SpainResidency By Investment
- Investment starts from EURO 500,000
- No physical stay requirement
- Quick processing time
- Rights to live, work, and study
- Free movement within the EU and Schengen Zone
Overview
The Spain Golden Visa presents an exclusive residency by investment program, offering a direct route to residency and potential citizenship for non-EU nationals who make a considerable investment in the country.
To become eligible for the Golden Visa, a significant investment in Spain is required. The primary avenue frequently pursued involves investing a minimum of €500,000 in various real estate options such as residential properties, commercial spaces, or land.
Additional avenues for securing a Spanish golden visa includes buying Spanish government bonds, funding a Spanish financial institution, or acquire shares in Spanish companies.
Family Inclusion
Main applicants for the Spain ‘Golden Visa’ program can include spouse or partner, children under 18, and dependent children over 18 if studying or financially dependent. They can also include parents over the age of 65 (or younger if financially dependent) of the main applicant and the spouse in the Spain residency by investment application.
Eligibility
In order to qualify for the Spain Golden Visa, applicant must be a non-EU national with age of 18 years or older. They must have a clean criminal record, absence from the nation’s undesirable list, valid medical insurance and health certificate, no prior Schengen visa denials or entry refusals, and ample funds for sustaining their residency in Spain.
Validity and Renewal
The initially issued residence card is valid for a period of two (2) years and can be renewed every 5 years.
Permanent Residency
After holding the Golden Visa for five years, it is possible attain a permanent residency in Spain.
Citizenship
After ten years of residency, foreigners might qualify to apply for Spanish citizenship. This is subject to meeting extra requirements, such as knowing the Spanish language and passing a citizenship test.
Benefits
Visa-free travel
Legally ensured
Healthcare & Education
Simple and Fast Procedure
Path to Citizenship
High Living Standards
Investment Options
The Spain ‘Golden Visa’ or Residency by Investment program offers the following investment options:
| Purchase of a real estate valued at least | EUR 500,000 |
| Deposit at a Spanish bank of at least | EUR 1 million |
| Acquire share in Spanish company of at least | EUR 1 million |
| Buying Government Bonds valued at least | EUR 2 million |
Applicable Fees
Along with qualified investment applicants for the Spain ‘Golden Visa’ program have to cover the following fees:
| VAT | EUR 50,000+ |
| Stamp Duty | EUR 7,500 |
| Notary and registration fee | EUR 1000+ |
| Heal insurance | EUR 1000+ (for each applicant) |
Application Process
Bayat Legal Services’ compliance team will conduct an internal due diligence check, which entails a background security screening of the applicant, Preparation of KYC (Know Your Client) and a qualification assessment.
Bayat Legal Services will meticulously analyze the client's case. Once this is done, the client will proceed to sign a retainer agreement with the firm. Subsequently, Bayat Group will curate a customized list of necessary documents – recognizing that each client's situation is unique – to facilitate the application preparation process.
The application for the Spain Golden Visa, along with all the necessary documentation, will be submitted to the pertinent Spanish authorities.
Applicants will choose their preferred investment option and open a bank account in Spain to streamline future financial transactions related to the application. Authorities conduct a thorough due diligence checks.
While the processing time for the application can vary, once approved, applicants will receive a residency permit allowing them and their family members to live, work and study in Spain. After maintaining residency for five years, investors can apply for permanent residency, and after five (5) more years for citizenship, subject to meeting additional requirements.