What is the "Golden Visa" and how is it obtained?
With the “Golden Visa” you can obtain Spanish residency by purchasing a property. We guide you through the process step by step.
Acquiring residency in Spain through a real estate purchase is possible, and it is known as the “Golden Visa” program. The process involves purchasing a property in Spain that is worth at least 500.000 Euros.
Here are the steps to obtain Spanish residency through a real estate purchase:
1. Find a Property:
The first step is to find a property that meets the minimum investment amount of 500.000 Euros. Ask us for our MySpot Barcelona portfolio.
2. Apply for the Golden Visa:
Once you have found a suitable property, you can apply for the Golden Visa. This involves submitting an application to the Spanish authorities and providing proof of the property purchase and investment amount.
3. Obtain a NIE:
In order to purchase a property in Spain, you will need to obtain a NIE (Número de Identificación de Extranjero), which is a tax identification number for foreigners. You can obtain a NIE from the Spanish Consulate or Embassy in your home country or in Spain. At MySpot we are happy to help you with all the paperwork and to take the weight off your shoulders.
4. Finalize the Property Purchase:
Once your application is approved, you can finalize the purchase of the property. You will need to pay the purchase price and any associated fees and taxes.
5 Obtain Residency:
After completing the property purchase, you can obtain residency in Spain. This will allow you to live and work in Spain, and to travel within the Schengen area without a visa.
It is important to note that there may be additional requirements, such as health insurance or proof of financial means to support yourself, depending on your specific situation. It is recommended to consult with a legal professional familiar with Spanish immigration laws to ensure a successful application.
Contact us at My Spot Barcelona with your request and we'll guide you through it.
Disclaimer: The information provided in this article is for general guidance and orientational purposes only. We cannot guarantee that all details remain fully accurate or up-to-date, as local regulations and market conditions are subject to constant change. This content does not constitute formal legal, financial, or tax advice. For current and specific information, we recommend consulting a professional advisor. We are happy to put you in touch with a trusted local expert in Spain.
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