Golden Visa Spain. EU Residency by investment

What is the Spanish Golden Visa?

The Spanish Golden Visa is a programme that grants residency to foreign non-EU citizens who purchase real estate in Spain at a minimum of €500,000. This residence permit is granted by the Spanish government through the ‘Law of Entrepreneurs’ to promote national investments.

The Golden Visa in Spain is an interesting solution for investors from non-EU countries (such as Russia, Canada and the United States) who buy properties in Spain – in particular in Malaga, Marbella and the Costa del Sol – where the real estate market is still booming. 

In addition to being an excellent business opportunity, the acquisition of real estate in the area of ​​southern Europe, offers the investor a quick and easy solution to acquire residency permits for them and their families, in an area that stands out for the good weather, the absence of environmental pollution, the best international schools and ultimately an excellent quality of life.

Benefits of the Spanish Golden Visa

  • The possibility of obtaining legal residence and work permit in the Spanish territory, extending that right to the immediate family members. The applicant and their family are not obligated to prove that they have been in Spain for at least six months, not even in the case of renewals
  • Owning a home in a real estate market with significant commercial and business possibilities – for example, the leasing of tourist apartments
  • The opportunity to travel and move freely around Spain and other countries of the European Union without a visa (free movement in the area called “Schengen”)
  • Access to the best international schools in the world, quality health care and excellent communication routes
  • Maintain their legal tax regime outside of Spain.

Who may get a Golden Visa in Spain?

Golden Visa Spain requirements

You can apply for the Spanish Golden Visa if you make any of the following investments:

  • The investment of a minimum of € 500,000 in Spanish real estate (which can be of 1 or more properties of any type).
  • The investment of € 1 million in bank deposits of Spanish Financial Entities or shares of Spanish companies.
  • The purchase of public debt for a value equal to or higher than € 2,000,000.
  • Starting a general-interest business project in Spain.

Requirements to obtain a Golden Visa in Spain

You can request authorization for a Spanish Golden Visa if you meet the following requirements:

  • Be of legal age (over 18 years old)
  • To not find yourself in an irregular situation within the Spanish territory
  • Not have a criminal record under Spanish law
  • Have the respective certificate(s) of ownership of the acquired property(s)
  • Payment of the corresponding fees for processing the visa
  • Possess public insurance or private health insurance arranged with an entity authorized to operate in Spain
  • Possess sufficient financial resources to cover personal and family expenses during the period of residence in Spain

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Procedure and deadlines to obtain the Golden Visa in Spain

The process to get the Golden Visa in Spain is quite easy, since it is managed before a Public Body exclusively dedicated to it, for which the process is usually resolved in a short period of time. Initially, a stay or residence visa is granted for ONE YEAR.

If the investor is outside of Spain

In the case the investor is outside of Spain they should apply at the Spanish Consulate located in their country of residence, aka the investor visa. Once that visa has been granted, they may reside in Spain during the one year, and move freely through the European Union (Schengen area). During that period, they may request a residence authorization, for them and their family members.

Golden Visa Spain Maria Soledad

Maria Soledad Sala – Immigration Specialist Lawyer

If the investor is already in Spain regularly

If the investor is already in Spain, they can directly apply for the residence authorization, without the need to previously process the investor visa.

The investment can be made both by a natural person, as by a legal person (SL or SA for example), as long as they are domiciled in a territory that does not have the status of tax haven by Spanish regulations, and meets another set of requirements.

Applications may be submitted by the investor him/herself or by an accredited representative. Because the processing is necessary through the electronic Government Headquarters, with a digital certificate recognized by the Spanish authorities, the assistance of a professional who is accredited and familiar with this type of procedures is highly recommended. You can count on the immigration specialist lawyer Maria Soledad Sala, through Tejada Solicitors.

How can I certify the investment?

  • The investment of a minimum of € 500,000 in Spanish real estate (which can be of 1 or more properties of any type).
  • The investment of € 1 million in bank deposits of Spanish Financial Entities or shares of Spanish companies.
  • The purchase of public debt for a value equal to or higher than € 2,000,000.
  • Starting a general-interest business project in Spain.
Golden Visa Spain investment

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    Golden Visa Spain: Frequently Asked Questions

    The initial visa is granted for ONE YEAR if the acquisition of one or more properties for a minimum amount of € 500,000 has been demonstrated. A residence permit may be requested within that period, which will be granted initially for TWO years.

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