What is the 14/2013 law?
The 14/2013 law, known as the
Spanish Golden Visa, came into force on 27 September 2013. It enables non-EU
nationals who invest 500,000 euros or more in property in Spain to receive a
Spanish residence permit. So far it has proven most popular with Russian,
Chinese investors, Egypt, Qatar, Iran and Lebanon.
What types of residence
permits are granted under Spain’s Golden Visa law?
One-year residence visa for
investors (year 1)
Two-year residence visa for
investors (years 2 to 5+)
Long-term residence and Spanish
nationality (year 5 on wards)
Am I eligible for a
Spanish residency permit under Spain’s Golden Visa law?
If your answer to these questions is
yes:
Are you 18 years old or older?
Do you possess public or private health insurance valid in Spain?
Can you demonstrate you have economic resources to support yourself, the
applicant, as well as any dependents?
Can you prove you are able to pay the visa processing fee and applicable taxes?
And your answer to these is no:
Have you ever entered or stayed
illegally in Spain, or been refused entry into any Schengen countries?
Do you have a criminal record?
Are you listed as undesirable in Spain?
Then you are eligible! Read on to
find out more.
Is my family included in
the Spanish investor visa?
Yes, your spouse and any children
under 18.
What is the investment
threshold for the Spanish Golden Visa?
The property investment threshold is
500,000 euros or more per investor.
What are the investment
criteria for the Spanish Golden Visa?
The investment can be comprised of
one or more properties, which may be of a residential, touristic, rural,
commercial or industrial nature; rural land, developed land, buildings under
construction or decrepit buildings.
Are there any restrictions
on property use?
There are no restrictions on
property use; investors can use the property in any way that is legal.
What are the financing
criteria for Spanish Golden Visa?
Investors must use at least 500,000
euros of their own funds, which must come from transparent sources that comply
with existing legislation. Above that threshold there is no limit to debt
financing, for instance with a mortgage in Spain.
Can I make the investment
through a company?
Yes, you may make the investment
through a company so long as you have control of it and it is not based in a
tax haven.
As a foreign investor, how
do I begin the process of buying property in Spain?
Once you have found a suitable
investment, you sign a power of attorney granting our Lawyer the right to
act on your behalf in the property conveyancing and residency processes.
Is it necessary for me to
visit Spain personally to find a property?
No, if you find a property you are
prepared to buy without having seen it yourself, you can authorize our Lawyer
to purchase the investment on your behalf with a power of attorney.
How do I apply for the
Spanish Golden Visa?
Once you have bought a property that
meets the investment criteria, you apply for your one-year Spanish golden visa
which can be issued for one, two or multiple entries into Spain; our
conveyancing solicitors can do this for you. In the vast majority of cases, the
visa application is processed and notification sent within 30 working days.
What rights does the
one-year Spanish golden visa grant me?
The one-year investor visa allows
you to spend one year in Spain, and travel freely in the Schengen area for 90
out of every 180 days.
Am I obliged to stay in
Spain with the one-year golden residence visa?
You are not obliged to spend a
minimum amount of time in Spain. However, to get a residency permit at the end
of the first year, you must have visited Spain at least once during that year.
What happens after the
first year?
You can apply for authorization to
live in Spain for two more years, renewable for another two years after that,
indefinitely.
How do I apply for the
Spanish Golden Visa?
Our Lawyer can do this for you
through a power of attorney. Processing and granting the residency will be
done by the Spanish Ministry of Foreign Affairs. Applications will be responded
to within 30 working days from the submission of the application.
What are the conditions
for receiving the two-year Golden Visa in Spain?
You must be able to show that you
have traveled to Spain at least once in the previous twelve months, while in
possession of the one-year investor visa.
The investment threshold of 500,000 euros must be maintained. Properties can
be bought and sold during this period, so long as the investment threshold is
maintained.
As an investor, can I be
granted permanent residency in Spain or Spanish nationality?
After five years of continuous
residence, Golden Visa investors can apply for permanent residence in Spain.
Likewise, after ten years of residence, Spanish nationality can be requested.
In such cases, an effective justification of at least six months of residence
must be provided in the majority of cases.
Are there any other investments
that qualify me for a Spanish Golden Visa?
Investing two million euros in
Spanish treasury bonds.
Investing one million euros in
shares of Spanish companies or bank deposits in Spanish banks.
Developing a business project in
Spain that accomplishes one or more of the following:
Meaningful job creation
Socioeconomic impact
Relevant contribution to scientific
and/or technological innovation.
Dear Investors:
Please do not hesitate to contact me. If you require any further information, feel free to contact me via:
E-mail: ali_ariana60@yahoo.com
Telegram: +989193411596
Warmest regards
Ali Asgari
