know the investment options, requirements and the process of the golden visa in Spain for the year 2023
Golden visa Spain
¿Are you looking for a way to move to Spain and start a new life? An investor visa in Spain may be the right option for you and your family. The Golden Visa Spain is a special residence permit that allows non-European citizens to live, work and study in Spain. This visa is offered to those who can make a financial investment in the country.
How to obtain a golden visa in Spain
The law firm of attorney Lino Garcia offers a range of options to help you and your family to live in Spain through investments.
The main options offered by our law firm include the purchase of Spanish public debt to the value of 2,000,000 Euros, to make a bank deposit in Spanish financial institutions to the value of 1,000,000 Euros or the purchase of real estate in Spain to the value of more than 500,000 Euros.
In addition to these options, there are also other ways to invest in Spain and obtain a Golden Visa.
These include investing in shares or participations in Spanish capital companies for a value of 1,000,000 euros, investing in closed-end investment funds or venture capital funds incorporated in Spain for a value of 1,000,000 euros, and investing in a business project of general interest that meets certain criteria.
These criteria include the creation of employment, the realization of an investment with a relevant socioeconomic impact in the geographical area where the activity is to be developed, or the realization of a relevant contribution to scientific and technological innovation.
At the law firm of attorney Lino Garcia we understand that investing in a foreign country can be a daunting prospect. That’s why we’re here to help you.
Our expertise and team can guide you through the entire Investor visa for Spain process, from helping you choose the right option for your investment to ensuring that all the necessary steps are taken to apply for your visa or residence permit. With our help, you can make your dream of living and working in Spain a reality.
Reasons to live and invest in Spain
Spain is a great place to live for many reasons. From its world-famous beaches, stunning landscapes and monuments to its enviable climate and exquisite gastronomy, Spain has something for everyone. In 2015, 65 million tourists visited Spain, making it one of the world’s top tourist destinations.
In addition, Spain is an attractive place to live and invest. The country offers a Golden visa program, which grants visas and residence permits to foreign citizens who invest in Spanish real estate. In 2019, 8,287 Golden visas were granted to Chinese citizens, 6,185 to Russian citizens and 609 to U.S. citizens. Other countries, such as Ukraine, Egypt, Iran and Venezuela, also received visas and reside
What are the benefits of a golden visa in Spain
The Golden Visa program makes it easier for foreign citizens to obtain legal residency in Spain. The process is simple and straightforward, and the requirements are relatively easy to meet. Foreign citizens need to invest in a property worth at least 500,000 euros and hold it for a minimum of five years.
With the help of this program, foreign investors can obtain legal residence in Spain and enjoy all the benefits that come with it, such as access to the Schengen area and free movement within the European Union.
Golden visa Spain conditions
In addition to the Golden visa Spain benefits, Spain offers other incentives to live and invest in the country. The country has a low cost of living, a high quality of life and a vibrant culture. Spain also has a strong economy with a thriving job market. All these factors make it an ideal place to live and invest for both foreign and Spanish nationals.
Total, Visas and Residence Permits Granted
With the current global economic situation, many investors are looking for different ways to invest their money and make their investments profitable. One of the most popular ways is to receive a visa or residence permit based on an investment in a particular country.
It is important for investors to be aware of the different types of investments available for the Golden visa Spain process and the total number of visas and residence permits that can be obtained through these investments.
The total number of visas and residence permits by type of investment is as follows:
- Investment fund – 29,
- Investment in shares or stocks – 107,
- Bank deposits – 169,
- Public debt – 5,
- Business project – 56, and
- Real estate investment – 8.5.
Services of our Law Firm to facilitate your procedure
In addition to these investment options, the Investor Service offers a number of services to help investors get the most out of their investments.
- These services include obtaining a Power of Attorney,
- Administrative Procedures,
- Immigration Assistance and Legal Advice for Investors,
- Representation for the Application and Follow-up of the File, and
- Administrative and Judicial Appeals.
Investors who are considering investing and obtaining a visa or residence permit should be aware of the different types of investments available.
As well as the services offered to help them manage their investments.
This will help them get the most out of their investments and ensure they receive the best return on their investments.
Remember to read our post on the 10 mistakes to avoid with the Golden Visa.
Golden Visa Spain
If you are interested in obtaining a residence and work permit in Spain, the Golden Visa Spain is the answer.
This visa is available to foreign investors making an investment in the country, and provides a number of benefits such as the right to live and work in Spain, and access to the Spanish health care and education systems.
Golden Visa Portugal
Maybe some people wonder Which golden visa is better Spain or Portugal
Not to be confused with the Golden Visa Portugal, the Golden Visa Spain requires a higher capital investment, but with the potential for a higher return on investment due to the country’s strong economy.
This investment must be at least 500,000 euros in real estate, 2,000,000 euros in Spanish government bonds, 1,000,000 euros in bank deposits, among other forms of investment.
