Obtaining a golden visa for Spain

Obtaining Spain Golden Visa in 2023

Spain is one of the countries that issues golden visa. This visa allows you to live permanently in Spain through investment. One of the best investment methods in Spain is property purchase. In addition, this visa results in obtaining a passport. Moreover, thanks to this visa, you will enjoy the rights of Spanish citizenship.

What do you know about it?!

Investment methods to obtain a golden visa

There are several ways to obtain a golden visa in Spain, which are as follows:

  • Purchase of a residential property worth at least 500,000 euros (Edenlex offer)
  • Investment in a Spanish company worth at least 1,000,000 euros
  • Purchase of stocks and securities worth at least 2,000,000 euros

Naturally, the best and most common way is a property purchase worth at least 500,000 euros. Apart from residential property, it is also possible to purchase commercial properties via the “property investment” method. We at Edenlex will curate the best offers according to your conditions. For instance, if you plan to live in Spain, apartments and villas are your best option. And if you only intend to invest, we suggest residential and commercial properties. Should you need further information, please fill out the consultation request form at the bottom of this page and we will contact you as soon as possible.

Advantages of the Spanish Golden Visa

Compared to other European countries, Spain is the best option for living owing to the following reasons:

  • Living in a country with a Mediterranean climate
  • Travel to all parts of Europe without the need to obtain a separate visa (Schengen area)
  • Possibility of registering a company and practicing international trade
  • Free educational system for children
  • Gaining a work permit for economic activity in Spain and the European area
  • Access to free Spanish courses
  • Possibility of opening a bank account and receiving a debit card
  • No language certificate required
  • Unrestricted commuting
  • No age limit

The general steps of obtaining the Spanish golden visa

  • Obtaining a criminal record certificate
  • Having a passport with at least one year validity
  • An invitation letter from Edenlex to travel to Spain (property viewing)
  • Receiving the NIE code from the embassy by Edenlex
  • Introduction to the embassy and obtaining a tourist visa (type C)
  • Initial property purchase and advance payment settlement by the applicant
  • Presenting documents to the immigration office in Spain to obtain residency

General documents for obtaining golden visa

  • Visa application form
  • EX01 form
  • Special form for investment in Spain
  • ID card of family members
  • Criminal record certificate
  • Health care insurance in Spain
  • Original and a copy of passport
  • Bank account statement and financial documents
  • Account turnover of at least the last 6 months

Official translation of these documents is also required.

Edenlex services for obtaining a golden visa

  • Professional advice from the initiation of the process to property purchase and obtaining a golden visa
  • Checking the documents and assistance to complete the documents
  • Completing and submitting relevant forms to the Spanish Embassy and the Ministry of Foreign Affairs
  • Presenting Edenlex property files
  • Real estate consultation and conclusion of property purchase contract in Spain
  • Issuing health care insurance in Spain
  • Obtaining a domicile certificate from the municipality
  • Applying for residence card

We will be with you during all the steps: traveling to Spain, real estate search, obtaining a tourist visa, and booking a hotel/apartment for a temporary stay along with a Farsi translator to follow up the accommodation process.

Free consultation:

Address: Av Diagonal 626, 4º 1ª A, Barcelona, Spain
Phone/WhatsApp: +34623486944
Email: office@edenlex.com
Instagram: Edenlex.Spain

 

Regarding the purchase of property in Spain

One of the best ways to obtain European residency is to purchase a property in Spain worth 500,000 euros and obtain a golden visa. In this article, we intend to answer all your possible questions. At Endelex, we offer real estate consultation in a specialized and professional manner, and we reassure you that 100% of the process from the beginning to the end will be done without an intermediary in order to avoid high risk investment or real estate purchase.

Important things you need to know to purchase property

  • What are the advantages of purchasing property in Spain?
  • What are the advantages of a golden visa in Spain?
  • Property purchase guide in Spain
  • What are property prices in Spain?
  • Is it possible to invest in property and offer rentals?
  • What are the procedures for property purchase in Spain?
  • What are the generated expenses of property purchase in Spain?
  • What are the required documents for a golden visa?

Spain is the destination of many world investors. This country with a very favorable climate and warm-blooded people has many tourist attractions that are of interest to most of the world’s investors. It is very interesting to know that the price of real estate in this country is not so different from the price of real estate in Iran. In this article, we will talk about real estate prices.

What are the advantages of buying property in Spain?

  1. Unlike many countries, in Spain you can own 100% of the property.
  2. The possibility of generating income by renting out property
  3. After investment in the property, it is possible to obtain bank facilities to start a business.
  4. Rapid administrative procedures and obtaining property documents in less than 1 month.

