Life In Spain – Is Spanish Golden Visa Program for you?
Spanish Golden Visa with €500,000 investment.
Spanish golden visa programme was launched in 2013. An investment of €500,000 in real estate will gain family residency.
The Spanish investor visa can be renewed every two years. After five years it is possible to gain permanent residency and after ten years citizenship.
It is not necessary to live in Spain in order to retain and renew the residency visa permit.
Permanent Residency and Citizenship
It is possible to apply for permanent residency in Spain after living in the country for five years. Citizenship can be applied for after living full time for ten years.
Although the temporary residency permit (the golden visa) can be easily renewed without living in the country, the route to both permanent residency and citizenship requires the investor and their family to reside in Spain.
For this reason many investors prefer the option of Portugal where such residence is not a requirement.
- Investment of €500,000
- Full family residency
- Flexible. No requirement to reside.
- Permanent Residency from 5 years
- Citizenship from 10 years
- EU Schengen visa travel
After several years of price declines real estate is now at rock bottom prices and the Spanish property market offers considerable potential for capital gains in the coming years. Investors need to consider their purchase carefully.
Is it for investment and rental or lifestyle? There are many offers on the market from developers and banks but location and property type is critical to the success of the investment.