Unlock the doors to Spain with the Golden Visa Residence program, designed to welcome non-EU nationals ready to make significant investments in this beautiful country. At NKIC, we specialize in guiding investors like you through the process.
Types of Investments
The Spain Golden Visa program offers several investment options:
– Real Estate: Invest a minimum of €500,000 in Spanish real estate.
– Financial Assets: Invest €2 million in public debt, €1 million in shares, investment funds, or venture capital funds, and €1 million in bank deposits.
– Business Projects: Invest in business projects of general interest with significant social, economic, scientific, or technological impact.
Application Options
Choose the application process that suits your situation:
– Apply for an investor visa at the Spanish Consulate in your country of residence if you are outside Spain during the application.
– Apply directly for a residence permit if you are already in Spain when applying.
Processing Times
Experience swift processing times:
– Visa decisions usually take around 10 working days.
– Residence permit decisions are typically made within 20 working days.
Validity and Renewal
Once your investor visa is approved, you have one year to travel to Spain and apply for the Spanish residence permit, initially valid for three years. The permit can be renewed for an additional five years without requiring effective residence in Spain.
Benefits
The Golden Visa and residence permit grant you the privilege to live and work in Spain, making it an appealing choice for individuals looking to invest and establish a presence in our vibrant country. For the most up-to-date information on this program, it’s advisable to contact NKIC, as immigration and investment policies can change over time.
Other Residency Programs in Spain
In addition to the Golden Visa program, Spain offers alternative residency options, including the non-working residence visa. Here’s a brief overview:
Non-Working Residence Visa
This visa allows you to reside in Spain without engaging in gainful employment. To qualify, you must demonstrate:
– Proof of financial means for the initial year of the residence permit.
– A regular source of income to support yourself and family members, if applicable.
– Financial resources equivalent to 400% of Spain’s Public Multiple Effects Income Indicator (IPREM), plus 100% of the IPREM for each family member.
For example, you must justify CAN $3,500 per month, with an additional CAN $900 per month for each family member.
Citizenship and Language Requirements
To apply for Spanish citizenship:
– General rule: After 10 years of residence.
– South America, Portugal, Andorra, Equatorial Guinea, or Sephardim: After 2 years.
– Guatemala and individuals married to a Spaniard: After 1 year.
Language requirements may apply, depending on the specific circumstances of your application. For precise details and personalized guidance, please consult our experts at NKIC.
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