Spain

Discover a world of opportunities through Spain's Golden Visa Program, where investing a minimum of €500,000 in real estate grants you a residence and work permit. This program, initiated in 2013 with the "Golden Residence Permit," offers numerous advantages, including residence privileges, business opportunities, employment prospects, access to healthcare, and educational options.

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BENEFITS OF SPANISH GOLDEN VISA

• Schengen Zone Freedom
• After an initial 2-year residence permit, the Spanish Government allows you to renew your permit every 5 years, as long as the real estate remains unsold.
• There is no obligation to reside in Spain; your real estate investment can be residential or commercial and can even generate rental income.
• Family Inclusion
• Spain taxes only your relevant rental income, with income from other countries exempt from taxation

ELIGIBILITY CRITERIA FOR SPANISH GOLDEN VISA

• Applicants must be non-EU, EEA, or Swiss nationals; be over the age of 18
• Applicants should have a clean criminal record in Spain and in all countries in which they have resided
• Applicants should possess valid health insurance covering themselves and any family member
• Applicants demonstrate evidence of €30,000 to support themselves throughout the residence period plus €10,000 per family member.

       FAMILY MEMBERS WHO CAN BE INCLUDED:

• Spouse or common-law partner
• Children of the investor under 18
• Children of the investor over 18 who are financially dependent on the investor
• Parents and grandparents of the investor who are dependent on the investor

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INVESTMENT OPTIONS

Public Debt Securities‍

Invest a minimum of €1 million in public debt securities, with a required official certification from a relevant financial entity, management company, or the Bank of Spain. Hold the investment for five years to maintain residency for the same duration.

Stocks and Shares:

Invest €1 million in Spanish company stocks and shares, requiring certification from a financial intermediary registered with the National Securities Market Commission or the Bank of Spain for listed stocks and shares. For unlisted investments, accreditation at the Register of Foreign Investments is needed. The hold period and residency validity vary based on the investment.

Spanish Investment Funds‍

Invest €1 million in Spanish investment funds, close-end investment funds, or venture capital funds, with official certification from a relevant financial entity, management company, or the Bank of Spain. Maintain the investment for at least five years, ensuring a corresponding five-year residency.‍

Bank Deposit‍

Place €1 million in a bank deposit with a Spanish financial institution, requiring certification from a relevant financial entity, management company, or the Bank of Spain. The hold period and residency validity depend on specific requirements.‍

Real Estate‍

Invest €500,000 in real estate property, with certification from the Property Registry. The hold period and residency validity are determined based on individual circumstances.‍

Business Project‍

Invest €1 million in a business project that creates jobs, has a socio-economic impact on the area, or contributes to scientific and technological innovation. Certification from the Directorate-General for International Trade and Investments is necessary, with the hold period and residency validity varying according to the project's details.

PROCEDURE OVERVIEW

• Real Estate Selection and Purchase: We present a portfolio of real estate options tailored to your investment criteria. You'll visit properties in Spain with our representative, and we'll manage all purchase and title deed transactions.
• Legal Procedures: Power of attorney procedures are facilitated through a law firm and notary public, ensuring all legal and bureaucratic processes are handled efficiently.
• Bank and Tax Office Procedures: During your visit to Spain, we assist in opening a bank account and coordinate relations with the bank while obtaining your tax identification number.
• Residence Permit Application: After completing title deed procedures, our attorneys take your fingerprints and submit your residence permit application, managing the process on your behalf.
• Property Maintenance and Utilization: We offer renovation, rental, and maintenance services for your Spanish property, including tenant relations and rental management.

Vesta Global service fee

10.00% + VAT over the sales price for a real estate investment of € 500,000

8.00% + VAT over the sales price for a real estate investment of € 1,000,000 and above

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Payment Method

• 20% - Before visiting Spain
• 60% - On the 3rd business day following the title deed transfer
• 20% - On the 3rd business day following the Golden Visa application

Taxes

• Real estate purchase and sale tax varies between 6% and 10%.
• Stamp tax of 0.25%.
• Annual real estate tax varies by region (less than 1%).
• Tax on income from rental is 24%.

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List of Necessary Documents:

• Civil registry extract (to be translated in English, notarized and Apostille affixed)
• Bill (a government agency, telephone or GSM bill) indicating the residence address and the name of the applicant
• Marriage certificate (to be translated in English, notarized and Apostille affixed)
• SSI (Social Security Institution) Payroll Document or SSI Pension Document (to be translated in English, notarized and Apostille affixed)
• Criminal record (to be translated in English, notarized and Apostille affixed)
• A document showing that the investor himself/herself has minimum € 27,000 and his/her family members have minimum € 6,000 in their bank accounts
• Valid health insurance for the investor and his/her family members to apply for Golden Visa
• A medical report proving that such persons do not have the diseases included in the list determined by the World Health Organization
• A signed and stamped document obtained from the relevant university which indicates the children’s department and year of education in such university (for those children who study)
• Passport (must be stamped when entering Spain)
• 4 pcs of biometric head shots of 4×6 shot without glasses
• A document showing that the investor himself/herself has minimum € 27,000 and his/her family members have minimum € 6,000 in their bank accounts
• Valid health insurance for the investor and his/her family members to apply for Golden Visa
• A medical report proving that such persons do not have the diseases included in the list determined by the World Health Organization

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