Spain Golden Visa: The definitive guide

Golden visa Spain

Spain offers an attractive option for non-EU citizens looking to relocate to Europe with its Spain Golden Visa program.

Applicants who invest in Spanish real estate, shares, or venture capital can obtain residency permits, allowing them to reside and work in Spain.

The visa also grants travel throughout the Schengen Zone and access to top-quality healthcare and education.

The application process is straightforward and grants the visa holder the possibility of obtaining citizenship in the future.

In this article, we will explore the requirements, benefits, and maintenance of the Spain Golden Visa program, along with a comparison to other investment visa options available in Europe.


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Eligibility for the Spain Golden Visa

Who Can Apply for a Spain Golden Visa?

To apply for a Spain Golden Visa, you must be a non-EU citizen and meet eligibility requirements.

Golden visas are available to those willing to invest in Spain and bring economic benefits to the country.

There is no age restriction, and the visa applies to both individuals and families.

Eligible Investment Options

Spain offers several investment options for individuals seeking residency through the Golden Visa program.

The current options include real estate, shares, and venture capital.

Applicants must invest a minimum of €500,000 in real estate or €1,000,000 in shares or venture capital.

Financial Requirements and Documentation

Applicants must prove they have a clean criminal record, a valid passport, and sufficient financial means to support themselves and any family members included in the application.

The applicant’s investment must come from a legitimate source of funds, and all documentation must be provided in Spanish or with an official Spanish translation.

Proof of Health Insurance

Applicants must provide proof of health insurance that covers them and their family members for the duration of their stay in Spain.

The insurance policy must be valid in Spain and meet the minimum required coverage.

Overall, eligibility for the Spain Golden Visa requires a significant investment and careful planning.

However, the benefits of obtaining the visa are numerous and provide a pathway to residency in Europe.

Applicants should carefully consider all aspects of the program before applying.


Benefits of the Spain Golden Visa

Spanish Golden Visa Benefits

The Spanish Golden Visa program offers a host of benefits to its participants.

First and foremost, it provides an opportunity for non-EU nationals to live and work in Spain.

This allows investors to enjoy the Spanish way of life, rich cultural heritage, and all the benefits of having a base in Europe.

Visa-Free Travel within the Schengen Area

Another major benefit of the Golden Visa program is the visa-free travel within the Schengen Area.

This means investors can travel to countries within the Schengen Area without the need for a visa, which makes it a desirable option for those who need or want to travel frequently.

Access to High-Quality Healthcare and Education

All Golden Visa holders have access to high-quality healthcare and education in Spain.

Additionally, Spain is home to some of the best universities in Europe, with affordable tuition fees and a wide range of courses on offer.

Possibility of Citizenship

Perhaps the most significant benefit of the Spanish Golden Visa program is the possibility of obtaining citizenship.

Overall, the Spain Golden Visa program offers numerous benefits that make it an attractive option for investors seeking to establish a foothold in Europe.

From visa-free travel to high-quality healthcare and education to the possibility of citizenship, the program offers a host of benefits that make it an excellent investment opportunity.

Spain Golden Visa and Taxes

The Spain Golden Visa program presents numerous tax benefits for applicants.

However, tax implications and obligations may vary depending on the type of investment and the applicant’s country of origin.

It is important to understand the tax requirements, implications, and opportunities when considering obtaining a Golden Visa in Spain.

Tax Implications for Golden Visa Applicants

Golden Visa applicants are required to pay taxes on any income or profits generated in Spain, including rental income from real estate investments or capital gains from the sale of shares.

However, Spain offers a tax-friendly environment for non-residents and residents alike, making it an attractive option for investment.

Tax exemptions may be available for some types of investments, such as when investing in Spanish government bonds.

Applicants are also required to file tax returns annually and fulfill all tax obligations, including the payment of taxes on an ongoing basis.

It is advisable to seek professional tax advice to understand the tax implications of your specific investment.

How to Obtain a Tax Residence Certificate

Golden Visa applicants are eligible to apply for a tax residence certificate, which allows them to prove their tax residency in Spain.

This certificate is required by some countries to avoid double taxation on income generated in Spain and must be obtained annually.

To obtain a tax residence certificate, applicants must provide evidence of their tax registration in Spain and fulfill all tax obligations. It is advisable to seek professional advice to apply for this certificate.


Real Estate Investment Through Spain Golden Visa

Requirements for Real Estate Investment

Real estate investment is one of the most popular investment options for Spain’s Golden Visa program.

In order to qualify for the program, the investor must make a minimum investment of €500,000 in Spanish real estate.

