For years, the Golden Visa has been one of the most attractive ways for non-EU citizens to obtain residency in Spain through significant investments. However, the imminent elimination of this visa regime, currently in the legislative process, puts investors interested in benefiting from its many advantages against the clock. If you are considering obtaining residency in Spain through this procedure, now is the time to act.
Although the approval of the Bill in the Senate and its publication in the Official State Gazette (BOE) is still pending, experts estimate that the current regime could only be in force for the next 3 to 5 months. This short period of time is the last opportunity for interested investors to secure their residence in Spain by availing themselves of this procedure.
First, investment in financial securities equal to or greater than:
- 2 million euros 2 million in Spanish public debt.
- 1 million euros in shares or equity investments in Spanish companies with real business activity.
- 1 million euros 1 million in investment funds, venture capital funds or bank deposits in Spanish financial institutions.
Secondly, and more usual, the real estate investment with a minimum value of 500,000 euros in real estate in Spain. This amount must be free of liens or encumbrances.
And finally, investment in business projects of general interest. These refer to initiatives that demonstrate a positive impact on job creation, the socioeconomic development of the region or progress in scientific and technological innovation.
Once approved, the Golden Visa has an initial duration of 3 years, and can be renewed in periods of 5 years as long as the investment conditions that allowed it to be granted are maintained.
Golden Visa holders can also benefit from:
- Residence and work in SpainIt allows to reside and work without the obligation of continuous stay, with only one day of annual residence as minimum to maintain the permit.
- Free movement in the Schengen AreaFacilitates mobility within the Schengen countries, similar to European citizens.
- Family reunificationThe holder can regroup his/her spouse, minor children, economically dependent children and dependent ascendants. The application for reunification can be made together with the holder's application or later, depending on the investor's needs.
- Access to Spanish nationalityFor certain individuals, Spanish nationality can be requested after 2 years of legal and continuous residence in the country, by virtue of dual nationality agreements.
- Application process steps
Despite the attractive advantages of the Golden Visa, the application is often complex. Investment requirements, documentation and administrative procedures can be overwhelming for foreign investors, particularly those from countries with different legal and financial requirements. Among the main challenges are:
- Strict compliance with legal requirementsIt is essential to comply with all specific criteria for each type of investment. Any non-compliance may cause problems in the application.
- Complex and voluminous documentationThe submission of documents from other countries involves their legalization and sworn translation. An error at this stage may result in delays or even in a refusal.
- Interaction with authorities and administrative proceduresThe interpretation of legal requirements and the correct handling of administrative procedures are crucial to avoid common mistakes.
- The advantage of working with a firm specializing in Golden Visa
At Montelirio Abogados y Asesores Tributarios we have extensive experience in the processing of Golden Visa procedures in Spain. Our team of lawyers facilitates every step of the process, from investment analysis to obtaining residency. We offer a service with a deep knowledge of the legislation. That is why we anticipate and resolve any obstacle that arises in the application. Likewise, applicants receive personalized attention, which means that we adapt to the needs and circumstances of each client, guaranteeing a smooth and uncomplicated process. In addition, we have a wide network of collaborators, such as sworn translators, notaries and other professionals to manage all the necessary aspects of the application.
Contact us at and let us accompany you in this important step to make your residency in Spain a reality.
