Countless foreigners from everywhere in the world select Spain as their new home base from which to build their new enterprise or startup. The country’s major cities have evolved into some of the most prominent European centers for entrepreneurs. Obtaining a legal residency permit or a Golden Visa Spain is one of the most important prerequisites for continuing on this adventure. This article will cover the procedures you must follow in order to establish your firm and get residence in Spain. We will discuss the entrepreneur visa’s paperwork, criteria, and application procedure.

The entrepreneur Visa

The entrepreneur visa is a two-year residence permit that permits you to live in Spain if you establish a project in the nation that is in the general benefit of the Spanish economy. This is a residency permit designed for non-EU people who wish to launch a business in Spain. The Spanish immigration law will offer you residency based on your company concept if you meet specific conditions.

Your project must meet the following requirements in order to be accepted:

  • It must produce jobs for the country in the long run. Your project must produce new job opportunities and be a constructive boost to the Spanish economy.
  • It must generate profitable investment possibilities.
  • Its operational procedure must be technologically advanced and contribute to Spain’s socioeconomic growth.
  • Having patents, recommendation letters, or clients will improve the likelihood of your application being accepted.

On September 27, 2013, the Entrepreneur’s Law was issued. Its primary goal was to assist entrepreneurs in the process of starting a new business and expanding internationally. One of the primary benefits of any Golden Visa Spain received under this rule is that it may be obtained while in Spain. In contrast to the rest of the residence permits issued under general immigration law, it allows you to stay in Spain for two years with the option of renewing. Another significant advantage of this law is its quick turnaround time. After its inception in 2013, one of the major promises of this permit was to smooth the way for enterprises seeking to relocate to Spain.

It is simple to start a business and obtain residence in Spain. The major advantages of acquiring a Golden Visa Spain permit for entrepreneurs are as follows:

  • You will obtain a work permit without having to go through the complicated formalities of a standard work visa.
  • No upfront investment or capital amount required.
  • Although it is highly desired if your project produces jobs in the country, it is not a mandatory condition. This implies that if you begin your application on your own, the Commercial Office will not refuse it (with no other employee). This is also true for renewals: you can renew even if you did not recruit anybody else for the first two years.
  • Free travel inside the Schengen region
  • There is no need to travel to Spain for the application. You may simply choose a representative to apply on your behalf, eliminating the need for you to go to the nation in order to obtain your business licence.
  • The application may be submitted jointly. You can apply for a Spanish residency permit for your family if just one member of the family is launching a project. The startup visa is an excellent option for families looking to relocate to Spain. You may bring your parents, spouse, and children under the age of 18.

Obtaining a Startup Visa

Living outside of Spain

Assuming you have never resided in Spain and are presently residing in your native country, you will need to apply for a Spanish entrepreneur visa, which is a two-year permit. The documents you need to provide to apply for this are available here. You will have to send the file to the Spanish Embassy’s Economic and Commercial Office in your present country. After 10 days, you will be notified if your business plan has been approved or denied. Afterwards, you must apply for a visa in order to go to Spain, where you will receive your residency card.

Living in Spain with a tourist visa or residence card

If you are already legally residing in Spanish territory, you no longer need to apply for a visa. Instead, you apply directly for a residency permit. It is essential that you are not in an irregular status in the country. Otherwise, your application will be turned down. The necessary documents must be provided to the Large Business and Strategic Sector Units and you will have to wait 20 days for a verdict on the viability of your business idea. If you do not get a response within 20 days, your application will be considered approved.

If your application is rejected

If you filed your residence application and received a negative response, you can apply for a temporary residency visa and begin working as a self-employed worker. You will need your NIE number for this. It is a similar permit that lets you establish your own firm, but in this case, there is no requirement for the business to be creative. Another viable alternative is to invest in real estate in order to get residency under the Golden Visa scheme.

Requirements for a Startup Visa

There are three primary conditions you must satisfy in order for your application to be accepted, in addition to the general standards that apply to any sort of visa.

The first thing relevant authorities will look at is your professional profile, because your capacity to execute and develop your company idea in the actual world is just as vital as the business idea itself. Your CV should explain who you are, where you studied, what your profession is, and how your experience not only relates to your project, but how it can aid in its effective implementation. The more experience, expertise, and abilities you can demonstrate, the more likely you are to be approved. Possessing a degree or a master’s degree in a field linked to the main activities that will assist your startup’s growth is critical.

