What is it and how to process the Golden Visa in Spain is and how to process the Golden Visa in Spain

What is the Golden Visa, requirements and how is it processed:

The Golden Visa was born as an option for legal residence in Spain under Law 14/2013 on support for entrepreneurs, to attract foreign investors outside the scope of the European Union.

This type of residence has advantages over other types of residence and work permits:

It is valid to work throughout the Spanish territoryIncludes the spouse, minor children and economically dependent children of the holderRelatives covered by this residence can also work throughout the entire Spanish territoryFree mobility throughout the territory of the European UnionInvestment must be made in advance to the visa application and within the legal deadlines once it has been made. If you are a national of an Ibero-American country, the Philippines, Equatorial Guinea or former Spanish colonies, the right to Spanish nationality is born after two years of continuous residence, which is a very important advantage.

To opt for this type of residence there are several investment channels or avenues:

Investment of two million euros (€2,000,000.00) in Spanish Treasury Bills or Public DebtInvestment of one million euros (€1,000,000.00) in Spanish capital companiesInvestment of one million euros (1,000,000, €00) in Investment Funds or Venture Capital originating in SpainInvestment of one million euros (€1,000,000.00) in Spanish Banking EntitiesInvestment of at least five hundred thousand euros (€500,000.00) in real estate, free of liens up to that amount.Investments in business projects in Spain, there is no set amount or amount, this business plan must include all the detailed study and implementation of the investment, job creation plan, socioeconomic impact on the area of investment, scientific and technological contribution of the project

Documentation needed to apply for the Golden Visa:

Valid passportPublic or private health insurance arranged with an insurance Entity authorized to operate in Spain, with coverage equal to Spanish Social Security. That is to say, that the hospitalization is covered and that there is no copay. Therefore, it would be a medical insurance with all the coverage in case of any type of illness or accident Reliable accreditation of the investment made Criminal record certificate Demonstration of sufficient financial resources to reside in Spain, these must be 4 times the IPREM and once again by each relative