The golden visa spain is a residence permit for non-EU citizens who make a substantial investment in the country. It is regulated by Law 14/2013, of the 27th of September, on investment incentives, also known as “The Entrepreneurs’ Law” (Ley de Emprendedores). This permit gives its holders access to the national healthcare system, as well as free movement within the Schengen area. Moreover, it enables them to acquire a Spanish citizenship after ten years of residency.
The eligibility criteria are fairly straightforward, and there are many different options for investors. The first one involves buying real estate in Spain worth at least EUR 500,000. Applicants must submit documents that prove this investment, including a certificate of property registration and purchase deeds. Another option is to invest a substantial amount in government bonds, which are backed by the government. This type of investment is popular with the golden visa program Spain, as it offers a high rate of return and a degree of financial security.
Finally, investors can also choose to establish a business that will generate employment in Spain or make a significant contribution to science and technology. This route is particularly interesting for entrepreneurs who have a successful track record and can demonstrate that their business idea will have a positive impact on the economy of the region in which they plan to operate.
Applicants must prove that they have sufficient funds to cover the cost of the investment and their living expenses in Spain. They must also provide proof of health insurance. Additionally, they must not have received a refusal to enter any of the countries in which Spain has an immigration agreement, and their family members must also meet the same requirements.
Once a person has obtained a Golden Visa, they are eligible for permanent residency in Spain after five years of residence. They must reside in Spain at least eleven months per year and spend no more than three consecutive months outside of the country. Additionally, they must have visited Spain at least once every two and a half to three months during this period.
The golden visa spain is a great option for people who want to live in Europe and gain access to the EU’s high-quality healthcare and education system. However, the program is not without its challenges, with pressure from European Union officials for Spain to scrap it and the recent examples of Ireland, Greece, and Portugal, which have already partially or completely stopped their Golden Visa programs. As a result, it is important for prospective applicants to research the market carefully before making an investment decision. In addition, it is a good idea to consult with professionals who specialize in Golden Visa programs. They can help you determine whether you are a good candidate for the visa and arrange a trip to Spain to see your options in person. They can also assist with the application process once you have made your choice.