Residence for investors. Spanish Golden Visa.
In this post we explain how investors can obtain their Visa in Spain.
Investor:
You can obtain a Golden Visa if you make a significant investment in Spain:
- Real estate assets (€ 500,000)
- Shares or bank deposits (€ 1 million)
- “Public debt” (€ 2 million)
They can also obtain the Golden Visa together with the investor:
- Investor’s Spouse or life partner
- Investor’s under age children
- Investor’s children of the fill legal age, who are still not married and economically depend on the investor
- Investor’s parents
- Parents of investor’s spouse
Benefits:
Once the investor (and his/her family) has obtained the Golden Visa:
- He can live and work in Spain
- He is able to freely travel across the EU thanks to the Schengen Agreement on the EU Countries
- He can obtain health card, driver’s license exchange and any other important documentation.
- He is not obliged to reside in Spain over 183 days. It is only required to visit Spain once during the period of residence.
Types:
1) Investor Visa
To obtain an Investor Visa it is required to invest, at least:
- 2 million Euros in “Public Debt” (sovereign Spanish debt)
- Or 1 million Euros by buying Spanish companies’ stock or in Spanish bank deposits.
Requirements:
As soon as the investment is done there is a 60 day deadline to request the visa.
- Application form
- Passport (original and photocopy)
- Proof of the investment:
- Spanish companies’ non-listed shares: Investment declaration statement previously submitted to the Foreign Investment Registry.
- Spanish companies’ listed shares: Certificate from the financial intermediary.
- Spanish sovereign debt (“Public Debt”): Certificate from the Spanish Central Bank or financial entity certifying sole ownership of the investment for at last 5 years.
- Bank deposits: It is needed a certificate from the financial entity ensuring sole deposit ownership.
The Investor Visa it only lasts 1 year. After it has expired you will need a Resident Visa, which grants a renewable 2 stay period. You can read more about Resident Visa through: https://www.reuterssolicitors.com/how-to-apply-for-residence-permit-in-spain/),
In order to obtain the Resident Visa is required to fulfill the following additional requirements:
- Application must be made by the end or within 90 days since the Investor Visa expiry date.
- Have visited Spain at least once during the previous Visa period.
- Must maintain the initial requirements for the Investor Visa.
- Tax and social security regulations observance.
2) Real Estate Visa
You can obtain the Real Estate Visa by investing, at least, € 500,000 in the acquisition of Real State in Spain. The investment of € 500,000 has to be free of charges, commissions and fees.
Requirements:
The investor must submit the following documents:
- Application form
- Passport (original and photocopy)
- Proof of the purchase: Certificate from the Land Registry. It will be also valid an original copy of the purchase deeds together with a proof of the submission of the deeds at the Land Registry.
NOTE: The certificate must be submitted before the end of 90 days since visa application submission.
The Real Estate Visa only lasts 1 year. After it has expired you will need a Resident Visa (you can read more through: https://www.reuterssolicitors.com/how-to-apply-for-residence-permit-in-spain/), which grants a renewable 2 year stay period.
In order to obtain this new Visa is required to fulfill the following additional requirements:
- Application must be made by the end or within 90 days since the Real Estate Visaexpiry date.
- Visit Spain at least once during the previous Visa
- Keep the initial requirements for the Real Estate Visa.
Our service includes:
- Official translationof documents
- Preparationof all documents required by law.
- Obtaining of the residence permitin Spain
- Processing of resident cardin the immigration office of Spain
- Consultation and detailed description of process
Cost:
The cost of residence permit for investors is € 3,000 + 21% IVA (Spanish VAT) for the main investor, and € 1,000 + 21% IVA (Spanish VAT) for each member of his/her family. These fees are applicable if family member applies the visa together with the main investor.
Official fees and official translations are included at the fees.
Payment method: 50% of the value to be paid at the time of the contract and 50% after the resident permit obtainment.
Reuters Solicitors is delighted to give you advice on the Visa process. Do not hesitate to contact us for a legal study of your case.
