The Ultimate Guide to Spain Golden Visa

Like many other European nations did, Spain also introduced its Golden Visa program which aims to aid the country’s financial wellbeing. In contrast to the Gold Visa Card, Golden Visa is the right to live in a particular country, and it grants visa-free entry into the country.

What is Spain Golden Visa?

Spain is a member of the EU since 1985, and has been part of the Schengen region since 1995. The country’s excellent standards of living and a growing economic growth make it an attractive choice to relocate. Families and companies alike look at Spain as a viable option for investment opportunities in the future.

For non-EU citizens who wish to pursue their careers or other ambitions to Europe, Spain Golden Visa Program is an excellent alternative. It permits you to live as a student, work, or study in Spain. It could result in permanent residency and eventually, citizenship.

Following five years of temporary residency After five years of temporary residence, you can apply for permanent residence in Spain. After the period of 10 years in permanent residence you are eligible to apply for citizenship by the process of naturalization subject to certain conditions being satisfied.

Eligibility Conditions to be eligible to be eligible for Spain Golden Visa

There are many choices for investing in the Spain Golden Visa Program. You can choose to invest EUR500,000 in real estate, EUR2 million in Spanish Government Bonds, or EUR1 million in shares of Spanish companies.

Alongside the financial requirements You must also attain a minimum of 18 years old age, and have an unblemished criminal record as well as an insurance policy that is either public or private health insurance policy.

The specific criteria are:

You’re at least 18 years old
You’re not a resident illegal of Spain
You don’t have a conviction on your criminal background in the past five years
You’re not listed among the undesirable individuals
Private health insurance is available to cover your stay
You can prove that you have enough money to support yourself without having to work in Spain
You haven’t been denied residency in other countries or from Spain
There is no evidence that you suffer from any of these diseases in accordance with a 2005 regulation

Real Estate Investment Option

This program will require you to invest in a significant amount of Spanish real property. The amount that is specified in this program amounts to EUR500,000. You may choose to purchase either commercial or residential properties or a mixture of both. The property may be available for rent. Multiple buyers may group their investment into one property. In addition, any amount that is greater than the minimum investment can be mortgaged.

The Business Development sector in Spain

This method of obtaining Spain residency via investment specifically aims to help to boost the Spanish economy. If you opt for this route 1) you need to create employment 2.) the investment must have a positive impact on the socioeconomics of the nation 3) help in the development of scientific or technological advances. The minimum investment for that option would be EUR1 million.

Capital Transfer

You can also put a significant amount of money into Spanish Treasury Bonds to benefit from the Golden Visa program Spain. Due to these bonds’ security in the financial market, this option is very popular with applicants. Treasure Bonds are backed by the federal government. They’re a secure investment that can provide high yields. The minimum investment required for this choice can be EUR1 million. If you are not interested, you can invest a minimum amount of EUR1 million of shares of Spanish banks or in bank deposits at an Spanish bank.

Businesses in Spain

The projects that are approved in order to qualify for Golden Visa Spain must meet the following requirements:

It is possible to argue that it could be an important factor in job creation.
If the investment is expected to have an economic or social impact in the region where the money is being invested.
When it makes significant contributions to science or technological advancement.

There are at present over 3,000 start-ups within Spain where you can invest. In order to promote these initiatives the government has enacted tax incentives that encourage investments in these firms. This is a process that requires particular care because of the legal complexities involved in procedures. This is why it is strongly recommended to go through the procedure with the help by an agency.

Golden Visa Spain Application Process

Spanish Golden Visa process is quite simple. Here’s a brief rundown of the most important steps.

Step 1: Firstly select your preferred investment option. There are a variety of investment choices listed below under the heading “Investment Options for Spanish Golden Visa”. Our staff comprised of Golden Visa experts can help you evaluate the options for investing.

Step 2: Once you’ve made your decision You then make and submit your request in order to get the Schengen Visa.

Step 3. At this point you travel to Spain to provide authorities with the necessary biometric information. This step typically takes about two months to be completed.

Fourth step: The last step in the process of applying is to await the outcome of the review by the authority. The approval process or denial usually takes about 20 days.

Step 5: Apply for the Spain Golden Visa and start enjoying the advantages.

The Documents Required to apply for Golden Visa in Spain

To be able to submit a request for a residence visa it is required to submit certain documents, in addition to an application form.

1. A valid passport valid at the very least for a year
2. A document that confirms that there is enough money to cover expenses during the period
3. Document to prove that you’re covered under medical insurance
4. A document from the appropriate authorities that confirms the educational status by your kids (if appropriate)

Each of these documents has to translate into Spanish and then legalized.

The process of opening a bank account as well as the NIE Number

NIE also known as Numero of Identificacion Extranjero can be translated to”the Foreigner’s Identification number. NIE, or Numero de Identificacion de Extranjero is translated as the Spanish NIE number serves as an identification number for tax purposes. It is used to perform many tasks related to the Spanish tax system, and real estate. It is employed to pay taxes, make official purchases, as well as performing other official or legal processes. It is required for every fiscal transaction that involves tax administration. Spanish fiscal office. An NIE number is required for anyone who has professional, financial, or social responsibilities in Spain. It is recommended to obtain an NIE number whenever you can, even if there isn’t any permanent residence requirement.

