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What is the Golden Visa and what are the eligibility requirements?

Many foreign investors interested in buying a home to reside in Spain are interested in obtaining the Golden Visa. This is a programme that allows investors to reside permanently in our country and enjoy all the same privileges. Here we will explain what exactly this visa is and what the requirements are for obtaining it.

What is the Golden Visa?

This visa, which is also officially known as a card or residence permit within the Spanish territory for non-EU foreign investors, is a programme that is regulated as per the article 63 of the legislation dated 14/2013, September 27th. Specifically, it is an official permit for non-residents who wish to enter the Spanish territory with the purpose of making a high capital investment.

In accordance with article 65 of the law mentioned above, this visa allows the non-EU investor to reside within the country for at least twelve months. After that period, provided that the requirements are still met, it will be possible to renew the visa for another year. In addition, its concession means that it is not necessary to apply for the TIE (identity card of the foreigner in Spain).



Spain - Golden Visa

Requirements for obtaining the Golden Visa

Who is eligible for this visa?

Investors who:

- Buy a property with a value of €500,000 or more.

- Invest 2 million euros or more in Spanish public debts.

- Acquire shares of Spanish companies or invest 1 million euros or more in bank deposits in national financial entities.

- Start business projects of general interest in Spain, and create employment that contributes to scientific and / or technological innovations and / or has a positive socioeconomic impact in the region where the company will operate in.

The necessary documents to process the application

The non-EU investor who wishes to obtain this card or residence permit in Spain will have to provide, within the agreement that our country has with his home country, the following documentation: 

- A correctly filled out document or application form. 

- Two colour passport photos. 

- In the case of applying for the visa based on a property purchase, the title deeds or a certificate issued by the Land Registry within a period of less than 90 days. 

- Valid passport. 
 
- Proof of no criminal record. 
 
- Proof of financial solvency. 
 
- Valid medical insurance from a company in Spain


Spain - Engel & Völkers

Once you have all the documents ready, you can apply for this permit and receive it almost immediately. This card, as we have already mentioned, is essential to be able to reside permanently in our country without needing to apply for a visa, citizenship or undergo any other procedure. Without a doubt, it is one of the best options for all those non-EU investors interested in living within the country without any major worries or complications.

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