To be eligible for the Spain Golden Visa, individuals must meet government-set criteria, including investing in real estate, business projects, or government bonds, having a clean record, and having health insurance.
The Spain Golden Visa is open to individuals who meet specific criteria related to investment, residency, and legal requirements. Here’s a detailed overview of the eligibility criteria:
1. Non-EU/EEA Nationals
- Primary Eligibility: The Spain Golden Visa is designed for non-EU/EEA nationals. This means that applicants must be citizens of countries outside the European Union (EU) and the European Economic Area (EEA).
2. Qualifying Investment
- Real Estate Investment: To be eligible, applicants must invest at least €500,000 in Spanish real estate. This can be in residential, commercial, or a mix of both types of properties.
- Capital Investment: Alternatively, applicants can invest €1 million in shares of a Spanish company, a bank deposit in a Spanish financial institution, or €2 million in Spanish government bonds.
- Business Projects: Applicants can also qualify by investing in a business project that creates jobs, promotes scientific or technological innovation, or has significant socio-economic impact. The specific investment amount can vary, but the project must be approved by the Spanish government.
3. Financial Means
- Proof of Financial Stability: Applicants must demonstrate that they have sufficient financial means to support themselves and their families while living in Spain. This typically includes providing bank statements, proof of income, or other financial documentation.
4. Clean Criminal Record
- Background Check: Applicants must provide a clean criminal record certificate from their home country and any country where they have lived for more than six months in the past five years. This ensures that the applicant poses no security risk.
5. Health Insurance
- Private Health Insurance: Applicants and their family members must have private health insurance that provides comprehensive coverage in Spain. The insurance must be valid throughout the duration of their stay.
6. Age Requirement
- Legal Age: The primary applicant must be of legal age (18 years of age or older). There are no upper age limits for applying.
7. Family Members
- Inclusion of Family: The Golden Visa allows the primary applicant to include their spouse or partner, dependent children, and dependent parents in the application. Family members are eligible to receive residency permits along with the primary applicant.
8. No History of Visa Denials in Schengen Area
- Visa History: Applicants must not have been previously denied entry or a visa to any Schengen Area country. A history of visa denials could disqualify an applicant.
Summary
Eligibility for the Spain Golden Visa is open to non-EU/EEA nationals who meet the investment requirements, have sufficient financial means, maintain a clean criminal record, and hold valid health insurance. The visa also allows for the inclusion of family members. Applicants must not have been previously denied a Schengen visa. For more detailed information, consulting official Spanish immigration resources is advisable.