With this unfavorable situation, several types of residence permits have been created with different benefits and conditions to attract foreign investors. The Golden visa program is one of them. It was launched in September 2015 as part of the government’s plan to attract international investors and increase the number of immigrants again.
If you want to move permanently to Spain or reside there for an extended period and want to invest €500,000 in real estate or a business; read this article about how you can get your residence permit as a new resident from Spain through investments
– all you need to know about getting a golden visa Spain Residence in Spain for investment…
What is a Golden Visa Spain Residence in Spain for investment?
A Golden Visa is a residence permit issued to foreign investors who make a significant investment in Spain and acquire property or invest in the Spanish economy. The residence permit acquired is valid for two years. To extend it for another two years, the holder must prove that the investment is still active.
The Golden Visa program was first launched in September 2015 to attract international investors and increase the number of immigrants in Spain. The program has been very successful, with more than 15,000 residence permits issued.
Requirements to obtain a Spanish residence permit through investments
There are five different investment options available to apply for the residence permit:
Real estate investment:
To obtain a residence permit through real estate, you need to purchase a property worth at least €500,000 in any part of Spain, either by yourself or through a company that you own.
Out of this €500,000, at least €350,000 must be in cash. The residence permit is issued for five years, and it can be renewed if you can prove that you keep investing in the real estate market in Spain.
Business investment:
If you are going to invest in a business in Spain, you need to prove that your business will generate at least €100,000 per year and hire at least two employees.
The residence permit is issued for five years, and it can be renewed if you can prove that your business is still generating the same amount of money.
Start-up investment:
If you want to invest in a new business (start-up), you need to prove that your business will generate at least €50,000 per year. The residence permit is issued for two years, and it can be renewed if you can prove that your business is still generating the same amount of money.
Who can apply for the Spanish residence permit through investments?
Any foreign national can apply for the residence permit through investments if he or she fulfills the following requirements:
- The applicant is 18 years of age or older.
- The applicant has no criminal record.
- The applicant has enough financial resources to last him/herself at least one year in Spain.
How much investment is required to get a Golden visa Spain Residence in Spain?
The amount of money you need to invest depends on the type of investment that you choose:
- Real estate investment: To obtain a residence permit through real estate, you need to purchase a property worth at least €500,000 in any part of Spain, either by yourself or through a company that you own. Out of this €500,000, at least €350,000 must be in cash.
- Business investment: If you are going to invest in a business in Spain, you need to prove that your business will generate at least €100,000 per year and hire at least two employees.
- Start-up investment: If you want to invest in a new business (start-up), you need to prove that your business will generate at least €50,000 per year.
How to apply for a Golden visa Spain Residence in Spain?
The application process to obtain a residence permit through investments has three main steps:
- First, you choose the investment option that you want to apply for.
- Next, you sign a contract with a lawyer who specializes in real estate or business investments.
- Finally, you sign a contract with the government where you agree to invest the amount of money you agreed with your lawyer and lawyer.
Pros and cons of obtaining a residence permit through investments
Pros:
- If you want to reside in Spain for an extended period of time and are willing to make an investment in Spain to obtain a residence permit, this is the best way to do it.
- The residence permit is granted for two years, which means you don’t have to wait that long to live in Spain.
- The investment is tax deductible if you apply for a business investment.
- If you make an investment of more than €500,000, you have the option to extend your residence permit for five years.
Cons:
- You must be ready to invest a large amount of money that you’ll have to keep investing in order to renew your residence permit.
- This option is not available to everyone.
- You must be ready to live in Spain for an extended period of time.
Conclusion
The Golden visa program is one of the best ways to obtain a residence permit in Spain. If you’re interested in investing in Spain and would like to reside there for an extended period of time, this is the best option for you.
- The application process is simple and straightforward.
- You must be ready to invest a large amount of money in a real estate or a business to obtain a residence permit, but it’s worth it.
- When you have obtained this residence permit, you can extend it for five years if you invest more than €500,000.
- Finally, obtaining a residence permit through investments is a great way to obtain a Spanish Golden visa residence permit.
