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HomeSpanish Golden Visa Program: Your Path to EU Residency in 2024 - Lincoln Global Partners

Embark on a Journey of Residency and Investment in Spain. The Spanish Golden Visa program, renowned as one of the most prominent investment migration programs globally, offers High Net Worth Individuals (HNWIs) an unparalleled opportunity to secure residency in a stable and secure EU nation. Spain, with its visa-free access to the Schengen area and a potential pathway to citizenship, stands as a beacon for global investors.

Spain stands out as one of Europe’s premier destinations for tourism, securing awards consistently and drawing in more than 80 million tourists annually. Famed for its diverse landscapes, rich cultural heritage, and vibrant cities, Spain offers a dynamic environment for both residents and visitors. Moreover, with a robust domestic real estate rental market, investors can capitalize on favorable conditions, yielding high returns on both short-term and long-term rental properties.

European Residency Programs

Spain Golden Visa
Key Benefits

Visa Free Travel to the Schengen area
Golden Visa investors enhance their international mobility, enabling them to travel visa-free for a duration of 3 months within every 6-month period across the 26 Schengen Area countries.
Fast route to Citizenship
Investors with a Golden Visa, fulfilling the stipulated minimum stay criteria, are eligible to pursue permanent residency after 5 years and a citizenship after 10 years in Spain. Individuals from Ibero-American nations and former Spanish colonies, such as Argentina, Brazil, Mexico and The Philippines can enjoy a fast-track process, obtaining citizenship in just 2 years.
No minimum stay requirements
The Spanish Golden Visa program generally does not impose specific annual stay requirements on investors
NHR Tax Regime
Foreign residents acquiring the Spanish Golden Visa can potentially benefit from the Beckham Law, enjoying a special tax regime with favorable conditions, including a flat income tax rate of 24% on Spanish-source income for a limited period, subject to eligibility criteria.
Access to high quality education
Golden Visa investors unlock the opportunity to enroll their dependent children in prestigious public and private schools, ensuring a top-tier education experience in Spain.
Access to a high quality healthcare system
Golden Visa investors in Spain gain access to local Spanish healthcare services, ensuring a high standard of medical care and well-being for themselves and their families.
Diversify your investment portfolio and earn income
By strategically investing in real estate or investment funds in Spain, clients not only diversify their investment portfolio but also open avenues for potential passive income in a robust foreign currency. The country's diverse regions, from the historic charm of cities like Madrid and Barcelona to the picturesque landscapes of Costa del Sol, offer unique opportunities for lucrative investments
Spanish Golden Visa Program

Spanish Golden Visa Program
Investment Routes From €500,000

Your investment routes to residency in Spain in 2024
Real Estate Investments from €500k

Embark on the Spanish Golden Visa journey with a real estate investment starting from €500,000. This can be allocated to various properties, including residential, commercial, industrial, or parking spaces. For every €500K invested, secure 1 Golden Visa. Larger investments may qualify for multiple (family) visas.

Minimum investment of €1,000,000 into shares of a Spanish company

The “Business Projects” option for the Spanish Golden Visa program involves making a substantial investment in shares or stakes of Spanish companies or investment funds. Applicants choosing this route must invest a minimum of €1 million. Shares or stakes can be acquired in existing Spanish companies or investment funds. These could span various sectors, including technology, industry, services, or any other sector eligible for investment. The investment is expected to have a positive impact on the Spanish economy. It may contribute to the growth and development of the chosen businesses or funds.

A minimum €2,000,000 investment into Spanish government bonds.

The “Government Bonds” option for the Spanish Golden Visa program allows investors to contribute to Spain’s economic development by making a significant investment in government bonds. Applicants choosing this option are required to make a minimum investment of €2,000,000.

Government bonds are debt securities issued by a government to raise capital. Investors essentially lend money to the government in exchange for periodic interest payments and the return of the principal amount upon maturity. The investment in government bonds is seen as a direct contribution to Spain’s economic stability and development. The funds raised through the sale of these bonds can be utilized by the government for various public projects and initiatives.

