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The Spanish Golden Visa scheme, which offers a limited form of residency, and a long-term path to citizenship in return for certain types of investment, including an investment of €500,000 in Spanish real estate, was introduced by the current Government in 2013 to attract foreign capital to Spain, and stimulate demand for property after the crash.
According to Spanish Property Insight figures, in the first 15 months of its existence, the Spanish Golden Visa scheme attracted just 530 investors, of which 490 were property investors, mainly Russian, Chinese and Arabs.
These numbers are well below other schemes in countries like Portugal and Hungary. Portugal has attracted around 2,200 foreign investors from outside the EU since the scheme was introduced in 2012, and Hungary attracted several thousand Chinese investors in a couple of months last year, according to trade sources.
The failure of the Spanish Golden Visa scheme to attract foreign investors in significant numbers recently prompted the Government to tweak the regulations to make the scheme more attractive.
There are four types of Golden Visa:
- Investor Visa
- Entrepreneur Visa
- Highly Qualified Professional Visa
- Expat Visa
Below link is an overview from the Law firm Gomes-Acebo & Pombo on how to qualify for each visa updated with the latest government amendments introduced in July of this year.
Spanish Golden Visa 2015
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Galleon Property Search Ltd. Buying agent specialised in the search and acquisition of properties in Spain for private individuals and property investors. Spanish property | Mallorca property | Ibiza property | Marbella property | Valencia property | Murcia property | Almeria property