Looking for a way to live in sunny Spain without having to worry about a time limit on your stay? If you're thinking of relocating to Spain but can't stay for more than three months due to visa limitations, then the Golden Visa program might be worth considering.
In this article, we'll dive into the requirements for the Spain Golden Visa program, the perks of obtaining one, and some enticing reasons to consider Spain as your next home.
Let’s begin by covering the basics first.
What is Spain's Golden Visa?
The Spanish Golden Visa program is a residency-by-investment scheme that was introduced in 2013 to attract foreign investments and promote economic growth in the country. In exchange for investing a minimum of €500,000 in Spanish real estate or buying up to €2,000,000 in Spanish Treasury bonds (other options are available), applicants receive a residency permit that allows them to live in Spain for an initial period of two years, which can be extended for up to five years.
Spain, a country with a rich history and diverse culture, has always been a popular destination for tourists and expats alike. The Golden Visa program has made it even more attractive for foreigners to invest in the country and enjoy its many benefits.
Investing in real estate in Spain can be a smart financial decision, as property values have been steadily increasing in recent years. The country's real estate market has recovered from the 2008 financial crisis and is now booming again. This means that investing in Spanish real estate can be a profitable long-term investment, as well as a way to obtain residency through the Golden Visa program. And, after holding residency for ten years, you may become eligible to apply for Spanish citizenship.
Spanish Golden Visa Requirements
Spain is a country that is known for its rich culture, beautiful beaches, and delicious cuisine. It's no wonder that many people want to obtain a Spanish Golden Visa, which allows them to live and work in Spain. However, to obtain this visa, you must meet a few criteria, including:
- Be 18 or older: The Spanish Golden Visa is only available to adults, so you must be at least 18 years old to apply.
- Not having a criminal record: To be eligible for the Spanish Golden Visa, you must not have a criminal record in your home country or any other country where you have lived.
- Provide proof of health insurance: You must provide proof that you have health insurance that covers you in Spain.
- Show proof of investment of at least €500,000 in Spanish real estate: To be eligible for the Spanish Golden Visa, you must invest at least €500,000 in Spanish real estate. This investment can be made in one or more properties.
- Provide proof of income (to cover living expenses): You must provide proof that you have a steady income that will cover your living expenses in Spain.
So, what are the perks of living in Spain through its Golden Visa program? There are many indeed!
Benefits of Spain’s Golden Visa
1. Travel within the Schengen Area
With a Spanish Golden Visa, you can travel freely within the Schengen Area, which includes 26 European countries. This means that you can explore other parts of Europe without worrying about obtaining a separate visa for each country.
Related Read: Difference between the EU and the Schengen Area
2. Access to Excellent Healthcare and Education Systems
Spain has a world-class healthcare system that is accessible to all residents, including those with a Golden Visa. Additionally, Spain has a comprehensive education system that provides high-quality education to students of all ages. If you have children, they can benefit from attending Spanish schools and universities.
3. The Ability to Obtain Spanish Citizenship
After ten years of residency in Spain, you can apply for Spanish citizenship. This means that you can become a full-fledged member of the Spanish community, with all the rights and privileges that come with it.
4. Real Estate in Spain to Suit Every Taste
Spain has long been a popular destination for real estate investment, and for a good reason. With a warm climate, stunning beaches, and a rich cultural heritage, it's no surprise that so many people are drawn to this beautiful country.
When it comes to choosing a property in Spain, the options are truly endless. From beachfront apartments to charming countryside villas, there is something to suit every taste and budget. Many people are drawn to the south of Spain, particularly the Costa del Sol, which is known for its sunny weather, beautiful beaches, and large expat community.
But if you prefer a more cosmopolitan lifestyle, big cities like Madrid and Barcelona offer plenty of opportunities as well. In Madrid, you'll find a bustling metropolis filled with art, culture, and history. Barcelona, on the other hand, is known for its stunning architecture, vibrant nightlife, and world-class cuisine.
Of course, no matter where you choose to invest in real estate in Spain, you'll be able to enjoy all that this amazing country has to offer. Whether you're soaking up the sun on the beach, exploring historic landmarks, or savoring delicious local cuisine, Spain is a place that truly has it all.
5. Festivals in Spain for Cultural Enrichment
The Spanish are known for their love of festivals, and there's no shortage of them throughout the year. From the world-famous Running of the Bulls in Pamplona to the lively Feria de Abril in Seville and La Tomatina in Bunol, these festivals offer a chance to experience Spain's rich cultural heritage. With a Golden Visa, you can fully immerse yourself in the festivities and enjoy Spanish life to the fullest.
6. Diverse Spanish Food
The gastronomy of Spain is rich, diverse, and world-renowned. From the seafood paellas in Valencia to the tapas bars in Granada and the Michelin-starred restaurants in Barcelona, there's something to suit every palate. A Golden Visa gives you the chance to indulge in all the delicious food and wine that Spain has to offer and become part of its culinary culture.
7. Relaxed Spanish Lifestyle
Spain has always been synonymous with a relaxed pace of life, and obtaining a Golden Visa allows you to embrace the Spanish way of life fully. Enjoy long walks along the beach, coffee breaks with friends in quaint cafes, and siestas in the afternoon. Living in Spain means slowing down and enjoying life without constant stress and pressure.
8. Spain's Famous Resorts
Spain is a popular holiday destination for people worldwide, and with good reason. Known for its fantastic weather, sandy beaches, and world-class resorts, Spain attracts visitors all year round. A Golden Visa allows you to enjoy these luxurious resorts such as Marbella, La Moraleja, La Zagaleta, and Sotogrande and escape the harsh winters in other countries, making Spain the perfect place for both short and long-stay vacations.
Conclusion
Spain offers fantastic opportunities for anyone looking to relocate to Europe, and the Golden Visa program makes it accessible and convenient. Whether you're looking for a peaceful retreat or a bustling city break, Spain has something to offer. From the beautiful landscapes to the delicious food and festivals, there's no doubt that life in Spain is full of perks. So why not take the plunge and apply for a Golden Visa today?
At High Net Worth Immigration, we can help you with the entire process, providing you guidance and assistance when securing Spain’s Golden Visa.
