The Spain Golden Visa offers non-EU citizens residency in Spain through significant investments, attracting foreign investors since 2013.
The Spain Golden Visa is a residency-by-investment program introduced by the Spanish government in 2013. It allows non-European Union (EU) and non-European Economic Area (EEA) nationals to obtain residency in Spain by making a qualifying investment in the country. The program is designed to attract foreign investment and offers several benefits to investors and their families.
Key Features of the Spain Golden Visa:
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Investment Options:
- Real Estate Investment: Applicants can qualify by investing a minimum of €500,000 in Spanish real estate. This is the most popular option and can include residential, commercial, or a combination of property types.
- Capital Investment: Alternatively, an investment of €1 million in shares of a Spanish company, a bank deposit in a Spanish financial institution, or €2 million in Spanish government bonds can also qualify.
- Business Projects: Investment in a business that creates jobs, fosters innovation, or contributes to the Spanish economy in a significant way may also qualify, although this option requires government approval.
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Residency and Travel Benefits:
- Residency: The Golden Visa grants residency rights to the investor and their immediate family, including the spouse, children, and dependent parents. The visa is initially valid for one year and can be renewed every two years, provided the investment is maintained.
- Schengen Area Travel: Visa holders can travel freely within the Schengen Area, which includes 27 European countries, for up to 90 days within any 180-day period without the need for additional visas.
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Pathway to Permanent Residency and Citizenship:
- Permanent Residency: After five years of holding the Golden Visa and maintaining the investment, visa holders can apply for permanent residency in Spain. Permanent residency allows for an indefinite stay and work in Spain without the need for further visa renewals.
- Citizenship: After ten years of residency, including the years as a Golden Visa holder, individuals may apply for Spanish citizenship, provided they meet the residency and other legal requirements, such as language proficiency and cultural integration.
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Minimal Residency Requirements:
- Flexible Residency: Unlike other residency programs, the Spain Golden Visa does not require full-time residence in Spain. Visa holders must visit Spain at least once per year to maintain their residency status, making it an attractive option for investors who want flexibility.
Summary
The Spain Golden Visa is a residency-by-investment program that offers non-EU/EEA nationals the opportunity to obtain Spanish residency through various investment options. It provides significant benefits, including the right to live, work, and study in Spain, visa-free travel within the Schengen Area, and a pathway to permanent residency and citizenship. The program is particularly attractive due to its flexible residency requirements and the ability to include family members.