Spanish Golden Visa

On September 30^th, 2013, Spanish Parliament passed an important new law that aims to promote new business schemes within an international reach. Law 14/2013 regulates how to gain a residence permit when investing in Spain, most likely through a property.

The Spanish Golden Visa allows Non-European citizen to obtain a permit to allow them “family residency”. This visa can be renewed every two years and after five years, the opportunity to gain a permanent residency in the country arises. Once you have achieved 10 years of citizenship, you no longer have to live in the country to retain and renew the Spanish Golden Visa, as you can apply for full-time citizenship.

Only certain types of investment qualify in these circumstances, these are:

(1) Real Estate investments to a minimum amount of 500,000.00 EUR (per person, excluding loans/mortgages).

(2) Investments in Spanish Public Debt or in Spanish companies. When investing in Spanish Public Debt, the minimum amount is 2,000,000.00 EUR; when investing in shares of Spanish Companies, the minimum amount is 1,000,000.00 EUR.

(3) Investment in Projects that could be deemed to be of public interest.

The original visa remains valid for one year and can be extended and renewed as residency every two years. The prerequisite for renewal is that the person is under the same conditions as when they first obtained the Spanish Golden Visa. They must have also travelled to Spain at least once during their first year of residency.

Applicants must be able to meet all other requirements that are needed to become a resident, such as holding public or private health insurance, having appropriate resources for themselves and their family as well as being able to show a clean criminal record.

In principle, the minimum real estate investment is €500,000 per person for a residence permit. However, in the case of a family, further investigation should be conducted to show that the head of the family is able to support the rest of their family (spouse and children under the age of 18) through a Sponsorship letter.

Purchase of real estate can be achieved through an investment company vehicle, providing the company is not incorporated in a tax haven jurisdiction. Also, the applicant for the residence permit holds voting majority rights. They are therefore entitled to appoint the majority of the members within the Board of Directors.

If you would like to find out more about the Spanish Golden Visa, you can get in touch by filling out our online form for a FREE consultation. You can also email us at clientservices@manzanareslawyers.com or call us on +34 952 59 50 42 (Alhaurin) or +34 952 82 41 12 (Marbella).

Areas

Procedure

The application for the Residence Visa must be submitted to the competent consulate of Spain in the country where the foreigner lives and the following general procedure will be needed:

Investment in Spain and registration
Preparation of application file
Pre-check
Consulate appointment (home country)
Immigration Spain
Spanish Police station
Collection residence permit

General Requirements

The application for the Residence Visa must be submitted to the competent consulate of Spain in the country where the foreigner lives and the following general procedure will be needed:

Investment in Spain and registration
Preparation of application file
Pre-check
Consulate appointment (home country)
Immigration Spain
Spanish Police station
Collection residence permit

Golden Visa Assistance Service By Manzanares Lawyers

The Immigration Department at Manzanares Lawyers is pleased to present you the Spanish Golden Visa Assistance Service. This means that you will have one fixed point of contact and this person will be in charge of your Visa application. Our service includes a detailed explanation about the extent of the relevant law with its possibilities and limitations, step by step guidance on all parts of the procedure, advice on required documentation, preparation of the application file, constant liaising with Spanish Consulate, physical assistance in visit to Police Station and collection of residence permit.

Areas

FAQs

Does buying a house in Spain allow me to have residency?

The Spanish Golden Visa allows you to obtain a Spanish residency if you invest at least €500,000 in your property. This means you can have a secure way to keep your residency for the long term. As long as you keep in line with the regulations of the visa, you will be entitled to residency in Spain for as long as you require or desire. If you’d like to find out more about this way of obtaining Spanish residency, you can contact our team of experts and we will gladly give you the advice you need about how to best go about receiving a Spanish Golden Visa with the help of Manzanares Lawyers.

Is a Spanish Golden Visa still valid after Brexit?

From 1st January 2021, the United Kingdom is no longer a part of the European Union. This means that UK nationals are treated as non-EU citizens. For many countries, as a result, it is much tougher to emigrate to an EU based country than it was previously. However, with the Spanish Golden Visa, you are able to obtain a residence permit by investing in Spanish real estate. As long as you hold your investment, you are entitled to both live and work in Spain during this time. These benefits also apply to your family (spouse and children under 18) too. Brexit has felt like a complicated time for everyone directly affected, so if you feel like you need more advice on how you can start a new life in Spain, please contact our expert lawyers today and we will happily give you the information you require.

Who can apply for a Spanish Golden Visa?

The Spanish Golden Visa is applicable for anyone who is a non-EU, non-EEA or non-Swiss citizen that is looking to live or work in Spain through investing, as well as their dependant family. There are some requirements that you have to meet in order to obtain a visa such as this, so the Spanish government can be assured that you are fit and proper to live in the country. You need to be over the age of 18 to apply, as well as having no criminal record. The visa can also only be achieved if you hold valid medical insurance and have enough funds to live in the country. If you are unsure whether you qualify for a Spanish Golden Visa, our professional team will be able to give you the information you need for a clearer judgement. Just give us a call, email us or fill out our online form for a quick response.