Schengen Investment Visa Option through Spain Golden Visa
Spain Investment Visa –The Golden Visa for Spain is a residence visa issued to a non-EU national who intends to make a significant investment in the Spanish economy. The visa offers the holder and their family members residency in Spain and visa-free access to the Schengen Zone.
In most cases, Spain’s Golden Visas are issued to someone who purchases real estate. However, they are also available to businessmen who invest in a Spanish company, which is why they are referred to as Spain Investor Visas as well.
Requirements –
To be eligible for a Spanish Golden Visa, you must make one of the following investments:
Purchase real estate in Spain worth at least €500,000. The real estate can be one single unit or several, with an overall worth of no less than €500,000.
Make an investment in the Spanish public debt of at least €2,000,000.
Buy shares in a company or make a deposit in a Spanish bank of at least €1,000,000.
Invest in a new business that will offer employment opportunities, contribute to scientific and/or technological innovation and have a relevant socio-economic impact in the area where the business will be undertaken.
In addition to the investment, you must also fulfil the following requirements:
You must be of legal age (+18 years old).
You must have no history of criminal records.
You must not have been refused a Schengen Visa in the past.
You must have health insurance in Spain.
Dependents –
The family members you can include on the Spain Golden Visa are:
Your spouse
Children under the age of 18. If you have any children who are not minors but are nonetheless dependent due to any health or mental conditions, they also classify for the visa.
Dependent elderly parents.
Your family members will also receive residence permits and be allowed freedom of movement in the Schengen Zone.
Stay validity –
The Golden Visa that you receive at the Embassy will be valid for one year. During this year, you have to enter Spain and exchange your visa for a Spain residence permit, which will be valid for two years.
The residence permit can then be renewed indefinitely, without any stay requirements, as long as you maintain your investment. You have to travel to Spain each time you need to renew your residence permit.
If you intend to actually live in Spain, then you can apply for permanent residence after five years of continuous residency (at least six months out of the year).
Benefits –
You do not have to live in Spain to renew the residence permit – but you can if you want to.
You can work and live in Spain legally.
You can bring your family members with you (spouse, children, and dependent parents)
You and your family members will have access to public services such as state health care and schooling.