What is the Golden Visa?

Golden Visa

The Golden Visa is a type of residency visa that Spain has been offering to foreign investors since 2013, with the aim of attracting investment to the country. This visa offers a fast and simplified route to obtaining residency.

Main Requirements

To obtain the Golden Visa, investors must meet one of the following investment criteria:

1. Investment in real estate: Acquire real estate in Spain for a minimum value of 500,000 euros.
2. Investment in Spanish companies: Make an investment in Spanish companies for a minimum value of one million euros.
3. Bank deposits: Deposit one million euros in Spanish bank accounts.
4. Public debt: Acquire Spanish public debt for a minimum value of two million euros.
5. Business projects: Develop a business project in Spain that is considered to be of general interest, which may involve the creation of jobs, a significant contribution to scientific or technological innovation, or have a positive socioeconomic impact in the geographical area where it is located.

Benefits of the Golden Visa

1. Residence: The Golden Visa allows legal residence in Spain. It is initially granted for two years, renewable every five years.
2. Schengen mobility: Holders of the Golden Visa can move freely throughout the Schengen area, which includes 26 European countries.
3. Residence for family: Direct family members (spouse and children under 18, or dependent adults) can also obtain residence.
4. No obligation to permanently reside: There is no obligation to reside in Spain to maintain the visa, it is only necessary to visit the country at least once during the initial residence period.

Objective of the Golden Visa

The main objective of the Golden Visa is to attract foreign investment to stimulate the Spanish economy, especially after the financial crisis of 2008. Investments in real estate have been particularly popular, helping to boost the property market.

In short, the Golden Visa serves as a tool to attract international investors to Spain, offering them significant advantages in terms of residency and mobility within the European Union.