WHAT OUR CLIENTS ARE SAYING ABOUT US
Own the Mediterranean lifestyle in 2-3 months from just €350K with our Spanish Golden Visa experts
Make your Iberian Dream come true in 2024 by applying for Spain’s renowned Golden Visa program.
And thanks to an innovative, proprietary commercial real estate option available in Barcelona and Madrid, you can reduce your effective capital commitment on the €500,000 real estate option by €150,000, to just €350,000.
Find out more about the program below, or contact us now to discuss your options.
SPAIN GOLDEN VISA: €350,000 REDUCED CAPITAL OUTLAY OPTION
Spain’s cheapest Golden Visa – effective outlay only €350,000
Proprietary commercial real estate project
Minimum hold period: 10 years
Guaranteed ROI @ 3% p.a.
Guaranteed buy-back options available
10-Year yield paid up-front (€150,000)
Early exit possible subject to penalties
Residency cards issued in 2 months
No minimum in-country stay requirement
Legal fees excluded
What are the current Spanish Golden Visa program options?
As of August 2023, Spanish Golden Visa applicants can choose between the following program pricing options:
€500,000+ (~$541,000)
SPANISH REAL ESTATE
Purchase any Spanish property of any age, and any type (residential, commercial or agricultural)
€500,000+ (~$541,000)
PROPRIETARY COMMERCIAL PROPERTY
ROI @ 3% per annum. 10-year yield paid up-front. Effective capital commitment: €350,000+ (~$378,600). See more below…
€1 million+ (~$1.082 million)
STOCKS/BUSINESS
Acquire Spanish stocks, shares, or contribute to the share capital of a Spanish company
€1 million+ (~$1.082 million)
BANK DEPOSIT
Make a local deposit in a Spanish national bank, and maintain this balance for as long as your residency is active
€2 million+ (~$2.164 million)
SPANISH BONDS
Acquire Spanish government bonds (public debt), and hold for as long as your residency is active
No prescribed minimum
NEW BUSINESS SETUP
Must serve national interests, create jobs, have a tangible socio-economic impact, and/or make a significant contribution to scientific and/or technological innovation.
Given Spain’s global popularity as a lifestyle destination, the country’s Golden Visa has enjoyed a decade of massive and growing popularity.
This acclaimed residency by investment program enables non-EU applicants and their families to obtain temporary Spanish residency permits by buying real estate worth €500,000 in Spain, with a clear path to eventual citizenship.
While the program has long been popular among Chinese, Russian, Middle Eastern and South African investors, in recent years it’s also become more popular among Americans, Canadians, Australians and British nationals looking for a second home or European Plan B.
And today, with competing Golden Visa programs getting more restrictive – Portugal – and more expensive – Greece – this trend looks set to accelerate in 2024.
Applicants are typically serial entrepreneurs, affluent professionals, early crypto winners, real estate investors as well as high net worth individuals (HNW) and ultra high net worth (UHNW) individuals.
Discover all the key program benefits and requirements, and compare the Spanish Golden Visa to its key competitors – Portugal and Greece – below…
Benefits of The Spanish Golden Visa program
☑ EXCELLENT VALUE OPTION
With the proprietary commercial RE option featured below, your effective capital outlay for the Spanish Golden Visa is only €350,000.
☑ NO MINIMUM STAYS
You only need to visit Spain to renew your residency permit after the first 3 years, and then at 5-year intervals.
☑ FAMILY ELIGIBILITY
Your spouse, children under 18 and financially dependent adult family members are also eligible to apply under your Spanish GV application.
☑ IMMEDIATE FAMILY REUNIFICATION
Unlike as in Portugal – where family reunification can take years – you and your family can travel to and live in Spain from the get-go.
☑ FAMILY WORK PERMITS
Unlike in Greece and Italy, you and your family can all work locally in Spain (either self-employed or employed).
☑ ACCESS SPANISH EDUCATION AND HEALTHCARE
Your children can study at public and private schools and universities, and the whole family can access medical services.
☑ SCHENGEN (EU) VISA-FREE TRAVEL*
Enjoy visa-free travel across the entire Schengen area as a Spanish legal resident for up to 90 days out of 180 days.
☑ FASTEST APPLICATION PROCESS
Obtain an ultra-flexible Spanish residency in as little as 60 days with one of the fastest Golden Visa programs in Europe.
☑ RE PORTOLIO DIVERSIFICATION
Gain exposure to Spain’s dynamic property market, and choose either residential, commercial or agricultural RE.
*Spanish Golden Visa residents enjoy visa-free travel to the following Schengen countries:
Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Greece, Germany, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden and Switzerland.
