What are the requirements to apply for a Golden Visa in Spain?

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What are the requirements to apply for a Golden Visa in Spain?
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Published: 5th May 2021, 11:23am
Updated: 5th May 2021, 11:46am

The Supreme Court has enabled more possibilities for non-EU citizens to obtain the Golden Visa

The Spanish Golden Visa was established in 2013 to encourage foreign investors outside the EU to invest in the country’s economic growth. In most cases, the Spanish Golden Visa is granted to anyone who owns real estate equal or superior to €500,000, which can also be rented to get returns. Any number of properties can also combine to make up the €500,000 minimum investment. 

If you or your family decide to live in Spain, you will be eligible for permanent residency after a period of five years. Nonetheless, you must prove that you did not spend more than a total of eleven months outside of Spain within the past five years.

In addition to the investment, you must also comply with the following requirements:

  • Be 18 years old or older

  • Have no history of criminal records

  • Not have been refused a visa in the past

  • Have medical insurance and an official health certificate in Spain

  • Have enough funds to reside in Spain

Besides being able to buy an already built property that complies with the Golden Visa Spain requirements, investors can also build one from scratch. This gives non-EU citizens more opportunities to start an investment or to have their own home in Spain.

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Similarly to the Portuguese Golden Visa programme, the Spanish Golden Visa scheme has proved to be especially popular within applicants from China, Venezuela, Ecuador, Russia, Brazil and India. Here’s what’s behind the programme’s success:

  • Processing time is quick: it is possible to be granted the residence permit within 60 days from the moment the Golden Visa application is submitted

  • Travel visa-free: since Spain is an EU member when obtaining the golden visa, you can travel visa-free to 26 countries as part of the Schengen zone

  • EU rights: the Spanish residency permit enables you to live, work and study in Spain

  • Family residency plans: your spouse and dependants under 18 are also guaranteed residency permits

  • Easy renewal: the residence permit can be easily renewed and you only have to visit Spain once a year in order to keep the permit

Building your own house from scratch will give you the opportunity to create the perfect home according to your needs, in the area that suits you best, which could be either in a sub-tropical picturesque beachside as the astonishing Spanish coasts or in the architectural wonder of Barcelona.

What are you waiting to take advantage of this new possibility to build your own house from scratch with our team of experts by your side

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