Residence by Investment
Spain offers a golden visa program to non-European Union citizens who wish to invest in the country. The objective of the program is to boost the Spanish economy by attracting foreign investments.
A golden visa is a residence permit for the investor and their family, which allows them to live and work in Spain, as well as travel through all 26 Schengen countries without the need for additional visas. The visa is valid for two years and can be renewed as long as the investment is maintained.
Who is Eligible for the Golden Visa?
Non-European Union citizens who wish to invest in Spain are eligible for a golden visa. There are several ways to invest, including:Buying real estate worth at least €500,000
Investing at least €1,000,000 in Spanish business or bonds
Depositing at least €1,000,000 in a Spanish bank account
Starting a business that creates jobs in Spain
Investing at least €2,000,000 in Spanish government bonds
Investors must also have no criminal record and health insurance that covers Spain.
Benefits of a Golden Visa in Spain
Besides the right to live and work in Spain and travel through Schengen countries, a golden visa in Spain offers several other benefits:
No minimum stay requirement
The possibility to apply for permanent residency after five years and citizenship after ten years
Access to public healthcare and education
Possibility to work as a self-employed person or to set up a business in Spain
How to apply for a Golden Visa in Spain?
The application for a golden visa can be submitted online or in person at a Spanish consulate or embassy.
We would recommend finding a lawyer knowledgeable in this field or talking to the lawyer who is helping you with the purchase of your property.
The following documents are required:
A valid passport
A criminal record certificate from your home country
Proof of health insurance
Proof of the investment
A medical certificate if the investment exceeds €500,000
Proof of payment of the visa fee
The application process usually takes about 20 days, and the investor and their family must visit Spain once during the application process to obtain their biometric data.
In conclusion, a golden visa is a great opportunity for non-European Union citizens who wish to invest in Spain. The program provides a secure way to obtain residency in the European Union and offers numerous benefits for investors and their family members.
More Information
Contact us and we will put you in touch with a lawyer who will guide you through the process.info@kiwii.co.uk
