In 2013, Spain launched its golden visa programme
With an investment of €500,000 in a Spanish property, a family can be granted residency.
The Spanish Golden Visa (or “Property Visa“) grants automatic residency in Spain when you purchase property for 500,000€ or more. and as opposed to the wealth visa, the “golden visa” does not require you to be in Spain 183 days of the year.
How to start the process of getting a golden visa:
- You come to Spain with your travel visa and look for a property.
- Once the pre-agreement (contrato de arras) is signed and corresponding funds are deposited, you can apply for the golden visa. If needed, the authorities can grant you a permit for six months so you can complete the process of buying your property.
- If your golden visa application is accepted, you will receive a visa for one year. As opposed to other visas, the golden visa application can be presented while you are in Spain.
- After receiving your golden visa, you can keep renewing the visa, as long as you do not sell your property.