Bank Deposit of at least €1,000,000 into a Spanish financial institution

The Spanish Golden Visa program includes a “Bank Deposit” option, allowing investors to contribute to the Spanish economy through a deposit in a financial institution. Investors opting for the Bank Deposit option are required to make a minimum deposit of €1,000,000 in a Spanish financial institution. The deposit can take the form of either a fixed-term deposit or a savings account, depending on the investor’s preference and the terms offered by the chosen bank.

A minimum investment of €1 million into Spanish Private Equity or Venture Capital Funds

The investor is required to make a minimum investment of €1 million into Spanish private equity or venture capital funds to qualify for the Golden Visa. Such investment funds that provide financing to startups and small businesses with high growth potential. By investing in these funds, Golden Visa investors contribute to the development of innovative and entrepreneurial projects in Spain.

Other Investment Options

Investors may qualify for the visa by making a significant contribution to the Spanish job market. The specific requirement involves the creation of jobs through business activities or investments in Spain. The details may vary, but typically, the investor needs to demonstrate that their investment has resulted in the generation of employment opportunities for Spanish citizens or residents.

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Spanish Golden Visa Program Investment Options

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Spain Golden Visa Program

Process to Citizenship

Achieving citizenship through the Spanish Golden Visa program is a streamlined process for investors. After obtaining the Golden Visa and meeting the minimum stay requirements, investors can apply for permanent residency after 5 years. Subsequently, they become eligible for Spanish citizenship after 10 years.

It's worth noting that citizens of Ibero-American countries and former Spanish colonies, such as Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, Dominican Republic, Ecuador, Equatorial Guinea, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Peru, The Philippines, Uruguay, and Venezuela, enjoy an accelerated timeline, being able to apply for citizenship in just 2 years.

This inclusive policy extends the benefits not only to the primary investor but also to their spouse/partner, children under 18, and other financially dependent family members. The Spanish Golden Visa program thus stands as an attractive pathway to citizenship for a diverse range of individuals, offering a faster route to those from specific nations with historical ties to Spain.

STEP 1Initial consultation

Reach out to LGP to initiate your first consultation. During this session, delve into the advantages of the Golden Visa program, and explore a diverse range of investment opportunities available in the market.

STEP 2Client onboarding

LGP conducts compulsory background checks on clients as part of the client onboarding process. Upon approval, LGP will issue a letter of engagement, initiating the onboarding procedures.

STEP 3Open bank account and obtain tax no.

Once you designate our legal representative in Spain to manage your tax affairs, the Spanish Golden Visa process is set in motion. Subsequently, the attorney will initiate the application for your Spanish tax identification number and facilitate the opening of your Spanish bank account, whether conducted remotely or in Spain.

STEP 4Making your Investment

The subsequent step in securing your Golden Visa involves making your investment. Funds for Golden Visa investments must be transferred from the applicant's designated bank account in Spain. Once the local bank account is funded, applicants can proceed to finalize their chosen investment option, be it real estate, investment funds, or another qualifying route.

STEP 5Preparing and submitting your application

LGP will guide you through the preparation of your Spanish Golden Visa application. After gathering all necessary documents, they will assist in uploading them to the designated online portal managed by the Spanish immigration authorities. Upon submission for pre-approval, you can schedule an appointment to visit Spain for the submission of original documents and biometrics.

STEP 6Application Approval

Upon successful approval of your application, you will receive an official notification confirming the success of your Golden Visa application, along with the issuance of a residence authorization. Subsequently, you will be scheduled for a biometrics appointment to obtain your residence card (TIE).

STEP 8Golden Visa renewals

The initial investor residency card, obtained through the Spanish Golden Visa, is valid for a total of 2 years. Upon the expiration of this period, you are required to renew it. Under the Entrepreneur’s Law is that following the initial renewal, your new card will be valid for an extended period of another 5 years. This offers a more extended and stable residency option for Golden Visa investors in Spain.

