The Golden Visa in Spain is a residency program that allows non-European Union citizens to obtain a residence permit in Spain in exchange for making an investment in the country. By investing a certain amount of money in real estate, business projects, or public debt, individuals can qualify for the Golden Visa and gain the right to live and work in Spain. The program was introduced in 2013 to attract foreign investors and boost the Spanish economy.
WHAT INVESTMENT IS NEEDED FOR THE GOLDEN VISA?
The investment threshold for the Golden Visa in Spain varies depending on the type of investment made. Here are the different options and their corresponding minimum investment amounts:
1. Real Estate: The most common option is to invest in Spanish real estate. The minimum investment threshold for this option is €500,000. Consult with us to find available opportunities on the market.
2. Business Projects: Investing in business projects, such as launching a new company or investing in an existing Spanish business, also qualifies for the Golden Visa. The minimum investment threshold for this option is €1 million.
It’s important to note that these amounts are subject to change, so it is advisable to consult with our lawyers or official sources to get the most up-to-date information on the investment requirements for the Golden Visa in Spain.
WHAT RIGHTS DO I GET WITH THE GOLDEN VISA?
With the Golden Visa, individuals gain several rights and benefits, including:
1. Residency rights: Golden Visa holders have the right to live and work in Spain, as well as travel within the Schengen Area without the need for additional visas.
2. Family reunification: The Golden Visa also extends to immediate family members, such as the spouse and dependent children under 18 years old, allowing them to reside and work in Spain as well.
3. Flexibility: Unlike other residency permits, the Golden Visa does not require individuals to reside in Spain for a specified period. This means that individuals can maintain their residence in another country while enjoying the benefits of the Spanish residency.
4. Access to healthcare and education: Golden Visa holders have access to Spain’s public healthcare system and can enroll their children in Spanish schools or universities.
5. Business opportunities: The Golden Visa allows individuals to establish or invest in businesses in Spain, creating opportunities for economic growth and integration into the local business community.
It’s important to note that while the Golden Visa offers several advantages, it does not provide access to certain social benefits or the right to vote, as those are typically reserved for Spanish citizens.
LOOKING TO INVEST IN LA COSTA DEL SOL?
If you are interested in purchasing property in La Costa del Sol and gaining access to the Spanish Golden Visa, contact us now. With our wide market knowledge, access to the best properties and professional lawyers who can consult on your legal requirements, we are one of Marbella’s first choice agencies for guiding our clients from start to finish. Speak with one of our agents today!
