Golden visa: Spain

The golden visa is a good opportunity to obtain a residence permit for those people who want to buy real estate in Spain. Let's consider what is meant by this term. On September 27, 2013, the country's government adopted a regulatory act designed to stimulate wealthy people to invest in the state's economy. Instead, it is suggested to issue a so-called Golden Visa.

How the program developed?

During the first 15 months of the program's existence, it became clear which businessmen are joining it. Most were from the UAE, China and Ukraine. Nevertheless, the country's government noted that this idea does not live up to the expectations placed on it. So it had to be adjusted so that it was in greater demand. Today, among the advantages of such a visa are the following:

• Together with the applicant, a husband and wife, minor children, common-law husband or wife, as well as adult children dependent on the applicant can apply for it.
• The deadline for submitting documents for a visa is now much longer. This is a year after the conclusion of the agreement on the purchase of real estate, and not 2 months, as it was before.
• Not only those who already own real estate in Spain can get a visa, but also those who have only signed a preliminary agreement regarding the purchase and sale.
• A golden visa gives the right not only to live, but also to work in Spain.
• If the applicant does not withdraw his investment, he will be able to extend the residence permit. It is extended for a period of five years, and you can do this many times or submit documents for obtaining Spanish citizenship.

Thus, the current conditions are quite favorable. Investors now do not have to leave the territory of Spain after purchasing a property. They can immediately issue a residence permit. Among the good changes, it is significant that there is no longer an obligation to stay in the country for a certain number of days per year in order to apply for permanent residence. It is enough to cross the country's border once in 12 months. So, with all that said, the benefits of this visa attract a large number of people who want to buy real estate in Spain.

Among Ukrainians, such a visa was in demand even before. And now, when many are considering the options of a calm and favorable country for life, to take a break from air alarms and other realities of war, the residence permit in Spain is even more relevant. A golden visa becomes a good option for obtaining it.

How can we be useful?

The team of the Prikhodko&Partners law office regularly works with client inquiries related to migration law. We know what to recommend in each specific case when a client is looking for opportunities to apply for a visa and subsequent residence permit in another country. In particular, it is Spain that often becomes a choice for moving. This country is distinguished by good business opportunities, favorable climate, rich history, beautiful landscapes and numerous architectural monuments.

Our team can help you not only with consultation, but also with full legal support for the procedure of obtaining a golden visa to Spain. We will tell you all the necessary nuances and ensure high-quality interaction with all competent authorities.