Spain is one of the main destination for Golden Visa applicants in the world. It is a nice country to live in, with good weather and it offers an affordable Golden Visa residency opportunity. Most people apply by investing € 500.000 in a property, but there are other Golden Visa investor opportunities, such as starting or investing on a business, investing on Spanish public debt, investing on shares or on banks or investment funds.
How much and on what do I need to invest to get Spanish Golden Visa?
Non-EU resident foreign nationals who make a significant capital investment in:
- Two million euros in Spanish public debt securities; or
- One million euros in shares or equity investments in Spanish capital companies with a real business activity, or
- One million euros in investment funds, closed-end investment funds or venture capital funds incorporated in Spain, included within the scope of Law 35/2003, of 4 November, on Collective Investment Institutions, or Law 22/2014, of 12 November, regulating venture capital entities, other closed-end collective investment entities, and amending Law 35/2003, of 4 November, or
- One million euros in bank deposits in Spanish financial institutions.
- Business Project Report Request Form.
- Copy of the National Identity Card or Passport.
- In the event that the application is not submitted by the applicant, a document authorising the representative to submit the documentation in his/her place must be attached, accompanied by the National Identity Card or Passport of the Representative.
Types of permits:
Visa:
When the applicant is outside Spain, he/she will obtain a permit to reside and work throughout the national territory, if he/she so wishes. The duration of the permit is 1 year, except for the acquisition of property by means of a deposit contract, which is 6 months.
After the year has elapsed, you must apply for a residence permit.
Once the earnest money contract has been formalised, the visa or residence permit must be applied for.
Residence authorisation:
When the applicant is legally in Spain, he/she will obtain a 2-year permit to reside and work throughout the national territory, if he/she so wishes.
Necessary documents for investors:
Financial assets
You must prove that you have made the investment in the minimum amount required as follows:
- In the case of investment in unlisted shares or company shares, a copy of the declaration of investment made in the Investment Register of the Ministry of Economy, Industry and Competitiveness must be submitted.
- In the case of investment in listed shares, a certificate from the financial intermediary, duly registered with the National Securities Market Commission or the Bank of Spain, shall be submitted, stating that the interested party has made the investment for the purposes of this rule.
- In the case of investment in public debt, a verified statement from the financial institution or the Bank of Spain must be presented, indicating that the applicant is the sole holder of the investment for a period equal to or greater than 5 years.
- In the case of investment in investment funds, closed-end investment funds or venture capital funds incorporated in Spain, duly registered with the National Securities Market Commission, stating that the interested party has made an investment of at least one million euros in a fund or funds under its management.
- In the case of investment in a bank deposit, a certificate from the financial institution stating that the applicant is the sole holder of the bank deposit must be submitted.
Such certificates must be dated within the following time limits:
- For visas: within a period not exceeding 60 days prior to the submission of the application.
- For residence permits: within a period not exceeding 30 days prior to the submission of the application.
Acquisition of real estate
Applicants must prove that they have acquired ownership of the real estate by means of a certificate of ownership and encumbrances from the Land Registry corresponding to the real estate or real estate. The applicant must accredit having an investment in real estate of 500,000 euros free of charges or encumbrances. The part of the investment that exceeds the required amount may be subject to charges or encumbrances.
The certification shall incorporate one of the following documents:
On visas:
- The electronic verification code for online consultation, including the amount of the acquisition.
- The corresponding public deed.
- If at the time of presenting the visa the registration in the Land Registry is in process, it will be sufficient to present the certificate stating that the entry for the presentation of the acquisition document is in force, accompanied by documentation accrediting payment of the corresponding taxes.
In residence authorisations:
Certificate or certificates of ownership and encumbrances from the Land Registry corresponding to the property or properties and which must be dated within the 90 days prior to the presentation of the application.
If the purchase has not been formalised:
- Pre-contract with guarantee of fulfilment by means of a deposit and/or other legally accepted means, formalised in a public deed. You must present:
- The pre-contract with guarantee.
- Certificate from a financial institution established in Spain stating that the applicant has an unavailable bank deposit with the amount necessary for the purchase, including charges and taxes.
Business project
You must provide a favourable report that must be obtained prior to the application for the visa or residence permit and for the issuance of this report you must submit:
- Business Project Report Request Form.
- Copy of the Identity Card or Passport.
- In the event that the application is not submitted by the applicant, the supporting document authorising the representative to submit the documentation in his/her place, accompanied by the ID card or passport of the representative, must be attached.
- Curriculum Vitae of the applicant detailing their training and professional experience.
- Business project to be developed in Spain, justifying at least one of the following conditions:
- Creation of jobs.
- Making an investment with a significant socio-economic impact in the geographical area in which the activity is to be carried out.
- Relevant contribution to scientific and/or technological innovation.
- Designation of a Representative for the Management of the Business Project.
Where to request the Business Project Report?
Visa: At the Economic and Commercial Office in the area of the geographical demarcation where the investor submits the visa application. Application form [PDF] [96 KB]Open this document with ReadSpeaker docReader
Residence authorisation: At the Directorate-General for International Trade and Investment. Application form [PDF] [96 KB]Open this document with ReadSpeaker docReader
Legal Entity
The investment in Financial Assets or Real Estate is made through a Legal Entity domiciled in a territory that is not considered a tax haven under Spanish law.
Document Required
General documents: see General information.
Specific documents: Report accrediting that the applicant for the visa or residence authorisation holds, directly or indirectly, the majority of its voting rights and has the power to appoint or dismiss the majority of the members of its administrative body.
