There are many questions that are still being asked when it comes to acquiring the Golden Visa and this article will answer them.
In order to boost the Spanish economy and support the creation of new jobs, the Golden Visa in Spain was born. The year 2013 was the starting signal for people who wanted to have a second home in Spain and invest in property. Thus, over time, the Spain Golden visa permit for investors has become one of the best ways to start a second life in a country full of culture, gastronomy and good weather.
But, is this type of visa for everyone? What benefits do I have if they accept it? What can I do with it once I am in Spain? There are many questions that are still being asked when it comes to acquiring the Golden Visa and this article will answer them.
The profile of the applicant: Golden Visa requirements
Obtaining the Golden Visa is an easy path if you are well advised by lawyers such as Pellicer & Heredia, since in order to apply for it you will have to meet a series of requirements that have nothing to do with investment.
Thus, one of the most important and key ones is that the applicant must be over 18 years old. In addition, you must have medical insurance, either public or private, from a company that is authorized to operate in Spain.
It should be noted that a significant reimbursement is required, as you must have sufficient financial means to cover both personal and family expenses.
To obtain it you have to have a quite specific profile: investor, entrepreneur, highly qualified professional, researcher or a worker who has moved from the same company.
Last but not least, the person applying must have a criminal record in Spain and in their country of origin for the last 5 years, must not have stayed illegally in Spanish territory and must not have been refused entry into any of the countries that form part of the
"I have already been granted it: What can I invest in
As we have already commented, the Golden Visa was born with the purpose of obtaining a residence permit in Spain through an investment, which is why it has also been called an investor visa.
In this way, the programme allows for different types of investments:
The first case that can be given is to invest a minimum of 500,000 € in Spanish Real Estate, without mortgage, the purpose of which is the promotion of movable investment.
The applicant may also invest 2 million in Spanish public debt and 1 million in shares in Spanish companies.
The investor can also deposit 1 million euros in a Spanish bank account, or start a business project in the country that generates employment and contributes to technological innovation or has a socio-economic impact in Spain.
A visa with many benefits
Congratulations! You now have the Golden Visa. But what can you benefit from? This programme requires a very specific situation, as you have seen, but the benefits are remarkable.
Having a Golden Visa in your hands means being able to enter the entire Shengen area. In addition, you will be able to start this new stage accompanied, as it allows you to apply for permission for your partner, spouse, children and people who are economically dependent on you.
If you cannot stay in Spain for long periods, do not worry. With this visa you only have to visit Spain once a year to maintain it. In addition, you get the right to work as an entrepreneur or self-employed once you have obtained the 2-year permit.
Once the two-year permit has expired, you will be able to renew the permit for 5 years, as long as the same conditions are maintained. And, after ten years, you will have the option to apply for Spanish citizenship.
