Spain Golden Visa

The Spanish Golden Visa program is open to non-EU nationals who make a significant investment in Spain. This could include a real estate purchase worth at least €500,000, an investment of €1 million in shares of Spanish companies or deposits in Spanish banks, a €2 million investment in Spanish government bonds, or leading a significant business project in the country that fulfils certain criteria.

To get a Golden Visa in Spain, you need to make a significant investment, such as purchasing real estate worth at least €500,000, investing €1 million in shares of Spanish companies or deposits in Spanish banks, or buying €2 million in Spanish government bonds.

Yes, the Golden Visa offers many advantages offers many advantages such as visa-free travel within the Schengen area, the right to live and work in Spain, and a potential path to residency and citizenship.

Some potential drawbacks of the Spanish Golden Visa could include the substantial financial investment required, which may not yield high returns. Additionally, Spain taxes residents on their worldwide income, which could have significant financial implications for some individuals. Another con is that one needs to wait 10 years to apply for Spain citizenship and renounce their first nationality.

Yes, the Spain Golden Visa can ultimately lead to citizenship, but it's a long process. After living in Spain for ten years continuously and legally, which includes the time spent under the Golden Visa, one can apply for Spanish citizenship. The decision to grant citizenship, however, rests upon other factors such as language proficiency and integration into Spanish society.

The Spain Golden Visa allows for residency in Spain, meaning you can live there full time. It initially grants a 3-year visa, which can be renewed for five-year periods provided you still meet the investment requirements. There is no mandatory minimum stay per year to renew the visa, so it effectively allows you to stay in Spain as long as you maintain your investment.

The processing time for a Spanish Golden Visa can vary, but it generally takes around 20 days from when the application is submitted. From the preparation of documents to the residence card received, the procedure is usually 5 months.