The following are questions frequently asked about the "Spanish
Golden Visa" residency program. If you don't find your answers,
please contact us at your convenience.
Q: What is the "Golden Visa"?
A: In September of 2013 Spain introduced a new type of visa and
residence permit for investors known as the "Golden Visa". The essential
purpose of this new law is to facilitate foreign investments in
Spain made by individuals that are not citizens of the European
Q: What are the benefits of the "Golden Visa"?
A: The visa allows the successful applicant to travel freely and
without restrictions along the “Schengen Area“ of Europe: Spain,
France, Germany, Austria, Belgium, Denmark, Estonia, Finland, Greece,
Hungary, Iceland, Italy, Latvia, Lithuania, Czech Republic, Liechtenstein,
Luxemburg, Malta, Netherlands, Norway, Poland, Portugal, Slovenia,
Slovakia, Sweden and Switzerland.
Applicants may file for Portuguese/European citizenship after ten
years of residency if desired. The Spanish (European) citizenship
• Visa free travel to over 160 countries, including the USA
• Retirement in a safe country with a warm climate
• A better education for the applicant’s children
• A better quality of life for the family
• Personal security
• Tax advantages
• Freedom associated with having multiple passports
Q: What is the minimum investment required to obtain the
A: The minimum investment in Spanish real estate is set by the Spanish
Government at €500.000. The investment cannot be financed
through a loan/mortgage - it must be a cash investment. Further,
the investment must have been made after September 29, 2013 which
is the date on which the law became effective. Real estate purchases
prior to this date cannot be applied.
Alternatively, investors may select to create a business project
in Spain, duly recognized as being of “general interest”, or invest
in a minimum of €2.000.000 (two million euro) in Government bonds,
or transfer to Spain at least €1.000.000 (one million euro) in company
shares or bank deposits.
Q: Will the visa also include my family?
A: Yes, your spouse and children under 18 can be added at the same
time as the initial application, or anytime thereafter.
Q: How long does the application process take?
A: The application takes no longer than 20 days, but the real estate
investment must be made before the application is filed.
Q: What type of real estate can I invest in?
A: Your are free to select whichever property you wish to purchase;
residential, commercial or land. Your investment can be in one property
or a portfolio of multiple properties as long as the minimum investment
Q: Does the investment have to be in mainland Spain, or can I invest
in real estate on one of the islands?
A: You may invest in property located on the mainland or any of
the the Balearic Islands of Mallorca, Menorca and Ibiza.
Click here for a few example
Q: Can you help me find real estate in Spain?
A: Yes. We are associated with several licensed real estate agencies
in Spain and would be happy to help you find your ideal property.
Q: Once I obtain the visa, do I need to move to Spain or
live in Spain for a minimum number of days during the year?
A: No, you do not need to stay in the country for a minimum number
of days. The residence visa is originally issued for one year. There
is no minimum stay requirements during the initial one year Golden
After one year, the visa can be renewed for two successive periods
of two years each, provided that the investment is maintained. You
need only be in the country to renew the visa. You are free to use
the visa to travel to any Schengen Area country, for any length
of time. This makes the visa especially attractive to business people.
Q: Once I want to apply for permanent residency, and maybe citizenship,
do I need to move to Spain or live in Spain for a minimum number
of days during the year?
A: Yes. To apply for Spanish permanent residency
you must live in Spain at least 6 months per year, for five years.
If you would like to then apply for Spanish citizenship (and hence
European citizenship which will allow you to live, work or study
anywhere in Europe), you need to show a total of 10 years permanent
Q: How long can I stay in Spain with my golden visa?
A: The residence visa for investors authorizes a stay in Spain for
one year. Once this period has expired, one can request a residence
authorization for a period of two years, renewable for two years
more if you prove the maintenance of the investment.
Q: Does the Golden Visa authorize me to work?
A: Yes. The Golden Visa authorizes you to live and work in Spain.
This results from the Fourth Additional Provision of the Law, which
gives the right to live and work in Spain.
Q: Can I keep my tax residence outside Spain?
A: Yes. The holders of the permit can keep their tax residence outside
Spain, as long as they stay in Spain for a period less than 183
days per year. Also, the residence permit can be renewed even with
absences longer than six months per year.
Q: What are the major differences among the various immigration
by investment programs?
Bulgaria Citizenship by Investment Program provides the
applicant with several investment options starting at EUR 185,000
for European citizenship and passport after five years in residency
status. The "fast track option" starts at EUR 270,000
and shortens this period to only 18 months.
Citizenship by Investment Program provides the applicant
with several investment options starting at EUR 2,0 million
for immediate European citizenship and passport. The entire
citizenship application process can be as fast as 90 days.
Golden Visa allows non-EU applicants to file for Greek residency
by way of a EUR 250,000 investment in local real estate. The
applicant may file for Greek citizenship after seven years of
Individual Investor Program provides the applicant with
European citizenship in return for a non-refundable donation
to the Maltese government in the amount of EUR 650,000 plus
a EUR 150,000 investment in approved securities and an investment
in real estate. The IIP application process can take between
six months and two years to complete. For applicants who are
only seeking Malta residency and Schengen travel benefits,
options start at an annual recurring expense of EUR 24,000.
Residency / Citizenship Program allows applicants to file
for Monaco residency by proving access to sufficient accommodations
and financial self-sufficiency. The applicant may file for Monaco
citizenship after ten years of permanent residency.
Golden Residence Permit Program requires an investment of
EUR 350,000 in real estate, or the transfer of 1 Million Euro,
or the creation of 10 new jobs in Portugal. After six years
of Portuguese residency, citizenship can be applied for.
Golden Visa requires a EUR 500,000 minimum investment in
real estate, or a 1 Million Euro asset transfer, or a 2 Million
Euro securities investment, or the creation of a new government-approved
business project in return for Spanish residency. After 10 years
of residency the applicant may file for citizenship.
Outside of the EU, citizenship by investment programs include
those offered by Canada, the United States of America, and the
Caribbean nations of Antigua & Barbuda, St. Kitts &
Nevis, Grenada, Dominica, and St. Lucia:
offers several residency by investment options, leading to citizenship
if desired, starting at CAD 200,000.
States EB-5 Program leads to permanent residency status
and citizenship in the United States for a minimum investment
of US-Dollar 500,000 in a commercial enterprise in the U.S.
that generates at least 10 jobs for Americans. After five years
as a permanent resident the investor may apply for U.S. citizenship.
Caribbean nations of Antigua & Barbuda, St. Kitts &
Nevis, Grenada, Dominica, and St. Lucia offer citizenship programs
requiring a cash contribution of at least US-Dollar 100,000.
Q: What does "Schengen Area" mean?
A: The Spanish visa allows you to travel without restrictions across
the "Schengen Area" of the European Union. The Schengen Area is
a group of 26 European countries that have abolished passport and
immigration controls at their common borders. It functions as a
single country for international travel purposes, with a common
visa policy. Source:
Q: After I am granted citizenship and receive a Spanish
passport, will I be able to travel to the United States with my
A: Yes. The Spanish passport will allow you to travel to the U.S.
under the visa waiver program which allows citizens of participating
countries to travel to the United States without a visa for stays
of 90 days or less. Source: