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Spain: Golden Visa

It is no wonder that immigration to Spain has increased over the last couple of years.  Great weather, a more relaxed pace of life, amazing Mediterranean food and the close proximity to the rest of Europe makes Spain a popular choice.  Spain launched its Golden Visa programme in 2013 making it possible for non-EU citizens to get residency by purchasing property, shares, government bonds or through making a large bank deposit. The most popular is investment in real estate of €500,000 or more.  The Golden Visa gives you visa free access to all of the countries in the Schengen Area and after 10 years you can apply for citizenship.

Further information:

  • Processing times typically take about 4 months
  • The visa is renewed every 2 years 
  • After 5 years it is possible to gain permanent residency
  • A minimum residence period in Spain of 183 days a year is required to keep your visa active.
  • You may be authorized to maintain your tax residence outside Spain. 


Investment

Under the Spanish Golden Visa Program, you can apply for residency if you make one of the significant investments below in Spain:

  • Real estate assets (€500,000)
  • Shares or bank deposits (€1 million)
  • Public debt (government bonds) (€2 million)
  • Approved Business projects

Golden Visa Key Points

Programme Name:Golden Visa Minimum investment:EUR 500,000
Time to permanent residency: Immediate Time to citizenship:10 years
Typical processing time:4 months Minimum stay:No requirement
Visa Free Countries:161 Passport Ranking:5th
Cost of Living Rank:46th Corruption Rank:41st

Spain Overview

If you love sunshine and hate to rush, Spain might be the perfect new home for you. The Spanish love life and who could blame them. The weather is sunny and warm, the food is great, landscapes are stunning, the culture is rich and diverse and the cost of living is relatively low. What’s not to love about Spain?

The financial crisis hit Spain hard but employment numbers have recently gone up and the economy is growing. This also goes for salaries in Spain, which are steadily increasing. This means now is the time to grab an opportunity and take your career to Spanish grounds. 

Most immigrants can be found in Madrid and Barcelona, which are the biggest cities in the country and offer the most career opportunities. In smaller towns and at some companies based in larger cities the siesta is still honoured which results in long lunch breaks. People highly value trust in work relationships and like socialising at work. 

In order to do this you’ll probably have to learn Spanish, unless you work in tourism or teach English. 

Explore on wherecani.live

The passport for Spain allows you to travel to 161 countries without a visa.

Its global rank is 5.