What are the advantages of a golden visa in Spain?

  1. Living in a beautiful European country
  2. Visa-free travel to all EU countries (within the Schengen area)
  3. Obtaining residency in less than 1 month after investment
  4. Free education for children
  5. Accommodation for family members including spouse and children
  6. The possibility of using free public healthcare services
  7. No need to buy government bonds
  8. The possibility of registering a company and setting up your own business in Europe
  9. The possibility of opening a bank account and benefiting all banking services
  10. No Spanish language certificate required
  11. Access to free language courses

Guide to property purchase in Spain

Every investment needs to be well informed in order to lower the risk, especially when it comes to purchasing a property. Many companies may advertise so that the buyer can make a remote purchase, which we do not recommend. It is very important that property purchase is done with the presence of the buyer with a close inspection. Endelex Group sends you an invitation to facilitate your trip to Spain in order to view properties and get to know investment projects through which you will receive necessary guidance and assistance from the beginning to the end of the process.

Which Spanish city is suitable for real estate investment?

According to the conditions of each family and the type of interest of family members, a city in Spain can be suggested. For example, in big cities like Barcelona and Madrid, there are prestigious universities with excellent international rankings, which are highly recommended for furthering higher education. Likewise, if you are a sea lover, Barcelona, ​​Valencia, Alicante, and Malaga would be a suitable destination. In any case, Edenlex will provide necessary consultation for the best choice that fits your needs and preferences.

Real Estate Prices in Spain

Residential and commercial properties in Spain range from 1,500 euros to more than 7,000 euros per square meter. An 80m2 apartment in smaller cities costs from 120,000 euros, although in bigger cities such as Barcelona and Madrid, it can reach up to 250,000 euros and above. The average price of an apartment in cities like Barcelona and Madrid exceeds 3,800 euros per square meter, while in smaller cities like Valencia and Malaga it is 2,000 to 2,300 euros and in a much smaller city it can be around 1,700 euros per square meter.

Is it possible to rent out a purchased property?

Yes. You can buy one or more properties and rent them out while obtaining a golden visa. Being a grand opportunity, it frequently has occurred that instead of one purchase, the applicant makes two, one of which is for rent and the other for residence if not both for rent. Evidently, it is also possible to buy a commercial property, and by renting it out, you can generate a considerable income for yourself effortlessly. For example, a 500,000-euro property can generate a monthly rent between 1,700 and 2,200 euros, which varies depending on the type of commercial or residential property or the type of temporary or long-term rental period. At Edenlex, we help you have the most suitable property with the highest rate of return on investment. With us, it is possible to purchase any type of property: residential, commercial, office, as well as industrial.

Steps to purchase a property in Spain

Step one: Initial consultation to choose a city based on your criteria. Each province in Spain has different tax fees for property purchase which is very important to take into account. We at Edenlex will introduce the best area to buy property according to your conditions and interests. As mentioned above, each city has its own advantages and conditions so that you can choose the fittest place of investment according to your preferences.

Step two: Specifying the type of property and its facilities. Before anything, you must determine the desired budget and specify the type of property which can be residential, commercial or administrative, and acquire the information on said property. For instance, in case of a residential, the minimum size and number of parking spaces are important information, or if it is commercial or administrative, the type of business and dimensions of the area would be important to know beforehand. In this regard, Edenlex offers full assistance via the Spanish and Iranian real estate experts.

Step three: Obtaining the initial visa and traveling to Spain

Edenlex will issue an official invitation for you and all family members in order to receive a tourist visa, and covering the administrative tasks and getting a NIE (foreigner’s identity number) after which the properties will be viewed. From the moment you arrive in Spain, the Edenlex team will help you by your side to make informed choices and decisions.

Step four: Choosing the property and checking and examining the documents

After choosing the property, the Edenlex team will start checking the documents and the price of the property, which usually takes 4-5 working days to receive the documents, including registration documents, residential certificate from the municipality, tax payment documents, debt to the bank, etc. The price of the property will be professionally assessed by real estate experts.

Step five: Presenting the proposed price. As everywhere in the world, when buying a property, there is always room for negotiation. We at Edenlex will assist you on how and what amount to offer to buy a property at a competitive price and in better conditions.

Step six: Contrato de arras or deposit agreement: after the owner approves the price of the property, the first payment should be done. According to the conditions of the applicant, our real estate team will add some items to the contract, considering the interests of the buyer, so that the purchase can be done easily and securely.

Step seven: Opening an account and transferring money. In this step, an account must be opened for the buyer to transfer the property amount.

