Spanish Golden Visa

After investing in the above cases, your golden visa is valid for a year. During this year, you must enter Spain and exchange your visa for a two-year Spanish residence permit. The residence permit can be extended indefinitely without the need for residence as long as you maintain your capital. You must travel to Spain every time you need to renew your residence permit. You can apply for permanent residence after five years of residency to live in Spain, of which you must have spent at least six months a year in Spain. Although the process of residing by investment in Spain is quite simple, you must live in Spain for at least six months of the year for ten years to obtain a Spanish passport. Besides, other conditions for obtaining Spanish citizenship include knowing the language and being familiar with this country. The Spanish passport holders have access to the EU job market and visa-free access to more than 100 countries.

A Spanish residence permit has several advantages, some of the most critical of which are:

The fastest way to get Spanish residency for yourself, your spouse, partner, and your family members

Allows you to enter and travel freely to Spain and 26 other countries in the Schengen area (Spain, France, Germany, Austria, Belgium, Denmark, Estonia, Finland, Greece, Hungary, Iceland, Italy, Latvia, Lithuania, Czech Republic, Liechtenstein, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovenia, Slovakia, Sweden, and Switzerland).

Unconditional presence in Spain

You can live, work, study, and retire in Spain with a residence permit.

Access to the European market for any trade and living benefits in one of the safest places. Also, it allows Asians, Arabs, Russians, and Latin Americans to keep some of their assets safe in specific areas. It is one of the most economically and politically stable economic regions.

Extend their residency after becoming 18, or starting your own independent life or work.

You must know some of the key points for investing abroad if you want to invest in a foreign country. For example, the economic growth rate or inflation rate of that country. We examine these two critical factors in Spain. The chart below shows the economic growth rate of Spain in recent years.

The second graph shows the Spanish inflation rate, which in the year 2020, the inflation rate of Spain was at the highest and slightly more than one percent.

Although they are the same, the programs are different in certain areas. We will make a complete comparison below.

The Golden Visa is a follow-up to the financial crisis, designed to stimulate foreign investment and thus help accelerate economic growth and recovery when investment is scarce in Europe. It was adopted from the Mediterranean countries, which have attracted international investors, visitors, and buyers to their coastal areas for a long time. It affected Spain and Portugal while officially aiming to encourage non-EU investors to invest in productive assets such as retail and commercial premises, factories, farms, and other types of economic capital, which also found a residential nature. Many buyers from Russia, China, Morocco, and the Middle East use this investment residency program.

Getting a Spanish passport is a dream come true for many people as it allows them to travel to 187 countries without a visa and allows them to study, work, and live in any EU country. The investors can apply for permanent residence after five years of living in Spain. They can receive Spanish citizenship after ten years. However, applicants must reside in Spain at least six months a year during that period to be eligible.

Applicants can disband their investment once they have permanent residency or citizenship because they do not need to renew their Golden Visa. While you do not need to reside in Spain to maintain your residence permit, you must come to Spain to renew it and save your capital.

✔️ Who is eligible for the Golden Visa in Spain?

⭕️ Any non-EU, non-EEA, or non-Swiss citizen who makes a financial investment in Spain is eligible for a Golden Visa and Spanish residency with their dependent family members.

✔️ What are the main benefits of a Golden Residence in Spain?

⭕️ Obtaining a residence permit in Spain has several benefits, such as entering Spain and 26 other EU countries (Schengen area), no presence conditions, obtaining residence for the whole family, permission to study for free, work, and retire in Spain.

✔️ Is it possible to get a loan to apply for a Spanish Golden Visa?

⭕️ No, you cannot apply for a Spanish Golden Visa if you receive the money from a loan. You must make the initial investment with a personal budget, and you must be the sole owner of the investment.