> Residency by Investment > European Residency > Spain 

Spain Golden Visa

Residency by Investment

Spain's Golden Visa - Residency By Investment Program

In 2013, Spain introduced its Golden Visa program to stimulate its economy. This program allows foreign investors to obtain residency, along with their families, by investing €500,000 in real estate that can generate rental income. Initially granted for two years, this Spanish residency permit can be renewed for five years. Notably, living in Spain is not required, and family members can travel within the Schengen zone without additional visas. The renewal process is online, accessible from anywhere globally. After five years, permanent residency is an option, provided the investor spends at least six months per year in Spain. Citizenship can be applied for after ten years.

How to obtain Spain’s Golden Visa

Real estate investment 

Through this investment option, non-European Union investors have the opportunity to purchase a commercial or residential property within government-sanctioned real estate ventures, requiring a minimum investment of €500,000. To maintain eligibility for the Spanish residency permit, the investor must retain ownership of the property. The property can serve as either the investor’s place of residence or be leased out to generate rental income. As soon as the applicant obtains permanent residency, citizenship, and a passport, the need for residency permit renewals ceases, and the property can be sold if desired.

program-icon-watch.webp
Processing Time

3 weeks

program-icon-loan.webp
Real Estate From

€500,000

program-icon-airport.webp
Visa-Free Access To

EU Schengen zone

Spain's Investment Option

Make a real estate investment of €500,000 in a residential or commercial property.

€500,000

Real estate investment

Through this investment option, non-European Union investors have the opportunity to purchase a commercial or residential property within government-sanctioned real estate ventures, requiring a minimum investment of €500,000.

Why Choose Spain?

    • Tourism Sector: Spain’s thriving tourism industry creates investment opportunities in hospitality and accommodations due to the consistent influx of tourists.
    • Stable Economy: Spain has a stable and diversified economy, making it a reliable environment for investments with growth potential.
    • Quality of Life: Spain provides a high quality of life with excellent healthcare, education, and lifestyle options, making it an appealing destination for professionals and families alike.
    • Flexibility in Residency: Investors have the flexibility to maintain residency in Spain without the need to reside in the country, offering convenience and freedom of choice.
    • Living and Work Opportunities: Investors and their dependents can live, work, and study in Spain, opening up a range of personal and professional opportunities within the country.

Cost of living in Spain

The cost of living in Spain depends upon your chosen lifestyle and location, but overall, it is considered an inexpensive country in comparison with Western European nations.

Housing

Housing costs in Spain, particularly in cities like Madrid and Barcelona, can be significant. Renting a one-bedroom apartment in Madrid typically costs around EUR800 per month, while a two-bedroom apartment can go for approximately EUR1,200 per month. In Barcelona, the median rent for a one-bedroom apartment is about EUR950 per month, with a typical two-bedroom apartment averaging around EUR1,400 per month.

Food

Spain offers affordable food prices; one person could spend between EUR300-400 monthly on their groceries alone. Eating out is also cost effective with moderately priced restaurants offering meals starting from EUR15-20 per head per meal.

Transportation

Transport costs vary based on how and where you travel. Major cities allow residents to quickly access public transit. An annual pass for public transportation in Madrid costs EUR 54, while in Barcelona, this will run you EUR 56 per month in ticket fare.

Utilities

Average costs per month for services in Spain range between EUR 100 and EUR 200, including costs related to gas, electricity, water, and internet services.

Healthcare

Spain boasts an unmatched healthcare system that ensures everyone has access to basic medical services. There are some private services that are not covered under public healthcare plans. Their price will depend on which services are needed and may change accordingly.

Education

All children aged six to sixteen in Spain can access Spain’s public education system for free. Private schools do, however, charge tuition, – price of which will depend on which school it is being attended at.

Key Facts

Capital

Madrid

Languages

Spanish

Currency

Euro

Population

47,519,628

What are the eligibility criteria to apply for the Spain Golden Visa?

  • Minimum networth €500,000 
  •  No criminal record 
  • Age 18 years old and above 
  • No deportations / visa refusals

General Visa Requirements

  • Not being in an irregular position in Spanish territory.
  • Being over 18 years of age.
  • No criminal records in Spain or in countries of residence over the past five years.
  • Having valid public or private health insurance in Spain.
  • Sufficient financial resources for yourself and your family during your residence in Spain.
  • Payment of the official visa processing fee.

How Many Dependents Can be Included in a Single Application?

In the Spain Golden Visa application, eligible family members who can be included are:

  • Spouse
  • Financially dependent children of any age ( adult children must be full time students) 
  • Dependent parents who are 65 years and older.