Step Eight: Preparing the documents for the notary and notarizing the property. At this stage, documents, including the buyer’s personal documents and payment receipts, must be submitted to the official registry office, and the property transfer documents must be signed by the buyer and the seller. After the parties sign, the property keys and all the documents will be surrendered to the buyer by the owner after which the buyer can move in effective immediately.

Step nine: Property registration in the notary’s office and title transfer of water, electricity and gas bills. At this stage, the necessary work is done to register the property in the name of the buyer in the notary’s office. This stage takes about 3 to 6 weeks.

Step ten: Applying for a golden visa in Spain. At this stage, all the documents are sent to the immigration office. This process takes about a month to be approved.

Step eleven: Fingerprint registration and receiving the golden visa card. At this stage, the applicant will be required to register fingerprints and after 45 days, the residency card will be received.

What are the expenses applied to property purchase in Spain?

Purchase costs, including the taxes of document transfer which is charged to the buyer, or called ITP, vary in every city in Spain. The tax rate is between 6 and 10 percent. The cost of the notary’s office is about 1%. Real estate commissions, depending on the type of property, can be negotiated, which is between 1 and 3 percent.

What are the required documents for a golden visa?

The following documents must be prepared by the applicant.

  1. Passport: valid for at least one year
  2. Two passport photos
  3. Health certificate: Medical confirmation that the applicant is free of any infectious disease according to WHO (World Health Organization)
  4. Health certificate. These documents are valid for at least one month.
  5. Criminal record certificate 
  6. Spanish health insurance: Edenlex will take care of health insurance in Spain for the applicant and their family.
  7. Bank documents: providing bank statements and proof of financial support of the applicant and their family members. It is enough to get a bank statement which specifies that you can afford the living expenses of yourself and your family for a period of two years.

We at Edenlex are proud to be with you from the beginning to the end of all the process and to give you the guarantee that this process will be done with continuous and professional follow-up until the end of the procedure.

Contact an Edenlex expert

Property buying expert in Spain

What services do we do?

Edenlex law office, a collection of activities of two law firms in Spain, Estraveling Mondial S.L. and Golden Home Global S.L., is ready to provide all visa and residence and investment services in Spain.

How well do you know Spain?!

Spain, with its favorable Mediterranean climate, annually hosts many tourists from all over the world. The country has approximately 47 million citizens who enjoy significant citizenship privileges. Spain, as an independent country, is located in the Iberian Peninsula in Europe. It is also one of the member countries of the European Union and the Schengen area. For this purpose, people residing in this country can travel to Schengen countries without obtaining a visa. In addition, the official language of this country is "Spanish".

Capital

Madrid

Official language

Spanish

Currency

Euro (European Union)

Population

Forty seven million

What do you know about visa and residence in Spain?!

What are the conditions for obtaining a Golden visa for Spain?

After buying the property and officially registering it in the Spanish registry office, the conditions for obtaining residence are provided. And then you only need to submit the investment documents and the rest of the necessary documents to the Spanish Embassy. And finally, after a few days, a type D visa is provided for residence.

Why should we trust Edenlex?!

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The answer to some of your questions is here..!

Spain is one of the best European countries for tourism. People of this country love to relax and have fun. In terms of cost of living, Spain is one of the cheapest places to immigrate to Europe. Mediterranean climate, great variety of food, cradle of art and music, happy people, free education system, free healthcare, world famous football are just some of the benefits of living in Spain.

Spaniards are very happy people. The streets of this country are always crowded and full of the spirit of life; Spaniards are known for having fun and eating and drinking with family and friends. Regional dance and music are almost as important as football and festivals in this country.

  • Living in a country with a favorable Mediterranean climate with an average of more than 300 sunny days per year
  • Travel to all member countries of the Schengen Union without a visa
  • Ease of obtaining visas from other countries of the world
  • The possibility of opening Visa and Master bank accounts
  • The possibility of obtaining residence in less than 90 working days
  • Exemption from paying annual tax
  • No Spanish language certificate required
  • Free education for children
  • The possibility of using the free Spanish language learning system
  • Unrestricted travel and the possibility of living in any Schengen member country
  • No age limit
  • The possibility of obtaining permanent residence only after 5 years
  • Advice to learn about living conditions in Spain
  • Following up the process of obtaining a visa
  • Hotel and apartment reservation
  • Cooperation for long-term property rental
  • Cooperation in the purchase of property
  • Doing things related to getting a residence card
  • Obtaining municipal approval in Spain
  • Guidance and obtaining medical insurance in Spain