golden visa investors have the opportunity to live and enjoy in SpainPosted by shalini on February 1st, 2019 SPAIN: Spain offer golden visa to attract foreign investments, it introduced to issue visas and residency permits for investors from outside of the European Union. With golden visa investors have the opportunity to live in and enjoy Spain for a period of 5 years. Those who hold a Golden Visa can travel freely through the countries of the Schengen Area for a maximum time of 90 days in every 180 days. INVESTMENT DETAILS: For Golden Visa in spain, following types of investments are done:
Acquisition of property above € 500,000 [INR 4,05,88,778.21(1euro=81.18 indian rupee)] 2. Capital Investments: Deposition of amount equal or greater than€ 1,000,000 [INR 81,17,755.64] in Spanish bank. Acquisition of Spanish company shares € 1,000,000 [INR 81,17,755.64] Investment of at least € 2,000,000 [INR 1,62,35,511.28] in Spanish Treasury Bills.
There should be Creation of minimum no. of 10 jobs. GENERAL REQUIREMENTS: The Golden Visa Program maintains a set of general requirements which is applicable to all types of investments mentioned earliar. Investor must not have entered and stayed in Spain illegally. Investor need to be a Non-EU citizen. He/she must be above 18 years. There should be no criminal record from the last 5 years in Spain also in the countries in which he/she have resided. He/she must have a public/private insurance policy which need to be valid in Spain. He/she must prove the sufficient financial means in order to live with his/her family members in Spain. DOCUMENTS REQUIRE FOR GOLDEN VISA: The applicants for the Golden Visa have to submit the following documents:
3. Criminal Record from country of origin or residency (of investor)
5. Declaration from Social Security proving the absence of debts to Social Security Authorities 6. Declaration from the investor confirming fulfillment of the investment requirements. 7. Initial application fees payment receipt. TIME INVOLVED IN PROCESSING: Investor’s visa request will be processed within ten working days. Residency permits will be processed within twenty working days from the request. CRITERIA FOR APPLYING PERMANENT RESIDENCY: The investor and family members will have to meet the following criteria in order to be able to apply for Permanent Residency in spain:
BENEFITS OF SPAIN GOLDEN VISA:
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