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What Are the Investment Options for a Golden Visa in Spain?

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It is a Golden Visa for Spain, also known by the Spain Investor visa, is an immigration permit that is granted to non-EU citizens that make a significant investment in Spain, such as buy real estate, buy shares in a company or create opportunities for employment.

Who is eligible to apply for an Spain Golden Visa?

You are eligible to apply for the Spain Golden Visa if you meet the following criteria:

You are able to prove that you taken advantage of an investment choice.
You are above an age limit of.
Health insurance is valid in Spain.
You have enough financial means to support yourself and your family members.
You have a clean criminal history in any of the cities you’ve lived.
There is no place for you on Spain’s list of unwelcome people.
You don’t have any Schengen Visas.

If you’re eligible, there are lawyers and Golden Visa professionals who are willing to assist and guide throughout the whole procedure of getting an Golden visa for Spain.

Where and When to Apply to get The Golden Visa to Spain?

You must begin the application procedures after you have invested the required amount of money in Spain. You should be committed to making the investment, however it doesn’t have to be to be made. The earliest time you can apply to apply for is three months in advance of your intended trip to Spain.

You could apply for an Spanish Golden visa from your country of residence, in the form of submitting an application at the Spanish embassy or consulate. You may also submit an application for a visa to Spain in case you’re already here with a long-stay visa.

The documents to submit when applying for an Spain Golden Visa

The required documents to be able to include:

The Spanish long-stay request form to apply for a visa.
Two Spain passport photos.
Your valid passport. It must be issued within the last 10 years.
Proof of country of residence.
Evidence of investment. Documents that prove the nature and size of your investment, as and the place of origin of your money.
Residency Visas for Acquisition of Real Estate:
The certificate contains information on the dominion and taxes in the Land Registry, which corresponds to the property bought.
Residency Visas for Capital Investors:
A copy of a statement of investment filed with the Register of Foreign Investments of the Ministry of Economy and Competitiveness in the case of investments in unlisted or company shares.
Certificate from a financial intermediary validly registered with National Commission of the Stock Market or the Bank of Spain in case of investments in listed shares.
A certification issued by the financial institution or the Bank of Spain, if the investment was made with government bonds.
In the case of an investment in a bank account an official certificate issued by an institution of finance.
Police Clearance. This document should be submitted in the original, photocopied and translated. It shouldn’t be older than 90 days from the date of the application.
Proof you have sufficient economic money to pay for your own as well as your dependents during your stay you are in Spain.
Medical Insurance purchased from an authorized Spanish supplier.
A medical certificatethat indicates that you’re not suffering from any condition that is risky for public health.

How do I apply for the Spain Golden Visa?

If you want to get the Golden Visa for Spain you must follow these steps:

Select one of the approved investments. You may need to travel to Spain with a regular Spain Visa during this time to complete your investment.
Apply for the Golden Visa. The application must be submitted at the closest Spanish Embassy within three months of investing. You can submit your application yourself or through a legal representative.
Submit the application along with the document file.
You must obtain your residence permit. Once you receive your Spain Golden Visa You need to journey to Spain then exchange it to obtain a Residence Permit and submit your biometric information.

What are the advantages of A Spanish Golden Visa?

Some of the benefits that come with The Spanish Golden Visa are:

Your family members and you will be issued Residence Permits that allow you to live in Spain.
Family members of yours can travel to all Schengen Zone countries without visas for up to 90 days over a 180-day period.
There is no requirement to live in Spain to renew the Golden Visa.
If you are a resident of Spain, you become eligible for permanent residence after five years.
It is possible to make an application for Spanish citizenship within ten years of residing in Spain.
All family members can benefit from Spain’s health and education systems.

Can I take family members Along?

You can include any of the family members listed below in your application as well:

Your spouse
Your minor children who are not married (under 18) as well as any adult children who are dependent.
Senior parents who depend on them.

How Much Time Can I Stay in Spain With the Golden Visa?

The Spain Golden visa is initially valid for a year. Then, you can apply to convert the visa into a residence permit for investors and obtain a two-year current residence license.

For how long is the Residence Permit Expired?

The Residence Permit you receive as a result of investing is valid for two years. It is then possible to renew it on a regular basis every two years for until you have successfully maintained the investment (in other terms, so long as you are still the owner of the property you bought).

