• All third country nationals (non-EU or Schengen Area citizens).

• Family members of the foreign citizen investor: spouse, minor or adult dependents, and dependent ascendants.

• Right of free access to the countries of the EU and the Schengen Area, without the need for a visa.

• Right to reside, work and study in Spain together with family members.

• Initial validity of two years and renewal of  ve years.

• Maintenance of residence without obligation to remain in Spanish territory.

• Right to apply for Spanish nationality by residence.

• Possibility to carry out the investment personally or through a company.

• Invest in any of the forms provided for in Law 14/2013 of September 27th, on support for entrepreneurs and their internationalization: real estate, bank deposits in Spanish financial institutions, shares in companies, public debt bonds or investment funds.

• Not being a EU, EEA, Switzerland citizen or a family member of citizens of these countries to whom the EU regime applies.

• Not be irregularly present in Spanish territory.

• Not have a criminal record in Spain or in the countries where he/she has previously been a legal resident.

• Not to be banned from entering Spain and not to be figured as inadmissible in the Member States of the Schengen Area.

• Have sufficient financial means to cover the costs of their own stay and return and those of their family members.

• Have a health insurance policy recognized in Spain for the period of residence.

Any of the following investments is required:

In the case of real estate:

• It can be one or several properties that together amount to €500,000.00.

• A joint purchase (between several owners) is permitted, provided that each owner can prove the minimum investment. In case of spouses, one of them can be the investor and the other will apply as a relative of the investor.

• The required minimum investment must be free of liens and encumbrances.

• The investment can be made through a Spanish company or even a foreign company, provided that control over is demonstrated.

Unlike other residence permits, in order to obtain and renew the right to reside under a Golden Visa, there is no minimum period of residence required during each year of residence.

Due to the lack of a continuous residence requirement to maintain and renew the permit, a Golden Visa resident may not be required to be a tax resident in Spain as well, as long as he/she does not stay more than 183 days each year (including sporadic absences) or meets other tax residence criteria.

For the purposes of renewal, the investment must be maintained under the initial conditions.

In this way, the holder can maintain his permanent place of residence outside Spain without losing the privileges of the Golden Visa.

The stay in Spanish territory with a legal residence permit entitles the holder to apply for Spanish nationality on the grounds of habitual residence.

If the holder of the residence permit is a national of Argentina, Bolivia, Brazil, Colombia, Costa Rica, Chile, Cuba, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Puerto Rico, Dominican

Republic, Uruguay, Venezuela, or of Andorra, Philippines, Equatorial Guinea, Portugal or of Sephardic origin, he/she will have the right to apply for nationality after two years, provided that he/she has resided in Spain during that time continuously (staying for most of the days of the year).

The process would conclude with the granting of citizenship, passport and ID card.

Each family member may independently opt for his or her own application for nationality by residence.

Where to start the procedure

The application can be made entirely online during the investor’s stay in Spain as a tourist. As the resolution time is only 20 days, the foreigner and his/her family may reside in Spain immediately, once the application has been resolved favorably.

They may also choose to make the application from outside Spain, at the Spanish consulate corresponding to their place of residence.

Deadlines for resolution

The resolution period determined by the Entrepreneurs Law is 20 working days.

Validity

The initial validity of the residence permit is three years, provided that the procedure is initiated from Spain, with successive renewals of five years.

In the case of applying for the investor visa from the Consulate of the country of residence, the initial validity is for one year, with renewal by means of a residence permit for two years and then for five years.

• Fiscal planning: determine the risk of taxation due to possible displacement of investors.

• Legal advice on the investment operation: negotiation with sellers, purchase of the property, coordination with the main banking institutions in Spain.

• Advice on the financing of the operation.

• Support in the preparation of files to approve bank compliance requirements for the entry of foreign funds.

• Evaluation of the tax advantages of investing in a specific Autonomous Community.