The Spanish Golden Visa is a type of residency permit that allows non-EU citizens to live and work in Spain. It is granted by the Spanish government to those who invest in Spanish property or other assets.
The visa scheme is popular with British people buying in Spain, particularly since the UK voted to leave the European Union. Many people with holiday homes in Spain are now limited to spending 90 days per visit.
To be eligible for the Spanish Golden Visa, you must make a minimum investment of €500,000 in Spanish real estate. The investment can be in one or multiple properties if the total investment amount meets the minimum requirement. You can also invest in Spanish government bonds and shares in Spanish companies or set up a business in Spain that meets specific criteria.
Once the investment has been made, you can apply for the Spanish Golden Visa, allowing you to live and work in Spain for one year. After that, you can renew the visa for two-year periods as long as the investment is maintained.
To apply for the Spanish Golden Visa, you must provide various documents, including proof of investment, a valid passport, and proof of health insurance. You may also be required to undergo a criminal background check.
However, it is essential to note that the visa does not grant citizenship or the right to vote in Spanish elections. The application process for a Golden Visa can take just over three weeks. You need to apply through a Spanish Embassy or Consulate directly or through a legal representative. To apply, you and your family must be fully covered by private healthcare (if they are under 65) and have no criminal record. If you already own a home in Spain, you may still be able to qualify for a Golden Visa.
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