The business plan is a crucial document for your Startup Visa application, which must be submitted to the Commercial Office. The information from your business plan will ultimately decide your application based on how well you articulate the creative component of your company concept.

Your business plan must incorporate a market, product/service, and financial analysis as a whole. You must demonstrate that there is genuine market potential for your project’s success, that the product or service you want to sell is valuable enough for your target consumers, and that you have identified particular finance sources. You must include a financial estimate that includes the particular sources of money you will receive to ensure that your business will keep running smoothly.

The firm you establish to obtain residency must be something new, something that does not already exist in the nation, and something that would undoubtedly benefit Spain once it is established. Your business should add value to the Spanish economy, must have tremendous potential for both domestic and foreign investment, and be extremely creative.

General Requirements:

  • You must be a citizen of a nation that is not a member of the European Union.
  • The entrepreneur must be over the age of 18, the legal age in Spain.
  • A clean criminal record is required. This must be true for both Spain and any other nation during the five years before the application.
  • You cannot be in an irregular status in Spain at the time of your application.
  • The professional who is launching the firm must have health insurance with full coverage in Spain.
  • One must have sufficient funds for their family if they apply jointly. The primary applicant must pay 2.130€, and each family member must pay 532€.

Required Documents:

  • Application form
  • Passport
  • Proof of fees payment
  • Proof of financial capacity
  • Business plan
  • Approval of business plan

Renewing your entrepreneur visa

All of the conditions you met when you first applied must still be fulfilled. This implies that your project continues to benefit the Spanish economy and encourages the development of new jobs. Your entrepreneur visa will be readily renewed if your firm has a good forecast. This renewal will allow you to stay in the nation legally for another two years.

Spain is an ideal country to live, work or study but one has to have the necessary work and residence permits to do so.

Workers who are citizens of a member country of the European Union (EU) or the European Economic Union (EEA) or of Switzerland, do not need a work or residence permit.

Workers who are citizens of a non-member country of the European Union or the European Economic Union (EEA) then a work visa or European residence permit or EU Blue Card is necessary.  Without a work visa, a company cannot legally employ non-EU citizens.

The temporary visa

The temporary visa allows the holder to legally stay in Spain for more than 90 days but less than 5 years.  This european residence must be renewed every one or two years but only until five years after which the holder must apply for a permanent visa if the intent is to stay longer or indefinitely.

The temporary visa is usually given to work or service contractors like researchers, teachers and religious, senior management staff with contracts, seasonal workers, athletes, public entertainment artists, authorized foreign convicts, and cross border workers.

The permanent visa

After living in Spain continuously and uninterrupted for five years, the holder of the temporary visa can now apply for a permanent visa. This will allow the holder to work and live in Spain indefinitely.

If you are an entrepreneur or businessman, planning to set-up a business in Spain that is innovative, advanced technology and is aligned with the socio-economic interests of Spain, then the entrepreneurs  visa or the start-up visa may be the best option for you.

Spain work visas

The following workers can apply for the Spanish work visa:

Highly-skilled worker

To work in Spain as a highly-skilled worker, non-EU citizens have to find a job that has been classified as “shortage occupation”.  This means that there are no suitable candidates within the EU. The employer must the need to request for the work visa for the employee from the Ministry of Labor.

Seasonal workers

Seasonal workers need to show that they have suitable accommodation, travel costs are paid for, and  that they will return to their country once the job is finished.  The visas are valid for the duration of the work contract.  Employers of seasonal workers must request for the work visa from the Ministry of Labor.

Self-employed and freelance workers

Self-employed and freelance workers must apply for a work visa at a Spanish consulate or embassy in their home country.  The work visas are valid for one year but can be renewed if all the conditions are still met.

Eu blue card

The EU Blue Card is for people who spent at least three years completing a higher education qualification which allows them to work as a skilled professional.  Professionals who have a minimum of five years work experience at a high managerial level are also eligible.  The employer must submit the EU Blue card application on behalf of the applicant.

A work contract that includes a salary that is 50% more than the average salary in Spain or at least 20% more if the skills are in demand is a requirement.  The EU Blue Card is valid for only one year but is renewable as long as the conditions are still met.