The Golden visa spain conditions for 2023 remain the same.
In addition, the investor must demonstrate that it has the necessary funds to cover his living expenses during his stay in Spain, and must also have a valid health insurance in Spain.
The Golden Visa in Spain offers an excellent opportunity for foreign investors to obtain a residence and work permit in the country, with the potential of a lucrative return on investment.
If you are interested in applying for the Golden Visa in Spain, make sure to thoroughly investigate all the requirements, conditions and it’s compliance.
Golden visa requirements for Spain
When it comes to obtaining a golden visa, first at all, it is important to understand the requirements that must be met in order to apply for and obtain the permit.
Golden visa requirements vary depending on the country in which the application is submitted.
For example, in Spain, gold visa requirements may include proof of sufficient financial resources, a valid passport and a clean criminal record.
In Madrid, as the capital of Spain and a major city, investors may choose to apply for their gold visa in this city.
Golden visa USA
On the other hand, in the United States of America, the golden visa is officially called EB-5 visa. To apply for this visa, the investor must prove an investment of US$900,000.
It is important to bear in mind that this visa is different from the spanish one, so investors should be aware of the requirements of each country before applying for it.
Golden visa Spain Madrid
Madrid is the capital of Spain and one of the target cities for the Golden visa, therefore.
It becomes a destination for people who want to invest. But the Golden visa investment can be made in cities like for example:
- A Coruña,
- Balearic Islands,
- Ciudad Real,
- La Rioja,
- Las Palmas,
- Santa Cruz de Tenerife,
- Zamora and
In conclusion, to apply for the Golden Visa, certain requirements must be met.
It is important to understand the requirements of the country in which the application is being made, as well as to determine which city is the best destination for the application. By understanding these requirements, investors can be confident that their golden visa application will be successful.
Golden visa Spain Right to work and Golden Visa family
The Golden visa is a special type of residence and work permit that grants holders and their immediate family members the right to live and work in Spain.
This type of permit allows a foreigner to take up residence with his family in a foreign country in exchange for a real estate or business investment.
For those who wish to obtain a Golden visa together with their family members.
It´s important to pay attention to the fulfillment of all requirements and the quality and validity of certain documents and conditions.
Therefore, it is highly recommended to seek the advice of an experienced Golden visa lawyer.
If you wish to obtain a Golden visa for you and your family, it is important to be aware of the requirements and conditions.
In addition, it is highly recommended to seek the advice of a qualified attorney to assist you with the process and to ensure that you submit all the necessary documents.
Once you have obtained the golden visa for you and your family, you will be able to enjoy the many benefits that come with the permit, such as the right to live and work in the foreign country, access to healthcare and education, and much more.
How to obtain a golden visa in Spain?
Obtaining a golden visa for you and your family can be an excellent way to take up residence in another country and benefit from the numerous advantages it entails.
However, it is important to pay attention to the requirements and conditions required in Spain and seek the advice of an expert lawyer to ensure that the process is carried out correctly.
Golden visa Countries
The Golden visa are available in many countries around the world, such as:
- Antigua and Barbuda,
- New Zealand,
- St. Lucia,
- Cayman Islands,
- United Kingdom,
- United States of America,
- Cayman Islands,
- United Kingdom,
- United Arab Emirates,
How to apply for golden visa in Spain
The Golden Visa is a special type of visa available to foreign investors that allows them to live and work in Spain. This process is done electronically and requires a formal request to be made to the Large Companies and Strategic Groups Unit (UGE). The good news is that we can process it for you, from our Law office.
Golden Visa Spain Barcelona
Barcelona is one of the most popular cities in Spain, which makes it the preferred destination for foreign investors wishing to obtain the Golden Visa. However, other cities in Spain, such as:
- A Coruña,
- Balearic Islands,
- Ciudad Real,
- La Rioja,
- Las Palmas,
- Santa Cruz de Tenerife,
Golden visa Spain after Brexit
¿Are you a British citizen looking for a way to live and work in Spain? The Golden Visa Spain after Brexit process may be the perfect option for you after brexit and the withdrawal agreement.
The application process is easy and straightforward, and can be completed in just a few steps. So don’t wait any longer and apply for a Golden Visa as a non-EU citizen.
Golden visa Spain do i pay tax
The Golden Visa system allows foreign citizens to reside in Spain for a certain period of time. One of the most important aspects to take into account when deciding to take advantage of this system are the tax implications involved.
Golden Visa Spain Tax Implications
Under the Golden Visa system, foreign citizens are subject to taxation if they spend more than 183 days a year in Spain.
Also if they have their main center of economic activities in Spain.
In this case, they will be considered tax residents in Spain and will be taxed on their worldwide income.
However, foreign citizens can also opt for a special tax residence in Spain.
This will reduce their tax liability, as they will be taxed only on income obtained in Spain, at a rate of 24% for the first 600,000 euros, and at the maximum rate applicable thereafter. This tax regime will apply for a period of five years.
