Immigration LawResidence PermitTHE SPAIN GOLDEN VISA PROGRAM

ADVANTAGES AND FEATURES OF THE PROGRAM

1. Initial investment of 500,000 Euros in real estate (multiple properties can be purchased, allowing the acquisition of residential or commercial properties together)
2. Visa-free travel to Schengen countries
3. Those entitled to the Golden Visa along with the investor:

✔  Spouse of the investor

✔  Children under 18 years old

✔  Parents of the investor and spouse

4. Right to reside, work, and study in Spain
5. The initial residence permit is granted for a period of 3 years, which can be extended for an additional 3 years upon the condition of staying in Spain at least once a year.
6. With the condition of staying in Spain for more than 185 days per year, indefinite residency rights are obtained after 5 years.
7. With the condition of staying in Spain for more than 185 days per year, after 10 years, the right to apply for Spanish citizenship is granted.
8. Opportunity to have access to high standards in education and healthcare systems
9. No requirement for educational or managerial experience
10. Option to generate income by renting out the invested real estate
11. Exemption from double taxation for investments and income during the period of residing outside Spain

 

TAXES / FEES

Real estate investment: 500,000 Euros

Property acquisition taxes (**) (may be higher depending on the region of Spain): 57,500 Euros

Real estate agent fee: 5%

Notary Fee: 1,500 Euros

Public registration of the property deed: 950 Euros

Processing fee per applicant (paid to the government): 203.84 Euros

 

PROCESS STEP BY STEP

1. Obtaining a tax number
2. Opening a bank account
3. Selection of immovable property in Spain
4. Preparation of the sales contract and completion of the real estate sales process
5. Completion of Golden Visa application documents, submission of your application, and completion of the biometric process
6. Processing time between 2 to 3 months
7. The initial residence permit is granted for a period of 3 years, which can be extended for an additional 3 years upon the condition of staying in Spain at least once a year.

 

Investment Options Other Than 500,000 Euros

• Investment funds worth a minimum of 1 million Euros in Spanish financial institutions

• Bank deposits or shares of publicly traded companies, Minimum investment of 2 million Euros in government bonds