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Golden Visa: Investor visa in Spain

Are you a citizen of a country outside the European Union who wants to make a significant investment in Spain with the aim of settling there and becoming a resident?

At Loca Barcelona, we explain what the Golden Visa is, what the criteria are for applying for the Golden Visa in Spain and the advantages of obtaining this type of permit.

Find out more about the Golden Visa in Spain



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    What is the Golden Visa?

    The Golden Visa is a residence permit for investors, which allows you to work and live in Spain for 3 years, renewable for a further 5 years, provided you keep your initial investment.

    This type of investment of €500,000 or more is mainly in property, although there are other ways in Spain of obtaining residency. What’s more, with this permit you will be able to travel freely within the European Union.

    How can I invest in Spain to obtain residency on a Golden Visa?

    As mentioned above, there is more than one way to invest to obtain the investor visa in Spain. At Loca Barcelona, we focus on explaining how you should invest your money and the best way to do it in our opinion.

    To apply for the visa, you have the following options:

    • Acquire property totalling €500,000

    This is probably the option we recommend. Many foreigners buy several properties valued below this figure. The only condition for applying for a gold visa is that the sum of all your assets must be at least €500,000. We recommend that you visit our website to see the properties we have available in Barcelona.

    • Have a bank deposit valued at €1 million in a Spanish financial institution.
    • Acquire shares in Spanish companies, also valued at €1 million.
    • Make a minimum investment of €2 million in Spanish public debt.
    • Invest in a business development project that generates more jobs in Spain or stimulates the country's technological and socio-economic growth.

    Without a doubt, the first option mentioned above is the one we favour for obtaining an investor visa, but if you decide to buy a property, there is a very important factor to consider after the investment.

    Taxes to consider when buying a property

    It is important to be aware of the taxes you will have to pay when buying a property in order to obtain your gold visa. The most important of these are as follows:

    • Value added tax (VAT).
    • Property transfer tax in the case of second-hand properties.
    • Stamp duty (Impuesto de actos jurídicos documentados).

    There are ways of financing these expenses, such as renting one of your properties. At Loca Barcelona, we can help and advise you if you choose this option. We recommend that you visit our website to see the services we offer to homeowners.

    Conditions for obtaining a gold visa in Spain

    Applying for a residence visa for investors in Spain is, on the face of it, a quick and easy process. As mentioned above, one of the requirements is that you must not be a resident of the European Union, but what

    • You must be of legal age: over 18.
    • Demonstrate that you have sufficient capital to make the major investment mentioned below.
    • Make an investment of €500,000 or more and provide the document proving this.
    • You must not have had a criminal record in the last 5 years, either in Spain or in your current place of residence.
    • Have public or private insurance to provide full medical cover in Spain.

    Steps for applying for a Golden Visa in Spain

    There are two possible scenarios when applying for a residence visa for investors in Spain:

    Find out about the Golden Visa in Spain

    Do not hesitate to contact us if you have a question or would like to discuss your project.

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    Advantages of the Golden Visa in Spain

    There are many Golden Visa programs in the European Union, but we assure you that the application procedure in Spain is one of the easiest and quickest to manage. Golden Visa holders can benefit from the following benefits:

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    Authorization to stay in Spain

    With the Golden Visa in your pocket, you have the opportunity to live in Spain. This possibility is advantageous because it also allows you to work in the country, whether as a freelancer or as an employee.

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    Freedom to travel in the European Union

    The golden visa allows you not only to live in Spain, but also to travel freely within the Schengen area.

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    Share your rights and benefits with your family members

    The Golden Visa is not only useful for you, but also for your family members, who can enjoy everything this permit has to offer.

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    Obtaining Spanish nationality

    After 10 years with the Golden Visa, you can apply for Spanish nationality.

    FAQS

    Here are the documents you need to submit your application:

    • Valid extra-community passport.
    • Private medical insurance issued by a company operating in Spain.
    • Criminal record check in Spain to corroborate that the applicant does not have a criminal record.
    • Proof of the financial resources of the applicant and their family.
    • Documents attesting to the investment made.
    • In case of real estate investment, present the property registration certificate.

    There are two possible scenarios depending on where you applied for your golden visa:

    • If you entered Spain after applying for your golden visa at the Spanish consulate, you will have one year.
    • If you applied for your investor visa from Spain, you will have a 3-year residence permit and you can renew this permit for an additional 5 years.


    After 10 years of official residence in the Spanish state and keeping your assets, you will be ready to apply for nationality.

    The Golden Visa program in Spain is one of the fastest on the market. State officials are required to process each request within 20 days of receipt. In total, the estimated time to make the investment and obtain the residence permit in Spain is two to three months.

    You can apply for your Golden Visa in any city in Spain. To do this, simply visit any immigration office or police station. We recommend applying in Barcelona, as our real estate agency can advise you throughout the process.

    You must reach a minimum investment of 500,000 euros in real estate to apply for your Golden Visa. You do not have to invest this amount in a single property, you can spread the capital over several properties. The only thing to take into account is that the monetary sum of all your assets reaches the minimum amount set.

    You can renew your visa indefinitely as long as the conditions that allowed you to obtain it are maintained. You should know that after 10 years, you will be able to apply for nationality in the country where you requested it.

    Currently, the European Union countries that offer the Golden Visa are: Spain, Portugal, Greece, Italy, Malta and Cyprus.

    Find out more about the Golden Visa in Spain

    Please contact us if you have a query or would like to discuss your project.



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