As we have said, and as we will delve into later, the golden visa is designed for all those citizens from outside the European Union who intend to make an investment in Spain as a means of obtaining residence.
Thus, the countries in which this residence permit has gained more popularity are China and Russia.
However, people from Iran, Venezuela and Lebanon register notorious activity with this visa.
Well, they have also commonly found in investments in Spain a place to deposit their money; thus earning the pass to a residence permit that largely avoids most of the procedures of the other visas.
We have summarized the main advantages of the Golden Visa in Spain in the following points:
It allows you to work and live legally in Spain. With this we can identify the golden visa as a work permit.
It is the only residence permit that grants its bearer the opportunity to live for an initial 2 years in Spain.
In order to obtain this visa, residence in Spanish territory is not required. Let us remember that this is equivalent to residing in the country for more than 183 days in the year.
It provides complete freedom of movement throughout the Schengen area; that is, most of the countries of the European Union, in addition to certain others.
The main applicant (investor), can apply at the same time as his residence permit, the residence permit of his spouse and children
To apply for the golden visa, it is not necessary for the applicant to do so physically in Spain. You can simply designate a representative to collect the relevant documentation for her or him.
Once the investor has obtained his golden visa, he will have 2 years to legally reside in Spanish territory.
Once this temporary period has elapsed, the applicant can request a renewal that will allow him to be a legal resident for an additional 5 years.
In order to carry out this procedure, the person in question must demonstrate that they continue to own the asset that was the object of investment; be it property, shares/participations or public debt.
In addition, he must have visited Spain at least once during the year.
Let us remember that the golden visa is one of the many ways to obtain Spanish nationality. After 10 years residing legally in Spain, the investor will be able to carry out the relevant procedure.
In order to apply for the golden visa in Spain during this 2020, you can choose one of the following ways:
First of all, you can get an investor visa by purchasing real estate worth more than €500,000. But what if the property has been purchased by multiple individuals/investors? In that case, we must take into account that the investment will be computed at the individual level. This means that if our personal contribution to the property in question does not reach €500,000, we will not be able to apply for the visa.
Not be a citizen of a member country of the European Union. As we have mentioned, this special residence permit is designed for citizens of countries outside this area, which have a more difficult time obtaining a visa in Spain.
Be of legal age (+18 in Spain).
Lack of a criminal record, both in Spain and in any other country. The term to take into account here will be the last 5 years.
Have covered health care in Spain. This can be through public insurance or private insurance. It does not serve neither a travel nor the country of origin; It must be with an insurance company in Spain. However, in the event that the insurance has deficiencies, it would not be a reason to deny the application.