Spain

GOLDEN VISA PROGRAM

Spain Golden Visa Program offers a gateway to Europe for a minimum of €500.000 real estate investment. The individuals can obtain a permanent residence permit in Spain by investing in a real estate property. The program requires 1 entrance for each year in order to maintain the Golden Visa residence permit. Other investment options for Spain Golden Visa Program are as following: a minimum of €2 million donation to Spain public debt, €1 million investment in funds, bank deposits or shares on companies that show a business activity. The Spanish Golden Visa Program came into effect in 2013 and has become one of the leading programs among investors that offer European residency. Spanish residency can be obtained within a couple of months. What are advantages and benefits of Spain Golden Visa Program? The applicants can include their spouse and children below the age of 18 into the program. Most of the investors are motivated to make a future investment for their family. Spain is a member of European Union. After obtaining a permanent residence permit, investors can travel to the Schengen countries without visa. Spain offers visa-free travel to 165 countries, and the Spanish passport is considered to be among the strong passports in the world.  Spain Golden Visa Program offers a very minimal residence requirement, and easy way to get European residency which can lead to European citizenship. If the investors satisfy the necessary requirements, they can apply for naturalization of Spanish citizenship. The Spanish Golden Visa holders can benefit from the public services (including Spanish education and healthcare systems) which are at the European standards. The Golden Visa gives the right to freely work and live anywhere in Spain. The Spain Golden Visa Program application process starts with defining the choices and preferences and determining the best investment option according to your needs. Our local teams will help you to select the best property. Consultants are advised to visit the property they chose before realizing the investment. After the transfer of the reservation fee is completed and the reservation agreement is signed, the applicant has to open a Spanish bank account. In order to open a Spanish bank account the individual has to first obtain a Spanish Non-Resident tax number (NIE). The investor may choose to work with a Power of Attorney in order to execute the legal process. The real estate property is acquired when the promissory sale and purchase agreement are completed. The Golden Visa application starts after the acquisition of the property. The individual needs to gather all of the necessary documents for the application, and biometric data needs to be delivered to the responsible authorities. After all these steps, the approval of Golden Visa and issuance of Residence Cards take place. The renewal applications for the Spain Golden Visa are first at the end of the first years, then third and finally eighth year.