HEALTHPLAN MAGAZINE

Obtaining a Golden Visa in Spain has emerged as a popular choice for many individuals seeking residency in a country with numerous opportunities. Spain, with its enticing lifestyle, vibrant culture, and thriving business landscape, offers a promising destination for those looking to start afresh in a Mediterranean setting.

In this article, we will explore the reasons why applying for a golden visa in Spain is a decision worth considering. From the advantages of residency and seamless travel across Europe to accessing quality education and healthcare, Spain provides a range of benefits that make it an appealing choice. Additionally, the potential for real estate investment and favourable tax conditions further enhance its attractiveness.

Below we will share with you 15 practical advantages of applying for a Spanish Golden Visa and discover how it can open doors to exciting possibilities, enriching your life in ways you may not have imagined.

• Clear and Renewable Rules: A Golden Visa in Spain comes with clear rules, initially granting residency for 2 years, and it can be easily renewed every 5 years. This provides stability and certainty for long-term residency plans. Once you have been a resident for 5 years, you can then apply for permanent residency in Spain.
• Streamlined Application Procedure: Applying for a Golden Visa in Spain involves a streamlined process that eliminates unnecessary administrative red tape. Unlike some other visa applications that can be burdensome and complex, the Golden Visa application simplifies the procedure, making it more efficient and straightforward. This streamlined approach saves you from unnecessary hassles and delays.
• Fast-Tracked Process: Golden Visa applications in Spain receive expedited processing, thanks to their prioritisation over other visa applications. This fast-track approach ensures that Golden Visas are typically granted within a short time frame of just 3 weeks. This swift approval process saves you time and enables you to start enjoying the benefits of residency sooner.
• Residency: Obtaining a golden visa allows you and your immediate family members to reside in Spain,and after maintaining your Golden Visa for a certain period, you may become eligible to apply for Spanish citizenship. This opens up a range of additional benefits, including the ability to vote, access to public services, and enhanced mobility within the EU.
• No Minimum Stay Requirement: Unlike many other visas, a Golden Visa in Spain does not impose a minimum stay requirement allowing you to override the 90/180-day limit for stays in Spain, as well as in the Schengen Area and the EU. Whether you prefer a short visit or year-round residency, the choice is entirely yours. You can spend as little as one day or the entire year in Spain, giving you the flexibility to accommodate your lifestyle and personal preferences.
• Access to Schengen Area and EU: One of the significant advantages of a Golden Visa in Spain is the access it grants you to the Schengen Area and the European Union. With a Golden Visa, you can freely travel within the Schengen Area without the need for additional visas or border checks. This unrestricted mobility allows you to explore and conduct business across various European countries conveniently.
• Access to the Spanish Educational System: With a Golden Visa,your children will have access to Spain's high-quality educational institutions. This ensures that your children will have the best start in life with a top-notch education in Spain.
• Business Opportunities: Spain offers a favourable business environment, with a growing economy and diverse sectors. Having a golden visa opens up opportunities to start a business or invest in existing ventures.
• Lifestyle and Culture: Spain is known for its rich culture, vibrant lifestyle, and diverse traditions. By obtaining a golden visa, you can immerse yourself in the Spanish way of life, enjoy its culinary delights, and explore its historical landmarks.
• Real Estate Investment: The golden visa program in Spain requires an investment in real estate. This presents an opportunity to invest in the Spanish property market, which has shown resilience and potential for appreciation over the years.
• Access to EU Benefits: As a golden visa holder in Spain, you and your family can enjoy the benefits and rights associated with being an EU resident, such as access to social services, employment opportunities, and social security benefits.
• Quality of Life: Spain offers an exceptional quality of life, with a pleasant climate, vibrant culture, beautiful landscapes, and a relaxed lifestyle. From sandy beaches to picturesque countryside, Spain provides a range of options for leisure and recreation, including delicious cuisine.
• Family Reunification: A Golden Visa in Spain also offers the opportunity for family reunification. Your immediate family members, including spouse and children, can be included as dependents in your Golden Visa application, allowing them to reside and enjoy the benefits of Spanish residency along with you.
• Tax Benefits: Spain offers favourable tax conditions for foreign residents, including various tax incentives and exemptions. By obtaining a golden visa and becoming a Spanish resident, you may benefit from advantageous tax regimes, potentially leading to tax savings.
• Real Estate Rental Income: If you choose to invest in rental properties as part of your golden visa requirement, you can generate additional income through rental returns. Spain is a popular tourist destination, and rental properties in sought-after locations can provide a steady stream of rental income. It should be noted the Spanish Government made public in recent weeks its intention of raising the investment cap from €500,000 to €1,000,000 to attain a Golden Visa.