Spain Golden Visa
Spain offers residency visa to foreign nationals who invest 500,000 euros in spanish market. The spanish (“Act 25/2015”) enables Non-EU/EEA nationals to receive a residence permit based on investment in the country such as real estate, business etc.
Visa Benefits
- Visa free travel in 28 European countries. US, Canada and Japan can be access after get citizenship.
- High demand profitable real estate investment
- EU residency for family and children. Also, your grand-children, as they will themselves be the children of Spanish citizens, will directly become Spanish by birth.
- No minimum residency requirements
- No language test. No business experience required.
Main Requirement
- Applicant must have a clean criminal record.
- Applicant have medical insurance as well as proof of income to be able to stay in Spain for an indefinite period of time.
- Applicant does not have any other Schengen-area refused visas.
- Applicant make a real estate investment, the property can be residential or commercial and can be rented afterward.
- The investment amount has to be 500,000 €, however, this does not have to be the value of a single property in Spain, the properties can be combines to amount to this investment value.
- It requires that the investment takes place before the individual submits his visa application.
- The property with a minimum value of 500,000 euros must have been purchased at least 90 days prior to making the submission for the golden visa.
- Other common requirements.
You will receive temporary residence permit valid for 2 years and then renewable after then. No requirement to live in Spain except you have to visit only once a year.
Permanent residence after 5 years of living. The processing time is about 3 months.
Spanish citizenship possible after 10 years living in Spain. You also have to pass the Spanish language test (only for citizenship).