Bank Deposit Investment
On May 24th 2013 the Spanish Government has approved a bill creating a new kind of visa and residence permit for investors. This new type of visa and residence permit for investors known as the Golden Visa.
The investment has to be made in any of the capital investment.
1 MILLION EUROS
BANK DEPOSITS OF SPANISH FINANCIAL ENTITIES
Residency Visas for Capital Investors:
A significant capital investment is understood as an initial investment with a value equal to or greater than 2 million Euros in Spanish government bonds issued or a value equal to or superior to 1 million Euros of shares in Spanish companies or deposits into Spanish financial institutions.
Besides the general requirements established, the applicant must have proof of the investment of the minimum amount required over a period not exceeding 60 days preceding the filing of the application in the following manner:
- In the case of an investment in unlisted shares or company shares a copy of the statement of investment made in the Registrar of Foreign Investments of the Ministry of Economy and Competitiveness must be presented.
- In the case of an investment in listed shares, a certificate of a financial intermediary, duly registered with the National Commission of the Stock Market or the Bank of Spain, which states that the person has made the investment according to the standard rules.
- In the case of an investment in government bonds, a certificate of the financial institute or the Bank of Spain has to be presented which indicates that the applicant is the sole owner of the investment for a period equal to or greater than 5 years.
- In the case of a bank deposit investment, a certificate from the financial institution must be presented which states that the applicant is the sole owner of the bank deposit.
Through this process you can get Golden Visa and use its benefits.
Benefits of a Golden Visa:
– A new type of visa which allows you to enter and stay in Spain for a period of 1 year, increasing the usual period of 90 days for non-resident.
– Allows to circulate freely and without restrictions along the “Schengen” area (Spain, France, Germany, Austria, Belgium, Denmark, Estonia, Finland, Greece, Hungary, Iceland, Italy, Latvia, Lithuania, Czech Republic, Liechtenstein, Luxemburg, Malta, Netherlands, Norway, Poland, Portugal, Slovenia, Slovakia, Sweden and Switzerland).
– A new type of residence permit, which can be requested at the end of the visa, and which is valid for two years’ renewable for a period of two years more.
– Does not entail a minimum period of residence in Spain of 183 days for its renovation (the beneficiary can keep his tax address out of Spain).
– Together with the investor, his spouse, children under 18 years or dependent adults due to health reasons can request the visa.