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Foreign investment in Spain: how does the Golden Visa programme work?
The Golden Visa for Spain is a programme that allows non-EU foreign investors to obtain a residence permit in Spain in exchange for an investment in the country. This programme was created to encourage foreign investment and economic growth in Spain, and has proven to be an effective tool for attracting foreign investment to the country. If you wish to invest in a property in Spain, GoMarbellaHomes has professionals with over 15 years of experience on the Costa del Sol. We have the best properties and will only offer you options that meet your criteria and needs.
Who is eligible for the Golden Visa?
Foreign investors who are interested in obtaining the Golden Visa for Spain must meet certain requirements. These include:
Minimum investment: Investors must make a minimum investment of 500,000 euros in real estate, shares in Spanish companies or investment funds.
No criminal record: Investors must have no criminal record in Spain or in other countries where they have resided for the last five years.
Medical insurance: Investors must have medical insurance to cover them during their stay in Spain.
Economic solvency: Investors must demonstrate that they have sufficient economic means to live in Spain without the need to work.
If you decide to buy real estate you can read our definitive guide to buying property in Spain as a foreigner.
What are the benefits of the Golden Visa?
The Golden Visa for Spain offers several benefits for foreign investors wishing to establish themselves in Spain. These benefits include:
Stay in Spain: Investors can stay in Spain by renewing the visa every two years.
Work permit: Investors can work in Spain during their stay in the country.
Free movement in the EU: Investors can travel freely within the European Union countries as long as their gold visa is valid.
Permanent residence: After five years of residence in Spain, investors can apply for permanent residence.
How to apply for the Golden Visa?
To apply for the Golden Visa for Spain, investors must submit a number of documents to the Spanish immigration office. These documents include:
Criminal record certificate: Investors must submit a criminal record certificate from their home country and any other country where they have resided for the past five years.
Proof of investment: Investors must provide proof of their investment in Spain.
Medical insurance: Investors must provide medical insurance to cover them during their stay in Spain.
Proof of financial solvency: Investors must demonstrate that they have sufficient financial means to live in Spain without the need to work.
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Riyaz khan
April 7, 2023
Investment