The Spanish Golden Visa is a
way to gain a residence permit In Spain, primarily for people living outside
the EU. Effectively, it allows you to 'buy' your residency permit and this will
cover your spouse & any children under 18.
You can invest in a number
of ways – however the most common way is through buying real estate. If you
make a net purchase of 500,000 Euros (i.e. any purchase tax is not included in
the 500,000 Euros) then you can apply for the Golden Visa. You can buy several
properties that amount to 500,000 Euros, a single property for that price or a
property that is over 500,000 Euros (with your equity always amounting to a
minimum of 500,000 Euros).
If you buy a property for
500,000 Euros and you are granted a Golden Visa then this will mean that you
permit for a year
to all EU countries covered by the Schengen Treaty.
renewal of your residency permit
right to work as an employee or business owner
To maintain the validity of
your residency permit you must visit Spain at least once a year although
it is not necessary to do so for an extended period.
You will need:
- Proof that you have spent
500,000 Euros or more (before taxes) on property i.e. a certificate of
registration of your property from the Land Registry
- valid passport valid for 1
year or more
- 2 passport sized
- Proof of finances i.e.
that you can maintain yourself, as defined by the regulations
- Marriage certificate and
birth certificates if you are applying for your wife and children
- Proof of no criminal
- Medical cover i.e. private
The process from application
to receipt of your residence permit is normally quick (i.e. within a month)