GOLDEN VISA RESIDENCE CARD - WHAT IS IT?
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The special residency program known as the “Golden Visa,” established under the Entrepreneurship Law 14/2013, offers non-European citizens the opportunity to obtain legal work and residency permits in Spain by acquiring real estate valued at a minimum of 500,000 euros.
- This visa allows not only the residence of the applicant but also that of their spouse and children.
- It grants Spanish residency for a period of 3 years from the date of investment (with potential future renewals to extend the permit’s duration).
- Renewal of the permit allows for the extension of its validity.
- It is not necessary to reside in the country to renew it; the only requirement is to visit Spain at least once a year.
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Disclaimer: The information provided in this blog is for informational purposes only and does not constitute legal advice. We are not responsible for any loss or damage that may arise from the use of this information. It is recommended to seek professional advice for specific needs.