Starting investment for Spain Residency is €500,000

[testimonial_text2]

Get Free Consultation

    Step by Step procedures and time frame for obtaining Spain Golden Visa

    1. Choose your investment route
    2. Open a Spanish bank account and obtain an NIE for easier business and personal transactions. The NIE is necessary for all sorts of bureaucratic and official processes in Spain, including buying a house
    3. Meet financial requirements: Ensure your documents are translated and legalized as per Spanish government standards.
    4. Prepare necessary documents,including property-related certificates and notarized translations.
    5. Submit the initial application to the Spanish Consulate, paying the application fee and providing the required documents.
    6. Apply for a residency permit (if you applied for your Golden Visa from outside of Spain)
    7. Attend the biometric collection session in Spain, awaiting final approval, and pay the permit issue fee upon approval.
    8. Receive your Golden Visa: If the investor applies from outside Spain, they will receive a visa valid for a maximum of 1 year.  The residency permit (applied for once the investor is in Spain) is valid for 3 years and can then be renewed.  If the investor is already legally in Spain, they can apply for residency directly.
    9. Renew the permit after two years and achieve permanent residency in five years. (It’s important to note that someone who has a Golden Visa will not automatically be able to apply for permanent residency and nationality.  Although a person can continue to renew their Golden Visa as long as they have kept their investment and visited Spain at least once a year, the rules are different for permanent residency and nationality.  If someone aims to apply for permanent residency and nationality, there are limits on the amount of time you can be out of the country.)
    10. Apply for Spanish citizenship, which grants a Spanish passport after ten years.

    How do I avoid mistakes when applying for the Spain Golden Visa?

    When embarking on the journey to obtain residency in Spain, entrusting your application to a reputable migration agency like Migrate World can be the strategic advantage you need. Our seasoned experts are well-versed in the intricate details of the application process, ensuring meticulous adherence to the country’s stringent requirements. With a track record of successful outcomes, Migrate World offers personalized assistance, saving you valuable time and minimizing the risk of errors that could delay or hinder your application. As your dedicated partner, we not only simplify the complexities but also provide you with up-to-date insights, empowering you to make informed decisions.

    Additional Requirements for Golden Visa Investors

    • Valid passport.
    • Health insurance documents from a company operating in Spain.
    • Background checks.
    • Proof of sufficient financial resources.
    • Specific investment-related documents based on the type of investment, such as certificates, statements, or reports.

    Program Summary

    Learn more about the country and it's citizenship by investment.

      Similar Residence by Investment Programs

      Spain's Golden visa Benefits

      • Right to live and settle in Spain
      • Processing time is around 3 weeks 
      • Visa – free travel within the EU Schengen zone 
      • Residency is renewable every 2 years 
      • Inclusion of dependent parents who are 65 years and  older 
      • Inclusion of financially dependent children of any age (adult children must be full time students) 
      • No residency requirement to obtain visa

      How can the Migrate World Help You?

      Migrate World team offers essential support to clients pursuing Spain’s Golden Visa. With expert guidance, personalized solutions, and thorough assistance in documentation, investment choices, application, due diligence, and post-approval steps, Migrate World ensures a smooth and successful journey toward obtaining  residency in Spain. Clients benefit from their expertise, minimizing complexities and maximizing the likelihood of a favorable outcome.

      Comparing Residency by Investment Countries

      Similar Citizenship by Investment Programs

      Does Spain provide a Golden Visa?

      Yes, Spain offers a Golden Visa program, officially known as Spain residence by investment . This program allows non-European Union citizens to obtain Spanish residency by making a significant investment in the country, typically through real estate purchases

      Schedule a meeting with us 

      Frequently Asked Questions

      To secure residency in Spain, investors are required to purchase a commercial or residential property within government-sanctioned real estate projects, with a minimum investment threshold of €500,000.

      The residency can be renewed every two years.

      Applications must be made 365 days after the purchase, and if not done, they have to be done no later than 6 months after the pre-purchase settlement.

      Related Articles

      Hungary – European Grandeur

      With its prime location in Central Europe, Hungary has witnessed the rise and fall of great empires—from the Romans to the Ottomans. But Hungary hasn’t …

      Read More →

      Subscribe to our newsletter to receive the latest immigration news and events.

        By subscribing, you agree to Migrate World’s Privacy Policy.
        165040_flag_256x256.png

        Tailored Investment

        Startup Business

        Organization
        or
        Cooperation

        10-Year Residency In The Sultanate Of Oman: Business Investment Incentives

        We are excited to announce our collaboration with
        Ministry of Commerce, Industry & Investment Promotion, Sultanate of Oman

        Request a Callback

        We would like to ensure you that all data provided through the form will remain strictly confidential.