Cabinet Harvey Law Group

SPANISH GOLDEN-VISA

WHAT IS THE SPAIN GOLDEN-VISA?

The Spain Golden Visa program is a residency-by-investment scheme that grants non-EU investors the ability to live, work, and study in Spain by investing a minimum of EUR 500,000. If approved, participants can apply for Spanish citizenship after ten years (or two years for former colonies), provided they meet the language and residency criteria.

  • Duration

    Initial residency visa provided for 1 year, then 2 years, and then 5 years (renewal)

  • Family

    Dependents included:
    - Spouse or common-law partner
    - Dependent children
    - Parents

  • Citizenship

    After 10 years of actual residence

  • Investment

    500 000 euros

FREQUENTLY ASKED QUESTIONS

WHAT IS THE SPANISH GOLDEN VISA?

The Spanish Golden Visa is a residence by investment program. It enables non-EU investors who make a qualifying investment to live in Spain.

DOES THE APPLICANT’S FAMILY ALSO BENEFIT FROM THE GOLDEN VISA?

Yes, the following relatives may be included in the application:

  • Spouse, or life partner,
  • Children who are under 18 years old (including adopted children) that are financially dependent on the Investor may be included.
  • Children over 18 years old provided they are financially dependent on the investor and single.
  • Parents provided they are financially dependent and do not have the financial resources to support themselves.

HOW LONG IS THE GOLDEN VISA VALID FOR?

The initial visa issued under the Golden Visa program is valid for 1 year. Thereafter, a 2-year residence permit is issued followed by a 5-year residence permit which may be renewed every 5 years as long as the investment and the other requirements are maintained.

ARE THERE ANY RESIDENCY REQUIREMENTS?

No, but it is required to travel to Spain in order to provide biometrics during the residence permit application.

WHAT ARE THE REQUIREMENTS TO RENEW THE GOLDEN VISA?

In order to renew the Golden Visa, the investor must continue to fulfill the initial conditions when the visa was issued, including maintaining the qualifying investment.

CAN GOLDEN VISA HOLDERS WORK IN SPAIN?

Yes, the main applicant and family members are allowed to reside and work in Spain with the residence permit.

WITH THE GOLDEN VISA, IN WHICH COUNTRIES CAN THE CLIENT GO WITHOUT A VISA?

The visa holder can travel into the Schengen area up to 90 days in any 180-day period.

WHAT IS THE MINIMUM INVESTMENT REQUIREMENT?

The minimum legal requirement in a property investment is of EUR 500,000. All types of property are eligible, but must be free of liens and encumbrances

HOW LONG DOES THE INVESTOR NEED TO KEEP THE INVESTMENT IN SPAIN?

For as long as the investor wants to maintain the residence permit, as the permit is only provided if the conditions are satisfied or until permanent residence or citizenship is granted. Therefore, if the investor sells the property before becoming a permanent resident or citizen, the permit will no longer be in effect.

WHEN CAN THE INVESTOR PURCHASE THE PROPERTY?

The property must be purchased before the submission of the visa application.

CAN THE INVESTOR LIVE IN THE PROPERTY THAT HAS BEEN PURCHASED?

The investor will fully own the property. Therefore, the investor has full access to it, as the owner and landlord, and is fully entitled to live there or rent out the property.

CAN THE INVESTOR MAKE OTHER INVESTMENTS IN SPAIN AFTER THE QUALIFYING INVESTMENT?

Yes, the investor is totally free to make additional investments or other acquisitions.

CAN GOLDEN VISA HOLDERS APPLY FOR PERMANENT RESIDENCE?

Golden Visa holders (including dependents) can apply for permanent residence if they have lived in Spain for 4 years and 2 months over a 5-year period.

CAN GOLDEN VISA HOLDERS APPLY FOR CITIZENSHIP?

Golden Visa holders will become eligible to apply for Spanish citizenship after a ten-year residence period residence, subject to meeting language and other requirements, i.e.:

  • Financial stability
  • No criminal record
  • Have a sufficient degree of integration into Spanish society

Citizens from Latin-American countries, Andorra, Equatorial Guinea, Philippines, Portugal and of Sephardi origin are eligible to apply for Spanish citizenship after a two-year residence period.