Non-EU citizens usually get their NIE application together with their Spanish residence. Spanish NIE Number is needed for many instances, such as:

Opening an account at a bank
Legally employed
Taxes and taxes to be paid in Spain
Selling or buying a the property
Selling or buying motor vehicles
Self-employment is a way to earn money.
The process of registering a business
Inheritance
Learning in Spain
How to get an Spanish driver’s license
Arrange the utilities

Submission of the Application for a Golden Visa to Spain

In general, authorities have 20 days from the submission date for processing the application. If they do not refuse the application within that time frame, the application is automatically approved.

In certain situations, getting the Golden Visa in Spain might take as long as 10 months.

Spain Citizenship through Investment

Spain Golden Visa is a residency by investment program that provides investors with a residency permit in Spain in exchange for a small investment. It’s not an easy path to citizenship. If, however, you receive the Golden Visa and decide to stay in Spain then you could be eligible for citizenship within 10 years.

However, there are some requirements that must be fulfilled to obtain citizenship within the nation, like abstaining from your citizenship. This is why talking to lawyers and professionals will be beneficial prior to making the commitment.

Spain Golden Visa Renewal Process

Initial Golden Visa that is granted is valid for one year. It is possible to extend the validity up five years. After five years, you are able to apply for an permanent visa.

To be able for extending the Residence Visa:

You must hold a valid Investors Residence Visa or one that was expired less than 90 days prior to the expiration date,

You should have been in Spain at least one month in the preceding year,

Your investment must remain in place

It is still necessary to meet the requirements for a visa that allowed you to get a residence visa to begin with in the first in the first.

Gold Visa is a great way to enjoy Spain Benefits

Traveling Benefits

Spain as one of the members of EU and of the Schengen zone, allows visa-free travel for many countries. As a result, the “Schengen” countries include: Spain, Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, The Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Sweden, and Switzerland.

Education

Spain Golden Visa Program includes the possibility of living with your family. Many investors select their programs to improve how their kids are educated. Since it is an EU member, Spain offers a wide range of schools catering to international students of society.

Retirement

There are numerous pension schemes to pick from on the Spanish financial market, and Spain is known as a fantastic destination to retire.

Most Frequently Asked Questions Regarding Golden Visa for Spain

What is an Golden Visa in Spain?

It’s a brand-new kind of residence visa created by the Law 14/2013, dated 27th September. It’s designed for foreigners from other countries who wish to be admitted to the Spanish territory to undertake substantial capital investments.

What are the various kinds that are available for Golden Visa in Spain?

The law differentiates two major categories. Capital and other investments (in public debt as well as Social shares in Spanish companies and bank deposits in Spanish financial institutions, as well as purchasing real property assets) and various other types of investment (creation of the company with general interests, the hiring of highly professional qualifications and transactions within a single company).

Is this Golden Visa authorize me to freely move around the Schengen zone?

Yes. Spain visas for investment permit you to travel freely throughout the “Schengen” zone (Spain, France, Germany, Austria, Belgium, Denmark, Estonia, Finland, Greece, Hungary, Iceland, Italy, Latvia, Lithuania, Czech Republic, Liechtenstein, Luxemburg, Malta, Netherlands, Norway, Poland, Portugal, Slovenia, Slovakia, Sweden as well as Switzerland).

Can I continue to have the tax residence of my clients outside of Spain?

Yes. You are able to maintain your tax residency outside of Spain for as long as you are in Spain for not exceeding 183 days per year. Furthermore, the residence permit is able to be renewed even if you are absent for that exceed six months each year.

Do I need this Golden Visa authorize me to work?

Yes. It is true. Golden Visa authorizes you to reside as well work Spain.

How do I get to remain in Spain using this Golden Visa?

The residence visa permits the holder to remain in Spain for a year. After this time has expired and you are no longer able to stay, a residence permit may be obtained for a period of two years. This can be renewed for a second time if you can prove that you have maintained the investment.

Are the EUR500,000 per applicants or per applicant?

As a candidate, however, you may also include friends and relatives who are able to collectively and concurrently apply for the authorization and, in the event of a visa, request it. But, they must satisfy the basic conditions and establish the bond between them by presenting respective certificates.

Can I purchase several properties with the same amount of Spain for investment?

Yes. The definition of real estate assets as defined by law is not limited to one property, and it does not mean only one kind of property. In any event the investment must be made prior to the issuance of the visa.

After the expiration of the maximum time period of five years, am I able to apply for long-term residency?

It is possible to request it, however, it is not automatically granted at the end of the permit to invest. In this instance the continuation of the residence in Spain is required to be established in order to acquire the permanent residence.

What conditions do I need to fulfill to get the long-term residence?

To be eligible for long-term residency, it’s necessary to have lived legally and successfully legally and effectively in Spain during five consecutive years. This residency is valid is a sign that the time spent in the Spanish Territory must be less than six consecutive months, and not exceed 10 months in the five years.

Does the duration of legal residence in Spain is considered at the time of applying for nationality?

Yes. The period of time you have lived in Spain legally can be used for the long-term residency request as well as the nationality.

Can I directly access an authorization to reside for two years, without needing to obtain an investor’s approval?

It is not necessary to possess the investors’ authorization, which lasts for a year. The residence permit can be requested anytime without needing to wait for the completion of the year.

Are you sure? Spain the country where you can invest and become a citizen?

Spain Golden Visa program isn’t an easy way to become a citizen. But, if you’ve been living in Spain for a period of 10 years and you meet the eligibility criteria that you meet, you may be eligible to become a citizen.