Spanish Golden Visa Residence Program

Information about the Spain Golden Visa Residence program for investors. This program is designed to attract non-EU nationals who are willing to make significant investments in Spain. Here's a summary of the key points you mentioned:

Types of Investments: There are several investment options available to qualify for the Golden Visa program, including:

Real Estate: A minimum investment of €500,000 in real estate.
Financial Assets: Investments of €2 million in public debt, €1 million in shares, investment funds, or venture capital funds, and €1 million in bank deposits.
Business Projects: Investment in business projects of general interest. There is no specific minimum investment requirement, but these projects must have a significant social, economic, scientific, or technological impact on the area where they are located.
Application Options: Applicants can choose one of two options for the application process:

Apply for an investor visa at the Spanish Consulate in their country of residence if they are outside Spain at the time of application.
Apply directly for a residence permit if they are already in Spain at the time of application.
Processing Times: Visa decisions are typically made within 10 working days, while residence permit decisions take around 20 working days.

Validity and Renewal: Once the investor visa is approved, the applicant has one year to travel to Spain and apply for the Spanish residence permit, which is initially valid for three years. This residence permit can be renewed for an additional five years without the requirement for effective residence in Spain.

Benefits: The Golden Visa and residence permit allow the holder to live and work in Spain, making it an attractive option for individuals looking to invest and establish a presence in the country.

If individuals are interested in pursuing this program, it is advisable for them to contact the appropriate authorities or legal experts to get the most up-to-date and detailed information, as immigration and investment policies can change over time.