Buy International Travel Insurance Online

Premium Starting ₹225 only*

Geography
Country

{{country}} highlight_off

Popular Countries

{{country}}

Start Date

End Date

Please select your leaving date

Please select your return date

24x7

Missed Call Facility

Zero

Deductible

Adventure

Activities Covered

Terms and conditions apply*

Spainish Golden Visa: Eligibility, Online Application Procedure & Documentation

What is it that comes to your mind when you hear ‘Spain’? Is it the mouth-watering español cuisine or the scenic views of cathedrals, or the famous festival of La Tomatina? Well, whichever it is, getting a Spanish Golden Visa can get you more than just a temporary taste of these and many other things. You will get to learn why and how you need to acquire the Golden Visa and how it can be beneficial for you.

What Is a Golden Visa in Spain ?

Spanish Golden Visa, also known as the Investor Visa, is among the most successful residency-by-investment visa programs, which has been availed by over 6,000 applicants and has brought in more than € 3 billion since it was introduced in 2013. This program permits applicants to migrate, live, study and work in Spain and the Schengen countries like any other EU citizen by making a certain investment. To know more about the investment types, criteria and eligibility, keep reading further.

What Are the Requirements for Indians to Be Eligible for Spanish Golden Visa?

Getting an Investor Visa will open a plethora of opportunities for you and your family. To be eligible for the same, one has to meet the following set of standards:

Individuals must have zero criminal records.
Applicants should be of or above 18 years of age.
An individual should have a professional health certificate and credible medical health insurance.
Individuals must be in possession of sufficient funds to support living in Spain.
Applicant must not have faced any refusal for Visa or entry into the Schengen area in the past.
An individual should make a sound investment from the available options and have the proof supporting the same.
Only spouses, children below the age of 18 and dependent family members are eligible for the Golden Visa.
To be eligible for permanent residency after five years, one cannot spend more than 11 months outside within those five years.

Now that you know what the eligibility criteria for obtaining a Spanish Golden Visa are, let’s proceed to its application process.

What Types of Investments Qualify for the Spanish Golden Visa?

As it has already been discussed before, you have to make a significant investment to get an Investor Visa. Following are the investment options available for you:

Make an investment of € 2,000,000 in government bonds.
Purchase one or multiple real estate properties worth € 500,000.
Make a deposit of at least € 1,000,000 in a bank account.
Contribute a minimum of € 1,000,000 to Spanish businesses.
Open a business in Spain and provide employment which has a significant socio-economic effect in the field of technological or scientific invention.

How to Apply for a Spanish Golden Visa ?

Obtaining a Spanish Golden Visa can take quite some time and a whole lot of paperwork. Deciding on your investment option and understanding the legal procedures is essential to applying for your Investor Visa.

You need to go through the following stages to successfully obtain the Golden Visa:

Step 1: Choose Your Investment Option

Among the multiple options available for the investors to choose from, you have to fix your mind on the one which will work out the best for you.

Step 2: Investment & Paperwork

You need to make the investment and get all the documents legalised and translated into Spanish. It is recommended that you get professional help for doing so as there is a lot of paperwork involved which can get hectic for you to do it all by yourself.

Step 3: Document Submission

After finishing up with the paperwork, crosscheck and submit them to the Spanish Consulate. Next, you have to pay the government fee and collect a receipt of the same.

Step 4: Interview & Biometrics

After successful submission and verification of documents, you will get your confirmed interview slot. On that date, you have to visit Spain, pay the Government permit fee and give your biometrics.

Step 5: NIE & Bank Account

You should obtain your NIE or the Foreigner's Tax Identification Number and open a bank account to make transactions. Obtaining this beforehand will make your application process faster and smoother.

Step 6: Golden Visa Received

Upon successful execution of the above-mentioned steps, you will receive your Golden Visa, which is valid for two years and renewable every five years.

Step 7: Permanent Residency

If you reside in Spain for five consecutive years, you can apply for permanent residency in Spain. And after 10 years, you can apply for Citizenship status provided that you live at least 6 months annually in Spain.

What Are the Documents Required to Apply for a Spanish Golden Visa?

You need to submit the following documents along with the application form to support your appeal:

Spanish long stay visa application form
Valid passport which must have been issued within the past 10 years
Proof of the citizenship of the native country
Two passport-size photographs
Police clearance certificate which should not be older than the 90 days at the time of application
Latest bank account details or any other document as proof that you have sufficient funds to support yourself and your family while in Spain
Medical insurance issued and purchased from a valid Spanish provider
A medical certificate declaring you do not suffer from an illness which can cause a public threat
Proof of investment you made from the available options.

What Is the Fees for a Golden Visa in Spain?

Following are the charges and fees you will have to bear to get the Golden Visa:

Visa fee - € 133.92
Legal procedure for a family of four - € 9,000 and renewal charges € 2,500 each time.

What Is the Validity Period of a Spanish Golden Visa?

The residence certificate issued at the time of Visa is valid for one year, which is renewable every two years.

