What is a Golden Visa and How Can it Benefit Me?

There is a law in 2013 that was introduced that supports entrepreneurs which provided very attractive legislation for investors and non-citizens of a member state of the European Union.

This is when the golden visa was introduced and gives the investor and his family the ability to travel around Spain and other member states, avoiding the time-consuming process of applying for many visas for each individual person.

So what are the advantages of applying and receiving a Golden Visa you ask?

Ok, so what and why would you want one. In this section, we will dive deep into the reasons behind why a golden visa may open up investment opportunities for you and all the benefits that you would not usually get without the Visa.

If you are thinking of making investments in Spain or buying a property Spain of over €500,000, not only yourself but your entire family benefits from the automatic residency that is given with the golden visa.

Usually, with normal residency rules, they state that you and your family must live in Spain for at least 6 months of the year to be able to keep your resident status, however, the Golden Visa wipes that requirement! Not only that is the Golden Visas provide you with free visa travel to all of the EU Schengen region countries.

So, if you invest in the Spanish economy, you can freely travel in and out of the country and move freely around al other EU countries whilst keeping your residency permanent in Spain.

Of course, there are some small print issues that we can outline here with 1 Click Lawyers are on hand at all times to provide you with support and process your applications for you.

Initially, there is a 2 year Golden Visa Residency, and after that is renewable each year but will last for the length that you own the property in Spain to attain its benefits.

Some of the most beneficial items that the Golden Visa provides you with.

– It allows you to live and work within Spain and the European Union.
– The visa does not require you to reside in Spain for 183 days in order for it to be automatically renewed.
-If another member state within the European Union has signed the Schengen Agreement, you can freely move between these countries
– For the application of the Golden Visa, the applicant doesn’t need to be currently in Spain, however for the subsequent fingerprint scanning appointment, yes the applicant must attend.

We can understand this is a complicated process for many applicants and which is why we recommend working with 1 Click Lawyers who will help you with every step of the way. The fees for processing the Golden Visa are standard from between 1% and 2% of the property price. They come with a complete legal team of experts in many other fields so if you also need their assistance with other matters, I am sure they can assist you speedily and professionally.

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Ashley Macdonald
Ashley has recently joined the FeedsPortal content writing team and brings with her a wealth of journalistic experience, which we believe our readers will find extremely useful.

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