The Golden Visa offers a fast and efficient pathway for foreign investors to gain residency in Spain. This visa is particularly appealing due to its flexibility in investment options. One of the most secure and straightforward methods to obtain the Golden Visa is through investing in public debt. In this article, we will explore how you can obtain the Golden Visa in Spain through public debt investment and the benefits associated with this option.
What is the Golden Visa?
The Golden Visa is a type of residence permit in Spain designed for non-EU citizens who make a significant investment in the country. This investment can take various forms, including real estate purchases, business projects, or public debt investment. Investing in public debt is considered a low-risk and stable option for those looking to obtain the Golden Visa while ensuring their capital remains secure.
Requirements to Obtain the Golden Visa Through Public Debt Investment
To obtain the Golden Visa through public debt investment, you need to meet specific requirements:
1. Minimum Investment Amount: The minimum investment required is €2 million in Spanish public debt instruments.
2. Proof of Investment: You must provide evidence of the investment, such as a certificate from a financial institution or a brokerage firm that confirms the purchase of Spanish public debt securities.
3. Financial Solvency: Demonstrate that you have the financial means to make and sustain the investment without encountering economic difficulties.
4. Criminal Record: Provide a certificate showing a clean criminal record from your country of origin and any country where you have resided in the past five years.
Process to Obtain the Golden Visa
The process to obtain the Golden Visa through public debt investment involves several steps:
1. Make the Investment: The first step is to invest at least €2 million in Spanish public debt instruments. This can include government bonds or other recognized public debt securities.
2. Gather Documentation: Collect all necessary documents, including proof of investment, passport, criminal record certificate, and proof of sufficient financial resources.
3. Submit the Application: Submit the Golden Visa application along with the required documentation. This can be done at the Spanish Embassy or Consulate in your home country or directly in Spain.
4. Application Review: Spanish authorities will review your application and documents to ensure all requirements are met. This process can take several months.
5. Receive the Visa: If your application is approved, you will be granted an initial residence permit for two years, which can be renewed for successive five-year periods as long as the investment is maintained.
Benefits of the Golden Visa
Obtaining the Golden Visa in Spain through public debt investment offers numerous benefits:
1. Residency for the Family: The Golden Visa allows the investor and their immediate family (spouse and minor children) to obtain residency permits.
2. Stability and Security: Investing in public debt is a secure option, providing a stable return on investment with minimal risk.
3. Access to the European Market: With Spanish residency, you can travel and conduct business in most European Union countries without additional visas.
4. Tax Benefits: Spain offers various tax incentives for foreign investors, especially those who significantly contribute to the national economy.
5. High Quality of Life: Spain is renowned for its high quality of life, favorable climate, and excellent public services, such as healthcare and education.
Conclusion
The Golden Visa is an excellent option for foreign investors seeking to establish residency in Spain. By investing in Spanish public debt, you can obtain a secure and stable investment while enjoying the benefits of Spanish residency. If you are considering this option, it is advisable to seek the guidance of an expert immigration lawyer to navigate the process and ensure the success of your application.
At Expat & Legal Spain, we are here to help you make your dream of living and thriving in Spain a reality. Contact us today for an initial consultation with no obligation.
Sandra Márquez
Lawyer and CEO Expat & Legal Spain