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SPAIN

GOLDEN VISA PROGRAM

Overview

The Spanish “Golden Visa” Law was introduced in 2013, allowing non-EU citizens and members of their families the opportunity to obtain a Temporary Residence Permit. The Temporary Resident Permits will also be granted to Spouses and any dependent children (under 18 years of age) but will not give the resident benefits such as free healthcare and education or other social benefits and so the investor and his or her family must have health insurance and be able to show sufficient financial resources to support themselves.

  • icon Time to citizenship

    10 years (and must reside in Spain)

  • icon Visa free travel

    Visa-free to 29 Schengen countries

  • icon Investment type

    Real Estate

  • icon Investment cost

    EUR 500,000

  • icon Family dependents

    Spouse and children below 18. Adult children above 18, and parents of main applicant qualify as long as they prove financial dependency

  • icon Passport validity

    10 years (and must reside in Spain)

Citizenship law or Residency Law

Country Info

Located on the Iberian Peninsula in South Western Europe, Spain is a member of the European Union, Eurozone and the Schengen
Agreement. Spain is also a member of the United Nations, the OECD and NATO. It is a developed country with the thirteen largest economy in the world by nominal GDP and has high living standards with the tenth-highest quality of life index rating in the world.

Spain is the third most popular tourist country in the world, and it is not hard to see why. Every region has its own characteristics which are still very much influenced by the different cultures, languages, and geographies of the separate kingdoms that once ruled them, which in addition to all, the sun, sea and sand, explains why it is such a fascinating and popular holiday destination.

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CAPITAL

Madrid

POPULATION

46.94 million

LANGUAGE

Spanish

GOVERNMENT TYPE

Parliamentary Monarchy

CURRENCY

Euro (EUR)

EXCHANGE RATE

1 USD = 0.9214EUR

Benefits

Costs

To be eligible for residency in Spain under its residency by investment programme, the applicant is required to make a property investment in Spain’s real estate market.

1. REAL ESTATE INVESTMENT

Real Estate Investment in Spain.

Minimum Investment
EUR 500,000

Required Documents

Citizenship Invest appoints a Document Collection Specialist for each case. The firm offers a bespoke service that simplifies the application process, requesting from clients the bear minimum. Our job is to simplify the document collection as much as possible and when required we obtain the documents for the client without their involvement. Please note the below list is to be used as a guideline only, after assessing the particular case Citizenship Invest prepares a personalized checklist.

Documents required from each applicant including children:

• Original passport, valid for at least one year, and two blank pages for the visa.
• Two (2) Original passport-size photos
• Proof of valid medical insurance: public health insurance and private contracted with an insurance company licensed to operate in Spain.
• Medical certificate: (Original and photocopy, original translation and photocopy of translation if required): This document must be issued no more than 90 days before your appointment date, must include letterhead and original signature and/or stamp from a doctor (only M.D. or D.O’s will be accepted).
• Certified copy of the criminal record certificate for the past five years, from your country of origin. The certificate must have been issued no more than 90 days before submitting your application and must be valid for a period of three months after the date of issue. The certificate must be legalised by the Spanish Consulate/Embassy in that country
• Original excerpt of Birth record or certified copy of Birth certificates must be officially translated into Spanish or English and the translation must be certified by the Spanish Consulate in the country of issuance.

Documents required only from the main applicant:
• Proof of work or Proof of personal company and income – Official document that proves the applicant’s work address, type of work and annual income.
Official English or Spanish translation and legalised by the Spanish Consulate in the country of Residence
• Bank Statements for the last 12 months

Documents required only if married persons apply together:
• Original excerpt of marriage record or certified copy of marriage certificates must be officially translated into Spanish or English and the translation must be certified by the Spanish Consulate in the country of issuance.
• Certified copy of divorce certificate must be officially translated into Spanish or English and the translation must be certified by the Spanish Consulate in the country of issuance (if applicable)

Timeline

WEEK 1-2

Client signs CI Retainer Agreement and pays the retainer invoice

The client chooses the property remotely. If the client wants to go to Spain to choose a property, then the client will then need to go to the Spanish Consulate of his residence (or Country of origin) and apply for a Tourist Visa

WEEK 2-8

The lawyers execute the purchase of the property and all investment documentation is collated. At this point, property purchase costs and taxes will be payable

N.B. The property sale contract will be subject to successfully obtaining the residency visa.
All documentation for the Residency Application is finalized

Once the file is ready it is submitted to the Government, at this point Government Fees are payable

File Submission Payment of CI Professional Fees is payable.

WEEK 8-9

Once the Government has reviewed the file, officials advise CI as to whether the applicant has been given Residence Visa approval.

WEEK 10-11

The client is issued with a Residence Visa.
This is valid for 1 year however as this doesn’t allow the client to work in Spain, the client can apply for the 2 year Residence Permit straight away if they want to work in Spain. CI final Professional Fees are paid.

The estimated time to receive residence visa approval depends on the due diligence processing time and the specific case.

SPAIN VISA FREE countries

* Visa on arrival

29Countries

SHENGEN AREA
  • Austria
    Belgium
    Czech Republic
    Denmark
    Estonia
    Finland
    France
    Germany
    Greece
    Hungary
    Iceland
    Italy
    Latvia
    Liechtenstein
    Lithuania
    Luxembourg
    Malta
    Monaco*
    Netherlands
    Norway
    Poland
    Portugal
    San Marino*
    Slovakia
    Slovenia
    Spain
    Sweden
    Switzerland
    Vatican City*

*The list of countries is subject to variations depending on each government's policy and so is access to these countries.

brochure

Content
  • Program Overview
  • Citizenship Law
  • Country profile
  • Benefits of the program
  • Applicants Qualifications
  • Investment requirements
  • Application Fees
  • Document Checklist
  • List of countries Visa free and on arrival
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10 pages4.04 MB
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