The Spanish Golden Visa
A SPANISH VISA FOR INVESTORS
Lawyers’ fees, at approximately 1% of the property price (plus VAT), must be added to these figures. We break down these costs below. The Golden Visa, described by some as a free pass for the rich, by others as an Immigrant Investor Programme, but known to most of us as simply as a Permanent Residency Visa issued to individuals (and their families, in most cases) who invest, usually but not exclusively through the purchase of property, an established minimum sum of money into Spain. It is relevant, of course, only to non EU nationals who do not already benefit from open borders across Europe. Application for a Golden Visa can be made through a qualified lawyer at a total cost of approximately 1,500 euros (plus 21 percent VAT.)
ACCESS TO THE WHOLE OF EUROPE
ACCESS TO THE WHOLE OF EUROPE
WHAT ARE THE
DOWNSIDES?
SPANISH GOLDEN VISA REQUIREMENTS
- To be 18 years old, or older.
- To have entered Spanish territory legally.
- To have not been refused entry to any Schengen area country.
- To have no criminal record, both in Spain and in any other country, over the last 5 years.
- To have public or private health insurance authorized to operate in Spain.
- To have funds necessary to cover personal and family living expenses.
- To have proof of the minimum 500,000 euros investment made through a Registry of Property certificate or, if title has not been registered, through a copy of the acquisition public deed of filing in the Deed of Registry.
FREQUENTLY ASKED QUESTIONS
ABOUT THE SPANISH GOLDEN VISA
How can I get the Spanish Golden Visa?
1) Purchase a property worth more than 500,000 euros. It’s no good sharing the purchase with someone else, unless your individual investment equals 500,000 euros
2) Buy shares in a Spanish company to the value of 1 million euros – or deposit this amount in a Spanish bank
3) Possession of Spanish public debt worth 2 or more million euros.
4) Invest in a business project that will be developed on Spanish territory. The project must create employment, give a boost to the scientific/technological advances of the country, or offer a minimum socio-economic impact.
How long does it take to get the Spanish Golden Visa?
Spain, compared to other EU countries, offers a streamlined fast track process on applications. Most Golden Visa decisions are made and notified within 10 working days. Residence permit decisions are made within 20 working days. Denial is unusual, only for criminal records and money laundering cases.