The Golden Visa in Spain represents an exceptional opportunity for non-EU investors seeking to reside and work in Spain. This visa, introduced by Law 14/2013, is a gateway for those making significant investments in the country. In this article, we will explore in detail the characteristics, requirements and advantages of the Spanish Golden Visa.
What is the Golden Visa?
The Golden Visa, also known as an investor visa, is a residence permit for investors who are not citizens of the European Union, the European Economic Region or Switzerland. This visa allows investors and their families to live and work in Spain, under the condition of making a substantial capital investment.
1 – Real Estate Investment: Acquisition of real estate in Spain with a minimum investment of 500,000 euros, free of liens or encumbrances.
2 – Investment in shares or equity investments: One million euros in shares or equity investments in Spanish companies.
3 – Investment Funds and Venture Capital: Investment of one million euros in closed-end investment funds or venture capital funds incorporated in Spain
4 – Bank Deposits: One million euros in bank deposits in Spanish financial institutions .
5 – Public Debt: Two million euros in Spanish public debt securities.
Duration and Renewal:
The Golden Visa is initially valid for 1 year. After this first year, the investor can apply for a residence authorisation, which has an initial duration of 2 years. This authorisation can be renewed for successive periods of 5 years, as long as the investment is maintained. Although it is not necessary to obtain a Foreigner’s Identity Card (TIE) at the beginning, it can be applied for once the investment authorisation has been obtained.
Benefits of the Golden Visa:
1 – Residence Flexibility: Unlike other residence permits, the Golden Visa allows for prolonged absences from Spain without affecting its validity.
2 – Immediate Family Reunification: The Golden Visa facilitates family reunification, including spouses, financially dependent children, and dependent ascendants of the investor.
3 – Work Permit: Allows the investor and his family members to work in Spain.
4 – Access to Spanish Nationality: After residing in Spain for 10 years in a legal and continuous manner, Golden Visa holders can opt for Spanish nationality. For certain groups such as Latin Americans, this period is reduced to 2 years.
Applying for the Golden Visa involves submitting documentation such as a national visa application form, a recent photograph, valid passport, investment documents, proof of sufficient financial means, and criminal record certificates. It is important that foreign documents are legalised or apostilled and, if applicable, accompanied by an official Spanish translation.
The Golden Visa in Spain is an excellent option for non-EU investors seeking flexible and beneficial residency in Spain. With its focus on significant investments and its numerous advantages, this visa has become an attractive option for many.