IN SPAIN, PERMANENT RESIDENCY AND CITIZENSHIP

After five years of residence in Spain, it is possible to apply for permanent residency. Citizenship may be obtained for after 10 years of full-time residence. Although the temporary residence permit (the golden visa) may be extended without having to live in the nation, the investor and their family must dwell in Spain to get permanent residency and citizenship. As a result, the Spanish Golden Visa scheme is popular among individuals who want to live in Spain full-time or just retain a second residence in Europe without pursuing citizenship. Investors interested in gaining European citizenship might check into the Portugal Golden Visa program.

A Golden Visa for Spain, also known as a Spain Investor Visa, is a residency permit granted to non-EU individuals who make a major investment in Spain, such as purchasing real estate, starting a business, or creating jobs.

Who Can Apply for a Spain Golden Visa?

If you meet all of the following criteria, you are eligible to apply for a Spain Golden Visa:

• You have evidence of making one of the investing choices.

• You are at least 18 years old.

• In Spain, you may receive legitimate health insurance.

• You have sufficient financial resources to support yourself and any dependents.

• In any of the areas you've lived, you have a clear criminal record.

• You do not appear on Spain's list of undesirables.

• You have 0 Schengen Visas that have been denied.

If you meet the criteria, there are attorneys and Golden Visa experts eager to help and guide you through the whole process of acquiring a Golden Visa for Spain.

Companies that specialize in Golden Visa programs, such as Golden Visa Real Estate Agency, have professionals on hand to provide guidance and help on international real estate investment. Their specialists can tell you whether you qualify for the Spanish Golden Visa (free consultation) and help you plan a trip to Spain to examine your alternatives in person. You'll need legal assistance to settle your investment unless you're an expert in Spanish law and financial concerns.

You may also invest in a new enterprise that will provide jobs for Spanish residents, contribute to scientific or technological innovation, and have a substantial socioeconomic effect.

The investment amounts for Spain's residency program vary from those for Portugal's residency program.

EU, Iceland, Norway, Liechtenstein, and Swiss nationals, on the other hand, do not need to apply for this visa. If you are a citizen of one of these countries, you do not require a visa to enter Spain.

When and where should you apply for a Golden Visa to visit Spain?

After you have invested the required amount of money in Spain, you should begin the application processes. You must be serious about making the investment, albeit it does not have to be completed. The earliest you may apply is three months before your planned vacation to Spain.

You may apply for a Spanish Golden visa directly from your home country by submitting an application to the Spanish embassy or consulate. If you are in Spain on a long-term visa, you may also submit an application.

Documents Required for a Spain Golden Visa

You must send the following papers to support your application:

• The application for a long-stay visa in Spain.

• Two passport photographs are required.

• Your passport is valid. It has to be from the recent ten years.

• Proof of residency in the nation.

• Evidence of investment. All documentation demonstrating the nature and quantity of your investment, as well as the source of your funds.

Residency Visas for Real Estate Investing:

Certification from the Land Registry offering information on the dominion and taxes associated with the property acquired.

Capital Investor Residency Visas:

In the event of unlisted or corporation shares, a copy of a statement of investment filed with the Ministry of Economy and Competitiveness's Registrar of Foreign Investments.

In the event of investments in listed shares, a certificate from a financial intermediary must be filed with the National Commission of the Stock Market or the Bank of Spain.

If the investment is in government bonds, a certificate from the financial institution or the Bank of Spain is required.

A certificate from the financial institution in the event of a bank deposit investment.

Clearance from the police. This document must be submitted in its original form, photocopied, and translated. At the time of application, it must be less than 90 days old.

Evidence that you have enough money to maintain yourself and your dependents while in Spain.

Purchased medical insurance from a licensed Spanish provider.

A medical certificate stating that you do not have any diseases that are dangerous to the public's health.

Through their intimate knowledge of Spanish regulations and experience working with local banks, developers, agents, and attorneys, the specialists at Golden Visa Real Estate can help you in getting all of the essential documentation for your visa application.

How to Apply for a Spain Golden Visa?

You must follow these procedures to apply for a Golden Visa in Spain:

Make an investment in one of the qualifying alternatives. During this period, you may need to go to Spain with a standard Spain Visa to complete your investment.

Make an application for a Golden Visa. Within three months of making the investment, you should submit your application to the closest Spanish Embassy. You may apply on your own or with the help of a lawyer.

Send the application and the document file together.

Obtain a residency permit. You must go to Spain after receiving your Spain Golden Visa to exchange it for a Residence Permit and submit your biometric details.

Golden Visa Real Estate - Golden Visas can help you in locating a lawyer who can serve as your legal agent and complete the bureaucratic and technical parts of your Golden Visa. This includes monitoring the property's completion and handling your and your family's immigration applications.