Au pairs

An au pair must be between 17 and 30 years old, must show the contract agreement with the host family and must include the salary and conditions, must show proof of sufficient finances to self-support and must have medical insurance.  Visas for au pairs are only valid for one year but is renewable as long as conditions are still met.

 

Now is the best time to enjoy your Golden Visa now that Spain is open to tourists again. With your Golden Visa, you can travel anywhere in Spain and enjoy 3,000 hours of sunshine all throughout the year.

Here are the ten best beaches in the different parts of Spain. You may just fall in love with the place and may decide to buy property in the area. Your Golden Visa Spain will allow you to do just that.

  1. Playa de Ses Illetes, Formentera

Formentera is the smallest of Spain’s Balearic Islands in the Mediterranean Sea. The Playa de Ses Illetes (The Beach of Small Islands) is located in the peninsula of Es Trucadors in the northern part of Formentera Island. The sand there is almost pink and is simply a mix of fine white sand and coral residue. The small islands are Illa des Ponent, Illa de Tramuntana, Escull
des Pou, Illa Rodona, Escull d’ en Paia, Raco des Palo and the most famous, Espalmador.

The deliberate absence of umbrellas and sunbeds for rent and man-made structures make these beaches ideal to visit although they are not without people. Entrance and exits to the beach are monitored and limited to a specific number of people. Transport to the beach is controlled to minimize pollution. From Ibiza, it is a ferry ride away. Windsurfing, kitesurfing, sailing, stand up paddling or snorkelling are some of the activities allowed on Playa Ses Illetes.

  1. Calla Macarella, Menorca

golden visa spain

Menorca is one of Spain’s Balearic Islands in the Mediterranean Sea. Calla Macarella is a horseshoe-shaped cove set in a deep rocky inlet of limestone hills covered in pine trees. The limestone hills are dotted with caves, hollows and cavities that continue underwater.

Snorkeling is therefore a favorite activity in Calla Macarella. The beach does not get too crowded because of its remoteness and has facilities like lifeguard services, toilets, showers and a good restaurant by the white sand beach. Marcarelleta is smaller beach on the next cove.

3. Cala Aiguablava, Cataluña

golden visa spain

Aiguablava means blue water in Catalan. This small beach is surrounded by cliffs and pine forests that are reflected in the clear turquoise water of this small cove. It is a popular mooring place for sail boats and yachts and has lots of seafood restaurants to choose from.

  1. Playa de Papagayo, Lanzarote, Islas Canarias

golden visa

The golden sand beaches of Punta Papagayo stretch out for miles and are located in the Los Ajaches Natural Park and can only be reached on foot or by bicycle from the tourist town of Punta Blanca.

  1. Playa de La Concha, San Sebastian, Basque Country

playa de la concha

This scallop-shaped beach is located right in the city of San Sebastian and one of Europe’s best city beaches. It is also perfect for families with lots of activities for everyone including many excellent restaurants to choose from. After all, San Sebastian is one of the gastronomic hotspots of Spain.

  1. Calo d’es Mort, Formentera, Balearic Islands

golden visa

This beautiful cove is an inlet located in the easternmost part of the Migjorn Bay that has the calmest bright blue waters.

  1. Playa de Torimbia, Llanes, Asturias

golden visa

This tiny cove is located near the town of Llanes and is surrounded by cliffs full of vegetation which gives it an air of privacy.

  1. Playa de los Genoveses, Almeria, Andalusia

best beach spain

This beach is found in the Cabo de Gata Natural Park and in a bay of unequaled and cinematic beauty that has been the setting of many films.

Sand dunes of fine golden sand dotted with prickly pear and pita plants stretch for miles.

  1. Playa de las Catedrales, Ribadeo, Galicia

golden visa spain

This beach near Ribadeo is best known for its Gothic-like towering rock formations that the waves of the Atlantic have formed into arches and chambers that are best appreciated at low tide. To access the beach in summer, it is necessary to make a prior reservation.

  1. Platja des Coll Baix, Mallorca

buy real estate mallorca

Platja des Coll Baix in Mallorca is only accessible by boat or on foot through a lovely forest. This hiking trail is full of beautiful wild flowers and is perfect for bird watching. This crescent shaped beach sits below a sheer, wooded cliff that looks out to beautiful turquoise waters.

