How to Qualify for the Golden Visa in Spain?
The process to qualify for the Golden Visa in Spain can be considered relatively uncomplicated, particularly when undertaken with the assistance of reliable lawyers.
Golden Visa Spain income requirements
Prior to its conclusion, the Golden Visa program offered several investment pathways:
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Real Estate Investment: To qualify for Spain Golden Visa, non-EU investors must meet specific criteria: purchase property worth €500,000 or more.
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Capital Investment: Investing €2 million in Spanish public debt, €1 million in shares of Spanish companies, or €1 million in bank deposits within Spanish financial institutions.
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Business Projects: Initiating a business venture in Spain that generated employment opportunities, contributed to scientific or technological innovation, or had a significant socio-economic impact.
Applicants must also prove clean criminal records and obtain health insurance. Residency is granted for initial two years, renewable.
The essential stages are as follows:
1. Find your dream home:
Choose a property in Spain with a minimum valuation of €500,000. This amount must be free from any existing financial or legal encumbrances associated with the property, including mortgages.
LuxuryForSale.Properties offers assistance in acquiring from a wide selection of luxury properties in Marbella and its vicinity. In the event that you cannot be there in person, Panorama can arrange virtual viewings.
2. Hire a reliable lawyer:
Robust legal expertise is crucial for ensuring a smooth transaction that encompasses both real estate and immigration law. LuxuryForSale.Properties is able to recommend reputable attorneys in Marbella, each of whom possesses extensive knowledge of Golden Visa regulations.
3. Close de deal:
It is imperative that the property acquisition is completed and the transaction formalized at the notary by the end of February 2025 at the latest. This is necessary to ensure that the property is registered in the applicant’s name prior to the deadline of April 3, 2025. Consequently, the purchase must be finalized well ahead of this date to accommodate the registration process, which may require several weeks.
4. Submit your application:
Your attorney will manage the property registration procedure and the application process for the “Golden Visa” on your behalf.
Last chance to secure your Spanish residence.
Spain’s Golden Visa program, offering residency to non-EU investors, will end in 2025. Introduced in 2013, it aimed to boost the economy by attracting foreign capital. The visa is awarded by the Spanish Government in return for a qualifying investment. Critics argue it inflated housing prices and limited access for locals. The government’s decision reflects a shift toward prioritizing affordable housing and sustainable growth over foreign investment.