Obtaining a golden visa spain is becoming an increasingly popular way for non-EU citizens to gain residency in Spain. This residence permit allows the holder and their family to live and work in Spain, access the country’s national healthcare system, and travel around the Schengen area without any restriction. The residency can be renewed every two years and eventually leads to citizenship after ten years of living in Spain. However, the process can be complicated and requires a lot of documentation. This article will provide an overview of the requirements and documentation that must be submitted in order to get a golden visa.
In this article, we’ll take a look at the steps involved in getting a golden visa from Spain. We’ll also talk about some of the benefits and drawbacks of this residency option for non-EU citizens. Finally, we’ll discuss some of the alternatives to the golden visa such as investing in a start-up business or applying for a regular resident visa.
The Spanish golden visa is a type of residence permit granted to non-EU citizens who make significant investments in the country. The main requirements for this visa are making a financial investment of at least €500,000 (about $546,000) and having health insurance coverage in Spain. Other requirements include having no criminal record and not being refused a Schengen visa in the past.
There are a number of ways to make the required investment, including buying property or opening bank deposits. Those interested in the real estate route can submit documents such as the deeds of the property and purchase contracts, along with a certification from the Spanish property registry that the deeds have been filed. For investments in public debt, share certificates and bank deposits, the applicant must provide a certificate from the financial institution stating that they are the sole holder of the deposit or shares.
Aside from the investments themselves, other required documentation includes a letter of motivation from the investor explaining why they want to invest in Spain and the impact that this will have on their family. Applicants must also provide personal documents such as their passport, marriage certificate if applicable, and birth certificates for children.
While the Spanish golden visa is a great opportunity for those who wish to settle in the country, it’s important to consider whether this is the best option for you. For example, if you’re a citizen of the United Kingdom, it may be more practical to invest in Portugal instead of Spain because the latter does not recognize dual citizenship. In addition, the 10-year timeline for EU citizenship may be a turnoff for some people. In addition, there are many other countries that offer visas for investors.