- Appointment with The Elite Passport’s client advisors.
- Conduct The Elite Passport’s due diligence check.
- Onboard the client and settle retainer fees.
About Spain
Nestled in southwestern Europe, the Kingdom of Spain is a diverse and captivating nation spanning the Iberian Peninsula and beyond. Its extensive territory includes the Canary and Balearic Islands, along with the autonomous cities of Ceuta and Melilla in Africa. Guarding Spain's mainland to the south, Gibraltar overlooks the Mediterranean Sea, while France and Andorra lie to the north, and Portugal to the west.
Covering an area of 505,990 km² (195,360 sq mi) and home to over 47.4 million people, Spain ranks as the second-largest country in the European Union. Its cultural and historical epicenter, Madrid, serves as a hub of art, fashion, and nightlife. Additionally, other prominent urban centers such as Barcelona, Valencia, Seville, and Bilbao each offer their own unique allure, contributing to the rich tapestry and diversity of this captivating nation.
Key facts about Spain:
- Capital: Madrid
- Currency: Euro (EUR)
- Population: 49,331,076
Spain Residence By Investment
The Spanish Golden Visa Programme offers an ideal opportunity for families seeking an alternative residence or lucrative investment property in the Mediterranean.
Under this program, a minimum property investment of EUR 500,000 is required, which can be utilized as a rental property while still maintaining its status as an investment. Applicants must maintain their investment for a minimum period of 5 years to retain and renew their Golden Visa. Once permanent residency is obtained, investments can be released if the goal is to become a permanent resident in Spain.
Benefits of Spain Residence By Investment
Spain's Golden Visa provides holders with the valuable benefit of visa-free travel across the Schengen states of Europe.
Golden Visa holders in Spain have the opportunity to apply for Spanish permanent residency after five years of being full-time residents. Moreover, they can apply for Spanish citizenship after ten years of being full-time residents. However, for citizens of former Spanish colonies and Sephardi Jews, the residency requirement for citizenship is reduced to two years.
Golden Visa holders in Spain are generally not subject to EU taxation unless they spend more than 183 days in the country within a given tax year.
A single applicant for Spain's Golden Visa program can indeed include their spouse and children as dependents on their application.
>Obtaining European residency through programs like the Golden Visa can indeed be expedited, typically taking anywhere from 2 to 3 months from the initiation of the application process to the issuance of residency documents.
The applicant and their family, through Spain's Golden Visa program, gain the right to live, work, and study in Spain, enjoying all the same benefits as other EU residents, including access to prestigious universities.
Programme Requirements
To qualify for Spain's Golden Visa program, applicants must pass a due diligence check, be at least 18 years old, and have no criminal record.
As for program options, investors and their families can obtain temporary residency in Spain within a few months by making a minimum property investment of EUR 500,000. The investment must be maintained for a minimum of 5 years to retain and renew the Golden Visa. Once permanent residency is obtained, investments can be released if the goal is to become a permanent resident in Spain.
Costs of Spain Residency
Eligible candidates can qualify for Spain’s Residence by Investment Programme by making a commitment to a minimum of EUR 500,000 in real estate for a minimum period of 5 years.
Investment Options
Real Estate
Purchase commercial and/or residential real estate in Spain with a minimum value of €500,000 (around 12% in taxes, stamp duty and fees on top to be considered when buying a property in Spain)
Stocks, shares, or bank deposits
Invest at least €1 million in stocks or shares of companies operating in Spain, in Spanish investment funds, venture capital funds, or in bank deposits in Spanish financial institutions
Spanish public debt securities
Invest at least €2 million in public debt securities (Bonds)
Professional Fees
- 25,000 EUR for a single applicant
- 30,000 EUR for a family of 5 members
Government Fees
The Spanish government applies a 70 EUR application fee per applicant
Application Process
-
1 - Assessment & Onboarding
-
2 - Application Submission
- Commence the legal process, obtain a Spanish tax number, and open a bank account.
- Fulfill property investment requirements.
- Prepare documents and submit the application for a Spanish Golden Visa.
- Travel to Spain for a biometrics appointment.
-
3 - Document & Application Processing
- Process the application.
- Receive approval for the application.
-
4 - Approval & Passport Handover
- Obtain the Golden Visa.
- Our team continues to provide support until the Golden Visa is officially handed over.