All about the Golden Visa or Investor Visa in Spain

The Golden Visa, also known as the Investor Visa in Spain, is a residence program designed to attract foreign investment to Spain. This program offers non-European Union citizens the opportunity to obtain legal residence in Spain in exchange for making a significant investment in the country.

To obtain a Golden Visa, investors must meet certain requirements and make one of the following investments in the country:

1. Purchase real estate: Investors must acquire properties in Spain with a minimum established value. This investment can include residential properties, commercial premises, land, or real estate projects.
   
   
2. Invest in financial assets: Investors can choose to invest in Spanish government bonds, shares of Spanish companies, or investment funds.
   
   
3. Undertake a business project: Investors can establish a company in Spain and demonstrate that their project has a significant impact in terms of job creation, innovation, or contribution to the economy.
   

The investment allows applicants to obtain residency in Spain and access to the Schengen Area. The Golden Visa has additional conditions, including maintaining the investment for a minimum period and meeting security requirements.

Who Can Obtain It?

The Golden Visa is available to those who make a real estate investment of €500,000 or more, free of financial encumbrances. Other financial or business investments can also be considered. This authorization allows investors and their families to live and work in Spain.

Application Process and Renewal Requirements

To apply for the investor authorization:

1. Acquire properties worth €500,000 or more.
   
   
2. Submit documentation, including the deed of sale and the property registry certificate.
   
   
3. Apply from abroad at the Spanish Consulate or from within Spain through the Large Business Unit.
   
   

4. Authorization renewal is done after 2 years and has a duration of 5 years. It requires:

• Demonstrating sufficient financial means.
• Maintaining the initial investment.
• Having valid medical insurance.
• Financial Resources and Health Insurance
  

Having financial resources equivalent to 400% of the IPREM for the principal holder and 100% for each family member is required. These resources must be available for both the principal holder and any family members intended to be regrouped. Additionally, it is mandatory to have medical insurance with coverage similar to social security throughout the stay in Spain, renewing it when necessary.

The Golden Visa in Spain attracts foreign investors through real estate, financial, or business investments. It allows obtaining residency and access to the Schengen Area. The application and renewal process involves meeting financial requirements, investments, and medical insurance. Seeking legal advice is essential to fully understand the requirements and benefits of this program.