If you actually decide to reside in Spain, then after the period of five years living in Spain and a residence permit of two years, you can apply for a Residence Permit You can apply for a Permanent Residence Permit.

How Long Can the Spanish Golden Visa Residence Permit Granted?

The Residence Permit you get with Golden Visa Golden Visa is valid for two years. You can then renew it at any time for provided you’ve maintained the investment (in terms of, as that you still own the property you have purchased).

If you do decide to move to Spain in the future, after five years of living in Spain with two-year Residence Permit You can apply for a Permanent Residence Permit.

How Long Do I Have to remain in Spain In order to renew the Residence Permit?

There are no stay requirements for renewal of an Golden Visa Residence Permit. It is only necessary to travel to Spain when you need to renew your application.

However, if you are planning in applying for permanent residency the requirement is that you live in Spain for at least five consecutive years without interruption (at minimum six months of the year). If you ever plan to seek Spanish citizenship, you must reside in Spain for at least ten years.

Can I lose my Residence Permit?

Yes, if it is not possible to prove that you’ve maintained your investment in Spain and you fail to prove it, you’ll be denied you Golden Visa Residence Permit. In other words, if you decide to sell your home or sell your stake.

Spain Residency Through Residency Through Real Estate (Buying A House)

The most popular investment route to Spanish residency is by purchasing property that is worth at least EUR500,000. It could be a single unit or a number of units that amount to half a million.

You need to prove that you have acquired ownership of the property/properties through a certificate from the Spanish Land Registry, which declares the purchase amount.

How to get Permanent Residence in Spain

If your first residence permit is set expire, you may apply for its renewal. You will be granted another five years in Spain and repeatedly apply for the extension of your permit to reside, provided you meet the initial requirements.

Getting Spain Citizenship by Investment

It is believed that a Spanish Golden Visa leads to Spanish Citizenship more often than other visa. That’s why this program is called Spain Citizenship by Investment. It’s possible to obtain Spanish passports after 10 years in Spain by obtaining the Golden Visa, given that you fulfill the following conditions:

You’ve been in Spain for minimum 183 days per calendar year, for a total of 10 years.
You speak Spanish at least of basic levels.
You are familiar with the basics of Spanish history and culture.
You have no charges or convictions for criminality in Spain.

Do citizens from former Spanish Colonies Get Citizenship Quicker?

If you’re from a former Spanish colony (one of the following countries), you can get Spanish citizenship as fast as two years rather than ten.

Costa Rica
Dominican Republic
El Salvador

If you are from one of these countriesand receive the Golden Visa, then you are eligible to become an Spanish citizen within two years, if you have traveled to Spain at least eight times in that period.

Can I use a mortgage to obtain a Spanish Golden Visa?

You will not be eligible for a Golden Visa if you use an installment loan to finance the purchase of a home in Spain or at the very least, not for the minimum requirement. You need to make a down payment of at least EUR500,000 in full with your own funds however, for any amount that is greater than the threshold, you may have the option of using the mortgage or finance.

Can I travel to Europe With an Spanish Golden Visa?

Yes it is true that a Spain Golden Visa allows you and your family members to travel to the Schengen Zone visa-free for up to 90 days in a 180-day period. But, other countries in Europe have their own visa requirements which means that free travel is not always guaranteed.

Do I need Health Insurance Coverage For Spain?

Yes, it’s an element of the Golden Visa Spain application process to be covered by health insurance. You and your family members need to have valid health insurance even if there is no intention to reside in Spain for any time.

What type of health insurance Should I Have In Spain?

Residents in Spain can avail health insurance coverage through the public system. To avail of the health system in Spain expats need to have a job and pay tax in Spain, as it is paid for by taxpayers.

If you’re the Golden Visa, and you don’t intend to reside in Spain it is necessary to purchase private health insurance through a company which is allowed to conduct business in Spain. If you will live in the country that has tax-paying, you and your family members are able to make use of its health system.

Spain Gold Visa and Taxes

If you’re not a full-time resident in Spain that is, you don’t have to pay tax on your income. You are considered a resident only if you live there longer than 50% of the year (more than 183 days).

However, regardless of your residency status, if have bought a home in Spain it is still required to pay the relevant taxes, such as the tax on rental income and municipal.

If you are not a full-time resident, you will be required to pay 24.75 percent on rental income as well as any other income obtained in Spain.