Europe is a captivating destination brimming with compelling incentives for individuals considering relocation to one of its diverse countries. This is why a significant 80% of affluent foreign investors opt to establish themselves on this continent. For those seeking legal mobility across the European Union, the Golden Visa program provides a unique avenue, accessible by acquiring a luxury property in Barcelona.
How long does the Golden Visa Spain last?
This visa allows residence in Spain for at least one year. After this time, it is possible to apply for a Residence Authorization with an initial stay of 2 years. If the investment and other requirements are maintained, it can be extended.
What are the most important requirements for obtaining a Golden Visa?
The most important is the acquisition of real estate in Spain with an investment value equal to or exceeding 500,000 euros. In addition, beyond the exceptional requirements of the real estate operation, it is necessary to present:
- a certificate of criminal record or good conduct.
- health insurance covering the stay in the country.
- a medical certificate attesting that you are in good health.
- bank information that justifies having enough resources to establish in the country.
Once all the documents have been submitted, and if they are correct, the Government will grant the visa for a valid initial period of two years. If the investment were maintained, it could be renewed for five more periods.
Benefits of the Golden Visa
Obtaining a Golden Visa in Spain comes with several benefits:
- Residence in Spain: Holders of a Golden Visa and their families can legally live in Spain.
- Free Movement in the Schengen Area: Golden Visa holders can freely travel to Schengen Area countries, including most of the European Union.
- Access to Public Services: Golden Visa holders have access to public services in Spain, such as education and healthcare.
- Possibility to Apply for Permanent Residence or Citizenship: After a certain period of time, Golden Visa holders can apply for permanent residence or even Spanish citizenship.
The Golden Visa in Spain is an exceptional opportunity for foreign investors looking to establish themselves in Europe through a significant investment, allowing them to obtain legal residence and access to opportunities in Spain and the entire European Union. If you are considering investing in Spain and obtaining residence, the Golden Visa is the ideal option.
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