According to the latest published figures, Spain broke the record again last year with the granting of the Golden Visa to international citizens. In total, 8,061 visas were granted in 2019, 22.6% more than in 2018, and the most common assumption was investment in real estate for an amount of more than € 500.000, excluding permits for family reunification or business transfer.
More specifically, a total of 681 citizens obtained the Golden Visa Spain through real estate investment in Spain, compared to 599 in 2018, which represents an increase of 13.7%. If we look at the number of permits granted, based on nationality, the Chinese were the first, followed by the Russians, Iranians, Americans and Mexicans.
The assumptions for which last year more visas were granted was intra-company transfer with a total of 1,361 permits and highly qualified professionals with 1,650 permits. In the first case, these are changes of residence due to work reasons and in the second, all the relatives (wife or children) from whom they have obtained permission are grouped.
On the other hand, and according to the College of Registrars, last year international citizens bought 3,858 homes in Spain for more than € 500,000 and of these, 1,393 operations were carried out by non-EU buyers. Mainly, the purchase of these properties was made in Catalonia, Andalusia, Madrid, the Valencian Community and the Balearic Islands, in this order.
If we look at nationalities, China gathers the majority of residence permits, a total of 1,686, followed by Indians and Brazilians. One of the trends in recent years is the increase in the granting of residence to nationalities of South America, such as Colombians or Mexicans.
In the case of obtaining the Golden Visa through an investment of more than € 500,000, we again find Chinese citizens (455 Golden Visa), followed by Russians (42 visas), Iranians (21), Americans (16) , Mexicans (13) from Saudi Arabia (11), Egyptians (10) and Filipinos (10).
Some figures from 2020
If we look at the latest available data for 2020, in January 50 Golden Visa were granted for the purchase of a property of more than € 500,000 and 31 in February. According to all the assumptions, 782 permits were issued in January and 563 in February.
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What are your goals, how do you want to manage your assets? From Orience International we advise you with the investment program that best suits your needs. Remember that even in the state of alarm we are still 100% operational to offer you the best service. Also, you do not have to leave your country to carry out any procedure.
Information: El País