The Golden Visa Spain has several investment options:

  • minimum investment €500,000 in real estate
  • €2,000,000 capital investment in Spanish Public debt or;
  • €1,000,000 investment in shares in an existing Spanish company with real activity or;
  • €1,000,000 deposit in a reputable Spanish bank or fund

A minimum investment €500,000 in Spain will not only buy you a prime real estate property but also the freedom of movement throughout the European Schengen area, excellent healthcare, world-class school and universities including the two if the best business schools in the world, a healthy lifestyle that is based on the Mediterranean diet and a relaxed, unhurried pace of life.

 

Spain has re-opened for European Union and overseas tourists on June 7, 2021 and has already received the most searches of Google for houses to rent or buy real estate. This is definitely a good time as any to invest in a second home and a residence visa.  

Due to the pandemic, price levels for buy real estate in Madrid have fallen by about 5% especially for second-hand homes. Income from short-term and vacation rentals have all but disappeared.  The good news is that these properties can be re-listed as long-term leases according to market demand. Madrid is presently a seller’s market but the forecast is that in the next 6 months it will be a buyer’s market.

The demand for residential property rather than office or warehouse space has soared particularly in the suburbs and rural areas. Interest in larger properties with more green spaces has increased.

Second residence and a second passport

A second residence and a second passport are for many wealthy individuals is a very attractive investment option.

The Golden Visa Spain is the ideal route and has many investment options:

  • minimum investment €500,000 in real estate
  • €2,000,000 capital investment in Spanish Public debt or;
  • €1,000,000 investment in shares in an existing Spanish company with real activity or;
  • €1,000,000 deposit in a reputable Spanish bank or fund

A minimum investment €500,000 in Spain will not only buy you a prime real estate property but also the freedom of movement throughout the European Schengen area, excellent healthcare, world-class school and universities including the two if the best business schools in the world, a healthy lifestyle that is based on the Mediterranean diet and a relaxed, unhurried pace of life.

Real estate market in Spain

Real estate prices in Spain have been steadily rising since 2016 however the Covid-19 worldwide pandemic in 2020 has put a pause to this. Property experts predict that real estate prices may still fall by 5 to 10% in the short term. This is good news for those who are looking for a second home or a property to buy to live in or rent. Spain is still among the best places in Europe to buy real estate as it offers considerable returns on investment.

A wide range of properties can be bought for €500,000 – from 3 bedroom apartments or townhouses to a fully detached villa with a garden – in secondary locations. An additional €1,000,000 or more may be needed for prime locations such a Madrid or Marbella.

There are several types of real estate property in Spain that are very Spanish in layout and style such as a chalet surrounded by nature with a large garden, swimming pool and parking area that will bring the owner tranquility and pleasure. There are also mansions in the mountains that are one or two storied located in strictly residential areas and upscale neighborhoods with swimming pool, terraces and views of the city and the Mediterranean Sea. Living in front of the sea is also an option and one can avail of at least 500 square meters of open space, light-filled interiors that is perfect for a very relaxed lifestyle.

The most expensive places to buy in Spain are Marbella, San Sebastian, Barcelona and Madrid.  Less expensive are The Canary Islands, Catalunia, Andalucia and Valencia. In Castilla y Leon your €500,000 can go a long way.

Golden Visa real estate

There are also several amenities that come with the Golden Visa real estate purchase. The holder can avail of some amenities like resort-style living, world-class restaurants, concierge services, resident-only social clubs and fitness facilities.

Spend this summer in your own Spanish resort-style villa. Invest in the Golden Visa Spain. Our consultants at Orience International will be happy to answer any questions you may have and assist you in any way possible.

 

If you are a holder of the Golden Visa Spain then you and your family are the lucky ones who can travel to Spain in 2021.

Since June 7, 2021, Spain is open to FULLY VACCINATED persons. Spain does not yet have a Covid-19 Passport but they are connected to the EU Digital Covid Passport Gateway.  

Who are allowed to travel to Spain this summer?

