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Golden visa Spain

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armin1998

Hey everyone,

I want to apply for a Golden Visa in Spain. Has anyone here gone through this process? I'm curious about the different investment options, the application process, and what kind of benefits it offers. Any insights or personal experiences would be really helpful.

Thanks!

saraa1997

hello dear friend

I am also looking for information and personal experiences about the Spanish golden visa. I would be happy to share if you get any information in this field : )

armin1998

@saraa1997 From my searches, I found out that the Golden Visa is a residence permit granted to non-EU citizens who make significant investments in Spain. To get it, you can choose from several options, including buying property, investing in a business, or creating a job.

Check out this article for a detailed explanation and guide

***I hope I could help you smile.png)

Kristina Reka

@armin1998 Hello, I am a lawyer in Spain. It is true that you have several options to apply for a golden visa, but the one recommended is to invest 500.000€ or more in a property in Spain. The current government is planning to delete this kind of visas, but for now there is still time to apply. Please, feel free to contact me if you need more detailed information ***, my email is: ****

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Tashtash

I’ve been following this thread as this is an avenue we are looking at in order to secure a visa for my partner who holds a British passport.


I’m aware the government passed an agreement to end this golden visa route in April but I’m unable to find any timeline on when this will actually be end- if anyone has any detail on this it would be greatly appreciated?

Thankyou

Allan612

Hi


My wife and I have just recently gone through the process and have now had our visas approved.


As we are looking to retire here we went down the Property purchase route (minimum  investment of €500k). We had our lawyer do the application for us and once submitted you should get an answer within 20 working days. Your application will also need to include non-criminal record checks from your current country of citizenship. If married, these are required for both of you, plus a fresh marriage certificate (to prove that you are still married!🤷🏻‍♂️). All of these documents have to be apostilled either in the country of origin, or at the Spanish Embassy in Madrid.

You will also need the following:

  1. Bank confirmation that you have at least €20,000 in your account (plus an additional €10,000 for spouse).
  2. Private Health Insurance policy issued in Spain.
  3. NIE’s (Identification Number for Foreigners)

I would get all of this done asap as the word here is that the Government will close this route at the end of the year.

ericandjonathan

For Americans looking to move abroad I will share what I just posted to another person seeking advice on this forum. ......"As an American who moved from US to Mexico in 2016, then from Mexico to Spain in 2023/2024, I have to be honest.  What you are describing to me sounds extremely difficult and not well thought out.  We had difficulty and unbelievable stress and we are very comfortable financially, we both speak Spanish AND were able to hire consultants every step of the way to go through the Golden Visa process.  I don't want to de-rail your dreams but have you thought about a move to Costa Rica?  It is closer to the US, there are huge American expat communities, it's cheaper and I am sure the Visa process is easier.  If not Costa Rica, Panama? Even Mexico like San Miguel de Allende.

My partner and I in the last year were stunned (still are) at how complicated our move has been despite us having decades of world travel experience, medical, healthcare, financial, corporate AND small business expertise, are trilingual, in great health and financial security.  A move abroad is NOT something to take lightly and is not as easy as what social media portrays as just a "fun adventure" for nomadic types or even just people wanting an exciting new chapter or "fresh start"."

gwynj

@Tashtash

Golden Visa is very expensive. If you're wealthy, no problem. But many folks find the NLV (No Lucrativa Visa) a cheaper and easier alternative. This needs only 2,500 euros in passive income (pension, dividends, rent, etc.) OR 30k euros in savings/investments.

West98

HI, I just got my golden visa in Spain and the process was easier as thought. You can text me directly to share my experience and contacts.

Tashtash

Thankyou for your really helpful responses.

It’s re-assuring we have the possibility of both passive income visa and golden visa options.

I just have 2 questions for each option which I’ll respond to individually.

thanks again

natasha

Tashtash

@gwynj

Thankyou, really helpful to know. Could I check if this is gross or net and on what form would we need to provide evidence, would it be in the form of tax returns? And for the savings just a savings account statement?

From my research, the full application takes approx 3 months?

Mbershod

@ericandjonathan

Agree with you that you need to be leery about what you read online. The entire process is a bit scary and I always keep this in the back of my

mind- don’t make a decision on where to move to when you’re on vacation.  We have visited Spain twice in the last year, first trip was awesome as it was all new and exciting. We actually looked at properties west of Malaga but we were not in the position to be able to buy something as we need to sell our home here in the States. Second trip was this past June and it was HOT, and we live in S. Florida. We would move on the NLV but the timing has to be just right so that we don’t get taxed by Spain on capital gains.  One concern is that the NLV is only for 1 yr and then has to be renewed. What if you get denied for whatever reason or just like the Golden Visa the government decides to make changes to the program? Needless to say there is a lot to take into consideration

gwynj

@Tashtash


The NLV requires approximately 30k euros in savings for first applicant, then a bit extra per family member (partner, children). The amount is variable, as it's based on the current IPREM. This is equivalent to 12 months at 2.5k euros per month, so you can either show lump sum savings or appropriate (passive) income.


Most passive income folks are pensioners, so they provide a pension confirmation letter or similar from the provider. Other forms of passive income are harder to prove. I'd imagine rental income could be proved with a rental contract (with your tenant) and bank statements for x months showing the rent coming in. Savings is easy, as you just provide a savings/brokerage account statement. Not sure if they'll accept one you printed from your online banking, the ideal is a proper bank issued one (stamped by your branch in some countries).


You also need private health insurance (no copay), and it's usually best to get it in/from Spain (ASISA, DKV, etc.). Some places insist that you have proof of address in Spain for the NLV, so check the requirements carefully. It's easier if they don't need this for the visa, but you'll definitely need it as soon as you get to Spain in order to get your TIE. Typically, this is your Nota Simple (if you buy a property) or your long-term rental contract, and your Padron certificate from your local town hall.


You get your NLV at the Spanish embassy in London (it might now be outsourced to BLS), and then you go to Spain and you apply for your TIE.


Here's the checklist for NLV


There's usually a bit of faffing around to address all the requirements, might take you a month or so to do that. Especially as you might need official documents (criminal record check, marriage/birth certificate, etc.) and/or documents that must be legalized and/or officially translated. Then a couple of months for the NLV application/processing. Then you have to apply for your TIE which might take a couple of weeks (and longer if you don't have your proof of address and need to go find a place to live). It's not difficult... it's just the usual immigration bureaucracy where you have to pay close attention to the details of the application process so you give them EXACTLY what they ask for. An immigration attorney can help you get it right, but I'd guess most folks do it on their own.

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