Spain Golden Visa is a popular way for non-EU citizens to obtain a residence permit in Spain. It is a type of visa that allows the holder and their family members to live and work in Spain for at least one year. After that, it can be renewed for another two years, and then for five years. After five years of living in Spain, the holder of the visa can apply for permanent residency and eventually Spanish citizenship. In this article, we will discuss the requirements for Spain Golden Visa and how to get one.
Who is Eligible for Spain Golden Visa?
To be eligible for Spain Golden Visa, you must:
- Be a non-EU citizen
- Be at least 18 years old
- Have no criminal record
- Have public or private health insurance in Spain
- Have sufficient financial means to support yourself and your family members
What is the Minimum Investment Required?
The most common and easiest way to obtain Spain Golden Visa is through investment. There are several ways to invest in Spain to get this visa:
- Invest at least €500,000 in real estate property
- Invest at least €1 million in shares of Spanish companies or deposit the same amount in Spanish bank
- Invest at least €2 million in Spanish government bonds
- Invest at least €1 million in a Spanish investment fund
The investment must be made with funds from outside Spain and must be held for at least five years. The investment can be made individually or through a company owned by the visa holder.
What are the Other Requirements?
Apart from the investment, there are other requirements that you must fulfill:
- Have a valid passport or travel document
- Provide a certificate of no criminal record from your home country and any country you have lived in for the past five years
- Provide a medical certificate issued by a recognized doctor in Spain
- Provide proof of public or private health insurance in Spain
- Pay the visa application fee
How to Apply for Spain Golden Visa?
You can apply for Spain Golden Visa at the Spanish consulate in your home country or at the immigration office in Spain. The application must be submitted in person along with all the required documents. The processing time for the visa is usually around 20 days.
Once the visa is approved, you can enter Spain and obtain your residence permit. You must then visit the immigration office in Spain to apply for your ID card within 30 days of arrival.
Conclusion
Spain Golden Visa is a great opportunity for non-EU citizens to obtain a residence permit in Spain. The minimum investment required is quite high, but it can be a great investment opportunity as well. If you are interested in getting Spain Golden Visa, make sure to fulfill all the requirements and apply for it at the earliest.
If you have any doubts or questions regarding Spain Golden Visa, feel free to contact us. We will be happy to assist you.