The Spain Golden Visa provides a worthy opportunity for people and investors in countries other than Europe to invest in Spain and gain residency. By obtaining this visa, you can enjoy the benefits of living in a vibrant European country with a high quality of life and excellent healthcare and education systems.

Additionally, the visa allows for easy travel within the Schengen Zone, making it an attractive option for those who wish to explore Europe.

Read along to learn everything you need to know about the Spain Golden Visa program in detail, and let Immigrant Invest experts help you overcome your burden.

Overview of the Golden Visa Program of Spain

Spain has high living standards, making it a good opportunity for future business and permanent residency.

It is in Europe, and its Golden Visa program makes it attractive to people from non-European countries.

The Golden Visa allows investors to work, reside, or study in Spain. Then, they can apply for citizenship and permanent residency.

For this visa, applicants must invest in one of the six investment opportunities, which include real estate, bonds, Spanish companies’ shares, spending money in a business, and more.

The minimum amount a person must invest is €500,000.

Eligibility Criteria for the Golden Visa Program of Spain

Below are the eligibility criteria for those who want to invest their money in Spain or get permanent residency there with the help of a Golden Visa:

• The applicant must be over 18 years old;
• The person must be on the blacklist of the country;
• The financially independent person must be a legal Spain citizen;
• People having illness, according to regulation 2005, are ineligible for this visa;
• The applicant doesn’t have a criminal history in the last five years;
• Before moving there, one must have enough funds to live there without working;
• The applicant must have private health care insurance to bear its stay;
• Spain or any other country hasn’t rejected you for residence.

Ensure you check all the eligibility criteria boxes before applying.

Application Process for the Golden Visa Program of Spain

To attract foreign investors and talented individuals, Spain offers the Golden Visa program, which grants residency permits to those who make a significant investment in the country.

Whether you’re looking to invest in real estate, business ventures, or other qualifying assets, this program provides a straightforward path to obtaining residency in Spain.

Applicants can apply for the Spain Golden Visa from their country.

Here are the simple and short steps you need to follow:

Pass the eligibility criteria

Before collecting any documents for the Golden Visa program, it is mandatory to check all the boxes on the eligibility criteria list. If the applicants are eligible for the program, they should go further.

Collect necessary documents

Below are the papers an applicant must submit for the Spain Golden Visa:

• The Spanish long stay form;
• Valid passport. The validity term must be not older than 10 years;
• Evidence of permanent residence;
• Proof of investment: All evidence regarding your investment type, the size of your money, and the source of those funds;
• Clearance from law enforcement. The document should not be older than 90 days at the time of the application;
• The evidence of apt financial resources available to live and pay for your spouse or children while staying in Spain;
• Ensure you purchase insurance through a reliable Spanish company.

Application submitters needn’t worry about these documents. Immigrants Invest specialist Zlata Erlach will assist you in receiving advice about all aspects.

Gather the required documents

They can apply for the Spain Golden Visa program after they have an adequate document. If any document is missing, their applications will likely be rejected.

Application submission to the Consular office

Applicants must send the application with the required documents to a Spanish Consular or Embassy.

Book an Appointment

The Consular office will email the applicants to proceed with enrollment.

Attend the Appointment

Each family member will have a separate appointment with the visa interviewing team.

Wait for the decision

The Consulate will determine if the application has been approved based on its evaluation.

Benefits of the Golden Visa Program of Spain

Getting a golden visa in Spain offers various advantages:

• It offers people the possibility not only of working but of living in Spain as well.
• This Golden Visa program offers three years of initial authorization.
• People will have the same rights as European citizens.
• If some of the immediate family members are still left in the home country, then they can be included in the visa process as dependents.
• The request for a Golden Visa may be submitted from outside the country (abroad) or within Spain.

These are the reasons why it stands out from other visa programs.

Spain Golden Visa for Aspiring Entrepreneurs

Spain’s Golden Visa program is a suitable opportunity for people living abroad to start their businesses and their lives in a developing country. The Golden Visa countries, like Spain or UAE, almost have the same benefits, but Spain wins if someone wants permanent residency.