The property may be residential or commercial and may be located anywhere in Spain.

The investment must be made with personal funds and not through a loan or mortgage.

It is important for applicants to ensure that the property is free of any legal issues or encumbrances before making the investment.

Buying Real Estate Property in Spain while on Golden Visa

Once an investment has been made in Spanish real estate, investors can apply for the Golden Visa.

The process usually takes between three to six months.

During this time, investors may enter and exit Spain without restriction and may also travel throughout the Schengen area.

After obtaining the Golden Visa, investors must continue to hold their investment for a minimum of five years in order to maintain their residency status.

They may sell the investment after that period, but it will not be possible to apply for a renewal of the residency permit.

Other Benefits of Real Estate Investment

In addition to the benefits of the Golden Visa program, real estate investment can also provide other benefits to investors.

Property values in Spain have risen in recent years, and rental yields can also be quite high.

For those who prefer a hands-off investment, it is possible to hire a property management company to take care of the property and any rental income.

Moreover, buying property in Spain also grants the possibility of obtaining permanent residency or citizenship in the future.

Overall, investing in Spanish real estate through the Golden Visa program is an attractive option for those seeking residency in Spain and the Schengen area.

It provides many benefits and opportunities for both personal and financial growth.

Ensuring that applicants meet all the requirements and conduct thorough research into potential investments is key to a successful residency application.


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Family Members and the Spain Golden Visa

Including Family Members in Visa Application

Family members of the main applicant are entitled to apply for the Spain Golden Visa as dependents.

This includes the spouse or partner, children under 18 years of age, and children over 18 years of age who are financially dependent on the main applicant.

Parents, grandparents, and other family members may also be eligible in certain cases.

The main applicant must include the family members’ information and documentation in their initial application.

Requirements for Family Members

Each family member must meet the same eligibility requirements as the main applicant, including the investment amount and proof of sufficient financial means.

Additionally, spouses or partners must provide proof of their relationship, such as marriage or civil partnership certificates.

Children over the age of 18 must provide evidence that they are financially dependent on the main applicant, such as being enrolled in education or having a disability.

All family members must also provide documentation of their clean criminal record, medical insurance, and residence address in Spain.

Obtaining Residency for Children

One of the most significant advantages of the Spain Golden Visa program is the ability for families to obtain residency for their children.

Minor children are eligible for residency permits, and the process is relatively straightforward.

If the children are under 18, they simply need to be included in the initial application with their birth certificate, passport, and proof of relationship to the main applicant.

Children over 18 must meet the same eligibility requirements as the main applicant. Once the children have obtained residency, they have access to Spain’s high-quality education system and can apply for citizenship after ten years.

Important note: If the main applicant has a child during the validity period of the golden visa, the child will be eligible for a residence permit.

The applicant has to apply for the child’s permit within 90 days of the child’s arrival in Spain.



The Spain Golden Visa program is an excellent option for families seeking to relocate to Europe.

Family members can be included in the initial application, and children can obtain residency and access to high-quality education.

Family members must meet the same eligibility requirements as the main applicant and provide the necessary documentation.

The process is straightforward, and with timely paperwork submission and lack of errors, families can obtain their visas quickly.

Comparing Spain Golden Visa with Other Investment Visa Programs

If you are considering obtaining an investment visa in Europe, you might be overwhelmed by the number of options available. Here we compare Spain Golden Visa with other popular investment visa programs in Europe and beyond.

Portugal Golden Visa

The Portugal Golden Visa program is one of the most popular programs in Europe.

Like Spain, the program grants residency to non-EU citizens in exchange for investment in the country.

The minimum investment requirement for the Portugal Golden Visa program is €500,000, compared to €500,000 for Spain.

Also, the investment options in Portugal are quite similar, with real estate and financial investments among the approved options.

Greece Golden Visa

The Greece Golden Visa program is another similar program to the Spain Golden Visa.

Investment options include real estate and financial investments, with the minimum investment requirement for the Greece Golden Visa program being €250,000, compared to €500,000 for Spain.

The program also provides access to the Schengen Area and Greek citizenship for those that meet specific residency requirements.

Malta Golden Visa

The Malta Golden Visa program requires a minimum investment of €880,000, making it one of the most expensive programs in Europe.

Germany Entrepreneur Visa

The Germany Entrepreneur Visa program is different from the typical investment visa programs.

It is designed for entrepreneurs who want to start up a business in Germany, with the minimum investment required being €100,000.

The program grants a residency permit to applicants and eventually, citizenship after several years.

Compared to investment programs, the Germany Entrepreneur Visa program requires a more active involvement in the German economy.

