Spain Golden Visa: Requirements, Pros and Cons, Alternatives

Spanish Golden Visa: Immigration and Investment Requirements, Pros and Cons, Cheaper and More Efficient Alternatives.

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Spain Golden Visa
-Requirements, Who Should Get it
-Pros and Cons
-Alternatives

01:10 Spain Golden visa
-What is it? Who Should Consider it? (EU or non-EU citizens)
--The Spanish Golden Visa is for non-EU citizens who want to invest and live in Spain
-Requirements
--Clean criminal record, non-EU citizenship.
-Financial Requirements
-Types of eligible investments
--500k in real estate in Spain (one or various properties)
--1 million euros into a Spanish company (can be listed in stock market or not)
--2 million Spanish government bonds

04:39 Pros and Cons Spanish Golden Visa

04:32 Pros:
-Reside in Spain (2 years, then 5 years). You can bring your immediate family High quality of life, reasonable cost of living.
-You can renew it staying minimally in Spain.
-You can work while in Spain in any activity without a work permit.
-You can actually get the Golden Visa and make of it a profitable investment
-It leads to permanent residency.
-It leads to citizenship.

06:06 Cons:
-It involves a significant investment that could be otherwise invested in other, more profitable business ideas.
-If you stay more than 6 months a year in Spain you will become a tax resident. Taxes in Spain are very high. You don’t need to do it though, to keep renewing the Golden visa.
-The path to citizenship is long: usually 10 years (2 if you are a citizen of a number of countries (mostly in Latin America)
-You have to visit Spain at least once a year to keep it active. You have to keep your investments to be able to renew the visa.

07:26 Alternatives
-Alternatives to the Spanish Golden Visa
--If you want to live in Spain
---Non Lucrative Residence
---Self-Employed Visa

09:16 --If you want to consider other countries
---Portugal (D7 Visa)
---Serbia, Montenegro, Albania
---Andorra

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