How and where to get a Golden Visa for Spain

Investor visa’s main requirements

INVEST IN REAL ESTATE. This is the main and most important requirement. You will need to invest a minimum of € 500.000 purchasing one or several properties in Spain.

PRIVATE HEALTH CONTRACT. You must possess private health insurance with a Spanish company. Make sure that the contract does not contain any copayments and it offers full coverage within the whole Spanish territory.

SUBMIT THE RIGHT DOCUMENTS. You will need to submit a copy of your passport, copy of your birth certificate (you must be over 18 years old), demonstrate clear criminal background records, and the investor visa application form.

Benefits of obtaining the golden visa

BRING YOUR FAMILY MEMBERS: With the investor residency, you can easily bring your relatives through the joint application that this permit offers.

FREE MOVEMENT WITHIN THE SCHENGEN AREA.

WORK IN SPAIN. This residency will allow you to work in the country as a self-employed or for a company.

EASY APPLICATION PROCEDURE: Just make sure to meet the main requirements and this visa will be yours easily.

APPLY FROM SPAIN. You can directly move to Spain and get your golden visa while in the Spanish territory. chat with us now here for more info click here

Today my latest interview with Alejandro the visa expert. February 18th 2022

Golden Visa for Spain  Residence Permit FAQ

The investment

How much do I have to invest to get a Golden Visa for Spain?

At least €500,000 of your own money, net of any mortgage financing.

Can I use a mortgage?

Yes, but only for the excess above €500,000 that must be financed out of your own pocket.

Are transaction costs like taxes included in the investment threshold of €500,000?

No, you have to spend €500,000 not including tax and expenses.

What taxes and transactions costs will I have to pay?

It depends on the type of property and where it is located. Generally speaking you pay VAT on new properties and a transfer tax (ITP) on resale properties. You will also have to pay stamp duty, notary, and registry fees. See our guide to transaction costs for more information.

Do I have to buy one property worth €500,000 or more, or can I buy several properties with a combined value of €500,000 or more ?

You can buy several properties costing less than €500,000, so long as their combined value is €500,000 or more.

Can I rent out the property I buy?

Yes, this new law places no restrictions on legal property use.

What kind of property do I need to buy?

You can buy commercial property, residential property, or land. In other words, any type of property investment is valid.

Can I sell the property?

Yes, you can sell the property, but you have to re-invest €500,000 in another Spanish property if you want to renew your Residence Permit.

What property should I invest in?

It depends on your needs, and the state of the market. You should find a good real estate professional to advise . We have one of the best experts in Spain. click here.

The Golden Visa Residence Permit in Spain

How long is the Residence Permit granted for?

The initial Residence Permit is granted for 2 years. After that, assuming the investor still complies with all other requirements, a 5-year permit can be obtained, and renewed indefinitely every 5 years. The investor only has to visit Spain once before each permit expires to request a renewal.

Can I lose the Residence Permit?

Yes, if you liquidate your investment in Spain, or fail to meet one of the investor requirements.

How long do I have to spend in Spain to retain my Golden Visa?

You only have to visit Spain once to get or renew the Residence Permit. There is no minimum stay requirement, and you do not have to become a fiscal resident.

Can I get a Spanish passport?

Although they can be renewed indefinitely, these 2-year and subsequent 5-year Residence Permits are not the same as a right to permanent Residence or a Spanish passport. However, these Permits can lead to long-term Spanish Residence status after 5 years of continuous residence, and citizenship after 10 years of continuous residence, assuming all the other conditions of applying for long-term residence status or citizenship are fulfilled.

Does this replace other ways to get Residence in Spain?

No, it does not. Existing permits and procedures are still valid. This law is specifically tailored to attract affluent non-EU investors, and helps cut red tape.

Can I include my family in my Spanish Golden Visa application?

Yes, you can get additional permits for your spouse or person with an analogous relationship and children under 18 years or those of legal age who, being financially dependent on the holder, have not formed a family unit for themselves. You can also get additional permits for your parents in your charge.

Can I travel visa-free in Europe?

You can travel without a visa for 90 days out of every 180 days within the Schengen area, but you will still need a visa to enter EU countries outside the Schengen area like the UK.

Can I work in Spain with this type of residency permit?

Yes, you can reside and work in Spain during the validity of the permit.

Do I need health insurance cover for Spain even if I’m never there?

Yes, it does not matter how little time you plan to spend in Spain, you must have health insurance cover valid in Spain.

What kind of health insurance should I have in Spain?

If you are a citizen of a Member State of the European Union, the European Economic Area or Switzerland and entitled to coverage under the social security system of your country, then you can apply to the European health Insurance Card (EHIC), which can be obtained from the public health authorities of your home country.

If you are a citizen of a country outside the European Economic Area or Switzerland, then you must find out whether there exists a mutual health provision agreement between the Social Security system of your country and Spain.

If you do not fall into any of the above categories or cannot give proof of the document issued by the relevant national authority of your country, then prior to departure, you must take out private medical insurance to cover the whole stay in Spain.

However, if you have a labor contract in Spain, you will have the national health cover automatically.

Can my children go to a state school in Spain if I have a Spanish Golden Visa?

Yes, in fact in Spain it is mandatory the scholarship for children under 16.

Tax implications

Once I have a Spanish Golden Visa Residence Permit, what are my tax obligations in Spain?

If you spend less than 183 days a year in Spain, you can avoid fiscal Residence, meaning you do not have to pay income tax in Spain, or declare your worldwide assets. The option to avoid fiscal Residence is one of the big attractions of this new law. However, you still have to pay certain taxes related to owning property in Spain, such as rental income tax and municipal taxes.

The Golden Visa application process in Spain

How long does it take to get a Spanish Golden Visa?

20 working days for Residence Permits.

Do I need an NIE number (Spanish Identity Number for Foreigners)?

Yes, you need an Spanish NIE number to buy a property in Spain. You can get this in person in Spain, or your lawyer can get it for you with a POA.

Can I purchase property through a company registered outside Spain?

Yes, so long as the company is not based in a tax haven, and you can demonstrate control of the company.

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