A non-EU individual who plans to invest huge capital in the Spanish market is granted a Golden Visa to stay in the country. The permit grants the bearer and their dependents a place of residence in Spain and visa-free travel across the Schengen Area.
In most circumstances, Golden Visas are awarded to people who buy property in Spain. They are also known as Spain Investment Visas since they are offered to foreign entrepreneurs who engage in a country’s corporation.
Who is eligible for a golden visa in Spain?
You must complete one of the below investments to be qualified for a Spanish Golden Visa:
- Engage in an innovative enterprise that will create jobs, donate to research and technical development, and have a significant economic influence in the region where it will operate.
- Purchase stock in a firm or invest at least €1,000,000 in a Spanish financial institution.
- Make a €2,000,000.00 investment in the country’s state liabilities.
- Acquire at least €500,000 worth of property in the country. The house can be a single entity or a group of properties with a total value of at least €500,000.
It would be best if you also meet these additional conditions, besides investment:
- In Spain, you should have medical coverage.
- You must not have previously been denied a Schengen Card.
- You must not have any prior convictions.
- You must be of consenting age to participate.
How can I request a golden visa in Spain?
If you’ve done any of the transactions mentioned above, you can apply for a card at the local country’s Consulate general. It would help if you were determined to invest in the date of applying. However, the transaction does not have to be completed.
You do not require to be in the country to apply for the card, although you will have to travel there beforehand to investigate your investment choices and consult with attorneys. You can do this on your own or with the assistance of skilled specialists.
Is it possible to obtain Spanish nationality through investment?
Yes, the Investment Card in the country offers a route to nationality if you dwell in the country for at least ten years.
Despite obtaining a citizen of the country with investment is quite simple, you need to reside in the country for at least six months for ten years to acquire a card.
There are also other conditions to get a Spanish citizen, such as Spanish proficiency and connections to the nation. A Spanish visa entitles the possessor to employment in the EU and visa-free travel to almost a hundred countries.
Necessary documents to apply for a golden visa in Spain
The following paperwork is required when filing for a Spanish Golden Visa:
- A valid passport
- Two passport-size photos. Make certain they adhere to the photo requirements for a Spanish visa.
- Transaction verification for the visa fee.
- Visa Request Document for Spain.
- Evidence of healthcare coverage with a Spanish-based insurance provider.
- Police record demonstrating that you have never been convicted of a crime.
- Papers demonstrate that you have enough money to maintain yourself and your dependents while living in the country.
- Any other document that is relevant to your situation.
- The materials you provide must be translated into Spanish by a professional interpreter.
Advantages of the Spain golden visa
Because Spain participates in the EU Community, Spanish citizens and their dependants can visit any Schengen Area country without a visa for up to 90 days in a 180 days timeframe. The following are some further advantages:
- You and your spouse will have access to government facilities like medical treatment and education.
- You are welcome to invite your close relatives.
- You can operate and reside in Spain lawfully.
- You do not need to dwell in Spain to update your residency card, but you may do so if you like.
Spain investment visa rules
When filing for a Spanish Investment Card, you must present the following credentials to establish your funding:
- An investment in a bank deposit: A document from the bank recognizing you as the single proprietor of the bank transaction.
- Investment in listed shares: A fiscal intermediary’s document confirming your transaction, issued with the Spanish Public Stock Exchange Administration or the Financial institution of the country
- Investment in Spanish treasury bonds: A document from the Bank of Spain certifying that you are the rightful proprietor of the transaction.
