Spain Citizenship by Investment

The Spain Residency by Investment program is also called the Golden Visa Program. The government launched it in 2013 to boost the country’s economy. According to Spain Golden Visa, foreign investors can obtain residency along with their families by investing €500,000 into real estate. They can also rent it out to generate income. The residency permit is granted for two years and you can renew it after five years

The Spanish government has no requirement for Golden Visa holders to reside in the country. Spain is a European Union member. Being a Spanish citizen allows you to travel throughout the Schengen area in Europe.

All the family members are granted free access across the Schengen area and enjoy visa-free travel. You can easily renew your residency online.

Golden Visa holders can apply for permanent residency after spending five years in Spain. This means the Golden Visa holders should at least spend six months each year in Spain so that after 10 years, they can apply for citizenship.

Citizenship by Investment Spain – Golden Visa Features

Investment

Applicants need to invest at least €500,000 in real estate to qualify for the Spain Golden Visa citizenship program. The investors should contribute to the social, economic, and technological development and their business should generate jobs.

Dependents

Spanish Golden Visa allows the applicants to add their spouse, unmarried partner, and elderly parents as dependents. Moreover, children under 18 years of age and those who are not minors are dependent due to health or mental conditions qualify for the visa as well.

Processing

Once you are eligible to apply for Spain citizenship by Investment and have completed all formalities, you will be issued an initial residence permit in less than 30 days. The duration of this permit is for a year or two. But you can extend it to 5 years on request.

Visa-Free Travel

After getting a passport through investing in Spain, you get to live, study, and work in Spain. Moreover, you will get a chance to easily travel to 26 countries in the Schengen zone without any hassle of getting a visa or getting a visa on arrival.

Tax Benefits

For incomes that are generated outside of the country, there are no tax impositions. The non-residents employed in Spain or getting a pension are liable to pay tax at 24%. Profits generated from renting out a property, investing in banks, and claiming dividends are taxed at 19%.

Investment Options for Spain Golden Visa

There are multiple options for applicants to get Golden Visa Spain. Here are the different options offered by the Government of Spain. With Spain’s investment options, non-EU investors can purchase a residential or commercial property.

This investment should be made in any government-approved real estate project at a minimum cost of €500,000. The applicant has to maintain ownership of the property to qualify for renewal of the Spanish residency permit. The investor can lease it to generate income or reside in the property himself.

After applying for citizenship in Spain, when the applicant acquires permanent residency or citizenship and a passport, the residency permit renewals become unnecessary and the property can be sold as well.

Real Estate

The minimum investment required for real estate is €500,000. A candidate can either buy a property for at least €500,000 or more than one property whose combined value is a minimum €500,000 is acceptable.

Business Setup

The applicant can establish a business in Spain, which contributes to the country’s economy.

Another investment option is investing in shares or depositing in a bank. However, the minimum deposit amount should be at least €1,000,000.

Government Bonds

You can invest by purchasing bonds issued by the Spanish government, the minimum value required for investing in government bonds is €2,000,000.

Spain – An Overview

Known as one of the best destinations to live, Spain is one of Europe’s largest countries. With about 100 islands, the country directly shares national borders with 5 countries, Portugal, France, Morocco, Andorra, and Gibraltar. Spain thrives on art, theatres, tourism, agriculture, and technology.

The country is known for its strong economy and every professional and industry is contributing to the economy. It is a popular destination to do business as the Spanish market is favorable for business growth. Spain is home to numerous historical sites, pristine beaches, and stunning mountain views. The country boasts a rich history cultural traditions and values.

Spain offers an excellent quality of life. The country has been touted as the healthiest country in the world, and the best country for expats, and the city of Barcelona was named the Best city for families in Europe.

Eligibility Criteria for Spain Golden Visa

Here are the eligibility requirements for the Spanish Golden Visa:

Investors should be at least 18 years of age

They should have a clean criminal record in Spain and the country they have previously lived in

The applicants need to provide detailed bank statements proving the financial resources to support their residency in Spain

The applicants should have no prior visa or entry rejection to any EU country.

Any potential investor who wishes to acquire Spain residency by investment has to invest as approved by the Government of Spain. He should invest at least €500,000 in any real estate projects the Spanish government has approved.

Investors can invest in:

A business project

Purchase shares

Deposit money in the bank

Purchase government-issued bonds

Documents for Spain Citizenship by Investment

Here is the list of documents each of the applicant has to submit, including children:

A valid passport

Two passport-sized photos

Proof of medical insurance

Certified copy of criminal record certificate

Medical certificate

Copy of birth certificates

Country of origin for the last five years

Bank statements for the last year

Depending on the relationship, marriage, or divorce certificate

Documents translated into Spanish or English and legalized in the country of Residence by the Consulate of Spain

The investment consultants at MAVEN MIGRATION SERVICES make the document preparation and collection process as easy as possible.

Process for Spain Citizenship by Investment Program

Here is the step-by-step process for Spain citizenship by Investment program:

Submit your correctly filled visa application with the required documents to the nearest Spanish consulate or embassy.

Demonstrate your commitment to investing in Spain.

You will have to visit Spain to take a look at different investment schemes, open a bank account in a bank in Spain, and meet with lawyers.

After selecting the property for investment and finalizing the initial documentation and formal procedures, candidates can go back to their home country to complete the transaction and transfer the remaining amount.

It will take a couple of months for the property to completely transfer in the buyer’s name.

The dependents of the principal applicant must submit a Spain visa application as dependents. The documents should prove they are family relations.

Benefits of Spain Golden Visa Citizenship by Investment Program

Once you become a Spanish citizen, you can enjoy a wide range of benefits. With the Spain Golden Visa program, you can enjoy the following perks:

01

A high quality of life

02

Excellent security, safety, education, and health facilities

03

Visa-free access to 190 countries

04

Citizens can get residency permits within 3 months

05

Investors and their dependents can live, work, and study in Spain

06

The applicant does not have to stay in Spain nor needs to show any proof of staying there to get citizenship.

07

The legal family dependents can get a residency permit

08

Maintain residency without living in the country

09

Candidates are eligible to apply for Spain citizenship after spending 10 years in Spain

MAVEN MIGRATIN SERVICES – Get Professional Assistance to Acquire Spain Citizenship

MAVEN MIGRATION SERVICESis a reputable and trustworthy investment and immigration agency. We are a reliable agency that will ensure a smooth application process for Spain residency by investment from Dubai. Our professional expert consultants will assist you in obtaining permanent residence in Spain.

We can assist you and your family from the application submission to document preparation to ensure a smooth and seamless Spain citizenship program. Whether you reside in Abu Dhabi, Dubai, or Sharjah, we are here at your service.

Here is how:

Pre-requisite Check

The Government of Spain has a rather rigorous process of managing and checking the applications, and the data filled are thoroughly verified. Any document with false or unclear information would result in the decline of the application. Applying through an experienced consultant helps prevent delays and disturbances.

Application Submission

Candidates can apply for a permanent residence card in Spain while staying in their country of residence. A successful visa will let them live in Spain for a year. After a year, they can apply for residence permit cards.

Those who are staying in Spain on a tourist visa can directly apply for a Spanish residence permit that oversees the first condition.

Background Check

After submission, every application goes through a thorough check to ensure all information is correct and all documents are verified. Therefore, it is essential that the application is reviewed multiple times to ensure there is no hindrance to approval.

Get in touch with us today. DM Consultants has the expertise and experience that guarantees a successful submission of application and approval.