Global Residence Index Insights: Advantages of Spain’s Golden Visa

When you think of choosing a country for a Golden Visa, Spain usually comes in the top four names. The reason behind this popularity is a stable economy, attractive business ventures, world-class tourism, a good quality of life, and many other attractions the country offers.

Spain Golden Visa is a residence program for non-EU individuals who can acquire the country’s citizenship by making investments in the platforms specified by the government here.

This program allows foreign investors to reside, study, and work in Spain and can even apply for permanent residency here. After spending five years of temporary residence, you become eligible for permanent residency. And after spending ten years of permanent residency, you become eligible for permanent citizenship.

Though the program is a straightforward process, it involves many intricacies. Thus, getting assistance from consulting firms, such as the Global Residence Index, is highly advisable.

What are the Benefits of Spain’s Golden Visa Program?

Spain’s Golden Visa has immense benefits for investors who are seeking impressive investment options. People coming from former colonies have a great chance of citizenship as well.

Former colonies mean countries or places that used to be ruled by a colonial government but are not ruled by a colonial government now, for example, Nigeria, Kenya, Greenland, Iceland, México, etc. Interestingly, Spain’s golden visa can lead to citizenship after only 2 years for nationals of former colonies.

Let us walk through some of the critical benefits of Spain’s Golden Visa program, making it stand out from the crowd.

Access to Residency

People participating in this Golden Visa program, along with their families, can easily access the residency program in Spain. This residency program allows people to stay, get an education, and work here in Spain. In addition, such investors get easy access to citizenship in Spain, which has more benefits for them.

Traveling Benefits

Another benefit of acquiring Spain’s Golden Visa is access to visa-free travel to the EU and Schengen area. The Schengen area includes countries such as Belgium, Austria, Denmark, Germany, France, Greece, and many more.

When you get a Spanish Golden Visa, you need not get an additional visa to travel to the Schengen area. The Golden Visa allows you to travel to these nations along with your families and even for business purposes.

Access to Spain’s Pension Plans

Spain’s pension plans are renowned worldwide for being highly flexible and financially beneficial for retirees. Also, Spain’s financial sector offers ample retirement plans to cater to every kind of individual. Thus, after acquiring Spain’s Golden Visa, foreign investors can easily select a retirement plan as per their needs and requirements.

In addition, Spain is a quiet place with a low crime rate, making it a safe haven for people seeking a serene environment after retirement, not to forget Spain’s natural beauty.

No Need to Stay in Spain

Another benefit of acquiring Spain’s Golden Visa is that you are not required to stay in Spain for its renewal or even for a new application. This comes as a benefit for people who already have commitments in their home country and cannot spend any additional time in another country.

Also, such flexibility to not stay in Spain makes it charming for people who have to travel continuously for business ventures.

Family Inclusion

Spain’s Golden Visa also allows investors to include their close family members in the application. This implies that by spending some additional money, investors can get their family members included in the application and get them the benefits of the program as well.

Spain’s Golden Visa program allows investors to include family members such as spouses, children who are below 18 years of age and dependent on the investors, and dependent parents. However, for dependent parents, investors may have to submit additional documents and affidavits.

Access to Good Quality Healthcare

The Spanish healthcare system is renowned for being updated and high-class, and many people travel to the country to get its benefits. However, people who acquire Spain’s Golden Visa get direct access to the country’s perfect healthcare system, which comes as a huge benefit for them.

Access to Good Quality Education

Spain’s Golden Visa also gives access to the country’s good quality education. Also, the country has ample good schools and colleges to choose from, which makes it a perfect platform for getting a good education. In fact, one of the motives behind investors selecting Spain’s Golden Visa program is getting access to its education system for their kids.

Fast Application Processing

Spain’s Golden Visa program has a faster processing time than other countries. In fact, you can acquire a residency permit within 60 days of submitting your application.

This makes it easier and more comfortable for people seeking residency in Spain who want to save time on the Golden Visa process.

A ‘Safe Haven’ in Spain

Spain’s Golden Visa program offers a ‘safe-haven’ for investors who face problems such as civil wars, high crime rates, political and social instabilities, and financial issues. These investors get an option to move to Spain any time of the year whenever they face any issues in their home country.

Final Words

Spain is definitely a beautiful location endowed with world-class beaches, rich cultural heritage, delicious cuisines, and a serene environment. In addition, its strong economy makes it a perfect candidate for being on the top of the list of countries offering Golden Visa.

Thus, many investors worldwide want to go for Spain’s Golden Visa as compared to other countries and come to consulting firms such as the Global Residence Index for assistance. Happy acquiring Spain’s Golden Visa!