Raymundo Larrain reviews the Spanish 'golden visa', which can still be obtained despite government plans to abolish it.
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Article copyrighted © 2024. Plagiarism will be criminally prosecuted
By Raymundo Larraín Nesbitt
Director of Larraín Nesbitt Abogados
8th of September 2024
What is a Golden Visa?
The Golden Visa is a residence permit granted to non-European nationals on investing in Spain.
This visa allows applicants to live and work in Spain (optional).
It opens the path to permanent residency (after 5 years) and to Spanish nationality (after 10 years).
Key benefits of a Golden Visa
It offers multiple advantages which I cover extensively in my article: Golden Visa in Spain: 21 reasons to apply.
Spain’s Golden Visa offers several benefits, namely:
Requirements to attain a Golden Visa in Spain
There are several paths to qualify for a Golden Visa:
State of Golden Visas in Spain
Recently, there have been many discussions about the possible elimination of the Golden Visa by the Spanish government. However, to date, the Golden Visa remains active and available to any interested investors.
Golden Visa application procedure
Yes, you still can.
The Spanish government announced its plans to eliminate them on the 8th of April 2024.
However, since then, no concrete date has been given.
All we know at this point is that they intend to eliminate them shortly, but no specific date was supplied.
The short answer is yes.
As long as you apply now, before they are phased out, you will have no issues to renew your Golden Visa residence permit.
No specific date was given.
You can reasonably expect them to be eliminated over the next months. Likely, by early 2025.
In short, yes.
A Golden Visa is one of the few visas that allows you - and your family - to work in Spain (optional).
Indeed, they are.
If you bought a property in Spain, on or after the 29th of September 2013, you may qualify.
6. Can I live anywhere in Spain?
Yes, anywhere you choose:
Barcelona, Costa del Sol, Granada, Madrid, Malaga, Mallorca, Seville and Sotogrande; so many great places to choose from.
Conclusion
There are several visas you can apply for if you plan to move and live in Spain. We offer a full overview in our article: Moving to Spain? Spanish visa overview.
However, the king of all visas is the Golden Visa. It is by far the most privileged visa one can attain in Spain. Which explains why the government was under political pressure to suppress them.
Our multidisciplinary team at Larrain Nesbitt Abogados (LNA) has attained hundreds of golden visas (and other visas) over the last decade for our non-EU clients.
At LNA we get you a golden visa in under three weeks.
Take advantage of the Golden Visa, apply today!
Your family’s success is only one call away.
Larraín Nesbitt Abogados, small on fees, BIG on service.
At Larrain Nesbitt Abogados (LNA) we have over 21 years of experience specializing in immigration & residency visas. We also assist clients in buying, selling, or renting properties in Spain. You can contact us by e-mail at info@larrainnesbitt.com, by telephone at our UK line (+44) 0754 3838 218 or Spanish line (+34) 952 19 22 88, or by completing our contact form.
Residency services available from LNA:
Please note the information provided in this article is of general interest only and is not to be construed or intended as substitute for professional legal advice. This article may be posted freely in websites or other social media so long as the author is duly credited. Plagiarizing, whether in whole or in part, this article without crediting the author will result in criminal prosecution. There is nothing impossible to him who will try. VOV.
Larraín Nesbitt Abogados, small on fees, BIG on service.
2024 © Raymundo Larraín Nesbitt. All Rights Reserved.