EU Golden Visa Program Comparison Chart 2024
| Program Consideration | Spain Golden Visa – Property 2024 | Greece Golden Visa – Property 2023 | Greece Golden Visa – Property 2024 | Portugal Golden Visa – 2024 |
|---|---|---|---|---|
| Minimum capital requirement | €500,000 (Any property – residential, commercial or agricultural – of any age, located anywhere in Spain, OR;
€500,000 (A proprietary commercial property investment, to be maintained for 10 years, with a guaranteed yield of 3% p.a. front-loaded, reducing the effective capital requirement to just €350,000.) |
Any property – residential, commercial or land – priced at either €250,000+ or €500,000+ depending on location. | €250,000 (Any property, of any age, outside of the city centers of Athens and Thessaloniki, and outside of Mykonos and Santorini);
OR; €500,000 (Any property, of any age, in the city centres of Athens and Thessaloniki, or on Mykonos or Santorini.) |
€500,000 (Venture Capital or Private Equity Fund; Job Creation – 5 jobs, or preservation of 10 jobs)
€400,000 (NUTS III Area Job Creation – 4 jobs, or preservation of 8 jobs) |
| Typical yield | 1-5% (3% for €350K Commercial Golden Visa option) | 4-6% p.a. | 0-4% | Variable |
| Minimum hold period (in order to renew) | 5 years | 5 years | 5 years | 5 years |
| Legal basis / Official program guidance | Law 14/2013 (article 63) | Greek “Golden Visa” Law 4251/2014 – Permanent Residency Permit for Investors | Greek “Golden Visa” Law 4251/2014 – Permanent Residency Permit for Investors | Ordinance No. 305-A / 2012; |
| Application submitted by government entity | No | No | No | No |
| Typical application timeline to | 60 Days (2 Months) | 3-4 Months | 3-4 Months | 12-18 Months |
| Path to permanent residency / citizenship | Yes | Yes | Yes | Yes |
| Minimum in-country presence requirement (to maintain temporary residency) | 1 Visit per year (1 day per year) | None | None | On average 7 days per year during temporary residency period (first 5 years) |
| Language testing requirement for temporary residency | No | No | No | No |
| Family eligibility | Yes | Yes | Yes | Yes |
| Timeline to citizenship and a passport | After 10 years of residence, unless you are a citizen an Ibero-American country or a former Spanish colony, in which case after only 2 years of residence. |
After 7 years | After 7 years | After 5 years |
| Health insurance required | Yes | Yes | Yes | Yes |
| Government pre-approval step before capital is committed | No | No | No | No |
| Local tax number required | Yes | Yes | Yes | Yes |
| Start process from home | Yes | Yes | Yes | Yes |
| Are Russians currently eligible to apply? | No | No | No | No |
| Local employment allowed? | Yes | No, unless you set up your own business | No, unless you set up your own business | Yes |
| Can I pay for this Golden Visa using crypto? | No | No | No | Yes (convert your crypto to fiat via Bison Bank) |
| Visa-free travel access to Schengen Area? | Yes | Yes | Yes | Yes |
| Language and /or cultural exam required for naturalization? | Yes | Yes (The Panhellenic exam is conducted in Greek, with a minimum required pass rate of 80% to obtain the “Certificate of Adequacy of Knowledge for Naturalization (PEGP)”. | Yes (The Panhellenic exam is conducted in Greek, with a minimum required pass rate of 80% to obtain the “Certificate of Adequacy of Knowledge for Naturalization (PEGP)”. | Yes (Portuguese A2 Level CIPLE exam – Certificado Inicial de Português Língua Estrangeira. No cultural knowledge test applicable) |
| Government pre-approval step, and authorizing entity | No / NA | No / NA | No / NA | No / NA |
| Principal guaranteed | On some options | Generally not | Generally not | On some options |
| Residency permit validity | Initially 2 years, then 5 years | 5 years | 5 years | 2 years (first permit), then 3 years (second permit) |
FREQUENTLY ASKED QUESTIONS (2024 UPDATE)
Under the Spanish Golden Visa, upon successful application and having made a qualifying real estate investment, you’ll be granted a residency permit with a 2-year validity. It is renewable for additional periods of 5 years, provided that the investment is maintained.
During the temporary residency period, you’ll not be required to live in Spain in order to keep your residency permit renewable.
In fact, you’ll only be required to spend 1 day per year in Spain in order to keep your temporary residency status active and renewable.
Why choose the Spanish Golden Visa program as your Plan B in 2024?
