Why get the Golden Visa?
- Posted by Joanna
- Posted in BlogSpanish Immigration Law
Buying a property in Spain does not grant someone residency. Obtaining Spanish residency is a separate process – an often complicated and slow one. However, you can speed it up by applying for a golden visa.
The Golden Visa was introduced in 2013 as an incentive to invest in the Spanish real estate sector. One of the requirements is to acquire property with a value over €500,000. This can be one or more properties.
There are many benefits of the Golden Visa that make it a tempting route for building a life in Spain. The visa grants rights to live and work in Spain, as well as freedom to move around the Schengen area for non-EU applicants. It also aids subsequent applications for direct family member’s residency applications.