Golden Reasons to Invest
With the Spanish Golden Visa, you will receive many perks that a normal residential visa cannot provide. You have 8 golden reasons to obtain a golden visa.
Golden Reason 1
With the residence permit, you can live, work, study & retire in Spain.
Golden Reason 2
Utilise the fast track Golden Visa service, that is the fastest way to acquire residency in Spain.
Golden Reason 3
There is no requirement to live in Spain in order to maintain the residency.
Golden Reason 4
The process is streamlined and therefore the Visa decisions are made & notified within 10 working days. Residency permit decisions are made within 20 working days, after which a resident card can be applied for.
Golden Reason 5
You and your family are allowed to freely explore Europe, without restrictions in the Schengen Area.
Golden Reason 6
You have the right to live in Spain for an unlimited period of time.
Golden Reason 7
This is the most convenient path to becoming a Spanish national. Philippine citizens need only 2 years of residency to apply for Spanish nationality while other applicant require up to 10 years.
Golden Reason 8
Your partner and children, up to 17 years old or below, are included in the Golden Visa application and can obtain residency permits. Children over 18 years old or above, and the parents of the primary investor can also apply for residency. Providing there is sufficient proof that these family members are economically dependent on the primary investor.
Essential rules for investment
To obtain a Golden Visa, you must abide by essential rules. Otherwise, you may be not be entitled to obtain Spanish residency and nationality.
Essential Rule 1
The minimum property investment must be at least €500,000 (before taxes) & investments may be spread over several properties.
Essential Rule 2
On top of the €500,000 property investment, you will need to include 9 – 12% more, which goes to the property purchase cost, including: taxes, stamp duty, VAT, notary and lawyer.
Essential Rule 3
You can do your property investment via a foreign company, if you can prove that you own the majority of this company.
Essential Rule 4
It is not required for you to be a tax resident in Spain.
Essential Rule 5
Permanent residency & nationality can be granted after ten years for investors, or only after two year for former Spanish colonies, the Philippines included.
Essential Rule 6
Your property investment can be sold after five years when you have achieved permanent residency or when you become a Spanish Citizen.
Essential Rule 7
The Golden Visa allows access for unlimited travel throughout the Schengen visa countries.
Essential Rule 8
Property investments must be documented before applying for Golden Visa.
Essential Rule 9
You and your family must have no criminal records.
Golden Visa Requirements
To become a successful Golden Visa applicant and thereby be granted residency & nationality in Spain, you must fulfil the requirements set fourth by the Spanish government. There are five major requirements that must be met in order to obtain a successful Golden Visa.
Visa Requirement 1
You cannot have entered or resided illegally in any Spanish territory.
Visa Requirement 2
At any point, you must not have been refused entry in any of the Schengen countries.
Visa Requirement 3
It is mandatory to have public or private health insurance, which must be authorized to operate in Spain.
Visa Requirement 4
You must provide evidence of sufficient economic means for personal & family living expenses.
Visa Requirement 5
You must provide proof of the property investment, by providing the original deeds with the registry of property attesting ownership.
Golden Visa Documentation
There are five very important documents that you will need to provide, that need to be approved by the Spanish government, in order to successfully receive a Golden Visa residency.
Visa Document 1
A passport of yourself and each of your family members.
Visa Document 2
The title deeds of the purchased property/properties.
Visa Document 3
Public or private health insurance, from a legal insurance company operating in Spain.
Visa Document 4
Provide proof of no criminal record in your home country, for yourself and your family.
Visa Document 5
Provide proof of legitimate source of the funds for the property investment. These documents will be needed to open a bank account in Spain.