How to get a Golden Visa or investor residence permit in Spain?

How to get a Golden Visa or investor residence permit in Spain?

Many foreigners choose Spain as a country where they can create a new project or business. Indeed, there are sufficient grounds for this. Major cities in this country have become one of the most important European centers for entrepreneurs. In this regard, one of the essential requirements is obtaining a residence permit. In this article, we will look at the process of obtaining an investor’s residence permit in Spain; the documents needed, requirements to follow and the process of applying for an entrepreneur visa.

Content:

Investor visa for Spain

An investor visa is a residence permit that allows you to live in Spain for 2 years, subject to creating a project or company in the country that meets the interests and requirements of the Spanish economy.

It is a visa created for those citizens who want to establish their own company in Spain. Under specific Spanish laws for foreigners, they are given a place of residence thanks to a start-up like this.

How to get a Golden Visa or investor residence permit in Spain?

Entrepreneurs Law

The investor visa was created under the adoption of the Law on Entrepreneurs in Spain on September 27, 2013, in the Official Gazette of Spain (BOE). The primary purpose of the law is to help entrepreneurs in the process of creating and internationalizing start-ups.

According to this law, one of the main advantages of any visa is that it can be obtained while staying in Spain. In addition, unlike other residence permits, following the general law on foreigners, the investor visa provides the opportunity to reside in Spain for 2 years with the possibility of extension (instead of 1 year).

The ability to make a quick decision is another great benefit of this law.

Main advantages of an investor visa

Some of the main advantages of obtaining a residence permit for entrepreneurs are:

  • Permitted to work without having to fulfill the complex requirements of a regular work visa.
  • Unlike other European countries, no initial investment is required.
  • Job creation in the country is not a strict requirement and the visa is renewable even if the investor does not hire anyone for the first few years.
  • With an entrepreneur visa, free movement in Schengen countries is guaranteed.
  • There is no need to apply for a visa personally, a representative can do so on one’s behalf.
  • Joint move. It is possible to apply for a visa for a family member initiating a business project; parents, a spouse and children under 18 can move.

You can apply for an investor visa in Spain in the following ways:

  • Investing in the country’s public debt.
  • Investments in bank deposits or shares in Spanish companies.
  • Buying a property.
  • Implementation of a business project of public interest.

How to apply for a visa?

  1. Comply with all requirements.
  2. Choose one of the types of investment visas.
  3. Make an appointment with the nearest consular office or embassy.
  4. Print the application.
  5. Submit the documents to the application center and wait for a response regarding the visa issuance (the term for making a decision is 20 working days).
  6. Visa approval.

Investments in Spain

Types of investments in Spain to obtain a visa:

  1. Financial assets:

    • 2,000,000 euros in Spanish government securities.
    • 1,000,000 euros in general shares or shares in Spanish joint-stock companies with business activities.
    • 1,000,000 euros in investment or venture funds registered in Spain.
    • 1,000,000 euros in bank deposits in Spanish financial institutions.
  2. Real estate (1 or more investments) in Spain worth more than 500,000 euros.
  3. A business project developed in Spain that is of public interest.

    The project must meet the following requirements:

    • Create new jobs and be a positive stimulus for the country’s economy;
    • Create both domestic and foreign investment opportunities;
    • Include high levels of technology (e.g. the use of algorithms or “machine learning”) and improve Spain’s social and economic development.

Investor visa for a Spanish company

Before applying for a visa or residence permit, it is necessary to provide documents to obtain an investor visa for a Spanish company:

  • Business project report;
  • A copy of your identity card or passport;
  • The applicant’s curriculum vitae detailing their professional background and experience;
  • Designation of a representative to manage the business project.

Investor visa for real estate in Spain

The applicant must prove their investment in real estate for EUR 500,000 without encumbrances or collateral.

The certification includes 1 of the following documents:

For a visa:

  • An electronic code to verify an online request including the purchase amount;
  • The relevant public act;
  • A certificate and documents confirming relevant tax payments if, at the time of the visa submission, the registration was being processed in the Land Register.

For a residence permit:

  • Real estate certificate.

If the purchase has not been completed:

  • A preliminary agreement with a guarantee of execution by a deposit agreement and a certificate of a Spanish financial institution stating that the applicant has an unavailable bank deposit with the amount necessary for the purchase including fees and taxes.

How to get a Golden Visa or investor residence permit in Spain?

Golden Visa for Spain

This particular visa is issued to foreigners who have invested in the Spanish economy and have fulfilled several requirements and conditions.

How to get a Golden Visa for Spain

The Real Estate Investment Law states that non-resident foreigners can invest a significant amount of capital and thus obtain an investor visa. Real estate investment is understood as the acquisition of real estate worth EUR 500,000 or more. At the same time, the law requires that the applicant be over 18 years of age, have no criminal record, have sufficient financial resources, comply with the requirements and have the necessary documentation.

Features of the real estate market in Spain

Spain is one of the best countries in Europe; for this reason, many people around the world want to live here. It is worth noting that investing in real estate in Spain is the right decision - big cities delight with their historic buildings and busy streets. There are parks, nature reserves and picturesque villages. The Spanish property market is growing and increasing in profitability every day due to the high demand for properties ranging from apartments in the city, and exclusive villas and beautiful homes in popular locations such as Madrid, Barcelona, Alicante, Bilbao, Sevilla, Merida, Badajoz, Huesca and Tarragona.

Range of property prices in Spain:

Investor visa for Spain cost

An investor visa is issued to foreign citizens for significant investments in the Spanish economy (from 500,000 to 2,000,000 euros).

Spanish citizenship for investors

Investors who have lived in the country for 5 years obtain the right to permanent residence in Spain. Spanish citizenship can be obtained after 10 years of residence in Spain.

Business visa for Spain

A business visa for Spain is a short-stay Schengen visa that does not entitle you to work. The purpose of such trips is negotiations, meetings with representatives of Spanish companies, or business activities.

A residence permit is granted for up to 2 years (investor visa for 2 years) with the possibility of extension for the next 5 and 10 years (investor visa for 5 years and 10 years), subject to meeting the requirements.

Resident visa for Spain

Validity of a Spanish resident visa for real estate investors:

  • 365 days if the purchase has already been completed;
  • 6 months if the purchase has not yet been completed.

Documents to be submitted:

  1. application for a national visa;
  2. a photograph (5 x 5 cm on a white background);
  3. passport;
  4. certificate of no criminal record (original, photocopy and translation into Spanish);
  5. documents confirming the availability of funds necessary for themselves and family members for the period of residence in Spain;
  6. public or private health insurance (Spanish translation required);
  7. payment of fees.

How to get a Golden Visa or investor residence permit in Spain?

Get a visa and buy property in Spain

Thanks to our accumulated experience, our specialists will help you obtain a visa to Spain in the shortest possible time as well as choose a property on Spain-Real.Estate, taking into account your tastes and preferences. With us, the path to your dream is quick and easy!

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