Investor Residence (Golden Visa)

The purchase of real estate worth more than 500.000 thousand euros according to Law 14/2013 (and the last amendment to this law 15/2015) is the basis for obtaining the so-called Golden Investor Visa for a period of one year, both for the investor applicant himself and for his family members.

Costa Prestige specialists advise on obtaining a residence permit in Spain without the right to work (visa D), as well as an investor residence permit. We are always aware of all changes, additions and news. You can entrust us with such an important step! You will have nothing to worry about, because we provide a full range of services and will do everything for YOU!

The most common mistake associated with the new type of investor residence is that it is a kind of hybrid between visa and residence. In other words, many people think that having a resident visa (golden visa) pasted into the passport for a year, there is no need to obtain a resident card in Spain. You should keep in mind that the one year visa in your passport does not replace the residence card and after the expiration of the year does not entitle you to extend this investor visa based on a previous purchase.

An investor visa is given so that you have enough time to receive a residence card. Those. You do not need to urgently enter Spain. However, within a year it is necessary to complete the Investor Residence Authorization (or obtain a residence card).

Another common mistake is the misconception about where to apply for a residence card. An application for an investor residence is submitted to a special institution created for this purpose, which is competent to make a decision on this issue, and not to the local police station.
The administrative body has 20 days (or a month) to consider this issue. And only after a decision has been made and an appropriate permit has been obtained, all documents are submitted to the police commissariat to obtain a resident investor card for a period of 2 years.

If within 365 days, according to the visa, a residence card has not been applied for, then in this case the investor loses his right to receive the investor's residence. Those. this is seen by the Spanish administration as a waiver of this right. And this refusal, unfortunately, is irreversible and your legal right is lost.

An investor residence card has a number of other features and differences from a residence permit without the right to work.

MORE DETAILS ABOUT the stages of authorization of the investor's residence (or obtaining a residence card)

The Golden Visa, which is issued to investors, is the first step in obtaining a special type of residence for investors.

After receiving the INVESTOR RESIDENCE VISA at the Consulate, you will need to issue an INVESTOR RESIDENCE AUTHORIZATION.

This is the second - MANDATORY stage of the process of obtaining a residence. The first stage, also NO LESS IMPORTANT and OBLIGATORY, is obtaining a Visa for the Investor's Residence at the Consulate)

The terms and forms of registration and submission of documents are established by the SPANISH COMPETENT AUTHORITIES.

1. You will need to enter Spain on any day during the validity of the visa (i.e. within 365 days).

2. The lawyer will have to submit documents for INVESTOR RESIDENCE AUTHORIZATION (those that remained after the submission of documents to the Consulate General of Spain in Moscow + an official document on the decision received, which is also issued at the Consulate when obtaining an investor visa).

3. If additional documents are requested, they will need to be submitted within the established time frame.

4. The lawyer sends additional documents to Madrid.

5. Next, you will need to wait for a written response from Madrid with a decision to issue the Residence.

6. YOU NEED TO PERSONALLY COME TO THE POLICE to make an appointment for fingerprinting and submit documents for a tarheta (resident card).

7. On the appointed day, YOU WILL BE NEEDED TO PERSONALLY go to the police and take your fingerprints. The lawyer prepares in advance the documents that must be submitted for filing for a tarheta.

8. Then YOU must also PERSONALLY come to the police and again hand over your fingerprints to receive the tarheta on the same day (the term for issuing the tarheta is up to 45 days).

Thus, you will need to come to Spain several times.

After receiving the tarheta, the conditions come into force that Resident Investors are not required to stay for a certain number of days in Spain.

BEFORE RECEIVING THE CARD (before the completion of the second stage), you need to personally come to the police several times. Travel planning is up to you.

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