What are the requirements to obtain the Golden Visa in Spain?

To obtain the Golden Visa in Spain, applicants must meet specific requirements. These include:

1. Minimum investment of €500,000: This amount must be invested in real estate (free of any liens or mortgages). The investment must be made directly, not through funds or shares.
2. Health insurance: Applicants must have private health insurance that covers them and their family members during their stay in Spain. This is required to ensure they have access to healthcare while residing in the country.
3. Proof of funds: Applicants must prove that the funds used for the investment are legitimate and come from verifiable sources. This typically requires presenting bank documents or financial statements.
4. Clean criminal record: Applicants and their family members must provide a criminal background check from their country of origin, demonstrating that they do not have any criminal charges against them.
5. Minimum stay: While there is no requirement for continuous residence in Spain, applicants must stay in the country for at least 7 days in the first year and 14 days in subsequent years to renew the visa.

This process is relatively quick, and the visa can be obtained in a few months if all the documents are in order. It’s advisable to work with an immigration lawyer to ensure all the requirements are met and to expedite the process.

Frigiliana Properties