─── SPAIN ───
PROGRAM OVERVIEW
i SPAIN RESIDENCY LAW
In September 2013, Spain enacted Law 14/2013 to encourage entrepreneurship and attract international investment. This legislation allows non-EU citizens and their families to obtain a Spanish Residence Permit by making a qualifying real estate investment of over €500,000. The investment can be made either by an individual or a company fully owned by the individual, but financing through loans or mortgages is not permitted. The residency permit is granted on a permanent basis, with the requirement that the holder visits Spain annually to renew their permit and obtain the updated EU National Identity Card.
VISA-FREE TRAVEL FOR SPAIN GOLDEN VISA
The Spain residency permit allows visa-free travel to Europe including 29 countries in the Schengen zone.
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COUNTRIES
╸VIEW LIST
EUROPE
- Austria
Belgium
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Iceland
Italy
Latvia
Liechtenstein
Lithuania
Luxembourg
Malta
Monaco
Netherlands
Norway
Poland
Portugal
Romania
San Marino
Slovakia
Slovenia
Spain
Sweden
Switzerland
Vatican City
APPLICATION PROCESS AND TIMELINE
INITIAL CONSULTATION AND DOCUMENTATION GATHERING
- Consultation: The applicant contacts I VISA SERVICES for a consultation regarding
the Spain Golden Visa program.
- Requirements: I VISA SERVICES provides a list of documents required for the
application, including proof of funds, criminal record checks, health insurance, and
property ownership documents.
- Document Submission: The applicant gathers and submits the required documents to I VISA SERVICES
PROPERTY SEARCH AND INVESTMENT
- Property Search: I VISA SERVICES assists the applicant in finding eligible
properties for investment in Spain.
- Due Diligence: I VISA SERVICES conducts due diligence on selected properties to
ensure compliance with the Golden Visa requirements.
- Investment: The applicant finalizes the property purchase and transfers the necessary
funds
Golden Visa APPLICATION SUBMISSION
- Application Preparation: I VISA SERVICES prepares the Golden Visa package,
including all required forms and supporting documents.
- Submission: I VISA SERVICES submits the application to the relevant Spanish
authorities on behalf of the applicant.
- Follow-Up: I VISA SERVICES keeps the applicant informed about the progress of the
application and addresses any requests for additional information from the authorities.
eligbility requirments
REQUIRED DOCUMENTS
╸ Passport and Visa Requirements
- Certified copy of valid passport
- Schengen Visa
╸ Health Insurance Requirements
- International health insurance policy with hospitalisation and medical expenses coverage in a public hospital in Spain for the entire duration of your stay.
- Valid Medical Travel Insurance covering all Schengen countries valid for the duration the Schengen Visa.
╸ Additional Documents Requirements
- Original or certified copy of the birth certificate with an official translation in Spanish or English, attested by the Spanish Consulate. The applicants whose father’s name does not appear on their birth documents must submit a family address book.
- Flight Ticket Reservation to Spain (issuance not necessary)
- Proof of accommodation (Hotel, friends or relatives)
- Three (3) original passport-size photos
╸ Documents required only from the main applicant
Proof of Address:
- Provide an official Utility Bill with the residential address, officially tranlated in English or Spanish translation, legalised and apostilled with the Spanish Consulate of Residence.
Proof of Work and Income:
- Employment letter and Company ownership documents.
- Must confirm the applicant’s work address, type of work, and annual income translated to English or Spanish, and attested by the Spanish consulate
Bank Statements:
- Bank Statements for the last six months are required.
╸ If married couples are applying for a Spanish Golden Visa together, they need to provide the following documents
Marriage Documents
- Original or certified copy of marriage certificates with an official Greek or English translation and attested by the Spanish consulate.
Divorce Documents
FAQ
╸ How long does it take to get a Spain Golden Visa?
Normally, the processing time for a Spain Golden Visa application is around 2 to 3 months, but it could take up to 10 months in certain situations. Once the investment funds are available in a Spanish bank account, the residency visa application can be completed in as little as 10 to 15 days. Additionally, receiving the residence permit within 60 days of submitting a Spain Golden Visa application is feasible.
╸ Can I work in Spain with a Golden Visa?
Yes, the Spain Golden Visa permits an individual to both reside and work in Spain. Essentially, the Golden Visa is a residency permit provided to non-EU citizens who make a noteworthy investment in Spain, whether it be purchasing real estate, investing in a company, or generating employment opportunities. Not only does this permit the recipient to live and work in Spain, but it may also result in permanent residency and, ultimately, citizenship. Moreover, the program is versatile in terms of the family possibilities it provides, and there is no minimum stay prerequisite.
╸ Can I apply for Spanish citizenship after obtaining a Spain Golden Visa?
Yes, it is possible to apply for Spanish citizenship after obtaining a Spain Golden Visa. Golden Visa holders will become eligible to apply for Spanish citizenship after a ten-year residence period, subject to meeting language and other requirements, such as financial stability and no criminal record. After five years, it is possible to gain permanent residency, and after ten years, citizenship. The path to Spanish citizenship begins through the golden residence permit by investment program, and the investor can receive a residence permit within two months.
╸What are the language requirements for obtaining a Spain Golden Visa?
To obtain a Spain Golden Visa, there are no specific language requirements mentioned. The primary requirements include being over 18 years old, being a non-EU/EEA citizen, and making a qualifying investment in Spain. However, when submitting documents for the application, foreign documents must be translated into Spanish by an official translator. It is important to note that to apply for Spanish citizenship after ten years of residence, applicants must meet language and other requirements.
╸ What happens if the investment made for a Spain Golden Visa fails or loses value?
If the investment made for a Spain Golden Visa fails or loses value, it may affect the renewal of the residence permit. One of the common mistakes in the Golden Visa process is not maintaining the initial investment, which can lead to issues during the renewal of the residence permit. You may lose the residence permit if you liquidate your investment in Spain or fail to meet one of the investor requirements. Maintaining the asset throughout the Golden Visa is essential to ensure a smooth renewal process and avoid jeopardising your residence status in Spain.
╸ Can the investment be financed through a bank loan, or must it be paid in cash?
You cannot apply for a Spain Golden Visa if you acquire the money for the investment via a loan. The investment must be made using your funds, and the options include investing €500,000 in the property.