Get an Golden Visa in Spain
Our lawyers can help with the Golden Visa process in Spain.
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To request a free consultation case, please provide us with your contact details below and we will contact you via email or phone.
Golden Visa in Spain with Max Agazzi
“The Golden Visa in Spain is for those who want to make a big investment in Spain.
- Benefits and Process of the Golden Visa
- Investment Requirements to meet
What is the Spanish Golden Visa?
The Golden Visa is the residence permit for Spain with the most benefits and the simplest procedure. With this visa, you and your family can work in Spain straight away.
To do so, you must invest:
- at least €500,000 in purchasing real estate, net of taxes or charges
- deposit €1 million in a Spanish bank account
- purchase €1 million in stocks of Spanish companies
- Deposit €2 million in Spanish public debt
How to obtain a Golden Visa?
There are two ways to apply for a Golden Visa. You can do it from Spain, or from your country of legal residence with the local Consulate. They will grant a one-year residence visa and you can extend this after arriving in Spain.
You can also apply during a 90-day stay as a tourist. In this case, you can apply directly for the residence permit and receive a two-year investor visa.
Applicants, who will need to be non–EU residents, are required to have:
- A clean criminal record
- Sufficient funds and healthcare to cover their stay
- No previous Schengen visa refusals
Golden Visa by Investing in Real estate
This is the most common case to get the Golden Visa, purchasing a property in Spain. For this approach, you must invest at least €500,000 in one or more properties. The investment cannot include taxes, fees or a mortgage.
The general procedures is as follows:
- Tax and Budget Planning: Taxes and fees are mostly paid by the buyer and vary from region to region. They typically include the following:
- Property transfer tax of 6% to 10% for an existing property or a 10% VAT, or IVA, for new properties
- Notary costs, title deed tax and land registration fee of 1% to 2.5%
- Legal fees of around 1% to 2%, inclusive of VAT
- Obtain a NIE: Get your foreign ID card from the Spanish administration.
- Search for properties in Spain: Our Real Estate lawyers can help you identify the right property for you and ensure that you use reliable and trusted online portals.
- Reservation agreement and Letter of Intent: Our lawyers will draft a “Letter of Intent” for purchasing a property and guide you through the reservation agreement and any subsequent negotiations before signing a deal.
- Payment of fees: Settle any applicable Property Transfer Taxes or VAT, and update the Land Registry.
Our team of Real Estate lawyers can assist you with the process of purchasing a property, in person or remotely.
What Else do I Need to Know?
After buying the property, the process to complete the visa takes around four months. It goes as follows:
– Get the right paperwork: two to five weeks
– Submit the application and wait for approval: 20 days
– Collect the residence card from the police station: six to eight weeks
The applicant will also need to show that they can financially support their lifestyle.
The main applicant will need to show that they have €27,792.96 annually. This amount increases by €6,948.24 per year for each family member who moves with the main applicant. Typically, this can be proved by showing bank statements or a bank certificate.
Benefits of the Golden Visa
Although this program has very rigorous requirements, the advantages of having a Spanish residence are quite extraordinary. Having a Golden Visa for Spain means:
- It grants you entry into the EU (Schengen area).
- You can apply for the same permit for your spouse or partner, minor children or of legal age, whom -financially depend on you, including also dependants in the ascending line.
- To keep your permit valid, you simply need to travel to Spain once a year; even then, staying for a long period is not required.
- For investors, the initial residency permit is valid for two years. After that time has passed, non-EU investors who want to live in Spain for a longer amount of time can request to have their residence visa renewed for subsequent 5-year periods as long as the requirements are met.
- After being given the 2-year permission, you are granted the right to work as an employee or an entrepreneur.
- Permanent residency is available after five years, while citizenship is achievable after 10.
We offer a wide range of services for investors at Lexidy. Our skilled and committed team has years of experience in legal counsel, management, real estate, conveyancing, new visas, immigration challenges, residence, and investment opportunities for investors with a global perspective.
If you are thinking to apply for the Golden Visa in Spain, contact us for a free consultation of your case and our expert lawyers will help you with anything you need!
The Spanish Golden Visa program has one leading criteria, which is to make an investment in Spain. There are several ways to qualify for Spanish residency via investment. However, the visa applicant must show the following documentation for each of the asset classes.
