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Spain Golden Visa 2023: €350K Effective Capital Outlay2023-01-22T14:21:35+00:00

Own the Mediterranean lifestyle in 2023 with a Spanish Golden Visa

Make your Iberian Dream come true in 2023 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

Professional service fees included

Legal fees excluded

Use your own law firm or ours.

What are the current Spanish Golden Visa program options?

As of January 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 2023.

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 2023

Program Consideration Spain Golden Visa – Property 2023 Greece Golden Visa – Property 2022 Greece Golden Visa – Property 2023 Portugal Golden Visa – 280K Property – 2022/2023
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.)

€250,000 (Any property – residential, commercial or land – of any age, located anywhere in Greece) €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.)

€280,000 (Qualifying properties, older than 30 years, situated in low density areas (NUTS III), e.g. outside of Lisbon, Porto, the Algarve and most of the coastal areas of Mainland Portugal);
Typical yield 1-5% 4-6% p.a. 0-4% 1.5-2.5% p.a.
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;

Law No 23/2007;

Regulatory decree No. 84/2007;

Portuguese Nationality Act No. 37/81 of 3 October;

Governmental program guidance;

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 (2023 UPDATE)

How does the Spain Golden Visa program work at a high level?2023-01-17T09:09:36+00:00

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 2023?

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 January 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.

The application and renewals process at a glance

D7 Visa TrustPilot Reviews

See what our clients say on TrustPilot.

  1. Contact us and book a discovery call with your case consultant

  2. Sign term sheet and commence application process

  3. Initial client due diligence screening

  4. Purchasing of eligible Spanish real estate / eligible capital transfer

  5. Compilation of client case file and supporting documentation

  6. Submission of client application to the Spanish immigration authorities.

  7. Receipt of Golden Visa approval notification, and residency cards issued.

  8. 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 (launching Q1 2023).

✓ Spanish Citizenship made simple: Apply on the basis of Naturalization, Marriage, Ancestry or Option. 

What our clients are saying about us…

D7 Visa Google Reviews
D7 Visa Portugal TrustPilot Reviews
D7 Visa TrustPilot Reviews
D7 Visa Portugal TrustPilot Reviews

Secure your Plan B with a Golden Visa from only €350,000. Apply now.

Contact us today to get your application started.

Krista Victorio
Krista VictorioSenior Advisor, Spain Golden Visa
Based in Barcelona and originally hailing from the USA, Krista Victorio is a Spanish Golden Visa holder herself. Boasting over a decade’s worth of experience, Krista serves as client relationship management lead for the Spain Golden Visa program.

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 2023.

    Spain Golden Visa overview for 2023 compiled by…

    Andre Bothma Author
    Born in Cape Town, South Africa, Andre is a seasoned digital entrepreneur with extensive experience working in the demand-side of the Residency and Citizenship By Investment industry. He has been writing about Golden Visas, Citizenship By Investment and investment migration programs for over six years, and has frequently written and been interviewed by industry-leading RCBI publication, IMIDaily.com. Andre is a D7 Visa holder and Portuguese resident himself. Having identified a gap in the market for affordable European immigration solutions outside of Golden Visas, he launched D7 Visa to help more foreign individuals and families settle in Europe without the need for property investment. Andre is a regular contributor to the pages of Sovereign Research, a leading international diversification publication catering to a global audience. He is also one of the earliest global promoters of the HQA Visa Program and the Cultural Golden Visa program. Andre spends half his time in Porto, Portugal.
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