What Are The Benefits Of Getting A Spain Golden Visa?

The following are some of the advantages of the Spanish Golden Visa:

Residence Permits will be issued to you and your family, enabling you to reside in Spain.

Visa-free travel to all Schengen Zone countries is possible for you and your family for up to 90 days in a 180-day period.

To renew your Golden Visa, you do not need to reside in Spain.

If you live in Spain for five years, you will be eligible for permanent residency.

After 10 years of residency in Spain, you may seek for citizenship.

The Spanish health and education systems are available to you and your family.

Can I bring my family members?

• You may also mention the following members of your family in your application:

• Your partner

• Your young children (under 18) and any adult children who are financially dependent.

• Parents who are reliant.

With a Golden Visa, how long may I stay in Spain?

The Golden Visa for Spain is good for one year. Then you may request to have your visa converted into an investor's residence permit, which is good for two years.

How Long Does the Residency Permit Last?

The investment-based Residence Permit is valid for two years. You may then renew it every two years forever as long as you keep up with the investment (in other words, as long as you still own the property you have purchased).

If you opt to settle in Spain, you may apply for a Permanent Residence Permit after five years of residing in Spain with a two-year Residence Permit.

What Is the Duration of the Spanish Golden Visa Residence Permit?

The Golden Visa allows you to get a two-year residence permit. You may then renew it every two years forever as long as you keep up with the investment (in other words, as long as you still own the property you have purchased).

If you opt to settle in Spain, you may apply for a Permanent Residence Permit after five years of residing in Spain with a two-year Residence Permit.

How long must I stay in Spain in order to renew my residence permit?

How long must I stay in Spain? To renew a Golden Visa Residence Permit, there are no minimum stay restrictions. You will simply need to fly to Spain to apply for renewal.

If you want to apply for permanent residency in Spain, you must remain in the country for at least five years without interruption (at least six months out of the year). You must reside in Spain for at least 10 years if you want to apply for Spanish citizenship. Is it time to renew your residence permit?

Is it possible to lose my residence permit?

Yes, you will lose your Golden Visa Residence Permit if you cannot demonstrate that you have maintained your investment in Spain. If you sell your house or liquidate your investment, for example.

Residency in Spain through Real Estate (Buying A House)

Purchasing a property worth at least €500,000 is the most prevalent sort of investment path to Spanish residence. This might be a single unit or a group of units totaling half a million dollars.

You must show that you own the property/properties by presenting a document from the Spanish Land Registry that shows the purchase price.

Getting Permanent Residency in Spain

You may apply for a renewal of your first residence permit when it is about to expire. You may extend your residence visa for another five years in Spain, and you can apply for it indefinitely as long as you satisfy the basic conditions.

Citizenship in Spain via Investment

A Spanish Golden Visa, more than any other visa, leads to Spanish citizenship, which is why the program is also known as Spain Citizenship by Investment. With a Golden Visa, you will be eligible to get Spanish passports after ten years in Spain if you satisfy the following criteria:

• In the last ten years, you have spent at least 183 days each year in Spain.

• You have a basic understanding of Spanish.

• You have a rudimentary knowledge of Spanish culture and history.

• In Spain, you have no criminal convictions or debts.

Can I Get a Spanish Golden Visa With a Mortgage?

No, you will not be eligible for a Golden Visa if you pay for a house in Spain with a mortgage, at least not for the minimum required. You must make a complete payment of at least €500,000 from your own finances, but you may be eligible to utilize a mortgage or financing for anything beyond that amount.

Can I Travel in Europe With a Spanish Golden Visa?

Yes, a Spain Golden Visa permits you and your family to travel visa-free inside the Schengen Area for up to 90 days during a 180-day period. Non-Schengen European nations, on the other hand, have their own visa regulations, thus visa-free travel is not always possible.

Do I Need Medical Insurance in Spain?

Yes, health insurance is a condition of the Golden Visa application procedure. Even if you never plan to reside in Spain, you and your family must have proper health insurance.

In Spain, what kind of health insurance should I have?

Residents of Spain are covered by the national health system. However, in order to access Spain's public health system, expats must be employed and pay taxes in the country, since the system is funded by taxpayers.

If you have a Golden Visa but do not plan to reside in Spain, you must get private health insurance from a firm that is permitted to do business in Spain. You and your family may utilize the nation's health system if you reside in the country and pay taxes.

Spain Golden Visa and Taxes

You do not have to pay income tax if you are not a full-time resident of Spain. Only if you live there for more than half the year are you considered a resident (more than 183 days).

If you have acquired a property in Spain, you must pay the necessary taxes, such as municipal and rental income taxes, regardless of your residency status.

You must pay 24.75 percent of your rental income or any other income earned in Spain if you are not a full-time resident.