GOLDEN VISA
Foreign property investors are able to take advantage of the Spanish government's approved law granting non-EU citizens residency permits when buying property worth €500,000 or more.
What Is The GoldenVisa Spain?
The Golden Visa program is aimed at investors from outside the European Union, allowing them and their families to reside in Spain. From Penguin Houses we have extensive experience in managing and obtaining this type of permit.
Who Can Apply For The Golden Visa Spain?
This visa can be requested by all those who make real estate investments of more than 500,000 euros as long as the applicant contributes at least this amount through their own capital; that have shares or bank deposits of more than 1,000,000 euros or that have invested in public debt.
Also, it may be requested by those people who carry out business projects in Spain considered of general interest. This refers to all those projects that create jobs that have a social-economic impact in the geographical area where they are developed or all projects that contribute via scientific and / or technological innovation to the country.
How Long Does The Golden Visa Spain Last?
This visa allows residence in Spain for at least one year. After this time, it’s possible to apply for a Residence Authorization that has an initial stay of 2 years. If the investment and other requirements are maintained, the maximum duration of the residence permit is 5 years.
Spain Golden Visa Requirements
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The Spain Residence by Investment Program requires that a foreign individual fulfills one of the following investments in the country:
The acquisition of real estate with a minimum value of EUR 500,000 (one or several properties). From this figure, a part of the investment can be financed through a mortgage. Documentary evidence of the investment must be provided as part of the application process.
Be over 18 years old.
Not be in an irregular situation in Spanish territory
Do not have a criminal record in Spain, or in the countries where you have resided during the last five years.
Pay the corresponding fee for the processing of the visa.
What Are The Benefits Of The Golden Visa?
The Golden Visa program is designed to attract foreign investment and expertise to Spain. It offers a number of benefits to holders, including the ability to live and work in the country, access to top-quality education and healthcare, and the ability to sponsor family members for residence visas.
Right to live and work in Spanish national territory for one year.
The right to travel to Spain and all 27 countries in the Schengen area without a visa.
Make a profitable and safe investment in a real estate market with a lot of potential for revaluation in the future.
Enjoy the legal and civil security of a country of the European Union.