Everything you need to know about the Golden Visa Spain

Do you know the Golden Visa Spain? This permit for foreigners gives you the possibility to obtain your permit to reside in any part of Spain in a very simple way.

If you are thinking of buying a property in Spain, you should know that, thanks to this permit for investors and investors, you can reside and work throughout Spanish territory and benefit from all its advantages.

What is the Golden Visa Spain?

The Golden Visa Spain or ‘visa for capital investment in Spain’ is a permit for foreigners that allows you to obtain a visa (if you are outside Spain) or a residence permit (if you are already in Spain). There are two different types of permits:

  1. Visa

When the applicant is outside Spain, he/she can obtain a visa to reside and work, if he/she wishes, within the whole national territory. The permit is valid for a period of 1 year, after which a residence permit can be applied for.

2. Residence authorisation

When the applicant is legally in Spain, the residence permit allows him/her, if he/she wishes, to work and reside throughout the national territory.

    Both permits can be obtained by all foreign persons making a significant capital investment in financial assets, in the acquisition of real estate or in a business project.

    Who can apply for the Golden Visa?

    All foreigners who make a capital investment in the purchase of a property, in financial assets or in a business project can apply for a visa or residence permit.

    The Golden Visa Spain can be obtained by anyone who purchases one or two properties for a value of €500,000 or more, free of any charges.

    In addition, it is possible to obtain a residence permit through the following channels:

    • Acquisition of €2 million of public debt.
    • Acquisition of €1 million in shares or equity, or bank deposits in financial institutions.
    • A business project.

    Golden Visa requirements

    In order to obtain both the visa and the residence permit, it is necessary to comply with a series of general and specific requirements related to the visa or residence permit.

    In the case of the residence permit, you should know that the holder is not required to reside in Spain; you can only apply for the permit if you can present the necessary documents and travel at least once a year to Spain.

    General requirements:

    • Be over 18 years of age.
    • Not be in Spanish territory illegally.
    • Not have a criminal record in Spain or in the countries where you have resided for the last 5 years.
    • Not be banned from entering Spain.
    • Have sufficient economic resources during your period of residence in Spain.
    • Have a health insurance policy with an insurance company authorised to operate in Spain.
    • Pay the fee for the processing of the authorisation.

    You can consult all the specific requirements and necessary documents on the Residence for Investors and Entrepreneurs (PRIE) portal.

    Benefits of the Golden Visa

    Thanks to the Golden Visa Spain you can benefit from a series of advantages. First of all, the Golden Visa allows you to include your entire family and they can also apply for a visa in Spain with a single investment.

    In order to include the family, all you have to do is submit a joint application and include the spouse or common-law partner, children or dependent ascendants in the first degree of the holder or their spouse or partner.

    In addition, the Golden Visa allows you to live and work in Spain for 2 years. Once this period has elapsed, there is the option of renewing the permit for up to 5 more years. In order to renew the permit, you will only have to prove that you still have the property, after which you can apply for permanent residence.

    • You do not need to be a tax resident.
    • You can include your family unit.
    • You can live and work, if you wish, in Spain for 2 years.