Spain golden visa / investment residence explained

What Is Spain's Golden Visa?

Spain's golden visa is a residence permit that allows non-EU citizens to live in Spain by making a significant financial investment. It's designed to attract wealthy individuals, entrepreneurs, and business owners who want to establish themselves in Spain without having to work for a Spanish employer. The program offers flexibility—you can work, start a business, or simply live in Spain while maintaining your original citizenship.

Main Investment Routes

Spain offers several pathways to obtain investment-based residence:

• Real estate investment — Purchase property above a certain value threshold
• Business investment — Start or invest in a Spanish company
• Significant capital investment — Transfer funds to a Spanish bank account
• Job creation — Create employment opportunities for Spanish citizens

Each route has different requirements, so you'll need to research which option matches your financial situation and goals.

Who Can Apply?

Most non-EU and non-EEA citizens are eligible. You'll typically need to show proof of:

• Sufficient financial resources for your investment
• A clean criminal record
• Health insurance coverage
• Proof of accommodation in Spain

Self-employed professionals and entrepreneurs often find the business investment route most appealing, while real estate investors prefer the property purchase option.

How Long Does It Take?

Processing times vary by region and application complexity. Some applications move quickly, while others take several months. You'll receive an initial residence card while your application is being reviewed, allowing you to enter and stay in Spain during the process.

Renewal and Family Members

Your golden visa typically lasts for one or two years initially, then can be renewed for longer periods if you maintain your investment. Family members—spouses and dependent children—can usually be included on your application, giving them residence rights as well.

Key Benefits

• Live and work anywhere in Spain
• Travel freely within the Schengen Area
• Access to Spanish healthcare and education systems
• Path to permanent residency and citizenship after several years
• No requirement to be physically present in Spain for most of the year

What to Do Next

Contact the Spanish immigration authorities or a qualified immigration lawyer in your country to understand current requirements and fees specific to your situation. Each autonomous region in Spain may have slightly different procedures, so verify details with the official government immigration website before investing.

This is general self-help information, not legal advice. Always verify current rules on the official government website.