STEP 9PR & Citizenship applications

After holding the Golden Visa residence permit in Spain for 5 years, investors and their family members who spend at least 183 days per year in the country can apply for permanent residency. Furthermore, after 10 years of holding a Golden Visa, investors and their family members are eligible to apply for Spanish citizenship.

The duration of the processing time for permanent residency and citizenship applications in Spain can vary. Typically, the processing time for permanent residency may take several months, while citizenship applications may take a year or more.
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FIND THE RIGHT ANSWER

Frequently
Asked Questions

Checkout our FAQ's or reach out to us directly via the contact form at the bottom of the page with further questions.
Who can apply for the Spain Golden Visa Program?

The Spanish Golden Visa is available to non-European Union (EU) nationals, providing an opportunity for residency through qualified investments.

Can I include my family members on my application as dependents?

Under the Spanish Golden Visa program, the main applicant can include the following dependents in their application:

  1. Spouse or Registered Domestic Partner: The spouse or registered domestic partner of the main applicant is eligible to be included.
  2. Children: Children under the age of 18 are generally included in the application while children above the age of 18 must prove dependency on the main applicant.
  3. Dependent Parents If the applicant’s parents are dependent on him/her, they may also be included
Are there any other requirements to be eligible for the Portuguese Golden Visa?

In order to be eligible to apply for the Spain Golden Visa investors must also provide the following:

  1. Clean Criminal Record: Applicants are generally required to have a clean criminal record in both Spain and any previous countries of residence. Any criminal convictions may affect eligibility.
  2. Health Insurance: Proof of valid health insurance covering the entire stay in Spain is often required.
  3. Financial Means: Applicants may need to demonstrate they have sufficient financial means to support themselves and their dependents during their stay in Spain.
  4. No Entry Ban: Applicants should not be subject to entry bans in Spain or other Schengen countries.
Is it possible to work in Spain with a Golden Visa?

 Yes, Golden Visa holders have the right to work and conduct business activities in Spain.

What other costs and fees are involved in the Portuguese Golden Visa Program Investment Process?

Legal fees associated with processing the Golden Visa for the applicant and their family are applicable and will vary based on the family composition and individual circumstances. Additionally, a government processing fee of 70 Euros per applicant is also applicable.

When purchasing real estate in Spain, investors should be mindful of various taxes, stamp duty, and associated fees. A recommended budget of around 12-13% of the property’s total value is suggested, with the primary component being Value Added Tax (IVA). Conveyancing fees, typically around 1.0% of the property purchase price, should also be considered in the budgeting process.

How long does the process take?

The duration of the Spain Golden Visa process can vary, but typically it takes between 2 to 3 months to receive the initial residency card. After the initial card, the renewal process is relatively straightforward, and the renewed card is valid for another 5 years.

Is the Spanish Golden Visa a temporary or permanent residency permit?

The Spanish Golden Visa initially grants temporary residency, allowing individuals to reside in Spain for one year, with the possibility of renewal as long as program requirements are met. After holding the Golden Visa for a specified period, typically five years, applicants may become eligible to apply for permanent residency. Ultimately, this residency-by-investment program offers a pathway for individuals to establish long-term ties with Spain, potentially leading to permanent residency and, in some cases, eligibility for Spanish citizenship.

When can I sell my Spain Golden Visa investment?

The Spanish Golden Visa program does not have a specific requirement for investors to maintain their investment for a minimum duration. Investors can typically divest from their initial investment after obtaining the Golden Visa. However, in order to renew ones residency permit the investor will be required to show that they have an eligible investment at each renewal.

How can I obtain citizenship in Spain through the Golden Visa Program?
  1. Residency Period: You need to have legal and continuous residence in Spain for a certain period. The standard requirement is 10 years, but it can be reduced to 2 years for nationals of Ibero-American countries or former Spanish colonies.
  2. Integration: Applicants are generally required to demonstrate integration into Spanish society. This may include knowledge of the Spanish language, culture, and history.
  3. Clean Criminal Record: You must have a clean criminal record, both in Spain and in any previous country of residence.
What documentation is required for the Spanish Golden Visa application?

