In Spain there are a variety of visas and residences to which interested persons can opt. If you are looking for what is the Golden visa in Spain you are interested in this article. One of them is the well-known Golden Visa, which is that visa for large investors. It is not an easy visa to get, however, it grants you the possibility of living in the country legally and permanently, as long as you continue to meet the requirements.
Today we will talk a little more about this type of visa, what are its requirements and how you can get it.
What is the Golden visa in Spain
What is the Golden Visa?
The Golden Visa is simply a residence permit that was born in 2013 thanks to Law 14/2013. This is intended to help foreign investors and entrepreneurs who wish to invest in Spain. As a consequence, this visa is granted to those individuals who make a significant capital investment in the country.
The amount established by law to be eligible for this visa is 500,000 euros in some property or other sector. That person who makes an investment of this type or more, may request a residence visa for both her family and himself.
This also represents a way to incentivize those who wish to invest in the country. It is not an easy visa to obtain mainly due to the high amount that the person must invest.
What is the Golden visa in Spain
Golden visa Spain requirements
Among the main requirements necessary to opt for this visa we have the following:
- Invest no less than 500,000 euros in a property or within the country.
- The investment cannot come from any credit or loan, this includes mortgages. The investment must be made out of the pocket of the person who opts for the visa.
- Not having a criminal record in the country of origin.
- If you emigrate with relatives, it is necessary to prove your affiliation with them.
- The person must be a non-resident foreigner of any other country of the European Union.
These are the basic requirements necessary to be a candidate for a Golden Visa for foreign investors.
What is the Golden visa in Spain
Can this visa be lost or revoked?
Yes, there are several reasons why this visa can be revoked, one of the main causes is that of not maintaining the investment. The visa is delivered for a period of 5 years, once it expires, the person must demonstrate that their conditions have not changed. This means that he must keep the investment for as long as he plans to live in the country.
atresr Economists Lawyers
What is the Golden visa in Spain
How to get it?
In addition to meeting the requirements, it is necessary for the person to carry out some legal procedures. That is, the first step will be to validate that the property in question belongs to the person and that the investment is large enough to opt for this type of visa.
This can be a long and complex process that can take weeks or months. However, each of the steps is extremely necessary and must be completed correctly to avoid delays.
Ideally, you should hire a lawyer or a team of lawyers to advise you and accompany you throughout the process. This is essential to streamline the entire visa process as much as possible.
We are experts in the subject of immigration and investments, so we can offer you the necessary advice in Mallorca or Madrid. Our expert team can help you get the Golden Visa in the shortest time possible.
Information from the Ministry of Foreign Affairs regarding Residence Visa for Acquisition of Real Estate in Spain for any questions or queries you can contact with us.