- Invest €500,000 or more in Spanish property
- Single or multiple investments eligible
- Real estate accounts for 95% of all GV investments
- No minimum residence requirements
- Free movement across 26 Schengen countries.
Non-residents making a real estate investment of €500,000 or more in Spanish property qualify for Spain’s Golden Visa. By making the investment, foreigners can acquire a residence permit, enabling them and their immediate family members to live and work in the country.
Alternative options include depositing 1 million euros in a Spanish bank or buying shares for 1 million euros; investing 2 million euros in the country’s public debt or starting a business to create jobs.
That said, real estate is by far the most popular option, accounting for 95% of all applications. Investors can choose to invest €500,000 in one property or spread the amount across multiple properties.
With no residence requirements, you can rent out your Spanish property all year round if you wish. This makes Spain’s Golden Visa as popular with buy-to-let investors as it is with expats and those wishing to buy a holiday home.
As long as you spend less than six months in the country, you will only be required to pay tax on your assets in Spain (as opposed to your worldwide assets and income). This is another key benefit for overseas buyers looking for an investment return rather than to relocate.
When compared to other Golden Visas, Spain’s investment threshold is on the higher end of the spectrum. However, it has one of the fastest application processes, taking 2-3 months.
There are no minimum residence requirements, meaning overseas buy-to-let investors don’t have to spend any time in the country to keep the residence permit. On the other hand, if you do choose to live in Spain, you won’t be required to take language and cultural exams.
Moreover, many people are willing to invest more in Spain than in other countries—simply because it offers a very high quality of life and ticks all of their boxes.
Spain has long been a favoured relocation destination. Expats from around the world are enticed by its warm climate, low cost of living, efficient healthcare and education systems, and overall high quality of life.
Over 750,000 foreigners migrated to Spain in 2019; while this figure dropped during the pandemic, it rose to over half a million people last year (Statista).
At the end of 2021, six million foreigners resided in Spain, according to the Spanish Ministry of Inclusion, Social Service and Migration.
Over the years, it has been particularly popular with British expats. This has become even more apparent following Brexit, with the number of British nationals living in Spain rising by 176% in 2021. It seems that Brits have not been deterred by the hassles of Brexit, and in fact are keen to hang on to their EU status.
In addition to a fast track to residency, the Golden Visa in Spain grants you free movement through all 26 countries in the Schengen area—opening up even more opportunities to live and work around the world.
Whether you’re interested in relocating, acquiring a holiday home, or simply making a profit on buy-to-let properties, the Golden Visa in Spain makes for an attractive entryway into this top-tier European location.
Contact us today for more information on real estate investment opportunities in Spain.