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Golden Visa Spain: Complete Guide 2024

9 de April, 2024

Golden Visa Spain: Complete Guide 2024

The Spanish Golden Visa was one of the most successful in the world, both for practicality and efficiency. Learn about the latest updates and implications.
Reading: 7 min

Spain is one of the most sought after places for those looking to invest in a promising future. The Spanish Golden Visa program is one of the most successful in the world one of the most successful in the world, both for its practicality and efficiency, since it makes it possible to obtain a residence visa in just a few weeks.

Another reason for its popularity, is that you can have the Spanish Golden Visa and enjoy its advantages, without the requirement of residing in Spain . In addition, this visa can represent a pathway to obtain Spanish citizenship, which offers even more significant benefits.

Investing in Spain is a unique opportunity for those who wish to become global citizens and move freely through the countries that make up the Schengen Zone. With a real estate market in constant growth many are the investment options, which can be well directed to reap long-term rewards. Not to mention that the

Spain Residency Program by Investment is ranked 7th out of 26 programs in the 2023 Global Residency Programs Index.

Find out here everything you need to know about the Golden Visa Spain.

Do you want to live in Europe?

Realizing your goal of living in Europe or obtaining European citizenship can be simpler than you think. We offer personalized support to make the immigration process more accessible and uncomplicated.

Has the Golden Visa Spain Ended?

The Spanish government, led by Pedro Sánchez, announced on April 9th that the Golden Visa Spain program will come to an end in the country. However, details regarding the implementation of this measure or whether ongoing processes will be concluded have not yet been disclosed. The Council of Ministers is studying the amendment report for this program. There is still a possibility that only the golden visa for property purchase will be eliminated, while the remaining investment options will be maintained. This was the case with Golden Visa Portugal in October 2023.

The residency authorization program for non-EU foreigners has been in effect in Spain since 2013. In 2023, it attracted approximately €580 million in foreign investment, mainly through property purchases. This modality represented 94% of the total. Property acquisitions were mainly concentrated in cities with heated residential markets, such as Madrid, Barcelona, or Valencia. Pedro Sánchez justified this decision as a way to alleviate the housing crisis in the country. Property prices in Spain rose by 7% last year, according to Idealista. Since 2013, over 10,000 golden visas have been granted in Spain.

In the Portuguese scenario, the Golden Visa program remains active in different modalities. It continues to be a highly interesting alternative for foreign investors seeking dual citizenship. The Portuguese government also ended the real estate option of the program in 2023, following a similar approach adopted in other European countries.

Atlantic Bridge is monitoring updates on the Spanish Golden Visa and awaits further information on the outcome of this scenario to share here. (Updated on April 9, 2024).


Get to know the Golden Visa Portugal as well.

Golden Visa Spain: Spanish Residence Permit

The Golden Visa Spain is an investment residency program in Spain aimed at non-European citizens, launched in 2013 with the aim of attracting investment to the country and heating up the local economy.

It grants to its bearer and family members the authorization to live, work and study in Spain, among other benefits.

O Gold Visa Spain offers different investment options The funds can be directed either to the real estate market, local businesses, government bonds, financial applications or bank deposit. The minimum investment amount is €500K.

Get to know also the Non Profit Visa, aimed at retirees and passive income earners. 

What are the Main Advantages of the Golden Visa Spain?

  • Permission to live, study and work in Spain and enjoy the local quality of life;
  • Freedom to travel within the Schengen zone countries;
  • Fast application processing: residence permit approved in less than 60 days;
  • Extendable to family members;
  • Renewal of residency from a single annual visit to the country;
  • Possibility of obtaining Spanish citizenship after two years of effective residence in the case of Sephardic Jews and their descendants and for citizens of Ibero-American countries, Andorra, Equatorial Guinea, Portugal and the Philippines;
  • Possibility of obtaining a Spanish passport, considered one of the most powerful in the world and allowing access to 190 countries without a visa.

Investments Eligible to Golden Visa Spain

Golden Visa Spain has several eligible investment modalities, with values starting at 500,000 euros. About 95% of the investments made happen in the program’s real estate branch. Check out the available options:

From 500,000 euros

  • Acquisition of one or more properties (no location restriction; Spain or Islands);

From 1 Million Euros

  • Deposit in Spanish bank;
  • Investment in shares or participation in Spanish companies;
  • Investment in funds or venture capital;

From 2 Million Euros

  • Investment in Spanish Government Public Debt;

Values Subject to Assessment

There are options that are subject to the subjective analysis of the Spanish government and have to do with investments aimed at the social and cultural development of the country. The applicant needs to present a business plan to the government, which will decide whether the proposal is of social impact or not. It is worth pointing out that this is a more complex path than it may seem, and although there are no specific predefined values, it is important to keep in mind the benchmark set by the other modalities.

