Golden Visa in Spain

A Golden Visa in Spain is a type of residence permit that allows non-EU citizens to live in the country legally in exchange for making a significant financial investment. It is an ideal option for those looking to relocate to Spain or to purchase property in the country. These investments are not limited to just buying properties but also includes business creation, deposit of money in Spanish banks, among others. Obtaining a Golden Visa can open doors to a host of opportunities and benefits, such as the ability to travel within the Schengen area, study, and work in Spain. It is a good way to have a legal residence in the EU, but it also requires adherence to some specific requirements and a relatively long process.

What are the requirements for obtaining a golden visa in Spain?

Obtaining a golden visa in Spain is a great way to gain legal residence in the country while enjoying all that it has to offer. However, there are certain requirements that must be met in order to qualify for the program.

First and foremost, you must make a significant investment in Spain. This can include purchasing property worth at least €500,000, creating jobs by investing in a Spanish company, or making a deposit of at least €2 million in a Spanish bank.

In addition to making the investment, you must also meet certain additional requirements. These include having no criminal record, having adequate health insurance, and demonstrating enough financial resources to support yourself during your stay in Spain.

Furthermore, you must demonstrate that you have a proper place to stay in Spain. This can be achieved by showing that you have rented or own a property in the country.

Finally, you will need to pass the standard background check to ensure that you are admissible to enter the country. This includes providing documentation to prove your identity, such as a passport or national ID card, as well as providing a birth certificate and other documentation as required by the Spanish government.

Overall, obtaining a golden visa in Spain is a great way to gain legal residence in the country, but it does require a significant investment and adherence to a set of specific requirements. It’s recommended to consult with specialized lawyers or consultancies to understand better the process.

How can I apply for a golden visa in Spain?

Applying for a golden visa in Spain is a multi-step process that requires careful planning and attention to detail. Here’s an overview of the process:

1. Gather all required documentation. This may include proof of investment, such as a property title or bank statement, as well as personal identification documents such as a passport or ID card. You will also need to provide proof of sufficient funds to support yourself during your stay in Spain and proof of health insurance.
2. Submit your application and required documentation to the appropriate Spanish consulate or embassy in your country of residence.
3. Once your application is accepted, you will need to appear in person for an interview and fingerprinting at the consulate or embassy.
4. After the in-person interview and collection of biometrics, the consulate or embassy will forward your application to the Spanish Ministry of Interior for review.
5. Once your application is approved by the Ministry of Interior, your golden visa will be issued. And you will need to pick it up from the consulate or embassy.
6. After obtaining the golden visa, you will have to travel to Spain within 90 days and register your residence with the Spanish government.

It’s important to be aware that the process can take several months, so plan accordingly and also consider getting help of specialized lawyers or consultancies to help you through the process, as they can help you understand all the necessary documentation and advise you on the best way to present your application.

It is important to keep in mind that the process and the requirements may change over time, it’s recommended to keep informed with the most recent changes in the regulation.