Who can ask for it?

Natural Persons

Those investors who make a significant investment in Spain:

  • Real estate assets (€ 500,000)
  • Bank stocks or deposits (€ 1 million)
  • Public debt (€ 2 million)
  • Business projects in Spain considered of general interest.

Legal Persons

You can request a visa or authorisation as long as you have a report prepared by the DGCOMINVER that proves that the company is domiciled in a country that does not have the status of a tax haven and you have a majority stake in it (article 63.3 of Law 14/13 ).

REQUIREMENTS TO OPT THE GOLDEN VISA SPAIN

Apart from being an investor, Golden Visa Spain applicants must comply the following requirements:

  • Clean criminal record in the last 5 years, either in Spain or in any other country where you have previously resided.
  • Never having received a denial of entry in any of the Schengen countries or in any country with which Spain maintains immigration agreements.
  • Not having entered or remained illegally in Spain.
  • Have a public or private medical insurance that covers your stay in Spain. It must be an insurance provider authorised to operate in Spain.
  • Sufficient financial resources to reside in Spain (and also your spouse or dependent child, if applicable).
  • Medical certificate with specific wording stating you do not suffer from any of the contagious diseases included in the 2005 International Health Regulations.

WHAT RIGHTS ARE OBTAINED WITH THE GOLDEN VISA SPAIN

  • Reside in Spain for two years if the visa is applied for when you arrive in Spain or one year if you applied for in your home country.
  • Work in Spain
  • Travel freely to all the member countries of the Schengen Treaty for a maximum period of 90 days, without the need to request additional visas.
  • Minimum of one night in Spain to be granted the renewal of the visa, subject to other requirements such as evidence of continued ownership of the investment.
  • You do not have to be a tax resident in Spain, but you must pay taxes in Spain for the ownership of Spanish assets such as a Spanish property.
  • Family members can apply for the golden visa as dependent family members such as dependent children or the spouse of the main applicant. This includes dependent parents.

The only requirement for family members is provide a police certificate, and proof of the dependency upon the main applicant, and relationship.

DOCUMENTS TO BE PRESENTED TO OBTAIN THE GOLDEN VISA SPAIN

  1. Application form for the residence visa
  2. Valid passport
  3. Mandatory health insurance policy, public or private.
  4. Clean criminal certificate in the last five years.
  5. Bank statement showing sufficient financial resources to reside in Spain for the main applicant and his family if applicable.
  6. Marriage certificate, registration of couple and / or birth certificate of the children in case that the extension of the visa to relatives is requested simultaneously.
  7. Documents accrediting the investments made.

You can apply for the Golden Visa in Spain and your application is presented electronically for approval. Alternatively, you can apply for the visa in your country of origin or your country of residence if it differs, and attend an appointment at the Spanish Consulate.  You do not need to attend an appointment if you apply for the visa in Spain.

The Residence Authorisation for Investors

WHO CAN REQUEST IT?

  • The holder of a residence visa for investors (Golden Visa) in force or within the period of ninety calendar days following the expiration of the visa, previously making at least one entry in the Spanish territory to the residence application. the investor visa.
  • If the foreign investor is legally in Spain with a tourist visa and does not hold a residence visa for investors, he can also apply for residence for investors.
  • Place of presentation: Applications for residence authorisation for investors are presented in the Large Companies and Strategic Collectives Unit in Madrid, personally or through a representative, which will save them consular procedures.
  • Term for obtaining a residence permit for investors in Spain, residence applications must be resolved within 20 working days. If the authorities do not respond within this period, the authorisation will be granted automatically, due to administrative silence.
  • The residence authorisation for investors in Spain is valid for 2 years, renewable for successive periods of 5 years, if the condition of maintaining the investment is met.
  • The rights obtained with the residence authorisation for investors in Spain are the same as the visa, that is, to reside and work in Spanish territory, only that the term is longer.

Taxes

We must distinguish between residence visas, residence permits and fiscal residence. A person is considered a tax resident in Spain if one of the following two cases occurs:

Spend more than 183 days in the country during the calendar year (sporadic absences are not taken into consideration).

That the main nucleus or base of its activities or economic interests reside in Spain, directly or indirectly. The legal system understands that the nucleus of vital interests is in our country when the spouse (not legally separated) and minor children who depend on the taxpayer have their habitual residence in Spain.

DOCUMENTATION TO REQUEST AUTHORISATION OF RESIDENCE FOR INVESTORS

The same as for obtaining the residence visa, only that in this case the application form will be the one corresponding to the residence authorisation. All the documents that are contributed must be translated into Spanish by a sworn translator. All foreign public documents must be previously legalized or, as the case may be, apostilled.

One of the ways to obtain Spanish nationality is by residence. To obtain it, the applicant must have spent ten years of residence legally, continued and immediately prior to the request.