This program allows non-EU citizens to obtain residency through investments in real estate, businesses, or government bonds, ideal for those relocating for work or business.
Yes, Spain Golden Visa holders can work in Spain. Here’s a detailed explanation:
1. Work Authorization
- Automatic Right to Work: The Spain Golden Visa grants the holder and their family members the automatic right to live and work in Spain. This means that Golden Visa holders do not need to apply for a separate work permit to be employed in Spain or to start their own business.
- Types of Employment: Golden Visa holders can engage in any type of employment, including full-time jobs, part-time work, freelance opportunities, or self-employment. There are no restrictions on the sectors or types of work they can pursue.
2. Family Members
- Spouse and Dependents: The right to work also extends to the Golden Visa holder’s spouse and eligible dependent family members. This allows the entire family to legally work in Spain, making the Golden Visa an attractive option for families seeking to relocate to Spain.
3. Starting a Business
- Entrepreneurial Activities: Golden Visa holders are free to start their own businesses in Spain. They can establish a company, invest in existing businesses, or engage in other entrepreneurial activities without needing additional permits.
- Business Incentives: Spain offers various incentives for entrepreneurs, including support programs for startups, making it an appealing environment for those looking to launch new ventures.
4. Tax Considerations
- Tax Residency: If Golden Visa holders decide to work and live in Spain for more than 183 days in a year, they will likely be considered tax residents. This means they will be subject to Spanish taxes on their worldwide income. Therefore, it's crucial to consider the tax implications of working in Spain and possibly consult with a tax advisor.
Summary
Spain Golden Visa holders have the right to work in Spain without needing a separate work permit. This right extends to the visa holder's family members, and they can engage in any type of employment or start their own business. However, tax residency considerations should be taken into account for those planning to work and reside in Spain long-term. For more detailed guidance, consulting official Spanish immigration websites and legal advisors is recommended.