Spain Golden Visa
- Program Overview. The Spanish golden visa program offers a real estate investment route to gaining residency in Spain.
- Investment. An investment of €500,000 is required in real estate in Spain. ...
- Process. ...
- Requirements. ...
- Fees. ...
- Family. ...
- Taxes. ...
- Living and Working. ...
- Travel. ...
- Spanish Citizenship and Passport. ...
How to obtain a golden visa in Spain?
- You must be a resident of a country outside the European Union. ...
- Be over 18 years of age.
- Have no criminal record.
- Have a private medical insurance in Spain.
- Demonstrate that you have sufficient financial means to live in Spain and support your family.
How long does it take for a visa to Spain?
How Long Does It Take to Get a Spanish Visa? The processing time for a Spain short-stay visa may take up to 15 working days. Still, according to your specific situation, this period may be extended up to 30 days. Exceptional cases may take up to 60 days, since the Spanish embassies may have to consult with other Schengen consulates.
What is the processing time for a Spanish visa?
Spanish Visa Processing Time in the UK You can only apply for a Spain visa within six months before your planned trip. The processing time of your application may take from one to four weeks from the day you submit your application; therefore, you are advised to apply earlier.
What is the golden visa program in Portugal?
What are the Benefits of the Portugal Golden Visa?
- Visa Exemption The Portugal Golden Visa allows you to enter Portugal and the Schengen area (26 EU Countries). ...
- Ability to Stay in Portugal The visa grants you the right to live, study and work in Portugal as if you were an EU citizen.
- Family Perks The Portugal Golden Visa does not only grant the investor privileges but also their family members. ...
What does a Spanish golden visa give you?
Benefits of the Golden Visa A key benefit of the Golden Visa is the possibility of obtaining legal residence and work permit in the Spanish territory, extending that right to the immediate family members: The Law allows for the reunification of the family.
How much does a golden visa in Spain cost?
We recommend providing around €8,000 for a single application or €10,500 for a family application. In addition a government processing fee applies of 70 Euros per applicant. Buying real estate in Spain attracts certain taxes, stamp duty and fees.
How long does it take to get Spanish golden visa?
between 2 to 3 monthsThe processing time for a Spain Residency Golden Visa is between 2 to 3 months.
Does Spain have a golden visa scheme?
Spain launched its golden visa programme in 2013. An investment of €500,000 in real estate will gain family residency. The Spanish investor visa can be renewed every two years. After five years it is possible to gain permanent residency and after ten years citizenship.
How long can you stay in Spain if you own a property?
At present you can only spend up to 90 days in Spain, then you must leave the country. You will then not be able to return to the Schengen Area until 180 days have passed since your date of entry into Spain (or elsewhere in the Schengen Area).
Can I get Spanish residency if I own a property?
As long as you are not Russia, you can get a Spanish residency permit (this is the correct bureaucratic terminology for Spain's golden visa) if you purchase property in Spain. This will allow you to live in Europe, as long as it is in the Schengen Area.
How much money do you need in the bank to get residency in Spain?
REQUIREMENTS TO APPLY FOR RESIDENCY FROM THE EUROPEAN UNION As an EU resident, you must prove that you have €6,000 in your bank account and that you have a private medical policy. Alternatively, you can get a job offer in Spain and it will work as well.
Do I need a Spanish bank account to buy a property in Spain?
Spanish laws require buyers to open a bank account in one of the Spanish banks, and transfer the funds there to pay to the vendor directly from the Spanish bank account.
How long can I live in Spain without becoming a resident?
How long can I stay in Spain without becoming a resident? You can stay in Spain for a maximum of 183 days per year (6 months) in order to not become a resident. If you spend an extra day (184 days and onwards), you will be regarded as a resident, hence paying resident taxes in the country.
How long can I stay in Spain on a golden visa?
Yes, a Spain Golden Visa allows you and your family members to travel through Schengen Zone visa-free for up to 90 days within a 180-day period. However, non-Schengen countries in Europe have their own visa requirements, so free travel is not always guaranteed.
