The Golden Visa program in Spain offers a pathway for non-European Union citizens to obtain residency through investment. It has gained popularity among investors, entrepreneurs, retirees, and even digital nomads seeking to live, work, or invest in Spain. In this blog, we will delve into the requirements for the Golden Visa Spain program to help you determine if you are eligible to apply.
Investment Requirement:
The primary requirement for the Golden Visa Spain program is making a qualifying investment in Spain. The most common investment option is real estate, with a minimum investment threshold set by the government. As of the publication date, the minimum digital nomad visa Spain investment amount is €500,000. However, it’s essential to note that this threshold may vary depending on the region and specific investment criteria.
Clean Criminal Record:
Applicants for the Golden Visa Spain program must have a clean criminal record. This means no convictions for crimes against humanity, terrorism, drug trafficking, or any other serious offenses. The authorities will conduct background checks as part of the application process to ensure that applicants meet this requirement.
Health Insurance Coverage:
Another important requirement for the Golden Visa Spain program is having health insurance coverage. Applicants must provide evidence of comprehensive health insurance coverage for themselves and their family members, valid in Spain. This ensures that individuals have access to healthcare services during their stay in the country.
Proof of Funds:
Applicants must provide proof of sufficient funds to support themselves and their family members during their stay in Spain. This can include bank statements, investment portfolios, or other financial documentation that demonstrates the ability to cover living expenses and support the investment made for the Golden Visa program.
Application Process:
To apply for the Golden Visa Spain program, applicants must submit the necessary documentation to the Spanish authorities. This includes the application form, proof of investment, criminal record certificates, health insurance documents, proof of funds, and any additional supporting documentation required. It is advisable to work with an immigration lawyer or professional advisor who can guide you through the application process and ensure all requirements are met.
Residence Requirement:
While the Golden Visa Spain program grants residency, it is important to note that applicants are required to spend a minimum amount of time in Spain each year to maintain their residency status. The exact requirement may vary, but it typically involves spending a minimum of 183 days per year in Spain.
Family Members:
One of the significant advantages of the Golden Visa Spain program is the inclusion of family members. Spouses and dependent children can be included in the application, allowing the entire family to benefit from residency in Spain. Additional documentation, such as marriage certificates and birth certificates, will be required to prove the relationship.
Conclusion:
The Golden Visa Spain program provides an excellent opportunity for non-European Union citizens to obtain residency in Spain through investment. By meeting the investment requirement, demonstrating a clean criminal record, having health insurance coverage, providing proof of funds, and going through the application process, you can determine if you are eligible to apply for the Golden Visa Spain program. Remember to consult with an immigration lawyer or professional advisor for personalized guidance and ensure that all requirements are met to increase your chances of a successful application.