The Golden Visa for Spain, also known by the Spain Investor visa, is an entry permit for non-EU citizens who have made an investment of significant value in Spain for example, like buying real property, invest in a business or create job opportunities.
Who is eligible to apply for a Golden Visa Spain?
You are eligible to apply for the Spain Golden Visa if you meet the following requirements:
You can prove that you have completed an investment choice.
You are above 18, but not yet 18.
Health insurance is valid in Spain.
You’re financially able to support yourself and your family members.
You have a criminal record in any of the locations you’ve lived.
You’re not on Spain’s list of people to avoid.
There are no Schengen Visas.
If you are eligible you can find lawyers and Golden Visa experts who are ready to help and guide you through the entire procedure of getting the Golden visa to Spain.
What is the best time and place to apply to get The Golden Visa to Spain?
It is recommended to begin the process of applying after having made the necessary amount of funds in Spain. You must be committed to the purchase, however, it isn’t required to be completed. The deadline for you to apply for is three months prior to the date you plan to travel to Spain.
You could apply for an Spanish Golden visa through your home country by submitting your application to the Spanish consulate or embassy. It is also possible to file an application for a visa to Spain in the event that you are with a long-stay visa.
Documents to submit when applying for the Spain Golden Visa
The documents you must provide to support your application include:
The Spanish long-stay Visa application form.
Two Spain passport photos.
Your valid passport. It has to be valid for the last 10 years.
Documentation of the country of residence.
Documentation of investment. Documents that prove the nature and value of your investment, as well as the source of your investment.
Residency Visas to Acquire of Real Estate:
Certificate containing the information about the tax and dominion from the Land Registry, which corresponds to the property that was purchased.
Residence Visas are required for Capital Investors:
A copy of the statement of investment filed with the Registry of Foreign Investments of the Ministry of Economy and Competitiveness for investments in company shares or shares that are not listed.
Certificate of a financial intermediary properly registered with the National Commission of the Stock Market or the Bank of Spain in case of investing in shares listed on the stock market.
A document issued by the financial institution or the Bank of Spain, if the investment is in bonds issued by the government.
For an investment in a bank account an official certificate issued by an institution of finance.
Police Clearance. The document must be submitted in its original form, with photocopies and translations. It should not be older than 90 days as of the time of applying.
Evidence that you have enough economic resources to provide for yourself and your family members while you are living in Spain.
Medical Insurance purchased from an authorized Spanish supplier.
A medical certificatethat proves that you are not suffering from any illness that could pose risks for public health.
How do I apply for an Spain Golden Visa?
In order to apply for the Golden Visa for Spain you need to follow these steps:
Choose one of the eligible investment choices. It is possible that you will need to visit Spain using an ordinary Spain Visa at this point to complete your investment.
Apply for an application for a Golden Visa. The application must be submitted at the closest Spanish Embassy within 3 months of investing. You may apply on your own or through a representative of a legal entity.
Send the application along with the file for the document.
You must obtain your residence permit. After you have received the Spain Golden Visa and you must go to Spain to exchange the visa to obtain the Residence Permit and provide your biometric data.
What are the benefits of the Spanish Golden Visa?
The advantages that result from this Spanish Golden Visa are:
Your family members and you are granted Residence Permits which allow you to reside in Spain.
Your family members and you are able to travel to all Schengen Zone countries visa-free for upto 90 days within a 180-day period.
There is no requirement to be a resident of Spain in order to renew your Golden Visa.
If you are a resident of Spain then you are eligible to become permanent residents after five years.
You are eligible to make an application for Spanish citizenship after ten years of residency.
Your family members and you are able to benefit from the Spanish health and education system.
Can I bring family members Along?
You may include your family members on your application , too:
Your spouse
Your minor children who are not married (under 18) and any adult children that are dependent.
Parents who are dependent on their elderly parents.
How long can I stay in Spain with the Golden Visa?
It is the Spain Golden visa is initially valid for a year. After that, you are able to request to convert your visa to an investor’s residence permit and obtain a two-year in-valid residence permits.
For How Long is the Residence Permit granted?
The Residence Permit you get through investment is valid for two years. It is then possible to renew it for a period of two years indefinitely so long as you’ve kept the investment (in other terms, so long as you own the property you purchased).
If you decide to move to Spain and you are able to do so after 5 years within Spain using a 2-year Residence Permit You can apply for a permanent Residence Permit.
