RHODIUM DWELLINGS

24 March, 2022

GOLDEN VISA IN SPAIN

WHAT IT IS

The golden visa is a type of visa aimed at foreigners who wish to enter Spanish territory to make a significant capital investment.

This visa allows the possibility to live and work in Spain(including your family), without the need to visit the country more than once a year.

REQUIREMENTS

Residence permit through the purchase of real estate worth €500,000 free of any encumbrances.
Residence permit through the purchase of 2 million euros of public debt.
Residence permit through the acquisition of one million euros in shares or stocks, or bank deposits in financial institutions.
Residence permit through a business project.

TYPES OF VISA

There are two types of permit:

Visa: When the person is outside Spain, he/she will have a permit to reside and work in the national territory.

The duration of this permit is 1 year, after which you must apply for a residence permit.

Once the arras contract is established, a visa or residence permit must be applied for.

Residence permit:When the applicant resides legally in Spain, he/shewill have a 2-year permit to reside and work throughout the national territory.

HOW TO APPLY

The application for the Golden Visa can be made outside or inside Spain.

Outside Spain: You must apply at the consulate of the country of residence.

Within Spain: Applicants who hold an investor visa or are legally resident must apply for investor residence authorisation at the Unit for Large Enterprises and Strategic Collectives (UGE-CE). This presentation automatically extends the applicant’s stay or residence in Spain until the procedure is resolved.

BENEFITS OF THE GOLDEN VISA IN SPAIN

One of the main benefits of golden visas is preferential treatment.. With these visas, the residence permit is fast-tracked, both for the first permit valid for one year and to arrange for renewals every two years”.

Also, the residence visa from the Golden Visa allows free transit through the other 26 European countries of the Schengen area.. This freedom of movement is emphasised as one of the main reasons for applying for a visa. In addition, the Golden Visa makes it easier to obtain visas not only for the person making the investment but also for his or her spouse and children under 18 years of age, and for admission to public schools. Newborns born in Spain will have a Spanish passport after one year, without having to fulfil any other requirements.