What is the Spanish golden visa?

Spain Golden Visa is a residency by investment program which offers investors residency in Spain in return for an investment. It's not a direct route to citizenship. However, if you get your Golden Visa and decide to live in Spain, you might be eligible for citizenship after 10 years.



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One of the cons for Spain's Golden Visa, is that it holds a highest entry threshold for investors. The minimum investment amount is $500,000, compared to other countries such as Portugal, which is $280,000 or Cyprus which is $300,000.

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Suppose you are considering gaining European Union citizenship. In that case, Portugal offers the quickest route, whereby you can apply for permanent residence and citizenship after maintaining your residency in the country for five years. For Spain, it takes ten years to be eligible to apply for citizenship.

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In calculating the proof of income for non-lucrative residency, you must have an annual income of 400% of IPREM in your bank account. The IPREM for 2023 is €600 per month. Therefore, as an individual, you will need to have €2,400 as a regular guaranteed monthly income or a yearly income of €28,800.

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