How does the Chinese Golden Visa work in Spain?

It is often difficult to acquire residence in a foreign country, due to the different requirements that the country of choice may have. That is why many investors, after analyzing the investment, decide not to invest.

However, there are many options for those immigrants from European Union countries who wish to contribute to the country, either by investing in property, real estate or other assets or by providing skills or competences in different fields.

Speaking of Spain, the country for a few years now, offers a very attractive opportunity for all kinds of people outside the EU/EEA (European Union/European Economic Area) and Switzerland. This is a program called Golden Visa Program for international investors, which Chinese investors have proven to like very much.

Why is the Golden Visa Spain so attractive for Chinese investors?

The expatriate community of Chinese expatriates in Spain is increasingly growing. So much so that in recent years they have become one of the groups with the largest presence in the Mediterranean country.

Moreover, although unemployment rates in Spain have been very high in recent years, unemployment does not seem to affect the Chinese community. Their active population is larger among their group and amounts to approximately 72% of the total, which puts their unemployment rate at approximately 2.3%. This demonstrates both the Chinese people’s sense of community and their resilience to thrive.

The more relaxed pace of life in Spain, along with it’s amazing architecture, beautiful beaches, great culture and many activities, including economic ones; mix together to offer Chinese investors unique opportunities to grow a business, and to enjoy a great life.

How to apply for a Golden Visa in Spain?

The great advantage of acquiring the Golden Visa Spain over applying for residency in other ways is that it is very easy to obtain, you only have to meet a few requirements. The Golden Visa is a residence permit for international investments. As such, in order to apply for it, the person must do one of the following things:

  • Acquire a property (real estate) in Spain worth €500,000
  • Buying shares of a Spanish company for a value of more than €1,000,000
  • Having more than €1,000,000 in a Spanish bank
  • Possessing 2 million euros or more in Spanish public debt
  • Invest in a business project inside of Spain that is able to: Generate employment, impulse technological/scientific development in the country, or generate a minimum socio-economic impact

After having made the investment, we must be able to provide a document that proves our investment, depending on the route we have decided to take. And we must deliver all the necessary documentation to the authority.