Centrally situated and boasting world renowned cuisine, a vibrant culture and awe inspiring scenery, Spain offers one of the best lifestyles in the world.
The country is also reputed to have some of the finest international schools within the European Union, and its health infrastructure and services are excellent.
Alongside Portugal’s Golden Visa, and the competing program in Greece, the Spanish program has steadily been gaining in popularity among foreign investors looking for a back-up plan against the uncertainties their home countries are facing.
Launched in 2013, Spain’s Golden Visa has a minimum capital requirement of €500,000 as of August 2023.
And whereas the Portuguese and Greek Golden Visas have both gone through some significant changes – the former becoming more restrictive, and the latter far more expensive – the Spanish program rules have remained constant, and its application process both fast and reliable.
In contrast, GV applicants in Portugal have faced processing delays of up to 24 months or more.
One key reason for this is that the Spanish property market recovery is well underway after the crash of mid-2014.
Property investors in Spain also benefit materially from high rental yields, particularly in the city centres of popular cities such as Barcelona, Madrid and Sevilla. This has been driven in part by the meteoric rise of peer-to-peer rental platforms such as Airbnb. (However, these platforms are increasingly meeting resistance from local authorities.)
Another key benefit is that a Spanish Golden Visa Residency Permit allows you to work in Spain, whereas the Greek Golden Visa does not.
It is, however, important to note that your Golden Visa purchase cannot be financed through a mortgage loan.
A closer look at the program’s Real Estate options
| Spain Golden Visa Program Specifics | Property (Standard Option) | Property (Proprietary Option: Front-Loaded Yield) |
|---|---|---|
| Minimum official capital requirement | €500,000 | €500,000 |
| Type of property | Residential, Commercial or Agricultural | Commercial only |
| Property Location | Anywhere within the territory of Spain | Madrid or Barcelona |
| Minimum hold period | 5 Years+ | 10 Years+ (Early exits possible – see below scenarios table) |
| Guaranteed yield | Some options may be available | 3% p.a. |
| 10-Year front-loaded yield value | N/A | €150,000 |
| Effective capital commitment | €500,000 | €350,000 – THE cheapest Spanish Golden Visa option for 2023 |
What are your exit options on the proprietary €350,000 commercial RE option?
BEFORE YEAR 10:
| Buy-Back Year | Discount Applied | Amount Received Back |
|---|---|---|
| Year 5 | 50% | €175,000 |
| Year 6 | 40% | €210,000 |
| Year 7 | 30% | €245,000 |
| Year 8 | 20% | €280,000 |
| Year 9 | 10% | €315,000 |
| Year 10 | _ | €350,000 |
AFTER YEAR 10:
Option 1: Exercise your guaranteed buy-back option, and have €350,000 returned to you.
Option 2: Sell to the market at the going rate at the time.
Option 3: Keep the asset and keep on collecting rent.
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Contact us and book a discovery call with your case consultant
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Sign term sheet and commence application process
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Initial client due diligence screening
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Purchasing of eligible Spanish real estate / eligible capital transfer
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Compilation of client case file and supporting documentation
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Submission of client application to the Spanish immigration authorities.
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Receipt of Golden Visa approval notification, and residency cards issued.
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Renewal of residency card after two years, and then every 5 years until permanent residency or citizenship is granted.
Choose to work with THE Spanish Golden Visa Experts
According to data published by the Spanish immigration department, over 13,000 Spanish Golden Visas as of 30 June 2021.
✓ A dedicated team of 13 multilingual professionals based in Barcelona. We speak English, French, Portuguese, Mandarin, Cantonese and Arabic, amongst other languages.
✓ A track record of success spanning over 10 years
✓ Over 600 immigration clients successfully assisted
✓ 100% success rate for Spanish Golden Visa applications
✓ The ONLY firm offering the proprietary €350,000 reduced capital option
✓ THE Spanish residency experts: Golden Visa, Non-Lucrative Visa, Highly Qualified Professionals, Inter-Company Transfers and Spanish Digital Nomad / Tech Worker Visa applications (launched inQ1 2023).
✓ Spanish Citizenship made simple: Apply on the basis of Naturalization, Marriage, Ancestry or Option.
What our clients are saying about us…
Secure your Plan B with a Golden Visa from only €350,000. Apply now.
Contact us today to get your application started.
Russians citizens, contact us to discuss your current Golden Visa options today.
Simply complete the below form and one of our expert consultants will get back to you. We look forward to being of service and helping you make your Spanish Plan B dreams a reality in 2024.
Spain Golden Visa overview for 2024 compiled by…
