What is the golden visa?
The main aim of the Golden Visa option is to promote the economy in Spain and to support the creation of new jobs and the entry of new talent, because this visa makes it easier for an investor to gain a residency permit through an investment, especially, in a property.
What Are The Benefits Of The Spanish Golden Visa?
Some of the benefits that derive from the Spanish Golden Visa are:
You and your family members will receive Residence Permits, allowing you to live in Spain.
You and your family members can travel to all Schengen Zone countries visa-free for up to 90 days in a 180-day period.
You do not need to live in Spain to renew the Golden Visa.
If you do live in Spain, you become eligible for permanent residence after five years.
You can apply for Spanish citizenship after ten years of residence.
You and your family members can make use of Spain’s health and education system.
To be eligible for a Spanish Golden Visa, you must make one of the following investments:
Purchase real estate in Spain worth at least €500,000. The real estate can be one single unit or several, with an overall worth no less than €500,000.
Make an investment in the Spanish public debt of at least €2,000,000.
Buy shares in a company or make a deposit in a Spanish bank of at least €1,000,000.
Invest in a new business that will offer employment opportunities, contribute to scientific and/or technological innovation and have a relevant socio-economic impact in the area where the business will be undertaken.
In addition to the investment, you must also fulfil the following requirements:
You must be of legal age (+18 years old).
You must have no history of criminal records.
You must not have been refused a Schengen Visa in the past.
You must have health insurance in Spain.
How Long is the Golden Visa for Spain Valid?
The Golden Visa which you receive at the Embassy will be valid for one year. During this year, you have to enter Spain and exchange your visa for a Spain residence permit, which will be valid for two years.
The residence permit can then be renewed indefinitely, without any stay requirements, as long as you maintain your investment. You have to travel to Spain each time you need to renew your residence permit.
If you intend to actually live in Spain, then you can apply for permanent residence after five years of continuous residency (at least six months out of the year).
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