Golden Visa in Spain

GOLDEN VISA IN SPAIN

The current Golden Visa program will be coming to an end in just a few month's time. Applications for the visa are being accepted only until April 3, 2025, meaning that the necessary property purchases would need to be completed in time for making said application. If you’ve been considering this pathway to residency, now is the time to act. To meet the deadline, it’s crucial to start your property purchase immediately to ensure your application is submitted in time. For years, the Golden Visa program has provided non-EU investors and their families with the simplest and most efficient route to Spanish residency. This decision marks the end of an era, making this your final opportunity to benefit from its advantages. Don't miss out on this last chance - contact us today to explore exclusive property options and secure your application before the window closes.

The Spanish Golden Visa is a residency-by-investment program designed to attract non-European Union (non-EU) investors to Spain. It allows individuals and their families to obtain Spanish residency in exchange for making a qualifying financial investment in the country.

Key Features of the Spanish Golden Visa:

Eligibility Through Investment

Investors must make a significant financial investment in Spain, such as:
Purchasing real estate worth at least €500,000.
Investing €1 million in Spanish companies, bank deposits, or venture capital funds.
Acquiring €2 million in Spanish government bonds.
Residency for Families

The visa covers the investor’s immediate family, including their spouse and dependent children.
Schengen Zone Access

Visa holders can travel freely within the Schengen Zone, comprising 26 European countries.
Flexibility of Stay

There is no minimum stay requirement to maintain the visa, making it ideal for investors who do not plan to live in Spain full-time.
Renewable Residency

The Golden Visa is valid for 2 years initially and can be renewed in 5-year increments, provided the investment is retained.
Path to Permanent Residency and Citizenship

While the Golden Visa itself does not automatically lead to citizenship, holders can apply for permanent residency after 5 years and citizenship after 10 years, provided they meet residency and other legal requirements.
Benefits of the Spanish Golden Visa
Simplified application process compared to other residency programs.
Residency rights without the need to live permanently in Spain.
Ability to work and live in Spain if desired.
Access to Spain’s high-quality healthcare and education systems.
Golden Visa Requirements:

The Spanish Golden Visa program offers residency to non-EU investors who make qualifying investments in Spain, with property purchases being the most popular option. Here’s how it works for property investments:

Minimum Investment Requirement

You must invest at least €500,000 in real estate in Spain.
This amount must be free of mortgages or other financial obligations. Additional costs, such as taxes and fees, may require more funds.
Eligible Properties
Residential, commercial, or land properties all qualify.
The €500,000 threshold can be met with a single property or a portfolio of properties.
Application Process

Purchase the Property: You must finalize the property purchase and obtain the title deed.
Proof of Investment: Submit documentation proving the investment, such as the title deed and a certificate from the property registry.
Apply for the Visa: Submit your application at the Spanish Consulate in your home country or in Spain.
Residency Benefits

The Golden Visa grants residency to the investor and their family (spouse and dependent children).
It allows visa-free travel within the Schengen Zone (26 European countries).
You are not required to reside in Spain permanently; you only need to visit once a year to maintain the visa.
Renewal and Path to Citizenship

The visa is initially valid for 2 years and can be renewed for 5-year periods as long as the investment is maintained.
After 10 years, you may apply for Spanish citizenship, provided you meet residency and other requirements.
Tax Implications

Owning property in Spain may make you subject to local taxes, including property tax, income tax (on rental income), and capital gains tax (if you sell the property).
If you spend more than 183 days in Spain per year, you may become a tax resident.