The spain golden visa is a residence permit for non-EU citizens who make a significant investment in the country. This investment typically includes buying real estate, but the Spanish government can also award the visa to people who invest money into a company operating in Spain. The visa offers the holder and their family residency in Spain, as well as visa-free access to all of Europe’s Schengen Zone countries. The government launched the program in 2013 to help dig itself out of the hole it found itself in during the economic crisis.
The program is designed for investors with at least EUR500,000 to invest, although the minimum investment required can be less than this amount. The visa is valid for two years, and it can be renewed every two years. The holder can also apply for permanent residency after five years, and after another ten years, they can obtain citizenship.
In order to qualify for the golden visa, you must own at least EUR500,000 worth of real estate in Spain. This property must be your primary residence, and it must be registered in your name. You can use loans and financing to buy the property, but you must own the majority of it in order to qualify. You cannot purchase the property through a trust or company, and you must not lease it.
Other investments can also be made to qualify for the visa, including acquiring shares of Spanish companies and making a deposit in a Spanish financial institution. The government also encourages investments in start-ups that have the potential to create jobs and contribute to scientific and technological development. However, these kinds of investments are generally more complicated to manage and require a higher level of expertise than simply buying real estate.
You must make the investment within three months of applying for the visa, and you must be prepared to spend at least EUR500,000 on your investment. You must also provide proof that you have enough funds to cover your expenses in Spain, as well as proof of health insurance purchased from a Spanish provider. You must also submit a police clearance certificate and a medical report that confirms you do not have any disease or illness that could pose a risk to public health.
After submitting your investment and meeting all other requirements, you can expect to receive your visa in about 20 business days. This makes the process one of the fastest in the world. In addition to this, the visa holder and their family will be granted visa-free access to all of Europe’s top countries.
As a result, the spain golden visa is becoming increasingly popular among investors looking to diversify their assets and expand their international reach. It can be a great option for those who are looking to live a better lifestyle in a beautiful country with a stable economy and a rich history of culture. With its affordable property prices, excellent education system, and diverse employment opportunities, it is no wonder that so many people are considering the spain golden visa as a way to improve their lives.