HOW TO OBTAIN THE GOLDEN VISA

APPLYING FOR GOLDEN VISAS IN SPAIN

For a few years now, there has been a magnificent opportunity for non-EU citizens to apply for a residence permit for investors in Spain if they buy a property for a value of equal to or more than 500,000 euros or if they meet any of the other requirements that entitle them to the Golden Visa. Now it is no longer obligatory to apply at the Spanish Consulate in your country. You can apply in Madrid. Moreover, applicants will be able to directly obtain a residence card valid for two years and then another one valid for five years.

In order to apply for the residence card, the applicant must be in Spain legally as a tourist within the legal period that their visa allows.

THE APPLICANT MUST MEET THE FOLLOWING REQUIREMENTS

  • Buy one or various properties whose total value is equal to or more than 500,000 euros, or have a balance of 1,000,000 euros in a Spanish bank, buy shares in a Spanish company for a value of 1,000,000 euros, or incorporate a business that supposes the creation of jobs, among other possibilities.
  • Prove to have sufficient financial means for the investor and their family.
  • Take out medical insurance in Spain.
  • Present a police record certificate issued in their country of origin.
  • Marriage certificate, if they are also applying for their spouse.
  • Birth certificate for children, if any.

This type of residence permit does not require effective residence in Spain.

This residence card allows the applicant to work in Spain without the need to apply for any additional permit. They may work for someone (as a salaried employee) or for themselves (self-employed), with the only obligation of complying with the same legal requirements demanded of Spaniards. With this residence card they can travel to any Schengen country.

After two years, the applicant may obtain a new residence card valid for five years. In order to obtain said card, they must prove that they continue to comply with some of the requirements demanded to obtain the initial residence card.

APPLYING FOR A GOLDEN VISA AT THE SPANISH CONSULATE

Applicants who are in their home country can also apply for this type of investor’s residence permit at the Spanish Consulate in their country. The documents and requirements are exactly the same as those indicated above for the investor’s residence permit applied for in Madrid.

They will be given a residence visa valid for 365 days. With this visa they will be able to reside in Spain or visit as often as they wish. During their stay in Spain and before the expiry of the investor’s residence visa (or within 90 days of its expiry), the applicant must apply for the residence card in Madrid, which will be valid for two years, and subsequently may obtain another residence card valid for five years.

With this residence card they can travel to any Schengen country.