How much does the golden visa cost?
between AED 2,800 and AED 3,8007. What is the fee for a Golden Visa? For applicants currently in the UAE, the Golden Visa will cost between AED 2,800 and AED 3,800. For applicants outside of the UAE, the Golden Visa will cost between AED 3,800 and AED 4,800.
How much does the golden visa cost?
between AED 2,800 and AED 3,8007. What is the fee for a Golden Visa? For applicants currently in the UAE, the Golden Visa will cost between AED 2,800 and AED 3,800. For applicants outside of the UAE, the Golden Visa will cost between AED 3,800 and AED 4,800.
How much money do you need in the bank to get residency in Spain?
REQUIREMENTS TO APPLY FOR RESIDENCY FROM THE EUROPEAN UNION As an EU resident, you must prove that you have €6,000 in your bank account and that you have a private medical policy. Alternatively, you can get a job offer in Spain and it will work as well.
How long can I stay in Spain on a golden visa?
Yes, a Spain Golden Visa allows you and your family members to travel through Schengen Zone visa-free for up to 90 days within a 180-day period. However, non-Schengen countries in Europe have their own visa requirements, so free travel is not always guaranteed.
What is the difference between Golden and Entrepreneur visas and residence authorisations?
The Visas (both investor/Golden and Entrepreneur visas are applied for at the Spanish consulate of the applicant’s country of residence and are gra...
Can I acquire several properties in order to get the Golden Visa?
The main point is that the total investment is worth €500.000 or more, so you can buy several properties/assets (parking, commercial premises) whos...
How long does the Golden Visa last?
If you are outside of Spain when the application is submitted., the Investor Visa is for 1 YEAR If you are currently in Spain when submitting the a...
Which are benefits of the golden Visa?
The Golden Visa offers these advantages over other types of visas:
Who Can Get a Golden Visa for Spain?
To be eligible for a Spanish Golden Visa, you must make one of the following investments:
How to Apply for a Spain Golden Visa?
If you have made any of the investments listed above, then you can submit a visa application to the nearest Spanish Embassy or Consulate. At the time of application, you must be committed to making the investment, but the investment does not necessarily need to be finalized.
How Long is the Golden Visa for Spain Valid?
During this year, you have to enter Spain and exchange your visa for a Spain residence permit, which will be valid for two years.
Is It Possible to Make a Joint Investment to Get a Spain Investment Visa?
Even if you make a joint investment or purchase, each individual investment has to meet the minimum requirements. As such, if you decide to purchase a property, each person involved has to pay €500,000 to be eligible for the Golden Visa. It is not possible to split the investment into smaller amounts, as you would not be eligible for the Golden Visa residency.
How many pages are needed for a passport to Spain?
Make sure the passport will be valid for the initial period of time you intend to spend in Spain and has at least two blank pages. You may also need a photocopy of the personal information page of your passport.
How long do you have to be a sole owner of a Spanish investment?
To prove your investment when applying for a Spanish Investor Visa, the following documents have to be submitted: Investment in the Spanish Government Debt: A certificate from the Bank of Spain or another financial institution, stating you are the sole owner of the investment for a period of at least five years.
How old do you have to be to get a visa for a child?
Children under the age of 18. If you have any children who are not minors but are nonetheless dependent due to any health or mental conditions, they also classify for the visa. Dependent elderly parents. Your family members will also receive residence permits and be allowed freedom of movement in the Schengen Zone.
How long do you have to live in Spain to get a gold visa?
However, we must not lose sight of the fact that although the Investor Visa /Golden Visa does not require a continuous stay, if you subsequently wish to obtain Spanish Citizenship, and obtain a Spanish passport , you must live in Spain for at least 6 months out of the year for the required time (10 years, 5 years or 2 years).
How can I obtain my Golden Visa /Investor Visa?
According to the law Act 14/2013, of 27 September, of support to entrepreneurs and their internationalization” for a capital investment to be considered as significant, one of the following criteria must be fulfil:
How long do you have to live in Spain to get a Spanish citizenship?
Spanish law requires the person to have resided in Spain for ten years legally, continuously and immediately prior to the petition. However, there are cases in which the required period of residence is reduced: Five years: for granting of Spanish nationality to those who have obtained refugee status.
