Qualification for the Golden Visa
You need to meet either of the following criteria to qualify for a Spain Golden Visa:
1. Invest in securities and shares
This route will require a minimum initial investment of 2 million euros in Spanish public debt instruments. These are securities backed by the government, so it is generally regarded as a relatively safe investment for the Golden Visa retiree. You must be the one making this investment and you must be able to provide proof of this.
However, Spain provides a cheaper alternative for people who want their securities in non-government hands. Instead of using the method above, you can invest 1 million euros in stocks or shares in investment/venture capital funds registered in Spain, in Spanish companies undertaking actual business activities, or in bank deposits in Spanish financial institutions.
For the option of investing in a Spanish company, you need to ensure that the business is viable and lucrative – you must be able to demonstrate this with evidence.
2. Create a ground-breaking business
Here, you will have to establish a business in Spain but you need to make sure your company fulfils three important requirements.
- It must create employment
- It must have a significant socio-economic impact on the country, and
- Contribute to scientific and technological innovations.
The visa may be secured by the applicant’s representative or project manager in this situation.
3. Invest in real estate
Another way to qualify for the Golden Visa is through real estate purchases. You can buy a residential or commercial property, as far as it is not already owned by someone else. This method requires a minimum investment of 500,000 euros.
Unfortunately, you cannot apply for a Golden Visa with funds acquired through a loan. The Visa forbids this, as it negates your claim of self-sufficiency. The original investment must be made entirely with your own money, and you must be the only owner of the investment.
However, if the cost of the property you’ve invested in exceeds €500,000, you will be allowed to use loans to cover the difference.
IAS offers advisory services to help you choose the Golden Visa investment method that works for you, and how to commence the process.
