Question 1

What are the advantages of the Spanish golden visa / disadvantages of getting a Spanish Golden Visa, compared to getting a Portugal Golden Visa?

Accepted Answer

The main factors which differentiate the Spanish Golden Visa and Portugal Golden Visa are residency requirements, options for investment, and the citizenship path.

Question 2

What are the major hurdles for a Spanish Golden Visa?

Accepted Answer

There is no hurdle in applying for the Spanish Golden Visa so to speak. However, there is a note to be made about the misconceptions on the differences between what the Spanish Golden Visa is, the path to citizenship, and the requirements (and potential impact) of becoming a Spaniard on one’s wealth situation.

Question 3

What is the approximate total outlay for a successful Spanish Golden Visa?

Accepted Answer

There is no ‘one size fits all’ as the total outlay varies depending on the family composition, as well as the investment route chosen and the location. As a tentative overview, the minimum investment being set at EUR 500,000, the investor should expect an additional EUR 50,000 to EUR 75,000 in various taxes and fees associated with the property as well as third-party disbursements such as government and application fees and of course, the professional legal fees. Any applicant looking to explore the Spanish Golden Visa should look to invest an average of EUR 575,000 to EUR 600,000.

Question 4

How long will the process take to obtain the Spanish golden visa ?

Accepted Answer

This vary depending on whether the applicant will (or can) visit Spain or not. An average processing time would be between 1-4 months. It is to note that at the moment, and in light with the pandemic, HLG is able to process all applications remotely. Indeed, all meetings with our counterpart in Spain, the selection and purchase of property, the completion of the Golden Visa application can be done remotely and through digital means with our firm.

Question 5

Can everyone apply for a Spanish Golden Visa?

Accepted Answer

The program is restricted to non-EU/EEA nationals. Other grounds for inadmissibility include but is not limited to those with: – past criminal convictions; – have debts or any similar unpaid monies to the Spanish authorities e.g. unpaid taxes; – have entered or stayed illegally in Spain. A note should be made that Politically Exposed Persons (PEP) are not, prima facie, inadmissible for the Spanish Golden Visa program, but their eligibility will require a thorough and extensive legal assessment.

Question 6

Why should I choose Harvey Law Group to help apply for the Spanish Golden Visa?

Accepted Answer

Our professional duties are to the client and in our experience, we have seen many ‘consultants’, ‘advisors’ and other questionable individuals presenting the Golden Visa in Spain as an outright ‘Citizenship-by-Investment Program’ or as a ‘walk in the park’ process to get citizenship, which obviously is not a true representation of the program. Ultimately, failing to consider key factors, or hiring a non-professional, could result in unfortunate financial losses in addition to a potential immigration ban. Each client should carefully consider the necessary due diligence on both the investment and the service provider, as well as seeking a professional opinion on the potential tax exposure in their current country of residency and Spain. As an international law firm with a global footprint, HLG carries out the necessary due diligence and manages the whole process from the start to finish.

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