How long is a residency permit valid in Spain?
If you are currently in Spain when submitting the application, the RESIDENCE PERMIT is for 2 YEARS.
Do you need to stay in Spain for a certain period of time?
Do not need to stay a certain period of time per year in Spain.
Does Spanish insurance cover co-pays?
Taking into account that the insurance policy does not contain any co-payments and it offers full coverage within the whole Spanish territory. Have no criminal record in Spain or in the countries where they have resided for the past five years, for criminal offenses defined in the relevant Spanish legislation.
Can a spouse apply for a golden visa?
Yes, they can also apply for a golden visa if they are any of the following relationships. The spouse or unmarried couple (“civil partner”) Children who are minors or those of legal age being financially dependent on the holder. Parents in their charge.
What is a golden visa?
The golden visa is designed for all citizens from outside the European Union who intend to make an investment in Spain as a means to obtain their residency. The countries in which this residence permit has gained the most popularity are China and Russia, without any doubt.
How long is a gold visa good for?
With these visas you get the residence permit by the fast track, both for the first immediate grant valid for one year and to process renewals every two years,” explains the lawyer.
How much money do you need to invest in real estate in Spain?
The real estate investment must be equal or higher than 500 thousand euros plus taxes, but must be included in one or more properties of this type. This has been determined several times by the Spanish Courts. One of the decisions that have explained this point is the following:
How to live in Spain without a criminal record?
Have no criminal record. Have a private medical insurance in Spain . Demonstrate that you have sufficient financial means to live in Spain and support your family. Make the corresponding investment which, depending on which one it is, will be of one amount or another.
What are the requirements to start a business in Spain?
Start up a business in Spain that must meet the following requirements: To create jobs. With an important impact on the country or region at a socioeconomic level. That represents a scientific or technological novelty.
Is there a minimum amount to get a Golden Visa?
Unlike the rest of the investments, in this case no minimum amount is established. However, a series of requirements are developed to decide what is a legitimate investment to receive the Golden Visa. Therefore, article 63.2.c) of Law 14/2013 specifies that the business proposal will be “considered and certified as being of general interest, for which the fulfillment of at least one of the following conditions will be evaluated.
Do you pay taxes on a Spanish residence?
If you stay in Spain for over 6 months, you’re counted as a Spanish resident and your worldwide assets and income will be taxed in Spain. If you’re in the country for a less amount of time, you only pay taxes on the initial purchase of your real estate and thereafter on the value of your assets in Spain.
What is a Golden Visa for Spain?
A Golden Visa for Spain, officially known as the Spain Investor visa, is a residence permit issued to non-EU citizens who make a significant investment in Spain, such as buy real estate, invest in a company, or create employment opportunities.
How Long Can I Stay in Spain With a Golden Visa?
The Spain Golden visa is initially valid for one year. Then, you can apply to convert your visa into a residence permit for investors and get a two years valid residence permit.
What Are the Investment Options for a Golden Visa in Spain?
You can apply for a Golden Visa for Spain if you make one of the following investments:
Do I Need Health Insurance Cover For Spain?
Yes, it is a requirement of the Golden Visa application process to obtain health insurance. You and your family members must have valid health insurance even if you never intend to live in Spain at all.
What Kind Of Health Insurance Should I Have In Spain?
Residents in Spain are eligible for public health insurance. However, to make use of Spain’s public health system, expats have to be employed and pay taxes in Spain, as it is financed by taxpayer money.
How long is a Golden Visa valid?
The Residence Permit you receive via the Golden Visa is valid for two years. You can then renew it indefinitely every two years as long as you have maintained the investment (in other words, as long as you still own the property you have purchased).
How long is a residence permit valid?
The Residence Permit you receive via investment is valid for two years. You can then renew it indefinitely every two years as long as you have maintained the investment (in other words, as long as you still own the property you have purchased).
How long do you have to stay in Spain to get a Golden Visa?
No Minimum Stay Requirement. Spain requires no minimum stay requirement to maintain your Spanish Golden Visa card. You only have to enter the country once per year to keep your permit. After your Golden Visa application, you receive your temporary permit, which is valid for either a year or two years, if you visit Spain.
