Following an initial contact, we will provide an overview of the costs and process that the programme entails from submission to permanent residency after 5 years.
Firstly, the principal applicant is required to travel to Spain before issuance of the first residence visa. This visit can be completed within 3-4 days and focuses on signing a Sales and Purchase agreement on a qualifying real estate investment, biometrics and opening a local bank account. When you return to your home country, a deposit will be transferred to start the sales process which will take 2-3 months, at which point an application can be submitted within 10-15 days and you will receive your temporary residency permit.
The Golden Visa is a temporary residence permit valid for a period of one year from the date of issue and may be renewed for successive periods of two years, provided that the necessary requirements for its granting are maintained. After five years, you can apply for a permanent residence permit and you can apply for Spanish citizenship after living in Spain for ten years (full time) and assuming you meet the requirements. However, if you are born in Spain to legal foreign residents this period of residence is only one year or if your nationality is from a Spanish American country, Andorra, the Philippines, Equatorial Guinea, or Portugal then only two years is required. You are not required to live in Spain in order to retain and renew the residency visa permit. However, the route to permanent residency and citizenship requires the investor and their family to reside in Spain.
Under the family reunification scheme, your spouse and children under 18 can be granted a residence permit once the principal applicant has been approved. Children above 18 and parents can also qualify, provided they are financially dependent on the principal applicant.