FREQUENTLY ASKED QUESTIONS
You can read some of the most common questions asked by our client investors.
Can I attain permanent residency or even Spanish citizenship through this law?
Absolutely. With the assistance of lawyers specialising in residency, a Golden Visa holder can obtain permanent residency after a period of 5 years. Other Citizens, especially for Latin America and the Philippines, need only two years of legal residency to be able to apply for Spanish Nationality.
I have already invested €500,000 in Spanish real estate. Do I qualify for a Golden Visa?
It depends when you have invested. All property investments made prior to 28th of September 2013 will not qualify for the purposes of Law. The law came into force on the following day of being published in Spain’s Official Law Gazette (B.O.E.).
Do holders of a Golden visa have unrestricted access to move within the European Union?
Yes. They can also enjoy free movement within the Schengen area.
Please be aware that not all countries within the European Union are party to the Schengen Agreement. The United Kingdom and the Republic of Ireland are not part of the Schengen Agreement.
Where do I apply for the Golden Visa?
One can apply for the visa through the Spanish Consulate in your home Country. Nevertheless, this is the only residency that one can apply for the residency card right here in Spain.
We only recommend PSI Consultants.
PSI Consultants is one of the most successful Legal & Fiscal representatives who has managed to process Golden Visas efficiently and in a timely manner. You can begin the process by writing to info@goldenvisasinspain.com for more information.
Who is included in the Golden Visa?
The Spanish law specifically requires each applicant to provide an investment. However, a spouse, partner and children under 18 years are to be considered included under the same application.
Can a mortgage be used on investing €500,000 in Spanish real estate?
You can obtain a mortgage, however only for the excess amount above €500,000. The first €500,000 must be free of mortgages. The Golden Visa law requires that the first €500,000 investment must not be impeded and hence the equity threshold must be free. Excess amounts may indeed be financed through a mortgage loan if required. The overseas investor must have the financial capabilities to provide the required funding unassisted by a lender, whether national or foreign.
Are taxes included in the investment threshold?
Unfortunately, no. If you purchase a property for €460,000 plus the 10% IVA (equals to a total of €506,000), the applicable VAT (€46,000) would not count towards being above the €500,000 threshold. Therefore the application would be dissolved on grounds of not meeting the €500,000 requirement.
In short, purchasing a property (properties) worth €500,000 or more, and reflected on the title deeds will guarantee you the chance to obtain a Golden Visa.
Is this the fastest way of attaining a Spanish residency?
Definitely. The Golden Visa was created by Spanish law to specifically target affluent non-EU investors.