Did you know that buying a house in Spain allows you to get citizenship? This option is highly advantageous and is aimed at foreign investors with a high economic profile. Join us to learn how to carry out this process successfully.
Without a doubt, there are many ways to obtain Spanish citizenship. Among all of them, the so-called Golden VISA stands out. Invest in Spain with certain requirements is the secret to get it.
Buying a house in Spain does not always entitle you to citizenship!
It is a very common mistake to believe that you can get citizenship simply by buying a house in Spain. In reality, the process to obtain the Golden Visa is much more demanding due to the important privileges that it entails.
So, how to invest in Spain to obtain the Golden visa?
The key for investing in Spain to give access to the Golden Visa is that the value of the property or properties acquired is equal to or greater than € 500,000. In addition, the purchase must be free of charges (eg: mortgage) up to said amount, and may be taxed in what exceeds such minimum investment.
Another requirement for buying a house in Spain to get citizenship is that the acquisition must be formalized in accordance with Spanish law. In other words, the contract of sale must be featured in a notarial public deed and be registered in the Property Registry.
The request to obtain the Golden Visa must be done in person or through an accredited representative with a maximum of 90 days prior to the scheduled date of the trip.
5 advantages of the Golden Visa
- It enables its holder to work and live legally in Spain.
- It is the most durable visa that can be obtained in Spain. In fact, it lasts 1 year (or 6 months if the purchase has not yet been formalized). In addition, it is renewable for 2 more years, being able to request an additional renewal for 5 years. Remember that, after legally residing for 10 years in Spain, you can acquire Spanish nationality.
- Unlike other visas, the Golden Visa does not require the requirement of effective residence in Spain of more than 183 days. It is only necessary to visit Spanish territory once a year.
- It is processed together with the visa of the main applicant’s spouse and children.
- Obtaining Spanish citizenship through Golden Visa provides absolute freedom of movement throughout the Schengen area.
