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:
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.