I’ve noticed more and more discussions about living and settling in Spain on the forums lately. Seeing all the lively conversation, I wanted to contribute something substantial. My family and I have been thoroughly researching the path to Spanish residency by investing in real estate under the [conditions for buying property in Spain], commonly known as the ‘Golden Visa.’ It turns out there are quite a few details involved. I’m sharing my compiled information here, hoping it can be a useful reference for others considering the same path.
Core Requirement: How Much Do You Need to Invest?
The most crucial aspect is the investment amount. The policy requires a real estate investment of at least €500,000 in Spain. This is the net investment amount, meaning any portion covered by a mortgage does not count. For example, if you find a €700,000 property and pay €500,000 of your own funds while taking out a €200,000 loan, this meets the [conditions for buying a house in Spain]. However, if for [property immigration to Spain] you only contribute €400,000 and borrow €300,000, you would not meet the requirement.
What Are the Applicant Requirements?
Besides having the funds, the applicant must also meet some basic criteria. Money alone isn’t enough. I’ve organized the key points into a table for clarity:
| Requirement | Specifics |
|---|
| Age Requirement | The main applicant must be at least 18 years old. |
| Source of Funds | Proof of the legal origin of the investment funds is required. |
| Criminal Record | No criminal record in Spain or in any country of residence during the last 5 years. |
| Health Condition | Must have public or private health insurance in Spain and be free of serious infectious diseases. |
| Entry Record | No record of being denied entry to or deported from Spain or any Schengen country. |
| Financial Stability | In addition to the property investment, proof of sufficient financial means to support oneself in Spain is required. |
These conditions might seem straightforward, but each one requires specific supporting documents, such as bank statements, notarized and legalized criminal record certificates, etc., which can be time-consuming to prepare. The proof of funds’ origin, in particular, is scrutinized closely. It’s highly advisable to consult with a professional beforehand to ensure all your documents are in order. Additionally, accompanying family members can also apply, which is a great advantage for those looking to move with their entire family.
