In 2013, Law 14\/2013, of September 27, was drafted to support entrepreneurs and their internationalisation, which regulates the so-called Golden visa<\/strong> or residence visa<\/strong> for the acquisition of real estate or who seek to promote or build their own home, in Spain. In other words, it is about promoting real estate investments<\/strong> in our country by facilitating residency for investors.<\/p>\n<\/div><\/div><\/div><\/div><\/div>Based on the law, foreigners who want to enter or reside, or already reside in Spain, will be facilitated entry and stay in Spain for economical interest<\/strong>. For this, they must prove that they are:<\/p>\n\n- Investors<\/strong>. In this case, the stay or residence visa will last for one year. The investment to be made must be:\n
\n- Two million euros in Spanish public debt securities or one million euros in shares or participations in Spanish companies, or one million euros in investment funds.<\/li>\n
- 500,000 euros or more in real estate in Spain. That is, make real estate investments equal to or greater than half a million euros.<\/li>\n
- Purchase of land for an amount less than 500,000 euros, if the construction of a house is promoted that, in total, adds more than that amount. Two records are considered: the sale of the land and the house. It is not accepted to buy a house less than \u20ac 500,000 and reform it.<\/li>\n
- A business project of general interest for which jobs are created, an investment with socio-economic impact is made, or scientific or technological innovation is provided.<\/li>\n<\/ul>\n<\/li>\n
- Entrepreneurs<\/strong>. They may request a visa to enter and stay in Spain for a year to carry out the previous procedures for entrepreneurial activity.<\/li>\n
- Highly qualified professionals<\/strong>. Companies that need the incorporation of foreign professionals for work or professional relationship can request a residence permit that will be valid throughout the national territory.<\/li>\n
- Researchers<\/strong>. They may request a visa or residence authorization for training and research valid throughout the national territory.<\/li>\n
- Workers who carry out intra-company movements within the same company or group of companies<\/strong>. This is the case of foreigners who travel to Spain for a work, professional or training relationship. The visa will be valid throughout the national territory.<\/li>\n<\/ul>\n
This regulation does not apply to citizens of the European Union who benefit from free movement and residence rights.<\/p>\n
Golden visa: requirements<\/h2>\n
There are specific requirements for each case, but, in article 62 of the Entrepreneurship Support Law, the general requirements to obtain the Golden Visa<\/strong> are established, which are the following:<\/p>\n\n- Not being found irregularly in Spain.<\/li>\n
- Be of legal age (18 years).<\/li>\n
- Not having a criminal record in Spain and in the countries you have previously resided in during the last 5 years, for crimes regulated by Spanish regulations.<\/li>\n
- Not having been rejected in the territorial space of the countries with which Spain has an agreement.<\/li>\n
- Have public or private health insurance with an authorized entity in Spain.<\/li>\n
- Have sufficient financial resources for themselves and their family members during their residence in Spain.<\/li>\n
- Pay the visa processing fee.<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div><\/div>