Spain Golden Visa Program Requirements & Cost

Secure Spain’s Golden Visa with a €500,000 real estate investment; includes EU travel benefits. Total cost is approx. €550K+ with taxes and fees.

Key Benefits

• Residency Rights: Live, work, or study in Spain without additional permits.
• Schengen Travel: Move freely across 27 Schengen countries for up to 90 days every 6 months.
• Family Inclusion: Spouse, dependent children (of any age), and dependent parents can join under one investment.
• No Stay Requirement: Visit Spain at least once per year—no continuous residency needed to maintain the visa.
• Long-Term Path: Potential to secure permanent residency after 5 years of actual residence and apply for citizenship after 10 years.

Eligible Countries

Any nationality outside the EU, EEA, or Switzerland may apply, including British nationals post-Brexit. Russian and Belarusian citizens face temporary bans due to sanctions.

Who is Eligible?

• Adults 18+ with a clean criminal record.
• Legally Admissible to Spain/Schengen (no past visa bans).
• Financially Stable: Show income/savings of at least 400% IPREM for main applicant, plus 100% IPREM per dependent.
• Health Insurance: Authorized Spanish coverage for the entire family.

Requirements

Investment Options (any one of the following):

1. Real Estate: Minimum €500,000 in Spanish property, excluding mortgage.
2. Capital: €1 million in Spanish company shares, bank deposits, or investment funds; or €2 million in government bonds.
3. Business Project: A government-approved venture that creates jobs or fosters innovation.

Documentation:

• Valid passport & photos.
• Police clearance (last 5 years).
• Proof of funds & health insurance.
• Apostilled and translated certificates.

Cost & Fees

• Investment: €500k for property (actual ~€550k–€580k with taxes), or €1–2 million in financial options.
• Government Fees: ~€80–€90 per applicant for the visa, plus ~€15–€20 for the residence card.
• Lawyer/Notary (optional): €2,000 to €5,000+ in professional fees.
• Ongoing Taxes: Property tax (0.4%–1.3%), non-resident income tax (24% on rental income), plus capital gains tax if selling.

Success Rate

Approval rates are high—near 90–100% for correctly prepared applications. Rejections typically occur due to incomplete investments or serious background issues.

How to Apply (Full Process)

1. Prepare Investment: Pick a route (property or capital), obtain a Spanish NIE, and finalize the transaction.
2. Gather Documents: Passport, insurance, criminal records, proof of investment. All must be legalized and translated.
3. Submit Application: Apply at the Spanish Consulate for a 1-year investor visa or directly in Spain (UGE) for a 2–3-year permit.
4. Receive Approval: Usually processed within 10–20 business days.
5. Enter Spain & Get TIE Card: Complete biometric appointment for the residency card.
6. Maintain & Renew: Keep your investment, renew every 2–5 years, and retain health insurance.
7. Permanent Residency/Citizenship: After 5 years of residence, apply for permanent residency. After 10 years, consider citizenship.

Important Deadline

All new Golden Visa applications must be submitted before April 3, 2025. After that date, no new submissions are accepted, though current holders can renew.