For How Long is The Spanish Golden Visa Residence Permit Given?
The Residence Permit that you get through The Golden Visa is valid for two years. It is then possible to renew it for a period of two years indefinitely so long as you’ve kept the purchase (in other words, so long as you own the property you purchased).
If you decide to move to Spain and you are able to do so after 5 years in Spain with two-year Residence Permit You can apply for a permanent Residence Permit.
What is the Maximum Time I Can Expect to stay in Spain to renew my Residence Permit?
There aren’t any requirements for staying for renewing the Golden Visa Residence Permit. It is only necessary to go to Spain in order to renew your application.
If you plan in applying for permanent residency then you have to reside within Spain for at least five years with no interruption (at minimum six months each year). If you are ever planning applying for Spanish citizenship, then you must reside in Spain for at least 10 years.
Can I lose my Residence Permit?
If you are unable to demonstrate that you have kept the investment you made in Spain and you fail to prove it, you’ll be denied the Golden Visa Residence Permit. For instance, if you decide to sell your home or sell your stake.
Spain Residency through the Real Estate (Buying A Home)
The most popular investment option to obtain Spanish residency is to buy properties worth at least EUR500,000. It could be a single unit or a number of units that total to half a million.
You must prove that you own the property or property by submitting a certificate that is issued by the Spanish Land Registry, which specifies the amount of purchase.
Permanent Residence in Spain
If your first residence permit is set expire, you may apply for a renewal. You will be granted another five years in Spain and continue to apply for renewal of the residence permit, provided you meet the requirements of your initial application.
In Getting Spain Citizenship through investing
The Spanish Golden Visa leads to the possibility of Spanish citizenship more than any other visa, which is why it is called Spain Citizenship by Investment. It is possible to obtain Spanish passports after 10 years of living in Spain by obtaining the Golden Visa, given that you meet the followingrequirements:
You’ve been in Spain for at least 183 days each yearfor 10 years.
You can speak Spanish at a minimum of the basic levels.
You are familiar with the basics of Spanish culture and history.
There are no criminal convictions or outstanding debts in Spain.
Do nationals from former Spanish Colonies Get Citizenship Quicker?
If you’re from an earlier Spanish colony (one of the following countries) You can obtain Spanish citizenship as fast as two years of residency instead of ten years:
Argentina
Bolivia
Chile
Colombia
Costa Rica
Cuba
Dominican Republic
Ecuador
El Salvador
Guatemala
Honduras
Mexico
Panama
Paraguay
Peru
Philippines
Venezuela
If you’re from one of these countriesand receive the Golden Visa, then you could become an Spanish citizen in two years, provided you’ve traveled to Spain at minimum eight times during that time.
Can I use a mortgage to get an Spanish Golden Visa?
You will not be eligible for the Golden Visa if you use a mortgage to finance an investment property in Spain or at the very least, not in the minimum amount. You must pay at least EUR500,000 in full using your own money, however, for any amount that is greater than the amount, you might be eligible to apply for the mortgage or finance.
Can I travel in Europe with the help of a Spanish Golden Visa?
Yes you can. A Spain Golden Visa allows you and your family members to travel within the Schengen Zone visa-free for up to 90 days in the 180-day timeframe. However, countries outside of Schengen Europe have specific visa requirements for their citizens and therefore traveling for free isn’t always guaranteed.
Do I need Health Insurance Protection for Spain?
Yes, it’s an essential requirement in the Golden Visa application process to get health insurance. Your family members and you should have health insurance valid even if you do not intend to reside in Spain in any way.
What kind of health insurance Should I Get In Spain?
Residents of Spain can avail health insurance coverage through the public system. To avail of the Spanish public health system expats must work and be tax-paying in Spain since it is funded by tax payers.
If you are a holder of an Golden Visa, and you don’t intend to reside in Spain then you’ll need to purchase private health insurance with an organization that is permitted to conduct business in Spain. If you plan to live in Spain with taxes to pay, then you and your family members are able to benefit from the health system.
Spain Gold Visa and Taxes
If you’re not a full-time resident of Spain and you are not a full-time resident, then you are not required to pay tax on income. The term “resident” is used only if you reside there longer than 50% of of the year (more than the 183-day limit).
But, regardless of your residency status, if you have bought a home in Spain it is still required to pay taxes applicable like rent and municipal taxes.
If you’re not a full-time residentof Spain, you must pay 24.75 percent of rental income , or any other income earned in Spain.
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