Spain ranks third in a study on the most popular destinations to move to, only behind Canada and Japan, making the Mediterranean country one of the top choices for foreigners that are looking for a new location to reside, or for business. An increasing number of international entrepreneurs have opted for the Golden Visa Spain as their path to acquire a permanent residence permit. With this investment program, the principal investor and family members that are not residents of an EU country will be eligible to live, work and study in Spain.
Here you will find the main reasons why the Golden Visa Spain is the best option for non-European investors that are planning to acquire permanent residency in Spain.
1. Investors and family members can move together to the country and benefit from the advantages of becoming a resident of Spain
With the Golden Visa Spain, visa-holders will have access to public and private healthcare, as well as to the educational system in the country, which has been updating and guarantees the best quality education at international level.
Moreover, the Mediterranean country offers more than 3,000 hours of sunshine every year, exquisite traditional and international cuisine, and has some of the best views in the world; the perfect place for your new home. The best quality life at low cost of living is assured in Spain.
2. Travel to different countries within the Schengen area without the need of an additional visa
Investors and their families that have obtained the Golden Visa Spain are granted visa-free access to the Schengen zone, which includes Sweden, Germany, Italy among others. This is convenient for entrepreneurs that frequently visit neighboring European countries for business, or simply to explore foreign land.
Once you have kept your residence permit status for a period of five years, you will be qualified to apply for the Spanish citizenship.
3. Benefit from the country’s potential for financial growth
The country’s proximity to other neighboring countries in Europe and Africa, as well as the plenty of locals, guarantees the success of a business. Also, Spain is a top tourist destination, millions of tourists visit the main places of Spain (Barcelona, Madrid, Balearic Islands, etc.), as well as the small cozy towns in the north. The investment on real estate in any part of the country can become a successful rental business opportunity for short-term stays.
4. A plan B to avoid life-threatening situations, political and economic instabilities
The Golden Visa Spain will offer you an alternative route for the whole family to ensure a more prosperous life. Having a residence permit in Spain will give you the opportunity to choose in crisis situations. When there are unexpected life-threatening situations, such as the on-going pandemic, the whole family can move to Spain to benefit from the Spanish healthcare system, voted recently as one of the best in the world. The right to choose will give you the assurance of a lifetime investment that benefits the whole family.
5. Experts affirm that now is the best time to buy real estate, and the Golden Visa Spain offers plenty of benefits
Professionals expect investors and potential buyers to resume activity and raise their interest to buy real estate during the year 2021, as they expect demand for Spanish housing to lower and therefore, decrease in price. According to S&P Global Rating analysts, a decrease of 3.5% will favor possible buyers. For that, experts advise that it is better to buy real estate than to sell, which is good news for foreign investors that are also aiming to acquire a residence permit through the Golden Visa Spain by investing in the third largest investment country in the EU.
The investment options available are:
- 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
The process for this residency option typically takes 60 days and it does not require length of stay in Spain for the visa-holders to benefit from all rights granted by it.