The Golden Visa in Spain is a residency program designed to attract foreign investors and encourage investment in the country. In exchange for making a significant investment in Spain, investors and their families can obtain a residence permit that allows them to live, work and study in Spain.
At HomeSearch Barcelona we explain everything you need to know about the Golden Visa, including the required investments and associated benefits.
Required InvestmentsTo obtain the Golden Visa in Spain, investors must make an investment in one of the following categories:
● Investment in Real Estate: the minimum investment required in real estate is 500,000 euros. This can be on one or several properties.
● Investment in Shares or Investment Funds: investors can acquire Spanish shares or investment funds for a minimum value of 1 million euros.
● Investment in Business Projects: investors can invest in business projects in Spain, such as the creation of companies, expansion of existing businesses or research and development projects. The minimum investment varies depending on the type of project, but generally significant investments are required.
● Bank Deposits: investors can choose to deposit at least 1 million euros in a Spanish financial institution for a minimum period of five years.
● Spanish Public Debt: Investors can also purchase Spanish public debt worth at least 2 million euros.
Benefits of the Golden Visa in SpainThe Golden Visa in Spain offers several benefits to investors and their families.
● Residence in Spain: investors and their family obtain a residence permit that allows them to live in Spain legally.
● Freedom of movement: Golden Visa holders can travel throughout the Schengen area without needing an additional visa.
● Access to public services: Golden Visa holders have access to public services, such as education and healthcare in Spain.
● Possibility of obtaining permanent residence: after five years, investors can apply for permanent residence in Spain.
● Path to citizenship: after ten years of residence, Golden Visa holders can apply for Spanish citizenship, subject to certain requirements.
● Tax benefits: Investors are not required to spend a minimum amount of time in Spain and are not subject to worldwide income taxes.
● Family flexibility: The Golden Visa extends to the investor's immediate family, including spouse and children under 18 years of age.
It is important to note that the requirements and conditions of the Golden Visa in Spain may vary, so it is advisable to consult with an immigration lawyer or a competent authority for updated information before applying. Additionally, investors must meet certain requirements, such as having no criminal record and maintaining the investment for the required period.
