Spain Golden Visa

The Spain Golden visa programme came into existence on 27 Sep 2013, under the Law 14/2013 (Ley 14/2013), granting residence permits to migrant investors who make a significant investment in Spain. The Law 14/2013, has been modified by Law 25/2015 to support entrepreneurs and their internationalization.

NOTE: Spain ended its golden visa programme for all investment routes on 3 April 2025. Existing permits remain valid.

As of 2022, over 5000 foreign investors have invested in golden visa scheme has brought over 3 billion euros to Spain (2 billion through property investment).

Benefits

• Travel freely in Schengen area
• High demand profitable real estate investment
• Family and children receive residence permits
• Family and children included in one application
• No minimum stay requirements
• Attractive rental returns from properties.

The Golden visa scheme attracts mainly large number of Americans and British (brexit). The most popular locations of foreigners buying a property are Barcelona, Madrid, Valencia and Costa del Sol.

Golden Visa Investments

Foreign investors must meet the following investment requirements

• Public debt (€2 million)
• Shares (€ 1 million)
• Investment funds or venture capital funds set up in Spain (€1 million)
• Bank deposits (€1m)
• Real estate (€500,000 – all routes closed on 3 April 2025)

Investors qualify for visa (1 year) when applying outside Spain (Spanish embassy) or will be issued residence permit for 2 years when applying in Spain.  Residence permits can be extended for another 2 years. Investors can live and work anywhere in Spain and have freedom to move around in Schengen area for 3 months in 6 month period.

Family members who accompany or join the investor may apply jointly and simultaneously or successively for their residence permit.

The processing time is very fast 10 days for visas and 20 days for residence permit decisions based on investment activity.

Additional Costs

• Property Transfer Tax:  4-11% (resale properties)
• Notary fees: 500 EUR
• Property registry costs: 400-650 EUR
• Buyer (Gestoría) costs: less than 500 EUR
• Property valuation costs: 900 EUR (bank mortgage only)
• Notary fee: 0.1% (above 400K Euro)
• VAT: 10% (new properties)
• Agent fee: 3-4%
• Law firm costs:  Additional

Download

Spain Golden Visa Brochure – Download pdf

Application Forms

Download visa application – Download pdf
Residence application – Download pdf

If you apply from outside Spain/Schengen territory, you must chose the visa route and apply at Embassy of Spain (Consulate). If you are in Spain, to submit your application you have to visit the General directorate of Trade and investment.

Permanent residence

Permanent residence card issued after five years of legally living in Spain

Spanish Citizenship

After 10 years of living in Spain, reduced to two years for nationals of Ibero-American countries, Andorra, the Philippines, Equatorial Guinea and Portugal. It is important to note that Spain allows dual nationality only with treaty partners (Ibero-American countries, Andorra, the Philippines, Equatorial Guinea, Portugal and France); other applicants must renounce their previous nationality.

Spain Passport

Spanish passport is the one of the best travel documents, ranks 4th powerful in the world with visa free access to 187 countries in 2018.

FAQs

Refer to this Spain Property FAQs