  • Travelers from most of the European Union and Schengen areas are allowed to travel to Spain without being subject to quarantine requirements as long as the infections rates in their country of origin are low.
  • Travelers from non-European Union Covid-19 safe countries that have an agreement with Spain are allowed to travel to Spain even if they have not been vaccinated. These countries are the following: Australia, China, South Korea, New Zealand, Northern Ireland, Israel, Rwanda, Singapore and Thailand.
  • Travelers from the United Kingdom and Japan are no longer required to present Covid-19 test results or undergo quarantine upon entering Spain.
  • Travelers from the United States and other third countries are allowed to travel to Spain provided they have been FULLY VACCINATED with one of the vaccines approved by the European Medicines Agency (EMA) and have received the vaccine 14 days before entering Spain. These are the vaccines produced by Pfizer, Janssen, Moderna, AstraZeneca, Pfizer, Sinopharma and Sinovac. These travelers must still provide a negative Covid-19 test result upon entry into Spain.
  • All persons crossing the land border between Spain and France must provide a negative Covid-19 test result.

Restricted entry for arrivals from several countries

Spain is one of the European countries that have been badly affected by the Covid-19 virus and had one of the most stringent lockdowns in 2020. Spain re-opened in the summer of the same year but experienced a massive surge. They locked down again in November until May 2021.

Spain would like to keep the Corona-19 virus under control and limit the number of cases imported from other countries. Therefore, they have very strict rules against specific countries.

  • Travelers from India are subject to a ten-day quarantine upon arrival in Spain.
  • Visitors from other countries not mentioned in any of the categories are still not allowed to enter Spain unless they have special permission to do so by the Spanish government.

 The following can apply for a Golden Visa Spain:

Exceptional entry authorizations are given to the following persons:

  • Residents of a country of the European Union, Schengen Associated States, Andorra, Monaco, the Vatican (Holy See) or San Marino who are on their way to that country. They must be in possession of a valid travel document and a residence card issued by one of the aforementioned States, including the Spanish Foreigner Identification Card (TIE).
  • Holders of a national visa (Type D) issued by an EU State or Schengen Associated State on their way to that country. The visa must be in force.
  • Health professionals, including health researchers, and elderly care professionals who are on their way to or from work.
  • Transport personnel, seamen and aeronautical personnel required to carry out air transport activities.
  • Diplomatic, consular, international, military, civil protection and humanitarian personnel in the exercise of their functions.
  • Students carrying out their studies in the Member States or Schengen Associated States who hold the relevant visa or foreign student card and medical insurance, provided that they go to the country where they are studying, and that the entry takes place during the academic year or the previous 15 days.
  • Highly qualified workers whose work is necessary and cannot be postponed or carried out remotely, including participants in high-level sports events that take place in Spain. These circumstances must be documented.
  • Persons travelling for duly accredited imperative family reasons.
  • Persons who, at the border, provide documentary evidence of force majeure or a situation of need, or whose entry is permitted on humanitarian grounds.
  • Persons vaccinated with one of the vaccines authorized by the EMA – European Medicines Agency or with those who have completed the emergency use process of the World Health Organization. They must be provided with a certificate recognized by the Ministry of Health of Spain.

 

A second residence and a second passport is for many wealthy individuals and their families, especially those that live in conflict areas, a safety net. Buy luxury real estate in Spain is your ideal route and the Golden Visa has many investment options:

  • Minimum investment €500,000 in real estate.
  • €2,000,000 capital investment in Spanish Public debt.
  • €1,000,000 investment in shares in an existing Spanish company with real activity.
  • €1,000,000 deposit in a reputable Spanish bank or fund.

A minimum investment €500,000 in Spain will not only buy you a prime real estate property but also the freedom of movement throughout the European Schengen area, excellent healthcare, world-class school and universities including the two if the best business schools in the world, a healthy lifestyle that is based on the Mediterranean diet and a relaxed, unhurried pace of life.

Real estate market in Spain

Real estate prices in Spain have been steadily rising since 2016 however the Covid-19 worldwide pandemic in 2020 has put a pause to this.  Property experts predict that real estate prices may still fall by 5 to 10% in the short term.  This is good news for those who are looking for a second home or a property to buy luxury real estate to live in or rent. Spain is still among the best places in Europe to buy real estate as it offers considerable returns on investment.

A wide range of properties can be bought for €500,000 – from 3 bedroom apartments or townhouses to a fully detached villa with a garden – in secondary locations.  An additional €1,000,000 or more may be needed for prime locations such a Madrid or Marbella.