You can apply for permanent residency after five years, provided that you didn't spend more than 11 months outside of Spain in five years.

You can apply for Citizenship and a passport after residing in Spain for 10 years.

What Are the Benefits of a Spanish Golden Visa?

Following are the benefits you and your family members will enjoy under the Spanish Golden Visa Program:

Applicants and family members or dependants will get permanent residency after residing for five years.
An individual will get a Residence Permit along with their family to live, study and work in Spain.
An applicant is eligible to apply for Spanish Citizenship after residing for ten years.
Individual and family members can avail of facilities of the Spanish healthcare and education system.
They can travel to the Schengen area without a visa for up to 90 days within 180 days of the duration.

What Are the Tax Implications of Spanish Golden Visa?

If you are applying for the Investor Visa, you should know the following tax implications in advance:

There will only be tax consideration on the worldwide income of the investors if they live in Spain for more than 183 days out of 365 days.
For the non-residents, income earned from the country, like rental income, is taxed at 24.75%. This can further be reduced with the expenses.
Capital gains exceeding € 50,000 is taxed anywhere between 24% to 27%. Income earned from the sale of a property is also considered capital gain and is taxable under the same head. These are eligible for allowances and deductions.
There will be annual property taxes for any property ranging between € 200 – € 400 payable to the local authority.

With all this information, this piece on the Spanish Golden Visa comes to an end. Several Indians go to Spain to reside in that country. Having a detailed knowledge of the application process, document requirements, and other information mentioned in this piece will help interested individuals make informed decisions regarding the same.

Frequently Asked Questions

✓ Under what circumstance can I lose the Residence Permit?

If you fail to maintain the investment you have made, then you will lose the Spanish Golden Visa Residence Permit.

✓ Which nationals get fast-track access to Spanish Golden Visa?

Nationals from the former Spanish colony countries get fast-track access to Golden Visa. These countries are Colombia, Costa Rica, Argentina, Bolivia, Chile, Cuba, Ecuador, Dominican Republic, El Salvador, Honduras, Guatemala, Panama, Mexico, Peru, Paraguay, Venezuela and the Philippines.

✓ What is the NIE number?

To obtain the Spanish Golden Visa, you need to get your NIE or Número de Identificación de Extranjero which is the Foreigner’s Identification Number. If you are a professional or have a financial affair in Spain, you need this number for various purposes such as taxation, banking and real estate business.

✓ Is there any minimum stay requirement for a Spanish Golden Visa?

The best part of the Spanish Golden Visa is that there is no minimum stay requirement to maintain your Visa. You just need to visit the country once a year to keep your permit.

Normal Visa	Urgent Visa	Super Urgent Visa
₹ 5,500 approximately (1 applicant)	Additional ₹ 6,300 approximately	Additional ₹ 7,900 approximately
₹ 5,300 approximately (2 applicants)
₹ 5,200 approximately (3-5 applicants)
₹ 4,500 approximately (6-9 applicants)
₹ 4,400 approximately (10+ applicants)

What Is the Government Fee for an Indian Visa?

Apart from the service fees, applicants also need to pay e-visa government fees. However, the Indian visa charges of the government are different from one country to another. For example, while for some it is exempted, some has to pay ₹ 2,000, ₹ 4,000 or ₹ 6,000 approximately. Know about which category you fall into under the following subheadings.

What Are the Different Government Fee Categories for Different Countries?

Fee Exemption

While paying the Indian visa fees, applicants from the following nationalities are not required to pay any government fees. Instead, they can only pay the processing and service fees.

Cook Islands	Mauritius	South Africa
Argentina	Marshall Islands	Tuvalu
Palau	Fiji	Papua New Guinea
Nauru	Samoa	Vanuatu
Micronesia	Seychelles	Kiribati
Niue Island	Jamaica	Uruguay
Solomon Islands

Government Fee of ₹ 2,000

The government of India charges government e-visa fees of $25 from people of the following nationalities.

Singapore	Sri Lanka
Japan

Government Fee of ₹ 4,000

The government might charge Indian e-visa fees of $50 from people applying from the following countries.

Albania	Cape Verde	Gabon
Latvia	Lesotho	Liberia
Norway	Oman	Swaziland
Palestine	Switzerland	Sweden
Liechtenstein	Panama	Taiwan
Cayman Island	Chile	Gambia
Angola	Andorra	Georgia
Anguilla	China	Germany
Antigua & Barbuda	Colombia	Ghana
Lithuania	China-Macau	Tajikistan
Paraguay	Peru	Tanzania
Armenia	Luxembourg	Greece
Austria	Poland	Guatemala
Costa Rica	Guinea	Croatia
Malawi	Turks And Caicos	Trinidad And Tobago
Azerbaijan	Malaysia	Portugal
Romania	Cuba	Macedonia
Malta	Uganda	United Arab Emirates
Bahamas	Guyana	Mali
Bolivia	Saint Vincent and the Grenadines	Iceland
Djibouti	Vietnam	Czech Republic
Monaco	Honduras	Belgium
Mexico	Denmark	Uzbekistan
Rwanda	Hungary	Moldova
Belize	Saint Lucia	Dominican Republic
Venezuela	Ireland	Senegal
Botswana	Zimbabwe	Dominica
Montenegro	Indonesia	San Marino
Bosnia & Herzegovina	Mongolia	Israel
Zambia	Brazil	Ecuador
East Timor	Italy	El Salvador
Brunei	Cote D'Ivoire	Eritrea
Bulgaria	Jordan	Estonia
Burundi	Kenya	Cambodia
Finland	Republic of Korea	Canada
Cameroon	Myanmar	Serbia
Montserrat	France	Netherlands
Namibia	Sierra Leone	Slovakia
New Zealand	Slovenia	Nicaragua
Saint Kitts and Nevis	Spain	New Zealand
Niger Republic	Nicaragua	Suriname

