The Spain Residence by Investment Program – Golden Visa.
Today in Marmax Realty we are going to talk about Golden Visa. Spain is one of the most desirable destinations worldwide and is a highly sought-after location for investors. The country attracts millions of visitors every year with its amazing nature, beautiful beaches, gastronomy, diverse culture, and rich history. For those who wish to reside in this lively country, the Spain Residence by Investment Program (Golden Visa) is the most efficient way to acquire such status.
Under the residence by investment program, individuals and their immediate family members can become residents of Spain (through a temporary residence permit) within less than a month. Subject to general immigration rules and requirements, residents by investment can acquire permanent residence status after five years of continuous residence in Spain and may gain Spanish citizenship thereafter.
The Spain Residence by Investment Program is ranked 8th out of 26 programs on the 2022 Global Residence Program Index.
Benefits of the Spain Residence by Investment Program
- High quality of living
- Ability to include a spouse or unmarried partner, financially dependent children of any age (adult children must be full-time students), and financially dependent parents of the main applicant and/or their spouse who are 65 years and older
- The possibility to apply for Spanish citizenship after two years of effective residence for Sephardi Jews and citizens of Equatorial Guinea, Latin America, and the Philippines, and 10 years for other nationals.
- Excellent schools, with tuition available in English, French, German, Italian, Japanese, and Mandarin
Requirements of Spanish residence by investment
The Spain Residence by Investment Program requires that a foreign individual invests into either a real estate new project or a second hand property with a minimum value of EUR 500,000 (one or several properties). Documentary evidence of the investment must be provided as part of the application process.
Residents may apply for citizenship only in their 10th year of residence in Spain. However, Sephardi Jews and citizens of Equatorial Guinea, Latin America, and the Philippines can apply for Spanish citizenship after only two years of effective residence in Spain. Dual citizenship restrictions apply to most foreign nationals.
For Further Information Contact Marmax Realty
We have advised and assisted many clients regarding the Golden Visa Program. Our immigration lawyers work as partners and are able to coordinate and guide you throughout out the entire process.