Real Estate:
The visa application must have a certificate of domains and Land Registry charges. It must also have the deed of sale for any assets that you buy.
Investing in Spanish shares:
The residency permit application via Spain’s stock market requires a declaration from the Investment Registry of the Ministry of Economy. There must also be a certificate from a registered financial intermediary.
Spanish Government Bonds:
For this type of asset, there should be a certificate from Banco de Espana or the financial institution which manages the investment and who are its holders and/or owners. Banco de Espana is the central bank of Spain.
Bank Deposit Investment:
The applicant must provide a certificate issued by the financial institution that states they are responsible for that deposit.
The applicant must provide the immigration officials the following paperwork for the Golden Visa application:
- A completed visa application form
- Two passport photos
- A valid passport with at least two blank pages
- Proof of sufficient financial means to support the applicant and their family
- A criminal record background check
- Proof of health insurance
- Proof of visa payment
Some of the paperwork above is needed for Spain’s other visas like temporary residence permits.
After buying the property, the process to complete the visa takes around four months. It goes as follows:
- Get the right paperwork: two to five weeks
- Submit the application and wait for approval: 20 days
- Collect the residence card from the police station: six to eight weeks
The applicant will also need to show that they can financially support their lifestyle.
The main applicant will need to show that they have €27,792.96 annually. This amount increases by €6,948.24 per year for each family member who moves with the main applicant.
Typically, this can be proved by showing bank statements or a bank certificate.
Contact Us
To request a free consultation case, please provide us with your contact details below and we will contact you via email or phone.
How can a lawyer help me with the Golden Visa in Spain?
Our lawyers can speed up the procedure to apply for Golden Visa or residence permits. We have detailed information about the process and the legal jurisdictions that work fastest.
Also, we can complete the forms for you and review the paperwork to see if it meets the requirements for this investor visa.
Lexidy’s immigration attorneys will assess the quality of your investment property. They will ensure that your investment is the right one for your Spanish residency.
Our partnerships with health insurance companies, juror translators or international schools will make your first experience in Spain even more enjoyable. We offer full assistance in Spanish, English, Portuguese, French or Italian.
What Our Clients Are Saying
Our law firm has helped numerous clients successfully apply for a Golden Visa and start their new lives in Spain.
Frequently Asked Questions
Once you have the supporting documents and the visa application has been submitted at the Consulate. The administration has up to 10 working days to resolve it. Conversely, if the application is submitted from Spain the administration has up to 20 working days to resolve it.
Yes, the Golden Visa comes with a work permit for you and your family. You can work full time or part-time.
It can be any real estate asset. Some choose to have a home or commercial property, while others use the asset as an income-generating rental property.
The €500,000 investment must not include property taxes, fees or debt. However, you can have a mortgage if you have a €500,000 down payment or deposit.
Your partner or children can apply with you. You must show that you can financially support them. You will need to provide extra paperwork such as marriage or birth certificates.
Unmarried partners who can prove a long-term relationship can also apply as dependants.
Yes, however, you will have to prove economic dependence and single status. Your children must also be enrolled at a university or academy.
You don’t need to reside in Spain to obtain this permit. You just need to visit Spain once during the period of residence. This applies to all the investment programs, including the Golden Visa via bank deposit approach. If you remain in Spain for ten years, you can apply for citizenship and obtain a Spanish passport.
The law allows for investments made through a legal entity located in a territory that is not considered a tax haven.
Yes, the law allows the investment to be made through the acquisition of co-owned property. However, the minimum investment to be made by each person must be €500,000.
When you buy Spanish real estate, you pay tax. The type of tax and its cost depends on real estate asset and the time spent living in Spain each year.
If you spend more than 183 days living in Spain, then your worldwide assets and income will be taxed. If not residing for a long period of time, only taxes relating to property purchase or local assets are paid.
You will be taxed on your worldwide income if you become a Spanish Tax Resident.
Our Team
For us, Lexidy is a way of life and what excites us the most is to be able to deliver the happiness and satisfaction of a successful immigration process. We want to help you achieve your goals and dreams, whether it’s residence in Spain or simply an investment.