Last year’s data in terms of Golden Visa authorizations in Spain have reflected the effectiveness of this country’s programme, becoming one of the most requested European Golden Visa along with the programmes from Greece and Portugal.
Given these positive circumstances, we have consider the importance of reminding you the needed requirements in order to achieve the Golden Visa Spain and to enjoy the benefits provided by it.
Main points to keep in mind
Since in Spain the age of majority is 18, being an over 18 year old international investor would be the first requirements.
Of course, there are other compulsory requirements to get the Golden Visa Spain such as:
- Making, at least, one investment in Spain of 000 euros
- Having your permanent home in another non-European country
- Proving not to have any criminal record for the last 5 years
- Obtaining a NIE number (in Spanish, Número de Identificación de Extranjeros)
- Proving to have the necessary resources to face the expenses during the residency in Spain
- Getting an authorized public or private insurance
- Paying the visa fee
By meeting these requirements, you will be closer in order to achieve the Golden Visa Spain.
Choosing your investment
To be considered an investor, the candidate will have to make at least one of the multiple ways of investment determined by the Golden Visa programme, which imply a significant amount of capital.
The first option in order to get the Golden Visa Spain is investing the minimum expenditure of 500.000 euros in real state.
Secondly, it is possible to opt for the Residence visa for capital investors (in Spanish, Visado de Residencia para Inversores de Capital or RIC) by investing 2 million euros in Spanish government bond.
In the third place, if the investment is at least 1 million euros in shares of Spanish companies or in Spanish bank deposits, the investor could get the Residence visa for the acquisition of real state (in Spanish, Visado de Residencia por Adquisición de Bienes Inmuebles or RIV):
Lastly, applicants can carry out at least one business project in Spain considered in the general interest because of its technological/scientific and economical value. This way, investors will achieve the Residence visa for entrepeneurs and business activity (in Spanish, Visado de Residencia para Emprendedores y Actividad Empresarial or REM)
It is very important to remark that the investor must prove that the minimum amount required to get the Golden Visa has been made within 60 days of applying for it.
An opportunity filled with potential
Thanks to the 2013 Entrepreneurs Law, the beneficiaries of the Golden Visa Spain can make use of different assets. The main one is being allowed with a one year residence permit without the necessity of a TIE (in Spanish, Tarjeta de Identificación de Extranjeros).
During this period, the international investor doesn’t need to stay in the country (more than 183 days) but can visit it from time to time. It can be remarked that the Golden Visa can be renewed for two years if the beneficiary wants to keep investing in Spain.
Among other benefits we find the freedom to move through the Schengen area. The freedom of movement through the Schengen territory is allowed for up to three months within one semester with the obtention of the Golden Visa.
Furthermore, we find the co-ownership of the previous rights to the couples and children of investors benefitted from the Golden Visa.
So, since the investment to complete the request for the Golden Visa in Spain is very significant and the benefits in stake are so important, it’s necessary to count on a group of experts who guide you as an investor in order to prevent administrative and legal risks. Please, don’t hesitate to contact us!