THE SPANISH INVESTOR RESIDENCY PERMIT, ALSO CALLED GOLDEN VISA
8 min read
THE SPANISH NON-LUCRATIVE RESIDENCY PERMIT
THE SPANISH INVESTOR RESIDENCY PERMIT as per the ENTREPRENEURIAL SUPPORT ACT OF 27 SEPTEMBER 2013 (Ley 14/2013).
(also called GOLDEN VISA)
WHO CAN APPLY
Non-EU nationals who wish to invest in Spain, work and do businesses freely. It is for business people or leisure travelers wanting to travel in, out and throughout Europe (Schengen Area). The permit grants all the privileges available to European residents, and offers the possibility to apply for permanent residency and citizenship after the required years of residency in Spain.
This type of residence permit allows the holder to work /do business in Spain.
HOW TO APPLY
Our Network of Abogados is formed by qualified and verified professionals with a broad experience (immigration, real estate, tax and finance, etc). They will assist you in the process of obtaining your Spanish Residency, advising and assessing you on the most suitable option, based on the requirements and your specific needs and situation. They will provide legal, tax and financial advise on your investment, and will guide you through the entire process.
ADVANTAGES
• 1 year renewable up to 5 years of residence and work permit in Spain • After 5 years of residence in Spain, possibility to apply for permanent residency and later for citizenship • Travel freely within the Schengen area • Maintain tax residence outside Spain • Your direct family members can also apply for this permit.
TIMEFRAME
20 days to one month approx. once application and all required documents are submitted.
CHECK YOUR ELIGIBILITY TO APPLY
If you meet the requirements listed below, you are eligible to apply:
•You are a non European national ;
•You are of legal age (over 18);
•You have No Criminal record;
•You are free of any contagious disease as per Intl. Health Regulation;
•You have not entered or stayed irregularly in Spanish territory;
•You have not been refused entry in any of the Schengen countries;
•You are able to proof source of your own funds;
•You have enough financial resources to live in Spain for the period of residence for you and your direct family members (at least 26.000€/year per the applicant and at least 7.000€ for each additional direct family member (spouse, children of minor age);
•You are able to have a valid health insurance policy in Spain;
•You are able to invest in Spain and provide proof of it to initiate visa application process, on any of the following:
a) Capital Investment:
•500.000€ or more in Real Estate or
•1.000.000€ or more in Stock shares of a Spanish Company or
•1.000.000€ or more in Bank deposit in a Spanish financial company or
•2.000.000€ or more in Spanish Treasury Bonds .
b) Other types of investment:
•Highly qualified professionals and researchers or
•Business projects in Spain classified as of general interest (Considered of general interest if: a) Job creation, b) Investment with a social or economic impact in the geographical area of the investment, or c) Significant contribution to scientific and/or technological innovation).
•If you decided to invest in Real Estate, find the property you wish to buy. (Note: When contacting a lawyer, make sure he/she is independent, and holds no relationship with the owner of the property, or the Real Estate Company).
•When purchasing a property, able to pay the applicable property purchase taxes and fees (approx. 15%) over the purchasing price.
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