Introduction
The Spanish Golden Visa program is more than just a visa; it is a gateway to a life of luxury and convenience on the beautiful Costa del Sol. Since its launch in 2013, it has been a magnetic attraction for investors outside the EU. In this article, we discuss the ins and outs, the pros and cons, and the procedure to obtain the Golden Visa.
What exactly is the Spanish Golden Visa?
The Spanish Golden Visa is a special type of residence permit aimed at non-EU citizens who invest a minimum of €500,000 in Spanish real estate. It allows investors and their families to live, work and travel freely in Spain within the Schengen area.
Why is it so popular?
The popularity of the Golden Visa can be attributed to several factors:
- Lifestyle: Spain, especially the Costa del Sol, offers an excellent quality of life, with beautiful weather, fantastic beaches and a rich culture.
- Investment opportunities: The Spanish real estate market is an attractive option for investors.
- Flexibility: There is no obligation to live permanently in Spain.
Who can apply?
- Nationality: Non-EU citizens only.
- Age: Minimum 18 years old.
- Financial Stability: Demonstrating that one has sufficient resources to live in Spain.
- No Criminal Record: A clean criminal record is required.
- Schengen zone: No previous refusal of entry into the Schengen zone.
Investment requirements
- Minimum investment: €500,000 in real estate.
- Property Types: The investment can be spread across multiple properties.
- Additional costs: The investment of €500,000 does not cover notary, registration and tax costs, which are usually between 10-12% of the purchase price.
How the application process works
- Preparatory Phase: Consult a specialized lawyer to guide you through the process.
- Purchase of Property: Find and purchase one or more properties with a total value of at least €500,000.
- Documentation: Collect all required documents such as proof of investment, health insurance, etc.
- Application: Submit the application to the competent Spanish authorities, either in Spain itself or at a consulate in your home country.
What do you get in return?
- Residence permit: First a one-year visa, then a residence permit that can be renewed every five years.
- Possibility to work: Since the 2015 amendments, it is possible to work in Spain.
- Family Included: The application is not only for you, but also for your dependent family members.
Conclusion
The Spanish Golden Visa is an incredible opportunity for those who want to enjoy the beautiful lifestyle on the Costa del Sol while investing in a solid real estate market. It is more than just an investment; it is an investment in your future and that of your family.
