The Spanish residence permit program “the Golden Visa” is aimed towards supporting entrepreneurs and investors to invest and gain residency and relocate to Spain in order to enhance and stimulate foreign direct investment in the country.
There are several options through which applicants can obtain the residency, which will be valid for a period of 1 year, and can be renewed for periods 2 years,Then they can apply for the Spanish permanent residency, and then in 10 years they can apply for the Spanish citizenship in case they completed the residency and settlement requirements such as:
1- Applicants can obtain the residency by obtaining Real Estate in Spain in the amount of 500,000 EUR and maintain it for a period of 5 years, or;
2- Deposit an amount of 1,000,000 EUR in Spanish Financial Entities and maintain it for a period of 5 years, or;
3- Invest an amount of 1,000,000 EUR in company shares or stock of Spanish capital companies with an actual business activity, or;
4- Invest an amount of 2,000,000 EUR in Spanish public debt securities, or;
5- Establishing a business project in Spain, that can be deemed to be of general interest to the country, by fulfilling one the following requirements;