Introduction

Spain is among the most sought-after holiday spots in Europe, boasting a rich culture and history. As a full member of the EU and Schengen Area, residents enjoy unrestricted visa-free travel across 27 European countries.

The Spanish Golden Visa offers you and your family the chance to live, study, and work in Spain without the need for permanent residency.

In 2013, the Spanish government introduced Law 14/2013, allowing non-EU citizens to obtain a temporary residence permit by investing in real estate valued at a minimum of EUR 500,000. This investment can be made directly by you as the primary applicant or through a company that you fully own.

Requirements

The program welcomes all non-EU applicants. Spain boasts a diverse range of real estate options, perfect for both lifestyle and investment purposes. The appealing climate and landscape make owning property in this sought-after country a significant advantage.

Real Estate: Minimum acquisition of €500,000

Bank Deposit: Investment fund of €1,000,000 in a Spanish financial institution

Government Bonds: Minimum investment of €2,000,000 in government bonds

Shares or Business: Minimum of €1,000,000 in shares of Spanish companies

Qualifying Dependents

As the main applicant, you are required to provide proof of the origin of your funds.

You may include your spouse on the application. They must be over 18 years old, not be an EU citizen, and have no criminal history.

Consideration may be given for older dependents subject to application and proof of dependency.

Additionally, you can include dependent parents.

Taxation

Holding a Golden Visa does not automatically make you a tax resident in Spain. You become a tax resident by spending more than 183 days in the country each year, or if Spain is the center of your economic interests or family ties.

The IRNR (Impuestos sobre la Renta de No Residentes) is the tax for non-residents. You are required to pay taxes on income earned in Spain, such as rental income, but there are no taxes on your global income or wealth. The tax rate is set at 24% on gross earnings.

Process Overview

After your initial inquiry, we will provide a summary of the program, including the application process.

We can obtain a Power of Attorney (PoA) which enables us to obtain a NIE on your behalf. Investors looking to establish residency in Spain can invest in real estate valued at €500,000 or more, which can include multiple properties.

There is no requirement to live in or rent out these properties.

You will initially receive a one-year Golden Visa from your nearest Spanish consulate. You will need to schedule a biometrics appointment for your TIE and collect this residency card in person.

Your TIE will be valid for three years and can be renewed every five years as long as you continue to meet the eligibility criteria, which includes maintaining property ownership.

Through the family reunification program, your spouse and children under 18 will receive a residence permit once your

application is approved by Spanish authorities.

Summary of Benefits

Visa-free travel throughout the Schengen Area

Right to live, work, and study in Spain

Residency granted within five months

No physical presence requirement

Investment options starting from EUR 500,000

High quality of life, fantastic local cuisine, rich culture, mild climate, and high level of security

Citizenship is possible after ten years of legal residence and two years for those from Ibero- American countries and former Spanish colonies.

Summary

Spain has rapidly become one of the most sought after Golden Visa offerings.

With some unique benefits, including no minimum stay requirements and the potential to get a Spanish passport in as little as 2 years.