The Spanish Golden Visa was approved in 2013 with the intention of attracting commercial property investors by offering a Spanish residence permit. So, how do you obtain a Spanish Golden Visa and what are the benefits? Read on to find out all you need to know.
Requirements for a Spanish Golden Visa
Investor visas are available to people outside of Spain that can make a significant capital investment. It is intended for those who can invest in ventures that:
- Benefit the Spanish public
- Generates jobs
- Attracts tourists
- Have a socioeconomic influence
- Have the ability to advance technology or science
- Can buy a Spanish property for a minimum of five hundred thousand euros
If the investor remains in Spain for a minimum of ten years, then their investor Visa can lead to citizenship. However, Spanish Golden Visa holders must reside in Spain for a minimum of six months each of those ten years before being considered for a Spanish passport.
Documents Needed to Apply
To apply for a Spanish Golden Visa, you must provide the following:
- A thorough business project report
- A copy of your valid passport
- Completed Visa application
- Proof of finances
- Criminal record check certificate
- Healthcare cover
- A recent passport-sized picture
- Visa fee
- Pre-paid, self-addressed envelope
It is important to note that some documents may need to be apostilled, legalised or translated into Spanish. Enlisting the help of a professional, such as Spanish Legal Matters, is the best way to ensure you get everything in order swiftly
Benefits of a Spanish Golden Visa
There are several strong benefits of the Spanish Golden Visa. Let’s look at the main ones:
Speedy Residence Permit – The preferential/prioritised treatment of this Visa allows you to gain a residence permit swiftly. The initial grant is valid for one year, and the resident permit renewal is every two years.
Unrestricted Travel – The resident permit allows unrestricted travel within European nations.
Visa Flexibility for Family – The Spanish Golden Visa allows increased flexibility for the spouse and young children of the investor, as well as access to public schooling. After a year, any child born in Spain can apply for a Spanish passport.
Permanent Spanish Residence – A Spanish Golden Visa holder has the opportunity to apply for permanent Spanish residency.
Further Investments – A Spanish Golden Visa holder has the potential to buy via a non-resident company.
For professional assistance with Spanish probate, contact Spanish Probate Matters on 0208 1502010.