Where buy luxury real estate

There are several types of real estate property in Spain that are very Spanish in layout and style such as a chalet surrounded by nature with a large garden, swimming pool and parking area that will bring the owner tranquility and pleasure. There are also mansions in the mountains that are one or two storied located in strictly residential areas and upscale neighborhoods with swimming pool, terraces and views of the city and the Mediterranean Sea. Living in front of the sea is also an option and one can avail of at least 500 square meters of open space, light-filled interiors that is perfect for a very relaxed lifestyle.

The most expensive places to buy luxury real estate in Spain are Marbella, San Sebastian, Barcelona and Madrid.  Less expensive are The Canary Islands, Catalonia, Andalucía and Valencia. In Castilla y Leon your €500,000 can go a long way.

There are also several amenities that come with the Golden Visa real estate purchase. The holder can avail of some amenities like resort-style living, world-class restaurants, concierge services, resident-only social clubs and fitness facilities.

Benefits of the Golden Visa Spain

The Golden Visa Spain is ideal for those who want to live fulltime in Spain or for those who would like to maintain a second residence in Europe without having to become a citizen.

The Golden Visa Spain has the following requirements:

  • A minimum investment of €500,000 in real estate
  • The Golden Visa Spain is a temporary residency permit that can be renewed every two years. It is not necessary to live in Spain in order to retain and renew the residency visa permit.
  • Upon the fifth year of the residency visa permit, the applicant can now apply for permanent residency.
  • On the tenth year the the applicant can apply for Spanish citizenship. The Spanish government no longer requires full time residence in Spain to meet the citizenship requirement.  Multiple exits are possible as long as the trip does not last longer than six consecutive months. This means that applicants only need to travel just twice a year to Spain.

 

Barcelona, Spain’s major Mediterranean port and commercial center is the most active startup city in Spain with an ecosystem that has matured and is continuing to develop. Because of this, it has been ranked as #6 in the Top 100 Emerging Ecosytems by Startup Genome in 2020. With to the Golden Visa you can start a new business in the country

In 2018 Barcelona was ranked the 3rd preferred city in Europe to set up a startup by the European Union and the 7th city in Europe with more scaleups, that is startup technologies that have raised more than one million dollars in funding. This is because Barcelona has all the qualities of an ideal startup ecosystem – innovation, talent, universities and support organizations.

Innovation

Innovation has characterized Barcelona throughout most of its existence as evidenced by its art and architecture. Barcelona has been ranked the 4th most innovative city in Europe by The Innovation Cities Index.

Universities and Talent

Barcelona is the only European city with two academic institutions (IESE and ESADE) among the top 10 business schools in the world according to The Financial Times.

Since the founding of the University of Barcelona in 1450, Barcelona has fostered an environment that promotes creativity and forward thinking. This has made Barcelona the 5th most attractive city for digital talent according in a report called Decoding Global Talent 2019 released by the Boston Consulting Group.

According to Mobile World Capital, Barcelona has the second highest number of professional developers among all European cities. Barcelona also has the capacity to attract R&D, ranking as the 7th urban area in the world with more investment received in 2019 according to Global Cities Investment Monitor.

Support Organizations

In support of Barcelona’s unique standing, the city actively encourages startup and entrepreneurial congresses, conferences and fairs and consequently has been ranked the 4th city in the world that organizes the greatest number of congresses and the 1st in the number of representatives that attend these fairs according to The Observatory.

These qualities have resulted in 1,300 startups in Barcelona in 2018, 21% of which have secured rounds of investment of over 1 million euros. The year before, the city raised about 722 million euros making it the 4th among European cities with the most startup funding.

Startups based in Barcelona have mainly focused on industry innovations (17%), life sciences (13%), mobile and software technologies (11%) according to Startup Heatmap Europe and have employed close to 14,000 people.

In an interview with startup founders in Europe, 20% would choose Barcelona, making this city the 3rd favorite startup hub in Europe.

Lastly, Barcelona is the 3rd best city to combine work and personal life in Europe and 8th in the world making it a city that offers a high standard of living.

Why choose the Golden Visa

If you are a businessman or entrepreneur looking to set up a startup in exchange for permanent residency through investment, then Barcelona is the perfect place and the Golden Visa the perfect vehicle to attain your goal.

You can begin by applying for the entrepreneur visa or startup visa, a newly created visa that will allow you to live in Spain during a two-year period provided that you have a startup project that is innovative and aligned with the industries particularly significant to Spain like green energy, the atmosphere, water and water treatment, health sciences, biotechnology, and aeronautics and aerospace, and can provide employment for Spaniards.

