Spanish Residency by Investment

Updated on Monday 11th January 2021

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Spain is a very appealing country for those who want to start a business or relocate here by purchasing real estate, given the beautiful weather. There are plenty of opportunities for both EU and non-EU citizens, however, the last category is required to comply with specific requirements that enable them to become permanent residents of Spain.

One of the special programs created by the government in Spain refers to residency by investment and is called the Golden Visa Scheme.

Below, our golden visa specialists invite you to discover how to apply for Spanish residency by investment. Our agents will be by your side through every step of the process once you decide to enroll in the program.
 

The conditions to move to Spain and obtain residency by investment


As mentioned above, the first and foremost condition to be eligible for Spanish residency by investment is to be a non-EU citizen. Then, the following requirements will need to be complied with:
 
  1. the applicant must be at least 18 years old when entering the program;
  2. select the type of investment to be made (real estate, entrepreneurship and other options are available);
  3. meet the investment requirements (the minimum amount to be invested is 500,000 euros);
  4. commit to the investment by making a deposit of the funds prior to applying for the Spanish visa;
  5. the applicant must also commit to maintaining the investment for a minimum period of 5 years.

Other conditions that apply to those who want to move to Spain by buying a golden visa is to be able to prove a stable source of income if they want to live here after being granted the residence permit. Also, a recent change is that the program requires applicants to not have been refused entry in another Schengen state prior to applying for Spanish residency by investment.

Real estate purchases are the main option of foreign citizens seeking to buy a golden visa in Spain or any other country, as this is also the best way to live in the selected country. Also, this is one of the investment options available in most European countries with golden visa programs.
 

The minimum amounts of money to invest for Spanish residency by investment


Each type of investment option comes with specific requirements when it comes to the amount of money to be injected by those who seek to obtain Spanish residency by investment.
Here are the types of investment and related amounts of money:
 
  • capital investment that can take the form of a deposit of 1 million euros in a Spanish bank account;
  • capital investment under the form of shares purchases in one or more Spanish companies worth at least 1 million;
  • another capital investment option is available for those willing to buy 2 million euros worth in Treasury bonds.
  • real estate purchase of a property with a minimum value of 500,000 euros.

No matter the option you decide on, you can rely on our golden visa agents in Spain for guidance.

If you want to buy a golden visa in another country, you can rely on our specialists in Malta, Italy, or Portugal.
 

How to obtain Spanish residency by investment through real estate acquisition


As seen above, there are several investment options for foreign citizens seeking to buy a golden visa with the purpose of moving to Spain. Out of all the possibilities, real estate purchases are among the most appreciated as they offer the chance to own a property in a sunny country.

Real estate acquisition is also the cheapest option for those who simply want to retire here. In order to access the Spanish Golden Visa Scheme, one must purchase a property valued at a minimum of 500,000 euros. Applicants can purchase residential or commercial properties that can be rented or leased if the owner does not want to live permanently in Spain, as this is not a mandatory requirement when buying a golden visa.

Also, where the investor has found a property valued at less than 500,000 euros, he or she can purchase two or more properties. Also, joint investment is permitted in order to buy real estate.

Obtaining Spanish residency by investment through real estate acquisition is quite flexible which is why many non-EU citizens decide on this option. However, others are also worth considering, especially when seeking to earn a passive income from other types of investments.
 

Capital investment as a means to buy a golden visa in Spain


Capital investment is another way of acquiring Spanish residency by investment and it implies buying company shares or Treasury bonds worth at least 1 million euros, respectively 2 million euros.
As you can notice, the amount of money required under this option is significantly higher compared to the one associated with real estate purchases, however, the Spanish Government also wants to attract high net worth individuals interested in entrepreneurship and who can add value to the local economy.

This is one of the most suitable options for those seeking to retire to Spain.

Spanish residency by investment is available for non-EU citizens who want to relocate to Europe temporarily or permanently, as the investment must be kept for a minimum number of years only.
Many European countries offer residency and citizenship by investment and our specialists can help you relocate to some of the most appealing jurisdictions.
 

How to obtain Spanish residence by investment through entrepreneurship


Foreign businessmen are also welcomed to relocate to Spain by buying a golden visa. They have the option of buying shares in private or public companies thus becoming shareholders. The minimum value of the shares is set at 1 million euros.

The main particularity of this option is that the residence permit is issued for one year, followed by its extension to 5 years. The investment must be maintained during the 5-year period.

A recent program that was created by the Spanish Government is the Startup Visa Scheme which is another way of obtaining residency by investment here.

The main requirements to obtain Spanish residency by investment this way are:
 
  • the business must have a positive impact on the Spanish economy,
  • the applicant must have managerial experience.
In this case, each application is reviewed case-by-case by the Ministry of Economy and Competitiveness, however, it is a cheaper alternative to the original program.

There is no minimum amount of money required to invest in the business under this program, however, the residence permit is issued for one year initially, followed by a 2-year validity residence permit, therefore, the disadvantage is the long waiting period to become a Spanish resident.

Our golden visa advisors can explain the pros and the cons associated with every option available under the Spain Golden Visa.
 

Documents to prepare when applying for a Spanish golden visa


The documents one must prepare when interested in applying for Spanish residency by investment depend on the investment option. However, in large lines, the following paperwork needs to be considered:
 
  • the application form in accordance with the desired type of investment;
  • two recent passport-size photos;
  • a copy of the valid passport which (6-month validity is required);
  • medical insurance with the minimum value imposed at EU level;
  • a clean criminal record that indicated the applicant did not commit any offense in the past 5 years;
  • proof of paying the visa application fee;
  • proof of the funds to invest in the Spanish economy, in accordance with the selected type of investment;
  • proof of self-sustenance for a minimum period if the applicant intends to live in Spain.

Applications must be filed with the Spanish Ministry of Interior.
 

Why choose to relocate to Spain?


Spain is one of the most appealing countries in Europe if we are to consider the large numbers of tourists entering the country every year. When it comes to relocation with the purposes of obtaining Spanish residency by investment, however, the country has more to offer, among which:
 
  • visa holders who do not want to live here must only visit the country once per year in order to retain their residence permits,
  • it is possible to relocate to Spain with close family members without additional financial contribution,
  • it is also possible to move from Spain into another EU country, as EU residence is also available based on the golden visa,
  • citizenship is available after 10 years for those interested in permanent immigration.

If you want to apply for a golden visa and need information, our agents are at your service. We can also help move to other countries such as the United Kingdom or Ireland if you are interested in an EU member state.
 

The main benefits of residency by investment in Spain


All countries with golden visa programs offer various benefits to the holders of such visas, however, Spain has a special advantage over them which is related to not being required to deposit any other amount of money when moving here with family members.

Access to EU residency and Spanish citizenship after 10 years of living here are also among the benefits of the Spanish golden visa. However, when citizenship is sought, the applicant will be required to give up the former passport, as dual citizenship is not permitted in Spain.

If you want to apply for a golden visa in Spain and need assistance, do not hesitate to ask for the support of our local specialists.