Welex, a team of lawyers and accountants in Marbella, is pleased to write a few lines about the Golden Visa in Spain.
Do you wish to obtain a resident visa in Spain and are you a non-EU citizen? One way to achieve a resident visa in Spain is by means of the so-called ‘Golden Visa’. As a non-EU citizen, you may obtain the Golden Visa by acquiring real estate located in a Spanish territory for a price equal to or higher than €500,000 per applicant.
Requirements to obtain the Golden Visa in Spain:
a) Must not be found irregularly in a Spanish territory
b) Must be over 18 years of age.
c) Must not have a criminal record in Spain or in any of the countries where he or she has resided during the last five years.
d) Must not appear objectionable in the territorial space of countries with which Spain has signed an agreement in that sense.
e) Must have health insurance arranged with an insurer authorised to operate in Spain.
f) Must have sufficient financial resources for him- or herself and his or her family members during their period of residence in Spain.
g) Must pay the application fee for the authorisation or visa (new residence €70.40, renewal €75.60).
The applicant must prove that he or she has acquired the property in Spain with a ‘Certification of ownership and charges’ corresponding to the property, which is issued by the Land Registry.
This certification will include the acquisition price. Alternatively, it can be proven by providing the corresponding Purchase Sale Public Deed in Spain.
The investment on a property of €500,000 has to be free of all charges or encumbrances. The part of the investment that exceeds the mentioned amount may be subject to a charge or tax.
The residence visa for investors will last for one year in Spain.
If you have any doubts or need advice on the Golden Visa in Spain, do not hesitate to contact Welex, our law firm on La Costa del Sol.