If you're looking for a way to obtain residency in Spain while making a smart investment, the Golden Visa in Spain is one of the best options for 2024. This visa, also known as the Investor Visa, allows foreigners to reside in the country in exchange for making a significant investment, whether in real estate, stocks, or business projects. Below, we explain everything you need to know about how to obtain it and the benefits it offers.
What is the Golden Visa in Spain?
The Golden Visa is a residence permit created by the Spanish government to attract foreign investors who make significant investments in the country. It has gained popularity due to its relatively simple process and the multiple benefits it offers for both investors and their families. If you meet certain investment requirements, you can obtain residency in Spain without the need to live permanently in the country.
Main Requirements for the Golden Visa
To obtain the Golden Visa in Spain, you must make one of the following investments:
Real Estate Purchase: The most common option is to invest at least 500,000 euros in real estate. You can acquire one or more properties, as long as the total investment reaches this minimum value.
Investment in Stocks or Funds: You can also invest 1 million euros in shares of Spanish companies or investment funds.
Spanish Government Bonds: Another option is to invest 2 million euros in Spanish government bonds, which will also make you eligible for the Golden Visa.
Business Project: If you prefer to create a company in Spain, it must generate employment or contribute technological innovation to be considered a valid investment for the Golden Visa.
Benefits of the Golden Visa in Spain
The Golden Visa offers several benefits that make it very attractive for investors. Here are some of the most important ones:
Residency for You and Your FamilyWith the Golden Visa, you can include your spouse, children under 18, and dependent relatives in your application, ensuring that your entire family can benefit from residency in Spain.
Access to the Schengen AreaOne of the biggest advantages is that Golden Visa holders can travel freely within the Schengen Area without a visa, for up to 90 days every 180 days.
Renewal Without Permanent ResidenceIt's not necessary to live in Spain permanently to renew your Golden Visa. You only need to visit the country once a year, offering flexibility if you don't want to reside in Spain full-time.
Option for Spanish NationalityGolden Visa holders can apply for Spanish nationality, giving you the possibility of becoming a European citizen.
How to Invest in Real Estate to Obtain the Golden Visa
If you choose real estate investment to obtain the Golden Visa, here are the key steps to follow:
Find a Property: Select one or more properties with a total value of at least 500,000 euros. We can assist you with this process.
Purchase the Property: Complete the purchase and ensure you receive all official documents proving the investment.
Apply for the Golden Visa: With the purchase documents and other requirements like your passport and a criminal record certificate, you can apply for the visa.
Golden Visa Application Process
The application process is quite straightforward and consists of the following steps:
Make the Investment: Whether through purchasing property, investing in stocks, or bonds, the first step is to complete the required investment.
Gather Documentation: You'll need a valid passport, proof of investment, a criminal record certificate, and health insurance.
Submit the Application: You can submit your application at the Spanish embassy in your country or directly in Spain. The approval process usually takes between 20 and 30 working days.
Conclusion
The Golden Visa in Spain is an excellent opportunity for investors seeking residency through investment. Whether through real estate purchases or investments in stocks or bonds, this visa offers a range of financial and personal benefits for you and your family.
Not only will you have the chance to live in a country with a high quality of life, but also the opportunity to travel across Europe and enjoy tax advantages. If you're interested in starting the process, Biznexus Consulting, with the support of legal and real estate experts, is here to guide you along the way.
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