The Spanish Golden Visa (Residence for Investment in Spain) is a programme, which allows non-EU foreigners and their families to reside and work in Spain.
An investment of €500,000 in Real Estate will gain family residency. The Spanish investor visa can be renewed every two years. After five years it is possible to gain permanent residency and after ten years citizenship. It is not necessary to live in Spain in order to retain and renew the residency visa permit.
The choice of the property to invest is not always so easy. You need to understand the type of investment you want and also the culture and lifestyle in Spain. A good Real Estate Personal Shopper organizes a full agenda with all the visits and concentrates all the legal paperwork to close the purchase effectively and quickly.
Therefore, having a personal shopper who works for you and looks after your interests is like having your personal assistant – it would help you through the whole process, so you can speed up the paperwork and get your golden visa faster, making sure you get a profitable investment in the long term, since one of the requirements is to keep this property for 5 years. Once this time has elapsed, you will be able to opt for permanent residence or Spanish nationality, depending on your case.
Other types of residence visa oblige you to live in Spain. This is not the case with the Golden Visa because it is designed for foreigners whose main objective is to invest but not necessarily to reside in Spain. You won’t have a maximum or minimum period of stay in the country. You can come and go as many times as you want, for as long as you wish.
The important thing is that you do it at least once during the period of residence.You can move freely within the European Union countries belonging to the Schengen Area, of which there are 26, which is why we say that investing in Spain is the gateway to Europe!
The investor visa also grants residency to the family members. You can apply for the visa for them at any time, unlike other types of visas, which require a minimum period of one year.
The visa will be granted to minor children and, if they are over 18 years of age, you must prove that they are still dependents.
The same applies to your parents. They must be dependents to qualify for the visa. Newborns born in Spain will obtain a Spanish passport after one year, without having to meet any other requirements.
Generally, a foreigner residing in Spain must wait at least 10 years to be able to apply for nationality. With the Golden Visa, you will be able to apply after its five-year renewal period.
These are undoubtedly some of the great advantages that Spain offers to international investors.