If you are a non-EU national with €500,000 or more to invest in property in Spain you can receive a Spanish residence permit known as the Spanish Golden Visa.

If you haven’t already, read our previous posts about the Spanish Golden Visa to find out if you meet the requirements and what applying for the one-year and two-year investor visas entails:

• Golden Visa: Spanish Residence Permit for Non-EU Investors
• The Spanish Golden Residence Visa for Investors: Year 1
• The Spanish Golden Residence Visa for Investors: Years 2 – 5+

As an investor, can I be granted permanent residency in Spain or Spanish nationality?

After five years of continuous residence, Golden Visa investors can apply for permanent residence in Spain. Likewise, after ten years of residence, Spanish nationality can be requested. In such cases, an effective justification of at least six months of residence must be provided in the majority of cases.

Am I obliged to apply for permanent residency or Spanish nationality?

No, this is completely optional.

Are there any other investments that qualify me for a Spanish Golden Visa?

Yes, other investment options for gaining a golden residency visa in Spain include:

• Investing two million euros in Spanish treasury bonds.
• Investing one million euros in shares of Spanish companies or bank deposits in Spanish banks.
• Developing a business project in Spain that accomplishes one or more of the following:
  • Meaningful job creation.
  • Socioeconomic impact.
  • Relevant contribution to scientific and/or technological innovation.

If you are a non-EU national with €500,000 or more to invest in property in Spain you can receive a Spanish residence permit known as the Spanish Golden Visa.

If you haven’t already, read our previous posts about the 14/2013 law to find out if you meet the Spanish Golden Visa requirements and what applying for the one-year golden residence visa entails:

Golden Visa: Introduction to the Golden Residence Permit in Spain
Spanish Golden Visa: 1 year

How do I apply for the Spanish Golden Visa?

Our conveyancing solicitors at Andalucía Lawyers can do this for you through a power of attorney. Processing and granting the residency will be done by the Spanish Ministry of Foreign Affairs. Applications will be responded to within 20 working days from the submission of the application. If there is no answer following this period, the application shall be considered to have been accepted.

What rights does the Spanish Golden Visa grant me?

The two-year investment visa allows you to spend two years in Spain, and travel freely in the Schengen area for 90 out of every 180 days. There is no limit to the amount of times this two-year residency can be renewed.

Am I obliged to stay in Spain with the two-year golden residence visa?

There is no obligation to spend a minimum amount of time in Spain. You can remain a tax resident outside of Spain, whilst benefiting from Spanish residency and freedom of travel in the EU.

What are the conditions for receiving the two-year golden visa in Spain?

• You must be able to show that you have travelled to Spain at least once in the previous twelve months, while in possession of the one-year investor visa.
• The investment threshold of €500,000 must be maintained. Properties can be bought and sold during this period, so long as the investment threshold is maintained. Our team of property solicitors and tax advisors at Andalucía Lawyers can manage your Golden Visa investments for you.

The Final Step (Optional)

The Spanish Golden Residence Visa for Investors: Years 5 – 10+

If you are a non-EU national with €500,000 or more to invest in property in Spain you can receive a Spanish residence permit known as the Spanish Golden Visa.

If you haven’t already, read our introduction to the Spanish Golden Visa to find out if you meet the requirements:

Golden Visa: Spanish Residence Permit for Non-EU Investors

As a foreign investor, how do I begin the process of buying property in Spain?

First of all, you are granted a 90-day visa to come to Spain to search for property. Once you have found a suitable investment, you sign a power of attorney granting our conveyancing solicitors at Andalucía Lawyers the right to act on your behalf in the property conveyancing and residency processes.

Is it necessary for me to visit Spain personally to find a property?

No, if you find a property you are prepared to buy without having seen it yourself, you can authorise our property solicitors at Andalucía Lawyers to purchase the investment on your behalf with a power of attorney from your home country. However, it’s worth noting that not all countries allow this, so it’s a good idea to check with us first.

How do I apply for the Spanish Golden Visa?

Once you have bought a property that meets the investment criteria, you apply for your one-year Spanish golden visa which can be issued for one, two or multiple entries into Spain; our conveyancing solicitors can do this for you. In the vast majority of cases, the visa application is processed and notification sent within 10 working days.

What rights does the one-year Spanish Golden Visa grant me?

The one-year investor visa allows you to spend one year in Spain, and travel freely in the Schengen area for 90 out of every 180 days.

Am I obliged to stay in Spain with the one-year golden residence visa?

You are not obliged to spend a minimum amount of time in Spain. However, to get a residency permit at the end of the first year, you must have visited Spain at least once during that year. Therefore, it is very important that you only apply for the one-year investor visa when you are sure that you will be coming to Spain in the following twelve months.

What happens after the first year?

You can apply for authorisation to live in Spain for two more years, renewable for another two years after that, indefinitely.

The Next Step

Spanish Golden Visa for Investors (Years 2 to 5+)