To obtain a Golden Visa, you must abide by essential rules. Otherwise, you may be not be entitled to obtain or be revoked the Spanish residency and nationality. These include:

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.

It is not required for you to be a tax resident in Spain.

Permanent residency & nationality can be granted after ten years for investors, or only after two year for former Spanish colonies, the Philippines included.

Your property investment can be sold after five years when you have achieved permanent residency or when you become a Spanish Citizen.

The Golden Visa allows access for unlimited travel throughout the Schengen visa countries.