Once this visa has been granted and you have either started a business or made a capital investment in a startup, you may now apply for a Golden Visa which will grant the applicant permanent residency in five years. The entrepreneurial investment must be at least one million euros and can be any of the following types:

  • Opening a business or starting an entrepreneurial project that is aligned with the significant industries.
  • Highly qualified professional individuals who are experts or highly qualified in the significant industries
  • For those who engage in research or educational activities.

No matter the amount of investment, it must be maintained in Spain for a minimum of five years. After the five years period is over, the applicant will obtain permanent residency in Spain and after ten years can apply for Spanish citizenship.

The applicant’s goals of setting up a business or startup in Barcelona, of obtaining permanent residency, and if he so chooses Spanish citizenship will have been successfully met.

 

The Human Development Index (HDI) developed by the United Nations ranks Spain as the 5th best country in the world to live in.  Spain has a coastline along the Atlantic Ocean to the North and the Mediterranean Sea to the southeast that provides Spain with a pleasant climate throughout the year that is beneficial to its agricultural products. If you are looking for a country that provides a healthier and relaxed lifestyle, then Spain is the country and the Golden Visa Spain the ticket to a healthier and relaxed lifestyle.

The Golden Visa Spain requires a minimum investment of € 500,000 in a real estate market that is diverse and has the potential for capital gains in the years to come.  After five years of living in the country, permanent residency can be obtained and after ten years, citizenship. This program is perfect for those who wish to live full time in Spain or simply maintain a second residency in Europe but without a path to citizenship and live a healthier and relaxed lifestyle.

Live a healthy life in Spain

The Golden Visa Spain also allows for the healthier lifestyle Spain is becoming known for.  A 2018 study by the Washington Institute for Health Metrics and Evaluation predicted that Spain would surpass Japan as the country with the longest life expectancy by 2040.  Spanish people have a life expectancy of 83.2 years.  A 2019 Bloomberg Healthiest Country Index showed that out of 169 countries, Spain is the healthiest nation in the world.

Health experts attribute this longer life expectancy and overall health and wellness to the Mediterranean diet that Spaniards have been following for many generations, and an excellent healthcare system.  Other factors like the good weather and a relaxed lifestyle have contributed to Spaniards’ health and wellness.

The Mediterranean diet is the high consumption of olive oil, legumes, unrefined cereals, fresh fruits and vegetables, and fish, a moderate consumption of dairy products and wine, and a low consumption of meat products.  The freshness of the produce which are mostly home grown and therefore have less traveling time also contribute to the success of this diet.

The traditional preparation and cooking techniques that Spanish cooking is known for also contribute to the Spaniards’ health and wellness.  These techniques have changed very little over time and passed down from generation to generation.

Climate and temperature also have a big impact on one’s health.  Spain’s constant sunlight encourages people to be more active and outdoors.  Sunlight increases the body’s vitamin B levels that can prevent cancer, boost the immunity system, keep bones healthy and strong and provide higher energy levels.

Spaniards have developed a lifestyle that is relaxed in comparison to that in the rest of Europe or the US.  There is less concern for time and Spaniards are never in a hurry.  Meals are leisurely and mostly never alone, and serve as a time to take a break, catch up and refuel that may include a few minutes of siesta or light sleep.  Many shops, cafes, restaurants and business establishments close during the hottest time of the day and open again when it is cooler and stay open until late in the evening.

Enjoy one of the bests healthcare systems of the world with the Golden Visa Spain  

The Spanish healthcare system is one of the best in the world.  It guarantees universal coverage and free healthcare access to all Spanish nationals regardless of economic situation or participation in the social security network and offers private or public healthcare services. The Spanish healthcare system is decentralized with service delivery organized at the regional level.   This means not only a faster and more efficient service delivery but also availability in the remotest rural areas.

So, if it a healthier and relaxed lifestyle you are seeking, then Spain and the Spanish Golden Visa is for you.

 

The crown jewel of Spain’s Balearic Islands, Mallorca, is well-known for its beautiful coastlines, unique architecture and comfortable lifestyle. Every year, millions of tourists visit the crystal clear waters and amazing cuisine in the islands of Mallorca, and many decide to turn the short visit into an eternal holiday. Foreign investors that know of the great potential of the islands buy real estate in Mallorca as a wise investment, for the prices on properties on the popular holiday island have been increasing in the past years.

