WHAT IS THE GOLDEN VISA?
The Spanish Golden Visa (or «Property Visa«) grants automatic residency in Spain when you purchase property for 500,000€ or more. This can be any type of property: home, commercial, land, or a combination of properties. The golden visa does not require you to be in Spain 183 days of the year.
Exist other requirements to apply for the GOLDEN VISA, for example, if you have made a significant investment in Spain, you can take advantage of the Spanish migration scheme for investors. Check whether your investment fulfills the minimum investments requirements:
- Public debt (€2 million).
- Shares (€1 million).
- Investment funds, investment funds of closeend type or venture capital funds set up in Spain (€1 million).
- Bank deposits (€1 million).
- Real estate (€500,000).
- Business projects: there is no minimum
investment requirement, they must be of general
interest: Creation of jobs, Social and economic impact on the
geographical area where they are made,Significant contribution to scientific and/or technological innovation.
WHO KIND OF VISA OR RESIDENCE PERMIT THE INVERSOR WILL BE GRANTES?
An investor visa, if you are outside of Spain when the application is submitted or a residence permit, if you are currently in Spain. Visa applications must be made at the Spanish Consulate in the country of origin or residence.
Residence permit applications must be made at the Large Business and Strategic Groups Unit (Unidad de Grandes Empresas y Colectivos Estratégicos (UGE-CE)).
WHAT DOCUMENTS DO I NEED TO SUBMIT WITH THE APPLICATION?
We can help you with your residence permit in Spain. We need your: Passport, Health insurance documents issued by a
company operating in Spain, Background checks, Proof of suficient resources, Documents providing proof of the investment. Then depending on the kind of investment: Public debt: certificate from the financial institution or the Bank of Spain, Unlisted shares and equity: statement of investment filed with the Investments, Register of the Directorate-General for International Trade and Investments (DGCOMINVER) Listed shares: document from a financial broker registered with the National Securities Market Commission (CNMV) or the Bank of Spain, Investment funds: certificate from the fund manager, Bank deposits: certificate from the financial institution,Property: certificate of property registration and real estate purchase deeds.
If the purchase is not formalized: engagement contract formalized in public deed.
HOW LONG DOES THE PERMIT LAST?
• Real estate assets not formalized: visa/residence permit: 6 months.
• Visa: 1 year.
• Residence permit: 2 years
• Renewal of the residence permit: 5 years. Renewal does not require effective residence in Spain.
CAN FAMILY MEMBERS JOIN OR ACCOMPANY THE INVERSOR?
Yes. Family members who accompany or join the investor may apply jointly and simultaneously or successively for their residence permit and, where appropriate, for their visa Family members are:
• The spouse or unmarried couple.
• Children who are minors or those of legal age being financially dependent on the holder. Parents in their charge.
With the visa and residence permit, you may live and work anywhere in Spain, including relatives if they meet the expected age labor regulations.
Visa decisions are made and notified within 10 working days. Residence permit decisions are made within 20
If you are planning to move to Spain and want to enjoy one of the easiest legal paths, then the golden visa is for you, PLEASE CONTACT LN ABOGADOS-LAWYERS.