If you want to live permanently in that country, you can “buy” Spanish nationality if you apply for the so-called golden visa.
With this document, Escapadas H explains, the possibility is offered to be in Spain “without entry and exit restrictions, without work or study restrictions, you have all the rights and services that citizens have, as well as your family.”
Also called Golden Visa or Golden Visa, according to Ivisa, it was created under Law 14/2013, to support foreign entrepreneurs and investors interested in staying in Spain.
Do you want to live legally in Spain? These are the five ways to get Spanish nationality
What do you need to “buy” Spanish nationality?
This visa is granted to people who want to buy property in Spain, but it is also available to entrepreneurs who want to invest in business projects, the aforementioned site continues.
To process it you need invest a minimum capital in the country.
Escapadas H indicates that “if you want to be a candidate for this visa, you only need to invest the amount of 500 thousand euros in one or more properties or real estate, as well as other investments.”
what kind of investment
In Escapades H they are detailed:
How easy it is and how to get citizenship in Spain if you are of Latin American origin
/cloudfront-us-east-1.images.arcpublishing.com/eluniverso/D6FAH3MBV5FYBCKM427X7KN76Y.jpg)
The requirements to obtain the golden visa
There are at least 6:
Important information that Ivisa adds for your family: After you have made the investment and obtained the Golden Visa, you can apply for a residence permit for your spouse and children. That is why this visa is recommended if you want to start a new life in Spain.
/cloudfront-us-east-1.images.arcpublishing.com/eluniverso/YHUZ55MSRRDU5BITC243ZNWJ2Y.jpg)
Permanence in Spain with a golden visa
As an initial investor, Ivisa reports, the visa authorization has a duration of 2 years allowing you and your family to reside in Spain legally and without restrictions.
“After 2 years, you can apply for a visa extension that is valid for 5 years.” And if you want to apply for permanent residence after 5 years, they explain, you have to stay in the country for at least 6 months.
Between the benefits of Spanish golden visa recently El Nuevo Herald went broke:
These visas “allow investors to include their spouse, children under the age of 18, and dependent adult children in the application, guaranteeing permanent residency and citizenship unless they fail to meet any legal requirement.”
They added that “visa holders do not have to pay tax in Spain as long as they do not stay more than 183 days per year on Spanish territory. Otherwise, the tax is 24% on income from work or business activity performed in Spain.
Read here to know the documents required for the investments and to process the golden visa.
Source: Eluniverso
Mabel is a talented author and journalist with a passion for all things technology. As an experienced writer for the 247 News Agency, she has established a reputation for her in-depth reporting and expert analysis on the latest developments in the tech industry.