Investment Visa Programs in Other Countries

Besides European countries, many other countries offer investment visa programs.

For example, the United States offers the EB-5 program, which requires a minimum investment of $900,000 for a residency permit.

Australia, Canada, and New Zealand also offer similar programs.

Each country has its own investment requirements and residency conditions, so it is important to research and compare before making a decision.

Ultimately, the decision to obtain an investment visa is a personal one and depends on your individual circumstances and priorities.

However, by comparing the requirements and benefits of different programs, you can make an informed decision and choose the program that best meets your needs.


Applying for Spain Golden Visa

Step-by-Step Guide to the Application Process

The application process for a Golden Visa in Spain is quite straightforward.

Here is a step-by-step guide to help you through the process:

  1. Choose your investment type: real estate, funds, stocks, or business.
  2. Invest in Spanish assets according to the minimum investment requirement: €500,000 in a property, €2 million in stocks or funds, or €1 million in national debt.
  3. Obtain health insurance in Spain within 90 days of arrival.
  4. Submit your application at the Spanish consulate or embassy in your home country.
  5. Wait for the visa application to be processed, usually within 10-20 days, but can take up to two months in some cases.
  6. Receive your visa and travel to Spain to obtain your residency permit within one month of arrival.

Documents Required for Spain Golden Visa

The following documents are required to apply for a Golden Visa in Spain:

  • A valid passport
  • Proof of investment, such as a property or shares purchase agreement or certificate of deposit
  • Certificate of no criminal record from your home country
  • Medical certificate of good health
  • Proof of Spanish health insurance
  • Bank statements to prove you have sufficient financial resources
  • Proof of payment of the relevant fees

Translation Requirements

All documents not in Spanish must be officially translated by a certified translator.

Processing Times

The processing time for Spain Golden Visa applications is usually within 10-20 days, but it can take up to two months in some cases.

It’s recommended to apply well in advance of your planned arrival in Spain to avoid any unnecessary delays.

In conclusion, the Spain Golden Visa program offers numerous benefits, from access to high-quality healthcare to the possibility of obtaining citizenship.

The application process is straightforward, but it’s important to ensure all required documents are in order and the necessary investment requirements are met.

By following the step-by-step guide provided, applicants can successfully apply for and obtain a Golden Visa in Spain.

Maintaining Spain Golden Visa

Maintaining your Spain Golden Visa status is crucial if you want to keep enjoying all the benefits of being a resident in Spain.

Failure to meet the residency conditions can result in losing your visa and all of its accompanying benefits.

In this section, we will discuss the pros and cons of the Spain Golden Visa program, provide recommendations to maintain your visa, and explain the consequences of losing your residency status.

Pros and Cons of Spain Golden Visa program

Like any other visa program, the Spain Golden Visa comes with its own set of pros and cons. Here are some of the benefits and drawbacks of the program:


  • Access to the Schengen Area for up to 90 days within a 180-day period
  • Investment in Spanish real estate, shares, or venture capital can lead to permanent residency and even Spanish citizenship
  • Visa holders can work and live in Spain
  • Access to high-quality healthcare and education


  • High investment requirements may be a barrier for some investors
  • The visa holder must spend at least 180 days per year in Spain to maintain their residency status
  • The visa holder must have sufficient funds to support themselves and their family without relying on Spanish state resources

Recommendations for Golden Visa Applicants

To maintain your Golden Visa status, we recommend that you:

  • Keep track of your days spent in Spain and other countries in the Schengen Area to ensure compliance with residency requirements
  • Renew your Golden Visa before it expires to avoid losing your residency status
  • Notify the Spanish authorities of any changes to your personal or financial information
  • Comply with Spanish tax laws and obtain a tax residence certificate
  • Ensure that you have sufficient medical and travel insurance coverage

Importance of Meeting Residency Conditions

Meeting the residency conditions is essential to maintaining your Spain Golden Visa status.

Failure to meet these requirements could result in the loss of your residency status and even deportation.

Therefore, it is imperative to keep track of your time in Spain, comply with Spanish tax laws, and have sufficient funds to support yourself and your family.

Consequences of Losing Residency

If you lose your residency status, you will no longer have access to the benefits of the Spain Golden Visa program.

You may also have to leave Spain and the Schengen Area and could be barred from reapplying for the visa in the future.

Therefore, it is crucial to maintain your residency status and comply with all of the program’s requirements to continue to enjoy the benefits of the Spain Golden Visa program.


Yours Free

Spain 101 is a free ebook full of unique tips that will save you thousands of Euros when moving to / living in Spain.

Would you like to get it now?

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