What is the Spanish Golden Visa?
What is the Spanish Golden Visa ?
Spain has become a popular destination for foreign investors and individuals seeking a better quality of life. The Spanish Golden Visa is a special type of residency permit that provides non-EU citizens with the right to live and work in Spain. In this article, we will explain the Spanish Golden Visa, its requirements, and benefits.
What is the Spanish Golden Visa?
The Spanish Golden Visa was introduced in 2013 to attract foreign investment and stimulate the Spanish economy. It is a residency permit that allows non-EU citizens to reside in Spain for a period of one year, which can be renewed for an additional two years, and then another two years. After five years of continuous residency in Spain, applicants may apply for permanent residency.
The visa is granted to those who invest in Spanish property, business, or public debt. The minimum investment for the visa is €500,000 in real estate, €1 million in Spanish companies, or €2 million in Spanish public debt.
Requirements for the Spanish Golden Visa
To be eligible for the Spanish Golden Visa, applicants must meet the following requirements:
1. Non-EU citizen
2. At least 18 years old
3. No criminal record
4. Investment in Spain: €500,000 in real estate, €1 million in Spanish companies, or €2 million in Spanish public debt
5. Sufficient funds to support themselves and any dependents
6. Health insurance coverage
7. Passport or travel document
8. Proof of investment
Benefits of the Spanish Golden Visa
The Spanish Golden Visa offers a number of benefits for non-EU citizens who wish to live and work in Spain. Some of these benefits include:
1. Right to reside and work in Spain
2. Visa-free travel within the Schengen Area
3. Eligibility for permanent residency after five years of continuous residency
4. Access to public healthcare and education
5. Opportunity to explore Spain’s rich culture and history
Spanish Golden Visa Table
To help summarize the key requirements for the Spanish Golden Visa, we have created the following table:
|Age||At least 18 years old|
|Criminal record||No criminal record|
|Investment in Spain||€500,000 in real estate, €1 million in Spanish companies, or €2 million in Spanish public debt|
|Financial resources||Sufficient funds to support themselves and any dependents|
|Health insurance||Health insurance coverage|
|Travel document||Passport or travel document|
|Proof of investment||Evidence of the required investment|
The Spanish Golden Visa provides an opportunity for non-EU citizens to live and work in Spain. By investing in Spanish property, business, or public debt, applicants can obtain a residency permit and enjoy a range of benefits, including access to public healthcare and education, visa-free travel within the Schengen Area, and the opportunity to explore Spain’s rich culture and history.
If you are considering applying for the Spanish Golden Visa, Chorus offers a free initial consultation to confirm if you qualify. From there we can walk you through the process for a low fixed-fee. Contact us today for more information.
Qualified & Regulated Advice
Contact Chorus Financial today for a free, no obligation call with a qualified Financial Adviser in Spain. Provide brief information on what you need help or advice with, and let us know what part of Spain, or elsewhere, you are based in so we can assign the best Spanish based financial adviser for you.