19 Mar, 2021 @ 08:32
1 min read

The Golden Visa grants automatic residency in Spain

Spain suspends handing out new 'Golden Visas' to Russian citizens

Golden Visa Spain

In 2013, Spain launched a plan to support entrepreneurs and their internationalization. With the entry into force of Law 14/2013 of 27 September, investors can apply for a special residency.

The Golden Visa is a great opportunity to establish a home or residence in Spain, especially if you want to invest in real estate. The Golden Visa gives permission to reside and work in the whole territory of Spain, but the applicant is not obliged to be in the country for more than 6 months a year to be able to renew the residence.

Application requirements for the Investor Visa

The Golden Visa Spain can be applied for by foreign nationals making am investment of capital in:

  1. Acquisition of real estate with an investment of more than 500.000 Euros
  2. Business project to be developed in Spain and which is considered and accredited as being of general interest.
  3. Financial assets, by making an initial investment of more than:
  • Two million euros in Spanish public debt securities.
  • One million euros in shares or equity investments in Spanish capital companies with a real business activity
  • One million euros in investment funds, closed-end investment funds or venture capital funds incorporated in Spain
  • One million euros in bank deposits with Spanish financial institutions.

How to apply for a Golden Visa in Spain?

When the applicant is outside of Spain, he/she can apply for an investor visa at the Spanish Consulate in the country of residence.

The duration of the visa is 1 year, after which it is necessary to apply for residency.

When the applicant is legally in Spain, he/she can apply directly for a 2-year residence permit at the Large Companies and Strategic Groups Unit.

Documents required

  • Passport
  • Health insurance
  • Criminal record certificate
  • Proof of sufficient financial means for themselves and their family members during their period of residence in Spain..
  • In the case of Golden Visa applications for the acquisition of real estate, it is also necessary to provide a certificate of ownership and encumbrances from the land registry.

Pellicer & Heredia can assist you in the application of the non-lucrative visa, and in all of the stages of the procedures, from preparing documents and managing an appointment at the Consulate of Spain for the visa application, to receiving the actual non-lucrative residence card.

For more information, please do not hesitate to contact us. (+34) 965 48 07 37 or email: info@pellicerheredia.com.

Staff Reporter

DO YOU HAVE NEWS FOR US at Spain’s most popular English newspaper - the Olive Press? Contact us now via email: newsdesk@theolivepress.es or call 951 273 575. To contact the newsdesk out of regular office hours please call +34 665 798 618.

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