How old do you have to be to get a Golden Visa in Spain?
In order to be eligible to apply for a Golden Visa in Spain, you must: Non-EU, non-EEA, or non-Swiss citizen. Be over 18 years of age. Have a clean criminal record. Not have been refused visas or entry into the Schengen zone. Have enough funds to support yourself during your stay in Spain.
How long do you have to live in Spain to get Spanish citizenship?
In order to be eligible for citizenship, you have to reside in Spain for at least six months a year for a period of ten years. In other words, Spanish citizenship by investment is possible through the Spanish Golden Visa program.
How long do you have to live in Spain to get a permanent residence?
To get permanent Spanish residence in Spain, you must first obtain a temporary residence permit. With your temporary residence permit, you should live legally in Spain for at least five years. This means that you need to live in Spain for at least six months in any year.
How to boost the Spanish economy?
The goal of this route is to boost the Spanish economy directly. You need to create employment in Spain by creating a Spanish company. Secondly, your investment should have a positive socio-economic impact on the country. Finally, your Spanish company should contribute to scientific and technological innovations.
How long does it take to become a permanent resident in Spain?
Keep in mind that a successful temporary residency means that you need to reside at least six months annually in Spain for five years.
How long do you have to live in Spain to get a passport?
However, if you ultimately wish to apply for citizenship, you are required to live in Spain at least six months per year for ten consecutive years. If you do so, you may qualify for a Spanish passport.
What is Golden Visa?
The Spanish golden visa program offers a real estate investment route to gaining residency in Spain. The program in Spain has been in operation since September, 2013. The golden visa program in Spain is flexible in terms of the family options it offers however it is restrictive when it comes to the route to citizenship. Government fees are low and the process is quick. It is ideal for residency but less so for those requiring a second passport.
How long does it take to get a residency visa in Spain?
However the funds must be ready for investment in a bank account in Spain. The application for the residency visa then takes just 10 – 15 days. It is issued for two years, if applied for in Spain, and can then be renewed for a further five years provided the investment is maintained.
How much investment is required in Spain?
Investment. An investment of €500,000 is required in real estate in Spain. The property, either residential or commercial, can be rented for income. Any number of properties can combine to make up the €500,000 minimum investment. Joint buyers can combine investments into one property.
Is the Golden Visa process easy?
The application process is fast and the government fees are low. The process is very straightforward. However the key to the Spanish golden visa programme is that it is a very restrictive route to gaining citizenship and a second passport. In Spain, applicants must live in the country to gain citizenship.
What is a Spanish Golden Visa?
Spain. The Spanish Golden Visa is a residence by investment program. It enables foreigners who invest at least half a million euros in real estate, or one million in shares or bank deposits, or two million in public debt, to live in Spain for at least a year. It is one of the easiest Spanish visas to get if you have the investment means.
What Is a Golden Visa?
A Golden Visa refers to the immigration program which allows wealthy individuals to get a residence permit or even citizenship in another country simply by purchasing a house there or making a relatively large investment or donation.
How to Apply for a Golden Visa?
To apply for a Golden Visa, you must purchase a property (real estate) in a foreign country. This is the most common route and is offered by most Golden Visa countries. The cost of the real estate ranges from $200,000 to over $2 million.
How Long Is a Golden Visa Valid?
The validity of a Golden Visa depends on the country which issues it. You are usually looking at 1-2 years validity, with the possibility to renew indefinitely.
Can I Get a Golden Visa If I Buy A House By Mortgage?
No, you cannot apply for a Golden Visa if you purchased a house using financial aid. You must own all the money you invest.
Is a Greek visa a resident of the EU?
The benefits of holding a Greek Golden Visa are many. A Greek Golden Visa holder automatically becomes an EU resident since Greece is a member of the European Union. The holder is also allowed to move freely since the country is part of the Schengen Zone of Europe.
Can I renew my Golden Visa?
No, there are usually no residency requirements for Golden Visa applicants. You can continue to renew the visa indefinitely as long as you maintain the investment (i.e. you do not sell the house). Additionally, some countries, such as Greece and Cyprus, allow you to rent out the property while you are away.
