Get a Golden Visa in Spain
Invest and live in Spain with the Spanish Golden Visa. We provide assistance during your stay: visa, taxes and real estate.
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What is the Spanish Golden Visa?
The Golden Visa is the residence permit for Spain with the most benefits and the simplest procedure. With this visa, you and your family can work in Spain straight away.
To do so, you must invest:
- At least €500,000 in purchasing real estate, net of taxes or charges
- Deposit €1 million in a Spanish bank account
- Purchase €1 million in stocks of Spanish companies
- Deposit €2 million in Spanish public debt
How to Obtain a Golden Visa?
There are two ways to apply for a Golden Visa. You can do it from Spain, or from your country of legal residence with the local Consulate. They will grant a one-year residence visa and you can extend this after arriving in Spain.
You can also apply during a 90-day stay as a tourist. In this case, you can apply directly for the residence permit and receive a two-year investor visa.
Applicants, who will need to be non–EU residents, are required to have:
- A clean criminal record
- Sufficient funds and healthcare to cover their stay
- No previous Schengen visa refusals
Golden Visa by Investing in Real Estate
This is the most common case to get the Golden Visa, purchasing a property in Spain. For this approach, you must invest at least €500,000 in one or more properties. The investment cannot include taxes, fees or a mortgage.
The general procedures is as follows:
- Tax and Budget Planning: Taxes and fees are mostly paid by the buyer and vary from region to region. They typically include the following:
- Property transfer tax of 6% to 10% for an existing property or a 10% VAT, or IVA, for new properties
- Notary costs, title deed tax and land registration fee of 1% to 2.5%
- Legal fees of around 1% to 2%, inclusive of VAT
- Obtain a NIE: Get your foreign ID card from the Spanish administration.
- Search for properties in Spain: Our Real Estate lawyers can help you identify the right property for you and ensure that you use reliable and trusted online portals.
- Reservation agreement and Letter of Intent: Our lawyers will draft a “Letter of Intent” for purchasing a property and guide you through the reservation agreement and any subsequent negotiations before signing a deal.
- Payment of fees: Settle any applicable Property Transfer Taxes or VAT, and update the Land Registry.
Our team of Real Estate lawyers can assist you with the process of purchasing a property, in person or remotely.
What Else do I Need to Know?
The applicant will also need to show that they can financially support their lifestyle.
The main applicant will need to show that they have €27,792.96 annually. This amount increases by €6,948.24 per year for each family member who moves with the main applicant. Typically, this can be proved by showing bank statements or a bank certificate.
Benefits of The Golden Visa
Although this program has very rigorous requirements, the advantages of having a Spanish residence are quite extraordinary. Having a Golden Visa for Spain means:
- It grants you entry into the EU (Schengen area).
- You can apply for the same permit for your spouse or partner, minor children or of legal age, whom -financially depend on you, including also dependants in the ascending line.
- To keep your permit valid, you simply need to travel to Spain once a year; even then, staying for a long period is not required.
- For investors, the initial residency permit is valid for two years. After that time has passed, non-EU investors who want to live in Spain for a longer amount of time can request to have their residence visa renewed for subsequent 5-year periods as long as the requirements are met.
- After being given the 2-year permission, you are granted the right to work as an employee or an entrepreneur.
- Permanent residency is available after five years, while citizenship is achievable after 10.
What Documentation Do I Need To Have?
The Spanish Golden Visa program has one leading criteria, which is to make an investment in Spain. There are several ways to qualify for Spanish residency via investment. However, the visa applicant must show the following documentation for each of the asset classes.
Real Estate:
The visa application must have a certificate of domains and Land Registry charges. It must also have the deed of sale for any assets that you buy.
Investing in Spanish shares:
The residency permit application via Spain’s stock market requires a declaration from the Investment Registry of the Ministry of Economy. There must also be a certificate from a registered financial intermediary.
Spanish Government Bonds:
For this type of asset, there should be a certificate from Banco de Espana or the financial institution which manages the investment and who are its holders and/or owners. Banco de Espana is the central bank of Spain.
Bank Deposit Investment:
The applicant must provide a certificate issued by the financial institution that states they are responsible for that deposit.
The applicant must provide the immigration officials the following paperwork for the Golden Visa application:
- A completed visa application form
- Two passport photos
- A valid passport with at least two blank pages
- Proof of sufficient financial means to support the applicant and their family
- A criminal record background check
- Proof of health insurance
- Proof of visa payment
What Else Do I Need To Know?
