How To Get The Spanish Golden Visa

The Golden Visa is a program that offers foreign investors the opportunity to obtain residency in Spain, and therefore in all European countries affiliated with the Schengen Area, in exchange for a significant investment in the country. The program has been popular among investors seeking a way to obtain residency in Europe, as it is essentially a shortcut for those willing to purchase a real estate property of €500,000 or more in Spanish territory.

To obtain the Golden Visa, investors must invest at least €500,000 in a property in Spain. They can also choose to invest in Spanish companies or Spanish government bonds, but the minimum amounts are different for these cases.

Who can apply for the Golden Visa?

The Golden Visa is available to non-EU citizens. One of the most outstanding characteristics is that its effects also extend to the spouses and minor children of investors, as well as economically dependent adult children and ascendants in charge of the Golden Visa holder.

How long does the Golden Visa application process take?

The Golden Visa application process can take several months. Investors must submit an application in person at a Spanish embassy or consulate abroad, and then wait for approval of the application. It is valid for 3 years and can be renewed for periods of up to 5 years.

Can I work in Spain with a Golden Visa?

Yes, Golden Visa holders have the right to work in Spain and can establish and operate businesses in the country.

Is the Golden Visa a way to obtain Spanish citizenship?

No, the Golden Visa does not grant Spanish citizenship. However, after a set period of time, Golden Visa holders may be eligible to apply for permanent residency or Spanish citizenship.

In summary, the Golden Visa is an attractive option for investors seeking a way to obtain residency in Spain. Investors must invest at least €500,000 in a property in Spain and can choose to invest in Spanish companies or government bonds. The application process can take several months, but once approved, Golden Visa holders have the right to work in Spain and can establish and operate businesses in the country. Although the Golden Visa does not grant Spanish citizenship, Golden Visa holders may be eligible to apply for permanent residency or Spanish citizenship after a set period of time.

Does the Golden Visa in Spain have numbered days?

From the political landscape, some groups have proposed a law in the Congress of Deputies requesting the elimination of residence permits for foreigners who acquire real estate for a minimum value of €500,000 in Spain. The proposal is presented as a hypothetical solution to the housing crisis in large cities, where supply is limited and prices are high. According to the proposal, residence in Spain has been facilitated for 100,000 "wealthy" foreigners since the approval of the Law for the Support of Entrepreneurs and their Internationalization in 2013, which has had a negative effect on the housing market. The proposal has been criticized for directly attacking the free market and falling fully into interventionism. Additionally, the proposal only requests the elimination of the visa for real estate investors, while maintaining the current immigration benefits for those who make significant investments in other sectors, favouring large corporations and banking entities.

If you are interested in obtaining residency in Spain by purchasing a property and want to avoid all the paperwork and bureaucratic procedures, let Valido Home do it for you. Contact us now and let our experts take care of the entire process! From the purchase of the real estate property to the processing of the Golden Visa. With our comprehensive service, you can obtain residency without complications and enjoy everything Spain offers. Don't wait any longer and start your new life in Spain today with the help of Valido Home!