Spain Golden Visa

RESIDENCY BY INVESTMENT

OVERVIEW

Invest in Spain, Gain Temporary Residency with Ample Benefits

Golden Visa law of Spain came into effect in 2013, enabling non-EU residents to obtain a temporary permit of residency in the country. Obtaining the Golden Visa requires the applicant to make a significant real estate investment. Once granted, the status of residency extends to the applicant’s dependant family as well.

The visa demands renewal every two years*. After 5 years of temporary residency, one can apply for permanent residency, and after 10 years of holding the PR status, one can apply formally for the citizenship of Spain. While a person must reside in the country for 10 years to obtain citizenship, there are no such regulations for temporary residents.

Processing time

3-4 months

Visa free travel

Visa Free access to 27 nations in the Schengen zone.

Investment type

Real Estate Investment

Investment cost

€500,000

Family dependents

Spouses and partners, children and investors’ and their spouse’s parents

Passport/Residency validity

Residency Validity 2 years /renewable for 5 years

About Spain Golden Visa

Spain is known for its diversity. The culture and the language and its influences differ in each province, the traces of which can be found in the music, art, and cuisine of the respective regions. Tourists from all over the world are drawn to the country to revel in its unique miscellany, making it one of the primary industries to drive the country’s development. Agriculture, automotive, and energy have substantial contributions to the GDP as well.

Geographical Location

South-Western Europe (Iberian Peninsula)

Total Area

505,990 km2 or 195,360 sq/mi

Population

47,450,795

Capital

Madrid

Language

Spanish

Government

Parliamentary Monarchy

Currency

Euro

Member

UN, OECD, NATO, Schengen Agreement, EU, Eurozone