  • Job creation;
  • Investment with a significant socio-economic impact;
  • Relevant contribution to scientific and/or technological innovation.

Additional Requirements of the Spanish Golden Visa

The main requirements for the Golden Visa applicant are as follows:

  • Make a qualified investment in Spain;
  • Keep this investment for at least 5 years;
  • Be over 18 years old;
  • No criminal record;
  • Not to be on the nation’s official list of undesirable persons;
  • Present a medical certificate proving that you are in good health;
  • Have health insurance with a coverage of
  • Not have a history of denied visas for Schengen Zone countries;
  • The applicant must have sufficient resources to live in Spain.

One detail: a minimum period of residence in Spain is not required to maintain and renew the residence permit and have free access to the Schengen Area.

Family Reunification

The Golden Visa Spain allows for family reunification. They can be grouped together with the main applicant:

  • spouse or unmarried partner (stable union +2 years);
  • children under 18 ;
  • financially dependent unmarried adult children;
  • financially dependent parents of the principal applicant and/or his/her spouse, 65 years of age or older.

Apply For Your Golden Visa >

Golden Visa Spain Timeline

Another great advantage of the Golden Visa Spain is the fast application processing time of 6 to 9 months.

It offers a residence visa, which can be applied for either in the consulate of the country of origin, or in Spain, as long as the applicant is legally in Spain (for example, to be within the tourist visa period).

Work permit

In the case of the Golden Visa Spain, both the main applicant and the reunited family members are allowed to work in the country.

Permanent Residence and Citizenship

To apply for and renew the Spanish residence permit through the Golden Visa, it is necessary to maintain the investment in Spain for 5 years.

For those who wish to obtain Spanish citizenship, it is necessary to legally reside in Spain for 10 years, continuously and immediately prior to the application for nationality. During these 10 years, the individual is required to reside in the country for at least 183 days per year.

However, in some cases, this period is considerably reduced. For Sephardic Jews and their descendants, citizens of Ibero-American countries, Andorra, Equatorial Guinea, Portugal, and the Philippines, the period is reduced to only two years.

In addition, to obtain Spanish citizenship, the candidate must also pass a proficiency exam in Spanish language and general knowledge of the nation.

It is important to note that there is a difference between the permanent residence permit and Spanish citizenship, and that only Spanish citizenship gives access to a Spanish passport.

Does Spain Allow Double Citizenship?

Spain allows dual citizenship for immigrants from Portugal, Andorra, the Philippines, Equatorial Guinea, and Latin American countries with which it has specific agreements. However, according to the Constitution, immigrants from other nations are required to renounce their previous nationality when acquiring Spanish citizenship and surrender the corresponding passport.

What are the Advantages of Living in Spain?

  • Healthiest country in the world (Bloomberg Global Health Index, 2022);
  • One of the best public health systems in the world (CEOWorld Magazine’s Health Care Index, 2021);
  • Attractive, relaxed and cheerful lifestyle;
  • Exceptional quality of life;
  • Quality health care system;
  • Fourth country with the longest life expectancy (WHO, 2022);
  • Excellent schools, with classes available in English, French, German, Italian, Mandarin;
  • Ninth best countries to live in as a retiree (Annual Global Retirement Index
  • One of the best destinations to visit (UNWTO,
  • Strategic location, with easy access to other European countries and excellent transportation infrastructure, with modern airports and an extensive high-speed rail network;
  • Diversified economy and an important business center in Europe, offering opportunities for entrepreneurs and investors;
  • Its capital, Madrid, was considered the best destination for the organization of professional meetings and conferences (World Travel Awards,
  • Malaga and San Sebastian are among the 10 best cities in the world (Condé Nast Travaller,
  • The Costa do Sol offers a spectacular climate, with more than 320 days of sunshine per year. It is also an excellent place to invest in real estate.

In short, the Spanish Golden Visa offers an attractive opportunity for investors interested in residing in Spain and potentially obtaining Spanish citizenship. With its specific benefits and requirements, professional assistance is essential throughout the process.

Atlantic Bridge has a team of qualified and experienced specialists ready to assist and guide investors every step of the way. From selecting the right investment to supporting you in obtaining a visa and complying with legal requirements. We are committed to providing a smooth and successful experience. Contact us today and let us help you take advantage of the opportunities offered by the Spanish Golden Visa.

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Author:

Atlantic Bridge

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