Golden Visa Info / Spain

ESSENTIAL RULES OF SPANISH GOLDEN VISA:

• The minimum investment must be at least € 500,000.
• Investments may be spread over several properties for a total purchase price of at least € 500,000.
• You can do your investment via a foreign company if you can prove that you own the majority of this company.
• Spanish residence visas may be issued to the immediate family, including spouse or non married partners.
• Spanish residence visas may be issued to children up to 18 years, economically dependent adult children and economically dependent parents. Also includes children over 18 years old who, due to health issues, are not objectively capable of looking after themselves.
• The Spanish visa does not need to be renewed within five years.
• As there is no law on minimum stay is not necessary to be tax resident.
• The visa allows access to unlimited travel throughout the EU Schengen visa countries
• The first card is issued for two years but the next 5 years if the investment is held.
• You and your family which are covered under the Golden Visa will have the right to work in Spain from the first day.
• Refusal of Spanish investment visa will usually only be justified by an unclean criminal record.
• The applicant must be able to prove that he/she has traveled to Spain at least once in the first two years, and once more in the three subsequent years.
• A recommended lawyer will take care of the application for residence, and the full Golden Visa program, residence for the family, etc. The totally cost for this is € 1,500 + 21% VAT.

THE APPLICANT MUST MEET THE FOLLOWING REQUIREMENTS:

• Not to have entered or stayed illegally in Spanish territory.
• Have to be 18 years or over.
• Not to have been refused entry in any of the Schengen countries.
• Have public or private health insurance authorized to operate in Spain.
• Have sufficient economic means to cover personal and family living expenses.
• Proof of the investment must be made through a Registry of Property certificate attesting ownership. Or, if the ownership title is not yet registered, via a copy of the acquisition public deed and proof of filing the deed in the Registry.