According to the Law 14/2013, of 27 September, to support entrepreneurs and their internationalisation, British nationals who make a significant investment in Spain can benefit from the residence regime for investors by submitting the official application form in person or through a representative.
However, such investment must comply with the minimum amounts required:
In this regard, it should be noted that residence applications for investment in financial assets must be submitted no later than one year after the investment was made. Although there is no time limit for the submission of visas for real estate investment, the investment must have been made after September 2013.
The place of submission of the application will depend on:
The documentation to be submitted is as follows:
Once residence has been granted, visas will be valid for 1 year and initial authorisations for 2 years. Renewals, on the other hand, will last 5 years and will not require proof of effective residence in Spain.
The investor's family members who may apply, jointly or successively, for the visa or authorisation may be:
Some of the main advantages of the Golden Visa include:
The investor and his relatives are not obliged to live in Spain to maintain and renew the residency.
When the legal requirements to apply for the Golden Visa are not fulfilled, it is possible to apply for a non-lucrative residence permit, providing proof of sufficient financial means to support oneself and without requiring any additional investment. This permit will have a duration of 1 year and will be renewable for periods of 2 years until reaching 5 years of legal and continuous residence in Spain, moment in which the applicant will be able to apply for a long-term residence.
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