Desde el comienzo de la globalización y a lo largo de los años, debido a razones positivas o negativas como el trabajo, la educación, la jubilación u otros… La gente siempre está buscando nuevas formas de cambiar los países de residencia. Sin embargo, para los ciudadanos no pertenecientes a la Unión Europea (UE), obtener un permiso de residencia puede ser un proceso complicado y lento. Ahí es donde entra en juego la Golden Visa: es una vía rápida para la residencia en España y, eventualmente, la ciudadanía europea.
What is the Golden Visa ?
The Golden Visa is a program that allows non-EU citizens to obtain residency in Spain in exchange for a qualifying investment in the country. The investment can take several forms, including :
• Making a €1 million investment in Spanish stocks
• Depositing €1 million in a Spanish bank account
• Investing in a Spanish business and creating jobs
• Purchasing a real estate worth a minimum of €500,000
The Golden Visa was introduced in Spain in 2013 as a way to attract foreign investment and stimulate the economy. Since then, it has become one of the most popular Golden Visa programs in Europe, with thousands of investors taking advantage of its benefits.
Advantages of a Golden Visa
The Golden Visa program offers numerous advantages to individuals seeking to reside in Spain. First and foremost, it provides a path to residency and potentially citizenship in Spain. This can be particularly attractive for individuals who plan to spend a significant amount of time in the country or who wish to retire in Spain.
The main asset to the golden visa is the possibility to obtain the Spanish nationality 10 years after investing. To obtain this latter, you must renew your 2 year residency and live at least 6 months per year for 5 years to apply for a permanent residency
Additionally, the Golden Visa program allows free movement within the Schengen area. This means that individuals with a Golden Visa can travel throughout the European Union without the need for additional visas or permits.
Another advantage of the Golden Visa program is that it does not require individuals to reside in Spain for a specific amount of time each year. This provides travel flexibility for individuals who wish to split their time between multiple countries.
Finally, the Golden Visa program can provide financial benefits as an investment itself. Spanish real estate has historically been a solid investment, Ibiza is a particularly attractive location for international investors. The island is a popular tourist destination and has a thriving real estate market. Additionally, the island’s location in the Mediterranean provides easy access to other European countries and the rest of the world. As shown in the graphs below from Las Villas Ibiza’s internal data, most of the properties for sale in Ibiza are priced above 500 000 euros.
Las Villas ibiza internal data – Homes
Las Villas ibiza internal data – apartments
Conclusion
The Golden Visa program provides an attractive path to residency and potentially citizenship in Spain. Our team of experts and solicitors, located in Ibiza, can help individuals obtain their Golden Visa through property investment. We have a thorough understanding of the program’s requirements and can assist clients in finding the right property to meet the minimum investment requirement.
