Spain offers one of the most advantageous residence-by-investment programs in Europe — a legal framework that attracts professionals, entrepreneurs, and investors worldwide.
Through Law 14/2013, of 27 September, supporting entrepreneurs and their internationalization, non-EU nationals can obtain a residence permit in Spain by making a qualifying investment, popularly known as the Golden Visa.
At Frau Legal, our immigration lawyers in Mallorca and Ibiza guide investors through every step of this process — ensuring that the investment, documentation, and legal compliance are handled seamlessly.
1. Who can apply for a residence permit by investment?
This program is designed for non-EU citizens who make a significant capital investment in Spain and wish to reside, work, and move freely within the Schengen Area.
Eligible applicants include:
- The main investor, and
- Their immediate family members (spouse or partner, dependent children, and parents).
2. Types of qualifying investments
To apply for a residence permit, the investment must meet one of the following thresholds:
- €500,000 or more in Spanish real estate, free of liens.
- €1 million in shares or deposits in Spanish companies or financial institutions.
- €2 million in Spanish public debt instruments.
- A business project that creates employment, contributes to innovation, or has significant socioeconomic impact in Spain.
The investment must be proven through certified documentation such as deeds, financial statements, or bank certificates.
3. Application process and documentation
Applications can be filed either at:
- The Spanish Consulate in the applicant’s country of residence, or
- The Large Companies and Strategic Groups Unit (UGE-CE) in Spain.
The main documentation includes:
- Passport and proof of legal entry into Spain.
- Proof of qualifying investment.
- Health insurance valid in Spain.
- Proof of sufficient financial means.
- Criminal record certificate (valid for 90 days).
- Application form and administrative fees.
Once approved, applicants must apply for their Foreigner Identity Card (TIE) within 30 days of arrival in Spain.
4. Duration and renewal
The initial residence permit is valid for two years, renewable for five-year periods, provided the investment is maintained.
After five consecutive years of legal residence, the investor may apply for permanent residency, and eventually Spanish citizenship, under certain conditions.
5. Tax and legal considerations
Although residence permits allow investors to live in Spain, they do not automatically imply tax residency.
An investor becomes a Spanish tax resident only if:
- They spend more than 183 days per year in Spain, or
- Their main economic interests are located in the country.
Our legal team at Frau Legal provides tailored tax planning and compliance services for investors — including Non-Resident Income Tax (IRNR), Wealth Tax, and Form 720 declaration.
📘 Related: Form 720 – Declaration of Assets Abroad
6. Why apply with legal assistance
The application process requires coordination between multiple authorities, notaries, and financial institutions.
Working with an experienced immigration lawyer ensures:
- Accurate preparation of documentation.
- Timely filing and approval.
- Legal security for your investment and residence status.
💼 Learn more about our Immigration and Residence Services and contact us for professional advice in Mallorca and Ibiza.
