Golden Visa
Consult our list of real estate, homes and properties suitable for obtaining a visa for investors. The essential requirement for obtaining the Golden Visa is that the investment exceeds €500,000. You can acquire a house or property whose total amount exceeds the figure or acquire several real estate for residential or commercial use, such as premises or offices and thus reach the minimum investment necessary to obtain the Golden Visa. Luxury homes are in the Golden Visa category. You will have a special permit for investors with which you will be able to reside for one year in the whole national territory. Extendable for a further two years. In addition, you will be able to move freely within the member countries of the European Union that are members of the Schengen treaty.
General Introduction
General information in relation with the Authorization of Residence for Real Estate Investors, also known as the GOLDEN VISA. The advantages that this type of Residence permit offers, as its objective is to facilitate and simplify the proceedings, which is reflected in the following aspects:
- It is valid in the whole national territory
- The procedure will be done more quickly.
- It doesn’t require continued residence in Spain; one entry per year into Spain is sufficient to request renewal.
- It does not involve Fiscal Residence, except if the foreigner voluntarily remains in Spain for more than 182 days.
- It allows you to apply for Visa and Residence permit for the investor’s family members at the same time as the investor’s application
- Solely authorizes living and work in Spain.
- This does not imply Tax Residence in Spain, except if the foreigner voluntarily remains in Spain for more than 183 days.
For the purposes of proving the completion of tax obligations in Spain, in due course it will be necessary to prove the fulfillment of personal obligations of a fiscal nature, derived from various tax figures such as Property Tax as well as the declarations that correspond with the procurement of income and yield that will be different according to the legal tax qualification of income or yield obtained. The fulfillment of the corresponding tax obligations will naturally depend on the evaluation of the fiscal residence effective in Spanish territory according to the factual circumstances that are gauged.
AUTHORIZATION OF RESIDENCE IN SPAIN FOR REAL ESTATE INVESTORS
On the 28th of September 2013 Law 14/2013 of the 27th September, regarding support for entrepreneurs and their internalization, took effect, which introduces a new framework (Title V Section 2a International Mobility) for qualified immigration which favours the international mobility of professionals and executives and attracts foreign investment.
The program is based on the establishment of a flexible system and specific to the granting of visas or residency authorizations, preserving those guarantees that become essential for the security of our society and the conservation of our public services, with the following objectives:
To promote enterprising culture and create favourable surroundings for economic
activity.
Facilitate the influx of investment and talent with a view to favour economic increase and the creation of jobs.
In particular, this type of Residency could be applied for investors who undertake a significant investment in Spain that, in the case of real estate, must be equal or more than 500,000€ for each applicant and free of charges, that means, without MORTGAGE.
The first step would be request the “VISADO DE RESIDENCIA PARA INVESORES” (Residence Visa for Investors). This visa should be requested at the Spanish Consulate in the country of your origin and gives the rights to live and work in Spain for 1 year.
For the investors that wish to reside in Spain for longer than one year will the law establish the option to apply for “AUTHORISATION OF RESIDENCY FOR INVESTORS”, which will be valid in all national territory and permit work and live in Spain for two years.
The Law allows that the investor may request, at the same time as, or following their application, a Residency visa or Authorization of Residence for their spouse and/ or children under 18 years of age (or children of age who: a) has economic dependence of the investor and doesn’t have their own family; b) are not objectively able to provide for their own needs due to their health).
However, the Law has been changed by the Law 25/2015 of 28th of July. As more important change, it establishes the new option to apply directly for the Spanish Residency Authorization, in the event that you have another kind of Spanish visa (different of Investor Visa), for example, a Tourist Visa; so it is not necessary that you have the Residency Visa as an Investor to apply for the Investor Residency Authorization.
To apply for this kind of authorization of residence in this way you must be in Spain at the moment of the application and you cannot be in Spain more than 90 days in the period of time of 180 days (since the last entry into Spain).
Requirements to apply for Spanish Visa as Investor and Spanish. Authorization Residency as Investor.
Investor Requirements:
Must not be in Spanish territory illegally
Must be older than 18 years of age
Must not have a criminal record in Spain or in the countries where they have lived in the last five years, for offenses under Spanish law
Must not appear reprehensible in the territorial area of countries with which Spain has a signed agreement in this regard.
Must have public or private health insurance arranged with an insurance entity authorized to operate in Spain
Must have sufficient economic resources for themselves and for their family members during their residence period in Spain.
Must prove that the applicant of the Visa is the registered holder of the real estate through which the investment has been made.
Spouse Requirements:
Must not be in Spanish territory illegally
Must be older than 18 years of age
Must not have a criminal record in Spain or in the countries where they have lived in the last five years, for offenses under Spanish law
Must not appear reprehensible in the territorial area of countries with which Spain has a signed agreement in this regard.
Must have public or private health insurance arranged with an insurance entity authorized to operate in Spain
Must prove the relationship with the investor
Requirements for children under 18:
Must have public or private health insurance arranged with an insurance entity authorized to operate in Spain
Must prove the relationship with the investor
Requirements for children over 18:
Must not be in Spanish territory illegally
Must be older than 18 years of age
Must not have a criminal record in Spain or in the countries where they have lived in the last five years, for offenses under Spanish law
Must not appear reprehensible in the territorial area of countries with which Spain has a signed agreement in this regard.
Must have public or private health insurance arranged with an insurance entity authorized to operate in Spain
Must prove the economic dependence from the investor as well as doesn’t have own family.
Must prove the relationship with the investor
