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The Golden Visa lets you stay longer than 3 months and/or work legally in Spain!

By September 2, 2021 No Comments

The Golden Visa for Spain is a residence visa issued to a non-EU national who intends to make a significant investment in the Spanish economy. The Visa offers residency in Spain and access throughout the Schengen Zone to the holder, spouse or unmarried partner, dependent parents and children. Also access to public health services and schooling.
“OK, let’s go for that.” Well, just a few T’s and C’s.

Personal First –

  1. Must have no Criminal Record – That’s worldwide, not just Spain and presumably applies to the family too.
  2. Must have Health Insurance in Spain.
  3. Show that you have sufficient income to support yourself and your family while you live in Spain.
  4. Money Now – at least one of –
    – Purchase Real Estate in Spain, totalling over 500,000€ euro, OR
    – Buy shares in a Spanish company or make a deposit in a Spanish bank of at least One Million € euro, OR
    – Make in investment in Spanish Government Bonds, (the country’s debt) of Two Million € euro or more, OR
  5. Invest in a business project to be developed in Spain, that is accredited as of general interest, which must do at least one of these
    – Create Jobs,
    – Realise a socio-economic impact of relevance in the geographical area in which it is to develop,
    – Make a relevant contribution to scientific and/or technological innovation.
  • Given the bureaucracy, it’s probable that proof of the Business Project route will be arduous and lengthy, so perhaps one of the other investments first.
  • So, you fill in the forms, with proof of at least one of the above, which can be done from anywhere, or have a lawyer, accountant or other professional in Spain do it for you, and you only need to come to Spain to get your residence permit.
  • Your family also must fill in forms individually, as dependents, with appropriate proof of family relationship (Not sure how unmarried partners will do that?)
  • The first Visa is valid for one year, during which time you must get your residence permit, which replaces the visa and lasts for two years. The residence permit will be renewed, if the investment is still there, and you come to Spain to collect the permit. You can get permanent residency, renewed every 10 years, if you can show you have lived in Spain for 6 months in each of the last 5 years. That, of course, will probably also make you a Spanish Tax resident.
  • Then it’s the warmth and light of Spain, all the year round.