Golden Visa Spain

Requirements

Upon acquiring a property equal to or greater than €500,000, you will automatically obtain a multiple-entry Spanish Golden Visa, which will be valid for one year.

During that year, the applicant must travel to Spain in order to apply for the two-year residence permit, provided that the investment is still in place. 

Although you do not need to live in Spain in order to keep your residence permit, you must travel to Spain each time to renew your residence permit and to also protect your investment.

Who is Eligible

Who may apply to the Golden Visa Spain?

Non-EU, non-EEA or non-Swiss applicants who make a qualifying investment in Spain are eligible for a Golden Visa and residency in Spain, apace with their dependent family members.

What family numbers can I include in my Golden Visa application?

At the same time as your own application for the Golden Visa Spain, your family members should either be:

• Your spouse;
• Your children under the age of 18;
• Your dependent family members (you must prove that they are dependent or have a health condition that makes them unable to be independent).

Documentation

Golden Visa Spain applicants should submit the following documents both for the initial application and for each renewal.

General requirements:

• Golden Visa Spain application form
• Original passport, valid for at least one year, with two blank pages
• Two passport-sized photographs - these should follow picture guidelines
• Medical insurance: public health insurance and privately contracted with a Spanish company
• Medical certificate (original and photocopy, original translation and photocopy of translation if required): it must be issued no more than 90 days prior to the appointment date
• Certified copy of the criminal record certificate for the past five years, from the country of origin. The certificate must have been issued no more than 90 days prior to the submission of the application and must be valid for a period of three months after the date of issue.

Financial documents:

• The applicant must show for the next two years an amount of €2.130 monthly for oneself, plus an extra €532 for each dependent family member;

• The original and photocopy of savings account/current bank account statements (up to at least 12 months) /bank deposits/ Your name as the account owner must be indicated in each document.

Golden Visa Spain for applicant’s dependant family members documents:

• Marriage certificate, in case one of the family members is your spouse. If they're from the UAE, the certificate must be legalised by the Spanish Consulate in the country of issuance. It should also be legally translated into Spanish;
• Birth certificate, in case one of your family members is your child.

Real Estate purchase documents:

• The real estate must have been purchased a maximum of 90 days prior to the submission of the visa application;
• A Property Registry proof or notarised deeds and evidence that the deeds have been submitted to the Property Registry.

Note: all the documents must be translated in Spanish by a certified translator and apostilled.

Opening a bank account and the NIE Number

After filing the Golden Visa application, non-EU residents usually obtain their NIE application along with their Spanish residence permit.

NIE (Número de Identificación de Extranjero) is the Foreigner's Identification Number, or the tax identification number. The number is mainly used for tax payment, official purchases, and other legal or official activities. It is used in all financial transactions that involve the Spanish tax office.

Costs

Legal costs:

• €8,000 for a family of four for the initial application
• In addition a government processing fee of €70 per applicant is required