The Golden Visa
The Golden Visa for Spain is a residence visa issued to a non-EU national who intends to make a significant investment in the Spanish economy. The visa offers the holder and their family members residency in Spain and visa-free access to the Schengen Zone .
In most cases, Spain Golden Visas are issued to someone who purchases real estate
You can apply for the Golden Visa if you invest at least 500.000 € in Spanish real estate. Minimum 500 000€ must be of the investor’s own funds but above that you can finance the investment through a mortgage if needed. It is allowed to spread the investments over several properties. In addition to the investment price you need to add 11-12% (purchase cost, including tax, stamp duty, VAT, notary and lawer). Investment can be done via foreign company but only if you are able to prove that you own the majority of the company. There is also a certain flexibility to borrow some of the money from another country.
Who Can Get a Golden Visa for Spain?
To be eligible for a Spanish Golden Visa, you must make one of the following investments:
- Purchase real estate in Spain worth at least €500,000. The real estate can be one single unit or several, with an overall worth of no less than €500,000.
- Make an investment in the Spanish public debt of at least €2,000,000.
- Buy shares in a company or make a deposit in a Spanish bank of at least €1,000,000.
- Invest in a new business that will offer employment opportunities, contribute to scientific and/or technological innovation and have a relevant socio-economic impact in the area where the business will be undertaken.
In addition to the investment, you must also fulfil the following requirements:
- You must be of legal age (+18 years old).
- You must have no history of criminal records.
- You must not have been refused a Schengen Visa in the past.
- You must have health insurance in Spain .