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What are the procedures to obtain a golden visa?

New Life

Thanks for the question Christian, there is a very broad answer but we’ll try to get to the point. We recommend you contact us for further immigration advise nontheless.

If you’re a non-EU citizen dreaming of making Spain your new home, the Golden Visa program might be your golden ticket. This residency-by-investment initiative allows you to live, work, and study in Spain, with the possibility of eventually becoming a citizen. Here’s your comprehensive guide to securing a Golden Visa in Spain:

Eligibility Criteria for the Spain Golden Visa Before diving into the application process, ensure you meet these requirements:
·      Be at least 18 years old
·      Have a clean criminal record for the past five years
·      Possess private or public health insurance
·      Prove sufficient funds to support yourself without working in Spain
·      Not be rejected for residence in Spain or certain other countries
·      Not have specific illnesses listed in a 2005 regulation

Investment Options of Spain Golden Visa To qualify for a Golden Visa, you must make one of the following investments:
1.  Real Estate Investment: Purchase property worth €500,000 or more, which can be residential or commercial.
2.  Business Development: Invest €1 million to create jobs, contribute to innovation, or have a socio-economic impact.
3.  Capital Transfer: Invest €1 million in Spanish Government Bonds, shares in Spanish companies, or bank deposits in Spanish financial institutions.

Spain Golden Visa Application Process Here’s a step-by-step overview of the application process:
1.  Choose your preferred investment option.
2.  Prepare and submit your Schengen Visa application.
3.  Visit Spain to provide biometric data, typically taking about two months.
4.  Wait for the authorities’ decision, usually within 20 days.
5.  Once approved, obtain your Spain Golden Visa.

Required Documents for Golden Visa in Spain You’ll need the following documents, translated into Spanish and legalized, to apply for a residency visa:
1.  Valid passport with at least one-year validity
2.  Proof of sufficient funds
3.  Health insurance documentation
4.  Proof of your children’s schooling (if applicable)

Opening a Bank Account and the NIE Number Acquire a NIE (Número de Identificación de Extranjero) to handle financial and official matters in Spain. It’s essential for various activities, such as opening a bank account, paying taxes, and buying property. Non-EU citizens usually receive their NIE application alongside their Spanish residency.

Spain Golden Visa Renewal Process Your initial Golden Visa is valid for one year and can be extended for up to five years. After five years, you may apply for permanent residency if you meet specific requirements:
·      Maintain your investment
·      Spend at least one month in Spain annually
·      Continue to meet the visa requirements

Golden Visa for Spain Benefits
·      Travel Advantages: As an EU and Schengen member, Spain offers visa-free travel to various countries.
·      Education: The program includes your family’s residence, making it ideal for your children’s education.
·      Retirement: Spain is a popular retirement destination with numerous pension schemes.
FAQs About Golden Visa for Spain
·      What is a Golden Visa in Spain? It’s a residence visa for non-resident foreigners making significant capital investments.
·      Does it authorize free circulation in the Schengen area? Yes, it allows free travel within the Schengen countries.
·      Can I maintain tax residence outside Spain? Yes, as long as you spend less than 183 days in Spain annually.
·      Can I work with a Golden Visa? Yes, it authorizes both residence and work in Spain.

Spain Citizenship by Investment While the Golden Visa isn’t a direct path to citizenship, living in Spain for ten years and meeting specific criteria can make you eligible for Spanish citizenship. However, this may require renouncing your original citizenship.

In Conclusion Securing a Golden Visa in Spain opens doors to a vibrant and welcoming country. Whether you’re dreaming of buying a house in Spain or simply living here, this program offers a pathway to your Spanish adventure. Explore the possibilities and embrace the Spanish way of life.

We hope this helps!
A New Life team