Golden Visa Spain — Spanish Property Glossary

The Spanish Golden Visa programme grants residency permits to non-EU nationals who make a significant investment in Spain. The most common route is purchasing real estate worth 500,000 EUR or more. The investment must be free of any mortgage or charge up to the 500,000 EUR threshold (though you can borrow above that amount). The visa grants the holder the right to live and work in Spain and travel freely within the Schengen zone. It is initially valid for two years and can be renewed for five-year periods, provided the investment is maintained. There is no minimum stay requirement to maintain the visa, making it attractive for investors who do not plan to live full-time in Spain. Family members (spouse, dependent children, and dependent parents) can also obtain residency under the same application. The programme has been subject to political debate regarding its impact on housing markets, and changes or termination are possible in the future. To apply, you need to show proof of the investment, a clean criminal record, health insurance, and sufficient financial means. Processing typically takes 20 to 60 days. The Golden Visa does not automatically make you a tax resident; that depends on your actual days spent in Spain.