Benefits of the Spain Residency

Foreign investors can obtain a visa for permanent residency by buying real estate in Mallorca. This can give them and their families the opportunity to live, work and study in Spain and benefit from the many advantages that come from it, such as the healthcare system and the great educational system of the country. Moreover, the applicant for that visa and his family can live in an eternal holiday: the stunning beaches, the Mediterranean weather and the beautiful architecture of Mallorca will become your new home.

What you should consider before buy real estate in Mallorca

The first step for investors to choose the location of their new property is to decide what to have in consideration. The Mediterranean vibes and the terraces with breathtaking views are available in many places of Mallorca, but there are some things to take into consideration before buying a house that will serve as your new home and not just your holiday home. For instance, places for leisure and shops for everyday needs should be near your new home, and assurance of the safety of your new neighborhood is a must.

There are different types of properties if you are planning to buy real estate in Mallorca. Like any other place in Spain, you can choose to obtain a private housing state (also known as urbanizacion in Spanish) that provides plenty of space and ensures a high degree of privacy, or you can go for an apartment, which is a more economic option. This alternative tends to be located in populated residential areas that are close to the beach, for many expats and international investors want to start the day glancing into the turquoise water of Mallorca.

On the other hand, the most popular choice for wealthy local and foreign investors are the fincas, which are country houses that give the owners the chance to have a rustic lifestyle closer to nature. These can become luxurious residences, or can also be turned into a functioning farm, so the finca can be your new home that comes with a business. For this type of property, buyers should pay attention to the terms and conditions of the acquisition to ensure that it is a good investment.

How you can obtain the Golden Visa Spain

International investors can obtain the Golden Visa Spain through a real estate investment in Mallorca, which will enable the applicant and his family to reside in the country for a longer period of time. The visa will also give the family the opportunity to travel to other countries in the Schengen area without the need of an additional visa. The program does not require any length of stay during the process, and the visa-holders will be eligible to live legally in their new home in Mallorca. Moreover, the Golden Visa can lead to the spanish citizenship.

These are the options in the program for foreign investors that are interested in buying real estate in Mallorca and want to obtain a residency permit:

  • A real estate investment of a minimum of €500,000
  • A €1,000,000 investment in shares or business of Spanish companies
  • A €2,000,000 investment into Spanish government bonds
  • A fund transfer of €1,000,000 into a Spanish bank account

Nevertheless, if you are planning to buy real estate in Mallorca, regardless of the type of property, it is necessary that a real estate expert accompanies you to examine the legal paperworks, and the property itself, to receive professional advice before making the investment. Our team in Orience International will guide you through the legal process of buying real estate in Mallorca and will provide you with the best options of investment programs.

 

Countries like Spain that rely on the tourism sector had experienced the negative impact of the pandemic during the past year, and the release of the COVID-19 vaccines has given hopes to the government to welcome, once again, travelers from around the world. Last May 21, the president of the Government in Spain, Pedro Sánchez, announced the new updates that will benefit the economy of the country, as well as foreigners that are thrilled to visit the Mediterranean country.

Starting June 7, international travelers that have received full vaccination against COVID-19 can travel to Spain. This means that even tourists from the US will be welcomed to visit once again the country, as long as the visitors provide a certificate that proves that the travelers have received a full vaccination against COVID-19 authorized by the European Medicines Agency (EMA) or by the World Health Organization (WHO). Moreover, last Monday, May 24, citizens of countries safe from COVID-19 were considered eligible to travel to Spain once again. These countries have been classified with low intensity of COVID-19 cases, and the list includes the UK, Australia, Singapore, Japan, China, Israel, South Korea, Thailand, New Zealand and Rwanda.

These positive changes in the entry bans in a touristic country like Spain will improve the country’s economy, and will be advantageous to the tourists that have waited for over a year to visit the beautiful beaches and taste the exquisite Spanish cuisine. Furthermore, international entrepreneurs that were seeking to start a business in the country are now welcome to the country, as long as they had received the full vaccination against COVID-19. As the president of the government said, “Spain is pleased to welcome international visitors once again”, for it will help the country’s recovery, and it will mean a step forward towards the new normal for travelers.