It is important to note that the 183-day rule is a key factor for taxation under the Golden Visa system.
This rule stipulates that foreign nationals who spend more than 183 days per year in Spain will be considered tax residents in Spain and will be subject to taxation on their worldwide income. Therefore, it is essential to be very careful with the number of days spent in Spain per year.
Regarding the special tax residence there are some important points to be taken into account.
Firstly, you must not have been a tax resident for the last 10 years, you must have an employment contract with a Spanish company of which you are not the majority shareholder and the income obtained from this contract must not come from a permanent establishment in Spain.
Wealth Tax in Spain.
This special tax regime must be requested within a maximum period of 6 months from the date of registration with the Social Security.
After 5 years of continuous residence in Spain, you will acquire the «normal» tax residence (leaving behind the special tax residence), and will be taxed at the corresponding rate for the totality of your worldwide income.
Absences from Spain and Nationality
The nationality by residence is the most complete process that a foreign citizen can do from the point of view of its integration.
For the nationality by residence certain requirements are demanded that are in function of different assumptions and of the time of legal and continued residence in Spain.
Thus, for example:
- The General Supposition requires 10 years of residence
- 5 years of residence in the case of refugees
- 2 years of residence for nationals of Ibero-American countries, Andorra, Philippines, Equatorial Guinea, Portugal or Sephardic.
- 1 year of residence for:
a.- Born in Spanish territory,
b. – For those who have not made the nationality by choice.
c- The subject legally under guardianship, guardianship or care of a Spanish citizen or institution for two consecutive years, even if continues in this situation at the time of the request.
d) One who has been married to Spanish citizen for one year and not legally or de facto separated.
e) The widow or widower of a spanish citizen, if at the death of the couple there was no legal or de facto separation.
f) The one born outside Spain of Spanish parents or grandparents of origin.
For example, if the holder of the golden visa is a citizen of Canada, you will be required 10 years of continuous, legal and effective residence, later I will explain the meaning of each one of these elements.
However, following the same example, if the same Canadian person is a refugee, then he can apply to nationality at 5 years of continuous residence, legal and effective.
If such a Canadian citizen was born in Spain but never obtained Spanish nationality.
By the fact of being born in Spain then he may apply to nationality by residence when having completed 1 year in Spain being a legal resident
Privileges of the golden visa from the point of view of entry, exits, free circulation without computing absences from Spain.
The investment not only benefits the foreign citizen from the point of view of obtaining a residence permit, but also exempts him from counting his absences from Spain.
For the golden visa Spain rules,the general rule means that when a foreigner is authorized to reside and live in Spain.
He is entitled precisely to remain in Spain and not in another place, there must be a spirit and effective residence in the national territory.
But for the golden visa it doesn´t happens the same, that is ,being a special authorization.
The foreign citizen is not computed how long he has been out of Spain, or if for example during the validity of his permit he has hardly been in Spain.
At the moment of renewing the residence permit as an investor you will have the guarantee that your absences from Spain will not be an obstacle for the renewal of the permit.
Golden Visa – Freedom of Entry and Exit from Spain without computation of absences VS the requirement of legal and effective residence.
I have already mentioned that the foreign investor holder of a golden visa can enter and leave Spain without the fear of having his time computed.
This privilege allows him to renew his residence permit, unlike other authorizations of the general regime where a non-investor foreign citizen is subject to an absence criteria of 6 months in temporary residence or 10 to 12 months in long term residence.
When a foreign citizen of the general regime exceeds these absence limits, his residence permit is terminated.
Which is detrimental, a situation that does not occur with the foreign citizen investor.
Now, it is necessary to differentiate between residence and nationality, both are administrative procedures.
But there are also marked differences within the residence permits, in one case the competent authorities are the Government Delegations or Subdelegations (general regime).
while the residence permits as an investor are the competence of the Unit of Large Companies and Strategic Collectives UGE (special regime).
Spain golden visa processing time
The resolution (response) periods for initial and renewal applications are usually 3 months, although in practice they exceed this period.
While the processing time for a residence permit under the special regime is usually 20 days.
Golden visa Spain citizenship
According to these differences, it should be remembered that nationality and residence are not the same thing.
Nationality may become a consequence of residence, but residence will rarely be a consequence of nationality, except in cases of recovery.
Therefore, nationality depends on continuous, legal and effective residence.
It is of no use for an investor to maintain the right to renew his residence permit without his absences being taken into consideration, since when applying for nationality this privilege will not be taken into account.
This is established in the spirit of article 22.3 of the civil code, although with the expression «legal, continuous and immediately prior to the request».
In conclusion, if you are an investor and you want to opt for nationality, you should make the same effort as the rest of foreign citizens and avoid absences that although they do not influence your residence permit, they will harm your nationality by residence process.