Specific document requirements for the Spanish Golden Visa vary depending on the type of investment and the applicant’s individual circumstances. However, commonly required documents include:

  1. Valid Passport: A valid passport with a minimum validity period.
  2. Visa Application Form: Completed and signed visa application forms.
  3. Investment Documentation: Documents proving the investment made in Spain, such as:
    • Real Estate Investment: Title deed, property registry filing, and proof of purchase.
    • Business Investment: Incorporation documents, business plan, and evidence of investment.
    • Capital Transfer: Bank statements and proof of the capital transfer.
  4. Background Checks: Police clearance certificate or criminal record check from the applicant’s country of residence.
  5. Health Insurance: Proof of health insurance coverage.
  6. Proof of Funds: Bank statements or other evidence of financial means to support the applicant and dependents.
  7. Medical Certificate: A medical certificate confirming that the applicant doesn’t suffer from any diseases that could pose a public health threat.
  8. Proof of No Criminal Record: Documentation proving the absence of a criminal record.
  9. Proof of Accommodation: Confirmation of accommodation arrangements in Spain.
  10. Payment of Fees: Payment of the relevant visa processing fees.
Do Golden visa residents automatically become a tax resident in Spain?

No, it’s important to note that immigration status and tax residency are separate considerations. While obtaining a Golden Visa may grant residence rights, it does not automatically confer tax residency. Individuals holding a Golden Visa should carefully review the tax laws of Spain and may need to meet additional criteria to establish tax residency.

In Spain, tax residency is determined by factors such as the number of days spent in the country, economic interests, and family ties. Generally, if an individual spends more than 183 days in a calendar year in Spain, they are considered a tax resident. However, other factors can also contribute to determining tax residency.

What is 'Beckham Law' and how can it benefit Spanish Golden Visa Investors?

The “Beckham Law,” officially known as the “Impatriates Law” (Ley Beckham or Régimen fiscal aplicable a los trabajadores desplazados a territorio español), was introduced in Spain in 2005 as an incentive to attract talented and qualified workers to the country. Under the Beckham Rule regime, foreign workers who move to Spain and become residents are considered non-tax residents for tax purposes, allowing them to benefit from certain tax advantages. The law allows for taxation only on Spanish-source income, and the tax owed on the first €600,000 of this income is fixed at a reduced rate of 24%. This reduced tax rate was part of an effort to encourage high-skilled professionals, including athletes and executives, to choose Spain as their destination for work and residence, promoting economic growth and international talent acquisition.

What are the requirements to maintain my residency in Spain?

The initial Golden Visa is typically granted for one year, after which it can be renewed. To renew the residency permit, individuals must demonstrate that they continue to meet the investment and other requirements.

While the Golden Visa does not mandate continuous physical presence in Spain and there is not set minimum stay requirements to maintain residency. It is recommended that residents spend a certain number of days in Spain each year.

If I invest into a property that has not been completed will I still qualify for the Spanish Golden Visa?

The Spanish Golden Visa program allows for various investment options, and real estate investment, including off-plan property, is one of the qualifying categories.

Can I invest in multiple properties and qualify for the Spanish Golden Visa?

The Spanish Golden Visa program allows for flexibility in the types of real estate investments that can qualify for the visa. This includes the possibility of investing in multiple properties to meet the required investment threshold.

Can I finance my Spanish Golden Visa investment?

Investors are typically expected to demonstrate that the funds used for the investment come from their own resources from their home country and are not the result of a loan or financing arrangement. This is applicable to various qualifying investments under the Golden Visa program, including real estate investments. However, in some cases foreign loans can be accepted as eligible funds.

Can I make my Golden Visa investment from a company?

Certainly, however, you must meet two prerequisites and one stipulation.

Prerequisites:

  1. The Golden Visa applicant must possess the majority of the voting rights within the company.
  2. The applicant must hold the authority to appoint or dismiss board-directed members.

Stipulation:

The company must be registered in a country that is not considered a tax haven.

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