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Spain

Residencyby Investment Program

Spain

Golden Visa Program

Spain stands as a coveted destination within Europe, renowned for its rich cultural heritage and historical significance. As a valued member of the EU and Schengen Area, Spain extends the privilege of unhindered visa-free access and seamless travel across 27 European countries to its residents. The Spanish Golden Visa program presents an exceptional avenue for individuals and their families to reside, study, and engage in work opportunities within Spain, all without a mandatory physical presence in the country.

Enacted in 2013, Law 14/2013 by the Spanish government offers non-EU citizens the chance to obtain a temporary residence permit through an investment in real estate valued at a minimum of EUR 500,000. This investment can be made directly by the principal applicant or facilitated through a company entirely owned by the individual.

Requirements/Investment Options

The initiative welcomes applications from non-EU individuals. Spain boasts a diverse range of real estate options suitable for both lifestyle and investment purposes. With its appealing climate and geographical advantages, the opportunity to own property in this sought-after nation stands as a significant advantage.

Under the real estate option, the investment prerequisites encompass:

  • Acquiring real estate valued at a minimum of EUR 500,000.
  • Mandatory possession of valid health insurance policies for you and all dependents
  • Meeting due diligence requirements
  • Committing to at least five days of visits within the first
    five years of obtaining citizenship.

Qualifying Dependent

As the primary applicant, substantiating the source of your funds is a mandatory requirement. You have the option to include your spouse as a dependent, provided they meet specific criteria: being over 18 years old, not holding EU citizenship, and maintaining a clean criminal record. Additionally, you can include dependent children of any age in your application. Furthermore, the inclusion of dependent parents is also permissible within this framework.

Process Overview

After your initial inquiry, we’ll furnish a comprehensive overview of the program’s application process.

A Power of Attorney (PoA) facilitates obtaining a NIE (foreigner identification number). Entrepreneurs aiming for residency in Spain can invest in real estate valued at €500,000 or more. This investment threshold can encompass multiple properties.

There’s no obligation to reside in or lease out the purchased properties.

Following a scheduled in-person visit, the nearest Spanish consulate grants a one-year Golden Visa. Subsequently, a biometrics appointment is necessary for your TIE (foreigner identity card), which must be collected in person.

The TIE remains valid for three years and can be renewed every five years, contingent upon meeting the qualifying conditions, including property ownership.

Through the family reunification program, your spouse and children under 18 can obtain a residence permit upon approval by Spanish authorities. Additionally, children over 18 and their parents qualify if they are financially reliant on you.

For families of six or more, a cost-effective University Fund starting at USD 150,000 (inclusive of government processing) is available, with an additional USD 15,000 fee per dependent beyond six.

MILESTONES

Months 1 - 2

Initial due diligence.

Upon completion of the satisfactory evaluation, we will furnish you with a Client Agreement (CA) for your review and signature.

Subsequently, you’ll proceed to sign a Power of Attorney (PoA) to acquire a NIE (Número de identidad de extranjero). This Foreigner Identity Number is utilized by Spanish tax authorities.

Months 3 – 4

You’ll be required to execute a sales and purchase agreement for an eligible property investment.

Following an in-person appointment, the Spanish consulate in your home country will grant you a one-year Golden Visa.

Subsequently, you’ll need to schedule a biometrics appointment for your TIE, the Spanish Identity Card.

Months 5– 7

You’ll be required to personally collect your TIE, the Resident Card

The validity period spans three years, renewable every five years, provided you maintain eligibility by meeting the required conditions.

Interested & want to know more details?


Taxation

Having a Golden Visa does not mean you become a tax resident in Spain. You become one by spending over 183 days per year in the country. The same occurs if Spain is your economic interest or familiar ties center.

IRNR (Impuestos sobre la Renta de No Residentes) is the Non-Tax-Resident Tax. You pay taxes on income generated in Spain (for example, rental income). There are no taxes on worldwide income or wealth taxes. The tax rate is 24% on gross receipts.

Summary of Key Advantages

  • Unrestricted travel across the Schengen Area without a visa.
  • Authorization to reside, work, and pursue education in Spain
  • Residency approval within five months

  • Absence of obligatory physical presence

  • Investment opportunities beginning at EUR 500,000

  • Exceptional quality of life, exquisite local cuisine, cultural richness, moderate climate, and robust

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