European Union Investor Visa
Three countries, three alternatives, three ways of adapting to the European Community modus vivendi.
Golden Visa is the common name for a specific type of residence in Spain. As a rule, it is obtained by a foreign citizen (investor, entrepreneur or investor) who complies with the provisions of the regulatory law.
For several years now, the Spanish government has introduced the “flexibidad” factor with regard to residence visas for investors and rentiers. This option is available to any middle or upper-middle class Latin American citizen.
For information purposes, we can indicate the following types of visas:
a) Investor’s visa: This residence permit may be requested by foreigners who intend to enter Spanish territory in order to make a significant capital investment, understood as follows:
-) An initial investment of EUR 2 million or more in Spanish public debt securities, EUR 1 million in shares or equity investments in Spanish capital companies with a real business activity, EUR 1 million in investment funds, closed-end investment funds or venture capital funds incorporated in Spain or EUR 1 million in bank deposits in Spanish financial institutions.
-) The acquisition of real estate in Spain with an investment value equal to or greater than 500,000 euros per applicant.
-) A business project to be developed in Spain and which is considered and accredited as being of general interest due to job creation, investment with a significant socio-economic impact or scientific/technological innovation.
A representative, designated by the investor and duly accredited, may obtain the residence permit for investors.
b) Entrepreneur visa: For the assessment, the creation of jobs in Spain will be taken into account as a priority. The following will also be taken into account:
-) The professional profile of the applicant, their training and professional experience as well as their involvement in the project. In the event that there are several partners, the participation of each of them will be assessed, both those applying for a visa or authorisation and those who do not require it.
-) The business plan, including a description of the project, the analysis of the market, service or product, and the financing.
-) The added value for the Spanish economy, innovation or investment opportunities.
c) Non-profit residence visa: This is a way of residing in Spanish territory, without work authorisation. It is necessary to demonstrate saved and sustainable capital for the period of residence, or to demonstrate periodic income of not less than 2.151,36 euros per month. If there is a family aggregate, it is necessary to apply for an amount not less than 537.84 euros for each member of the applicant family.
Golden Visa Portuguese
– Portuguese permanent residence (5 years of temporary residence);
– Portuguese nationality (6 years of temporary residence permit).
– Visa exemption (Schengen Area: Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden and Switzerland).
– Residence permits for family reunification.
Recipients: Non-EU foreign nationals.
-) Transfer of capital for an amount equal to or greater than €1,000,000 (one million euros). How is this investment accredited? Declaration from a Financial Institution operating in Portugal;
-) Creation of at least 10 jobs;
-) Acquisition of real estate for an amount equal to or greater than 500,000 euros (five hundred thousand euros).
-)Presence in Portugal;
-) Absence of any fact that would constitute an obstacle to the granting of the visa;
-) Valid passport;
-) Valid Schengen visa;
-) Legalisation of a stay in Portugal within ninety (90) days from the first entry into the national territory;
-) Proof of means of subsistence and accommodation;
-) Proof of health insurance;
-) Application for consultation of criminal record at the “SEF”;
-) Affidavit signed by the applicant that he/she will comply with all investment requirements;
-) Certificate of no debt issued by the Portuguese Social Security and Tax Administration;
-) Criminal record certificate from the country of origin and from the country where the applicant has resided for more than one year;
-) Proof of one of the three types of investment;
-) All foreign documents must be officially translated into Portuguese at a Portuguese consulate in the country of origin;
-) The initial residence permit is valid for one year, renewable for two periods of two years each;
-) The minimum duration of stay in Portugal is 7 days in the first year and 14 days in the following two-year period, consecutive or not.
This method of access to residence on Luxembourg territory is provided that the applicant, who is a citizen of a non-EU Member State, meets the conditions laid down in the law governing the matter.
The applicant who wishes to reside in Luxembourg for a period of more than 3 months, as an investor, on the basis of an existing structure or a structure to be created, must develop the request in cause through 2 consecutive stages:
A – First Stage
-) Apply for a “autorisation de séjour temporaire” at the competent body of the Ministry of Foreign and European Affairs;
-) Hold a valid passport;
-) If the applicant is a national of one of the countries requiring a visa to enter Luxembourg, he/she must apply for a type D visa after having obtained the respective “autorisation de séjour temporaire”;
-) Obtain the favourable opinion of the Minister of Economy or Finance, as the case may be, regarding his investment project.
B – Second Stage: On Luxembourg territory
-) Declare your arrival in Luxembourg to the respective municipal body in the area of your residence within three days;
-) Undergo a medical check-up;
-) You can then apply for the “titre de séjour pour investisseur” (residence as an investor).