Obtain the Golden Visa Spain with an investment of 500,000 euros
Golden Visa Spain for Investors is a program launched by Spain in 2013. Not many people know that with a real estate investment of Euro 500,000 you are entitled to obtain residency in Spain, for yourself and your family. It is not necessary to live in Spain to maintain or renovate it.
The Golden Visa can be renewed every two years as long as the property is still owned. After five years you can apply for permanent residence, while after ten years you can apply for citizenship.
Real estate investment can be both residential and commercial or mixed. As soon as you have purchased the property you can make the request. The bureaucratic time-frames to obtain it are approximately 10 days.
Requirements for obtaining the Golden visa:
- Real estate investment of at least 500,000 euros.
- Clean criminal record.
- No entry ban in EU countries.
Family members that you can include in the Golden Visa
The members of your family that you can include on the Golden Visa are: your spouse, children up to 18 years of age, dependent elderly parents.
Cases in which you cannot apply for the Golden Visa
You cannot apply for a Golden Visa Spain if you buy the property through a bank loan. You must make the initial investment in full, with your own funds and you must be the sole owner. However, if you buy a property worth more than Euro 500,000, you can use loans and financing to pay the amount exceeding Euro 500,000.
If you decide to buy a property together with other investors, each person involved must pay the minimum required amount of Euro 500,000 to be eligible for the Golden Visa Spain. It is not possible to split the investment into smaller amounts, as you would not be able to benefit from Golden Visa residency.
Read more about how to get the Golden Visa Spain.
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