Government Fee of ₹ 6,000

The government of India charges an Indian visa application fee of $75 from the applicants of the following nationalities.

Russian	UK
Ukraine	Mozambique
USA

Individuals must have proper knowledge of fee payment for an Indian visa since they must pay this amount while applying for an Indian visa. The fees they pay with the application form include both the visa service fee and the Indian Government fee. The service fee that you pay is for processing your application. On the other hand, the e-visa government fee is for the Indian Immigration Department.

Thus, as this article observed, there are different fees for an Indian visa. If you are an applicant trying to obtain an Indian visa for work or other purposes, you need to know these different fees ranges. The government can reject your visa application if you fail to submit the applicable fees.

Frequently Asked Questions

✓ How long does it take for the Indian government to process regular visas?

Unlike e-visas, a regular visa takes a longer processing time. Usually, it takes about 2-3 weeks. However, the government can process a regular tourist visa faster in about a week.

✓ How long can I stay in India on a visa?

Indian business and tourist e-visas are usually valid for about a year. After that, however, the owners of the visas can apply for an extension. The immigration experts approve the extension request only if they can show proper evidence proving their reasons to stay.

✓ Can a traveller check their status of ESTA?

Yes, a citizen can check their status of ESTA on the official portal of CBP or U.S. Customs and Border Protection.

Important Articles about Visa Processes

Important Reasons for Visa Rejection and Refusal

F1 Visa Interview Questions & Answers

H4 Visa Interview Questions and Answers

H1B Visa Interview Questions & Answers

How to Check UAE Visa Application Status

Schengen Visa Interview Questions & Answers

How to Check UK Visa Application Status

Difference Between PIO and OCI Explained

L2 Visa Interview Questions and Answers

US B1/B2 Visa Interview Questions

L1 Visa Interview Questions and Answers

J1 Visa: Eligibility Criteria, Types & Application Process

How to Apply for an H-1B Visa?

How to Get Visa for Saudi Arabia from India?

What is Diplomatic Visa?

Difference between Immigrant and non Immigrant Visa

Student Visa detailed guide

What are the Types of US Visas?

Detailed Guide about L2 visa

What is L1 visa? and it's types

Types of Schengen Visa?

What are the types of UK Visa?

How to Verify a Visa Online? (VEVO)

What is UAE Golden Visa?

Visa Requirements for Indian Citizens

All about Qatar Visa

Visa Waiver Program

Indian Visa Fees and Charges

How to apply for Spain Golden Visa?

Golden Visa Application Process

How to get the German Golden Visa?

Everything about European Golden Visa

Portugal Golden Visa & It's Benifits

Greece Golden Visa program

How to apply for Malta Golden Visa?

Disclaimer -

Your policy is subjected to terms and conditions mentioned in your policy schedule and policy wording. Please go through the documents carefully.

The information mentioned here about the countries, visa fees and others is taken from different sources. Digit Insurance is not promoting or recommending anything here. Please verify the same before you book your tickets, apply for a visa, buy a travel policy or make any other decision.

Download International Travel Insurance Policy Wordings

Click here for Policy wordings

View Instant Premium

Switch to Digit Insurance

Get our app

Other Products

Health Insurance Guides

Car Insurance Guides

Bike Insurance Guides

Other Guides

Calculators

Finance Guides

Traffic Rules

Business Products

RTO Offices in India

Important Links

Car Brands & Models

CIN: U66010PN2016PLC167410, IRDAI Reg. No. 158.

Go Digit General Insurance Limited (formerly known as Oben General Insurance Ltd.) - Registered Office Address - 1 to 6 floors, Ananta One (AR One), Pride Hotel Lane, Narveer Tanaji Wadi, City Survey No.1579, Shivaji Nagar, Pune-411005, Maharashtra | Corporate Office Address - Atlantis, 95, 4th B Cross Road, Koramangala Industrial Layout, 5th Block, Bengaluru-560095, Karnataka | Trade logo of Go Digit General Insurance Ltd. displayed above belongs to Go Digit lnfoworks Services Private Limited and is provided and used by Go Digit General Insurance Ltd. under license.