the right to the public healthcare insurance. However, in order 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 hold the Golden Visa, and you are not planning to reside in Spain then you’ll need to purchase private health insurance with an organization that is permitted to conduct business in Spain. If you intend to reside in Spain paying taxes you and your family members are able to benefit from the health system.

Spain The Golden Visa and Taxes

If you’re not a full-time resident of Spain in the first instance, you don’t have to pay tax on income. It is considered that you are a resident only if you reside there longer than 50 percent of of the year (more than the 183-day limit).

But, regardless of your residence status, if have bought a home in Spain it is still required to pay for the taxes like rent and municipal taxes.

If you’re not a full-time citizen, you must pay 24.75 percent of rental income as well as any other income you earn in Spain.