Spain launched its own “Golden Visa”, the Visado de Residencia Por Adquisición de Bienes Inmuebles in September 2013. To be eligible for a Spanish Golden Visa, the applicant must invest a minimum of €500,000 in real estate in Spanish territory. The visa grants its holders the right to live, work and study in Spain. The visa holders retain these rights as long as they visit the country at least once a year (there is no obligation to reside permanently in Spain), maintain their investment and comply with administrative requirements such as renewing their visa. These rights can be extended to the applicant’s family members.
Spanish territory includes the islands of Ibiza and Mallorca in the Mediterranean Sea and the Canary Islands off the coast of Morocco. Anyone who invests at least €500,000 in property, such as a holiday home, a second property or across multiple properties in Spain can apply for a Spanish Real Estate Golden Visa.
The criteria for granting Spanish Real Estate Golden Visas are objective. However, it is paramount to prepare and gather the documentation supporting any application properly for it to succeed. Such documentation can vary depending on the Spanish Consulate you depend on. Furthermore, the criteria vary depending on the type of application you make, i.e. whether you apply for a residency visa or a residency permit.
Our lawyers are here to prepare for all the formalities behind the requirements of your application and advise on how long it takes for them to be processed (such as, for example, obtaining a foreigner identity number). Our team will not only assist you in making a successful application and dealing with the complex administrative procedures it can imply, but will also help you find the right property in Spain and guide you once you have obtained your visa to ensure it remains valid and is renewed when necessary.
Kings Cross Barristers will give you peace of mind, knowing that your application is being dealt with by an experienced legal team who know the law and keep up to date with all legal developments.