SPAIN
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.
LUXEMBOURG
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.
PORTUGAL
ARI -Autorisation for Residence by Investment
The Authorisation for Residence by Investment (Golden Visa) is a legal tool for non-EU citizens. The Golden Visa (ARI) is a mechanism provided for in the Portuguese legal framework with the following characteristics:
- Different affordable investment options;
- Minimum stay in Portugal of seven days per year;
- Freedom of movement within the Schengen area;
- Possibility of acquiring Portuguese nationality within five or six years;
- Portugal is not on any blacklist;
- Portugal is a safe country (Top of the Global Peace Index);
- Portugal has a high quality of life.
Family reunification
Taking into consideration your status as principal applicant, you always have the possibility to extend the Golden Visa to your immediate family members. The application is processed with the family attaché.
Family Attaché:
- Spouse;
- Children under 18 years of age:
- Dependent children under 26 years of age, to the extent that they are full-time students and are not married;
- Parents of the main applicant (over 65 years of age).
Portuguese Nationality
To obtain Portuguese nationality you must:
- Prove possession of the Golden Visa for a minimum period of 5 years;
- Not be in debt to the Portuguese authorities;
- Not have a criminal/judicial record in Portugal and in your country of origin;
- Pass a test of basic knowledge of the Portuguese language.