SPANISH GOLDEN VISA PROGRAM
GRANTS EU CITIZENSHIP WITHIN 10 YEARS
What is the Golden Visa in Spain?
What is the Golden Visa in Spain?
The Spanish “Golden Visa” Law was introduced in 2013, allowing non-EU citizens and members of their families the opportunity to obtain a Temporary Residence Permit.
The Temporary Resident Permits will also be granted to Spouses and any dependent children (under 18 years of age) but will not give the resident benefits such as free healthcare and education or other social benefits and so the investor and his or her family must have health insurance and be able to show sufficient financial resources to support themselves.
WHY IS SPAIN
A POPULAR LOCATION?
Officially known as the Kingdom of Spain, its continental territory is situated on the Iberian Peninsula. Spain is also the fourth largest country within the European continent.
A popular destination in Spain for many visitors is the luxury Finca Cortesin Hotel, offering one of the most highly rated golf courses in Europe.
Barcelona, one of the countries major cities, is the host of the Spanish Grand Prix. The race is one of the oldest in the world and remains a classic fixture for all F1 fans.
HOW TO OBTAIN A GOLDEN VISA
TIME TO CITIZENSHIP
10 years (and must reside in Spain)
INVEST IN PROPERTY
Invest in residential property valued at €500,000.
On the 27th September 2013, the Spanish Government introduced Law 14/2013, in support for entrepreneurs and internationalization, to give non-EU citizens and members of their families the opportunity to obtain a Spanish Residence Permit in exchange for carrying out Real Estate investments in Spain whose value exceeds € 500,000 Euros. The purchase can be made by an individual or through a legal entity (company) that is 100% owned by an individual but in either case, the purchase must be in full and free of any charge (without using a bank loan or mortgage).
RESIDENCY PERMIT
The Spanish Residence Permit is granted indefinitely but will require the Owner to visit Spain once each year to renew and to receive the replacement EU National Identity Card.
WHAT ARE THE BENEFITS OF THE SPANISH GOLDEN VISA?
Becoming a resident of Spain is made possible through their Spanish residency programme. Let’s take a look at some more facts on the land of the setting sun.
THE APPLICATION PROCESS
Although there are quite a few steps to obtaining a Spanish Golden Visa, the process itself is relatively straightforward . You can complete most of the process remotely. However, some steps require you (and your family if included on your application)to be physically present.
For example, you must attend a biometrics appointment to submit your fi ngerprints. It usually takes three to six months for your residence card to be approved and issued. Be aware that the processing time canvary. Below is a general overview of the process.
