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GOLDEN VISA IN SPAIN .-GUIDE COMPLETE 2024

feb 07, 2024

GOLDEN VISA IN SPAIN

 RESIDENCE OF INVESTORS IN SPAIN



The Spanish Government launched the Golden Visa Spain program in September 2013, a law to encourage foreigners to invest in Spain for residential purposes and since then, Levantia Abogados has helped many investors come to Spain thanks to this special residence permit. being lawyers specializing in this matter.



An investment of €500,000 in Spain will give you and your immediate family the necessary permits to live and work in Spain.


  • What are the requirements to obtain the Golden Visa?

    1The option with the lowest investment required is to invest 500,000 euros in Spanish properties, for example, in one or more apartments, houses, land, vehicle parking or offices.


    2.- An initial investment for a value equal to or greater than €2,000,000 in Spanish public debt securities,


    3-Investment equal to or greater than €1,000,000 in shares or social participations of Spanish companies, or bank deposits in Spanish financial institutions.


    4.- A business project that is going to be developed in Spain and that is considered and accredited as being of general interest, for which compliance with at least one of the following conditions will be assessed:


    1. Creation of jobs.


    2. Making an investment with a significant socioeconomic impact in the geographical area in which the activity will be carried out.


    3. Relevant contribution to scientific and/or technological innovation.


     


     

    The investment must be done correctly, and you must not have a criminal record. If you meet all of these criteria, we can guarantee you the Golden Visa for your family.

  • Can I bring my family to Spain with the Golden Visa?

    Yes, the investor can bring his or her spouse and children under 18 years of age, as well as children over 18 and their parents, as long as they are financially dependent on the investor.


    Visas for family members are identical to that of the investor and can be obtained at the same time or later, depending on what is most convenient for the applicants.

  • Can I work in Spain with my Golden Visa?

    Yes, the Golden Visa automatically grants a work permit to the visa holder and their immediate family members.


  • Does the Golden Visa make it easier to visit other European countries?

    Yes, a Golden Visa works like a tourist visa for the rest of the countries it belongs to.

    in the Schengen area.


    This means that a holder of a Golden Visa has the right to

    stay in Spain for an unlimited period of time and, also, in the Schengen area

    for 90 days within each 180-day period

  • Can the Golden Visa be used to become a long-term resident or citizen?

    Yes, if you live in Spain with the Golden Visa, after five years of effective residence you can become

    as a long-term resident and obtain a residence permit valid for periods

    of five years.


    The main effect is that the investment no longer must be held to maintain resident status.

    Having a long-term residence permit, there is also the possibility of requesting a change of residence to another EU country.


    If the investor lives in Spain, he or she can obtain Spanish nationality after 10 years, with the

    right to a Spanish passport included.

    Latin American citizens and citizens of some other countries can apply for nationality after 2 years of residence.


    The option to apply for nationality applies only to investors who actually live in

    Spain.

    Investors who come to Spain alone

    occasionally with their Golden Visa they are not eligible for nationality

  • What are the differences between a Golden Visa and other residence permits?

    The Golden Visa differs radically from traditional Spanish residence permits in

    various aspects:


    a) The renewal of the Golden Visa does not require a minimum stay in Spain.


    b) The application procedure for a Golden Visa is easy and fast. If the investment is made

    minimum and the applicant does not have any criminal record, the visa practically

    is always granted, provided the application has been properly prepared and submitted.


    c) The Golden Visa includes a work permit, the holder is granted the right to work in Spain with the right to reside in Spain


    d) The Golden Visa allows the investor to bring their closest family.

  • Can the purchase be made by a company or just a natural person?

    In the case of the Golden Visa, the purchase can be made by a natural person or through a legal entity (as long as it is not domiciled in a tax haven) that is 100% owned by a natural person but, in any case, the Payment must be made in full and without any type of charge up to 500,000 euros (without using a bank loan or mortgage).

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  • Will I be able to sell the properties at some point?

    Once long-term residence is obtained, it is no longer necessary to maintain the investment amount.

THE GOLDEN VISA THROUGH REAL ESTATE INVESTMENT


RECENTLY, FINANCIAL CONDITIONS HAVE PROVIDED OPPORTUNITIES TO INVESTORS IN FIRST CLASS PROPERTIES WITH INCREASINGLY ATTRACTIVE YIELD, PERFECT FOR THE GOLDEN VISA IN SPAIN.




COMMERCIAL AND TIMELY LEGAL ADVICE IS INCREASINGLY MORE IMPORTANT TO ENSURE THAT THOSE OPPORTUNITIES ARE TAKE ADVANTAGE AND DEVELOPMENT, trust in an expert and professional team, at Levantia Abogados we are experts in the processing of GOLDEN VISA for Alicante and the entire national territory. Hundreds of favorable resolutions support us.



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