Spain remains one of the most attractive destinations in Europe for investors, entrepreneurs, and professionals looking to establish residence within the European Union.
Through the Entrepreneurs’ Law (Law 14/2013), the Spanish government created a special residence permit for non-EU investors, known as the Golden Visa, which also allows work authorization under certain conditions.
At Frau Legal, we assist clients throughout the entire process — from the investment strategy to residence applications and renewals — ensuring full legal compliance in Mallorca, Ibiza, and across Spain.
1. What is the Residence Permit for Non-EU Investors?
This permit is designed for non-EU nationals who make a significant investment in Spain and wish to live, work, and move freely within the Schengen Area.
It grants both residence and work authorization for the investor and, in most cases, for their family members.
2. Eligible investment types
To qualify for the Golden Visa, the applicant must meet at least one of the following investment criteria:
- Real estate investment of €500,000 or more, free of liens or mortgages.
- Business project in Spain that generates jobs, contributes to technological or scientific innovation, or has a significant socioeconomic impact.
- Public debt investment of €2 million or more.
- Spanish company shares or deposits worth at least €1 million.
Applicants must also prove sufficient financial means, valid health insurance, and a clean criminal record.
3. Does the Golden Visa include work authorization?
Yes. Since the 2013 reform, residence permits for investors automatically include work authorization.
This means that investors and their dependents (spouses and adult children under 21, or dependent parents) can live and work legally anywhere in Spain, without needing an additional work permit.
The initial authorization is valid for two years, renewable for five-year periods, as long as the investment and other legal requirements remain in force.
4. Tax and residency implications
Although the residence permit allows you to live in Spain, it does not automatically make you a tax resident.
You will only be considered a Spanish tax resident if you spend more than 183 days per year in the country or if your main economic interests are located here.
Frau Legal provides comprehensive advice to help investors optimize their tax situation and comply with all obligations, including Wealth Tax, Form 720, and Non-Resident Income Tax (IRNR).
📘 See also: Form 720 – Declaration of Assets Abroad
5. How to apply for the investor residence permit
Applications can be submitted either:
- At the Spanish Consulate in your country of origin, or
- In Spain, if you already hold a valid visa or stay authorization.
The main steps include:
- Providing documentation proving the qualifying investment.
- Submitting health insurance, financial proof, and criminal record certificates.
- Obtaining the Foreign Identity Card (TIE) once approved.
Processing times are usually fast — the authorities must issue a decision within 20 business days after application.
6. Why work with a specialized immigration lawyer
Navigating Spanish immigration law as a non-EU investor can be complex. At Frau Legal, we offer:
- Full legal guidance on investment structures.
- Preparation and submission of residence and work applications.
- Coordination with notaries, banks, and Spanish authorities.
- Multilingual legal support for seamless communication.
💼 Learn more about our Immigration and Residence Services or contact us directly to begin your application in Mallorca or Ibiza.
