Spain Golden Visa Program 20232023-01-22T15:27:44+00:00

Spain Golden Visa Program 2023

Looking for a Plan B in Europe in 2023? Spain’s Golden Visa Program gives non-EEA nationals, including South Africans, the ability to obtain residency by investment in Spain with ease. While the minimum required capital commitment for the program is €500,000 (any type of real estate), there is also a proprietary commercial property option that pays 10 years’ yield, at 3% per year, up-front.

This reduces the effective capital outlay required to just €350,000.

Find out more about the various program options for 2023 and how to apply for the Spain Golden Visa below, or contact us now for a free consultation.

The Spain Golden Visa Program at a glance

Situated in Southern Europe, Spain is an internationally sought after travel destination offering residents an enviable lifestyle. The Spanish Golden Visa program has proved ever popular among third country nationals from across the globe. The program has had one of its best years since inception in 2018, and is now widely considered to be one of the top Golden Visa countries in the EU.

The program is reported to have raised over €3 billion in investment since inception.

How It Works

The Spanish Golden Visa program was launched in September 2013, and requires third country investors to make an eligible property investment of €500,000 or more, with seeking in-country finance, in order to obtain a Golden Visa valid for 12 months. This permit can subsequently be converted into a 2-year residency permit that can be renewed for up to 5 years, provided that the qualifying property investment is maintained.

After 5 years, visa holders can become eligible to apply for permanent residency, however this carries the requirement of having to live in Spain for no less than half the year (183 days or more). Once permanent residency has been maintained for a full decade, the migrant investor can become eligible to apply for Spanish citizenship.

A key draw card of the program is that primary visa applicants’ spouses and dependent children can be included in the residency application. The program also allows immigrant investors to apply for residency rights for adult dependent relatives on the basis of family reunification rights. The Golden Visa is not subject to any minimum stay requirements, making it an ideal Plan B for South African families.

Alternative Investment Options

In addition to buying a 500,000+ property, another investment option is to invest €2 million into Spanish government bonds. You also have the option to invest:

  • €1 million in a qualifying bank deposit

  • €1 million in investment funds into Spain.

  • €1 million in stock or shares of a Spanish company

Why choose Spain for a Golden Visa in 2023?

In addition to the lifestyle perks, obtaining Spanish residency through investment has many strategic benefits:

Freedom of Movement: Spanish residency rights gives you the ability to live, study and travel across 26 Schengen States at will, visa free. 

A Growing Investment: The Spanish property market has been recovering well in recent years, in part due to the success of the Spanish Golden Visa scheme. On average, property prices increased by over 10% during 2018, according to the General Council of Spanish Public Notaries.

The average property investment being made is in excess of €700,000, with Barcelona, The Costa Blanca and Costa del Sol areas proving extremely popular with foreign visitors and investors alike. In locations such as Alicante, contemporary villas with pools can be found from around €550,000. In Barcelona, however, that kind of budget is more likely to buy you an apartment. 

Viable Plan B: The ability to include family members, combined with the ability to obtain a growing real estate investment and do business remotely with South Africa, makes Spain an attractive Golden Visa host country for SA passport holders. Great air route connectivity between cities like Madrid and Barcelona, and Cape Town and Johannesburg, respectively, makes regular business commuting very sustainable as well.

Gateway To Europe: Europe and the world does business in Barcelona, so if you’re seeking to expand your commercial footprint into southern and central Europe, the city is an excellent choice in which to establish your headquarters.

Lifestyle Compatibility: South Africans thrive in Spain – given the country’s excellent cuisine, stunning scenery, air quality, world class beaches and vibrant culture, it is an easy place to feel at home in.

Spain Golden Visa FAQ 

How long does it take to obtain a Golden Visa in Spain?2020-06-27T10:26:37+00:00

As of June 2020, Golden Visa applications in Spain can typically be completed in under 2 months (60 days). Contact us for more information or to apply for your Spain Golden Visa today.

Can I work in Spain on the Spanish Golden Visa?2020-06-27T10:22:13+00:00

You can – the Spanish Golden Investment Visa allows you to work, live and study in Spain.

Contact us for more information on this topic now.

How long is the Spanish Golden Visa valid for?2020-06-27T10:21:44+00:00

The Spain Golden Visa is initially issued for a period of 2 years, after which it can be renewed at 5 year intervals, provided that the requisite investment is maintained by the visa recipient.

Contact us for more information on this topic now.

Does the Spanish Golden Visa lead to Spanish citizenship?2020-06-27T10:20:38+00:00

Yes, it can, eventually. As a first step, on order to become eligible to apply for Spanish Permanent Residency, you’ll have to reside in Spain for at least 6 months per year for 5 uninterrupted years. After you’ve then held Spanish Permanent Residency status for a period of 5 years (after 10 years in total), you can then become eligible to apply for Spanish citizenship.

If you don’t, however, your Spanish Golden Visa can simply be renewed. Contact us for more information on this topic now.

Is my family eligible for the Spanish Golden Visa?2020-06-27T10:19:37+00:00

Yes, your spouse and dependent, unmarried children under the age of 21 years are eligible under the Spanish Golden Visa Program, provided that you can prove sufficient means to support them, and that you have comprehensive health insurance in place for the entire family.

Contact us for more information or to apply for your Spain Golden Visa today.

Can I finance my Golden Visa investment?2020-06-27T10:18:07+00:00

The Spanish Golden Visa Program requires a minimum, non-financed capital investment of at least €500,000, however industry reports suggest that a reduction to €250,000 is currently being considered. If you were to invest in a property worth more than €500,000, the difference can be financed.

As an example: if you were to buy a property for €1 million, you could get a mortgage for €500,000 of the investment amount. Contact us for more information or to apply for your Spain Golden Visa today.

What are the 2020 investment options for the Spanish Golden Visa?2020-06-27T10:16:44+00:00

As of June 2020, you have the following investment options to obtain a Spanish Golden Visa:

  1. Invest in property worth €500,000 or more. You have the option of co-investing with someone else, as long as the individual contribution per investor is a minimum of €500,000.

  2. Invest €1 million or more in the shares of a Spanish company

  3. Deposit €1 million or more in a Spanish national bank

  4. Make a substantial, government approved investment in a business, startup or commercial enterprise in Spain. The criteria on which such investments are appraised include the value of the investment, job creation potential, and contribution to scientific or technological advances to the benefit of Spain. In addition, the broader socio-economic impact of the project will also be considered.

Contact us for more information on this topic now.

NOTE: If you’re intend on settling in Spain for at least 6 months per year, be sure to also check out the Spanish Non-Lucrative Residency Visa program.

Spanish Golden Visa investments from €500,000. Contact Us Now

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