- Get the right paperwork: two to five weeks
- Submit the application and wait for approval: 20 days
- Collect the residence card from the police station: six to eight weeks
The applicant will also need to show that they can financially support their lifestyle.
The main applicant will need to show that they have €27,792.96 annually. This amount increases by €6,948.24 per year for each family member who moves with the main applicant.
Typically, this can be proved by showing bank statements or a bank certificate.
How can a lawyer help me with the Golden Visa?
A lawyer can be a valuable asset in assisting you with the Golden Visa process in Spain by:
Assessing eligibility: A lawyer will review your investment, typically €500,000 in real estate, or other options like business or government bonds, ensuring it meets the Golden Visa requirements.
Document preparation: They assist in gathering necessary documents, such as proof of investment, financial records, health insurance, and a clean criminal record.
Application submission: A lawyer ensures your Golden Visa application is accurately completed and submitted to the relevant Spanish authorities, minimizing the risk of delays or rejection.
Managing the investment: They guide you through the legal process of making your investment, ensuring compliance with Spanish regulations and completing any necessary legal formalities.
Appealing rejections: If your visa application is denied, a lawyer can help appeal the decision and resolve any issues that led to the rejection.
Ongoing legal support: They can assist with renewing your Golden Visa, maintaining your investment, and advising on the path to permanent residency or Spanish citizenship.
If you’d like, we can discuss your specific situation in more detail to help you through the Golden Visa process in Spain.
Our team of experienced lawyers is ready to assist you and guide you through the entire application process. Let us help you make your dream of living and working in Spain a reality.
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Quality Life for You and Your Family
Why Spain?
Obtaining a golden visa in Spain offers numerous advantages. Firstly, it opens an opportunity to live in one of Europe’s most captivating countries, with its vibrant cities, stunning coastline, and rich cultural heritage. Secondly, the visa enables access to Spain’s thriving digital and tech ecosystem, fostering networking opportunities and professional growth. Lastly, you will immerse in the warmth of Spanish hospitality, savor its delectable cuisine, and explore its diverse regions while maintaining a flexible work-life balance.
Cultural immersion
Experience the rich Spanish culture.
Location
Explore Europe without visa restrictions.
Stable economy
Spain has a stable and growing economy
Delicious cuisine
Taste world-renowned Spanish food and wine.
Affordable living
Cost of living is lower compared to other European countries.
Healthcare access
Access to high-quality healthcare facilities and services.
Skilled workforce
Spain has a highly skilled and multilingual workforce.
Travel Opportunities
Explore diverse regions within Spain.
Frequently Asked Questions
How long does it take to get a Golden visa?
Once you have the supporting documents and the visa application has been submitted at the Consulate. The administration has up to 10 working days to resolve it. Conversely, if the application is submitted from Spain the administration has up to 20 working days to resolve it.
Can I work with Golden Visa?
Yes, the Golden Visa comes with a work permit for you and your family. You can work full time or part-time.
Do I have to buy a house in order to apply for the Golden Visa?
It can be any real estate asset. Some choose to have a home or commercial property, while others use the asset as an income-generating rental property.
Can I take out a loan to buy the property if I invest in real estate?
The €500,000 investment must not include property taxes, fees or debt. However, you can have a mortgage if you have a €500,000 down payment or deposit.
Can my spouse and children apply with me?
Your partner or children can apply with you. You must show that you can financially support them. You will need to provide extra paperwork such as marriage or birth certificates.
Unmarried partners who can prove a long-term relationship can also apply as dependants.
Can my children of legal age come as accompanying relatives?
Yes, however, you will have to prove economic dependence and single status. Your children must also be enrolled at a university or academy.
Do I have to stay in Spain for a certain period of time if I am an investor?
You don’t need to reside in Spain to obtain this permit. You just need to visit Spain once during the period of residence. This applies to all the investment programs, including the Golden Visa via bank deposit approach. If you remain in Spain for ten years, you can apply for citizenship and obtain a Spanish passport.
Is it possible to make the investment through a company?
The law allows for investments made through a legal entity located in a territory that is not considered a tax haven.
Can I make the investment jointly with another person?
Yes, the law allows the investment to be made through the acquisition of co-owned property. However, the minimum investment to be made by each person must be €500,000.
What taxes are there for a Golden Visa?
When you buy Spanish real estate, you pay tax. The type of tax and its cost depends on real estate asset and the time spent living in Spain each year.
If you spend more than 183 days living in Spain, then your worldwide assets and income will be taxed. If not residing for a long period of time, only taxes relating to property purchase or local assets are paid.
You will be taxed on your worldwide income if you become a Spanish Tax Resident.
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