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THE GOLDEN VISA IN SPAIN
By Marco Esteban, Lawyer in Barcelona, Spain
The Golden Visa in Spain is a residence programme stablished by the entrepreneurs law 14/2013, later modified by the law 25/2015. The main benefits offered today in 2017 for Non-EU nationals investors who make significant investments in Spain are:
Minimum investments requirements
For a capital investment to be considered as significant, one of the following criteria must be fulfilled:
Conditions to apply
For residence authorizations, the applicants shall provide evidence of compliance with the following conditions as they are required to:
How long does the investor residence permit last?
Non-resident foreign nationals intending to enter Spain for the purpose of making a significant capital investment may apply for a stay visa or, where applicable, a residence visa for investors with one year validity
Those foreign investors who make a significant investment in capital may apply for an investor residence permit. The initial investor residence permit will have a length of validity of two years.
Once this time period has expired, those foreign investors wishing to reside in Spain for a longer period of time may apply for the renewal of the residence permit for successive five-year periods.
Investors Residence Permit procedure
The maximum decision-making period will be twenty days from the filing of the application in the competent body. If no decision is reached within said period, the permit will be deemed to be granted due to administrative silence.
Renewal does not require effective residence in Spain.