Spain Investor Residence Permit (legacy route)
Also known as: Spanish Golden Visa · Spain investor residence · Spain 500k visa
What it grants
Legacy investor-residence route closed to new applications from 3 April 2025; existing-holder and transitional questions require current individual verification.
Competent authority: Spanish Ministry of the Interior
Research cutoff 2026-09-21 · 1 source references. Recheck material facts with the listed primary publishers before acting.
Quick answers
Answer-first summary from the source-dated record. Each answer is a research reference, not a personal eligibility decision.
- What does this route grant?
- Legacy investor-residence route closed to new applications from 3 April 2025; existing-holder and transitional questions require current individual verification.
- What is the published entry point?
- 500,000 EUR through Real estate purchase. This is not the total family or professional cost.
- Is physical presence required?
- No specific annual day-count required for the investor permit itself.
- Can family be included?
- Spouse and minor or dependent children; dependent parents of the main applicant.
- Does it lead to citizenship?
- Separate Article 22 process: ten years generally, five for refugees, two for listed nationality groups and Sephardim, and one for specified categories.
This route fits if…
- Historical research
- Existing holders seeking independent advice on transition or renewal
Needs professional review
- Which investment option applies and its current minimum
- Source-of-funds / AML evidence
- Family composition and dependencies
- Whether a business permit is also required
01Summary
Spain repealed the investor-visa provisions with effect from 3 April 2025. The historical thresholds below are retained only to explain the closed route and must not be presented as an application option.
The consolidated BOE text records the repeal date and preserves earlier text for legal history. Existing permits, renewals and transition cases depend on the applicable provisions and individual dates.
Use current official immigration routes rather than treating the former property or capital thresholds as open offers.
02Investment options
Real estate purchase
500,000 EUR min · Maintain while relying on routeQualifying Spanish real estate (residential or commercial), 500,000 EUR minimum.
Capital into Spanish companies
1,000,000 EUR min · Per instrumentInvestment in Spanish company capital, 1M EUR minimum.
Public debt / bank deposits
2,000,000 EUR min · Per instrumentSpanish public debt instruments or qualifying bank deposits, 2M EUR minimum.
03Eligibility
- Qualifying investment
- Clean criminal record
- Lawful source of funds
- Health insurance / sufficient means
- No inadmissibility grounds
04Family & dependents
Spouse and minor or dependent children; dependent parents of the main applicant.
- Spouse
- Minor children
- Dependent parents
05Physical presence
Presence is defined per rule dimension below — each with its own counting method. There is no single universal "days per year" number.
Permit renewal
No specific annual day-count required for the investor permit itself.
Counting method: Long absences are generally permitted while maintaining the investment.
Citizenship
~138 days10 years continuous lawful residence (5 years if Ibero-American / select cohorts).
Counting method: Annual-presence basis for naturalization.
06Timeline & duration
Closed to new applications from 3 April 2025.
Typical: Not available for new applications · Duration: 2-year permit, renewable (5-year renewal cycles after the first two years); PR at 5 years.
- Extend / renew at each cycle (2 yrs → 5 yrs)
- Maintain the qualifying investment
- Track current thresholds
07Costs
Investment capital is at market risk and dominates the outlay; official and professional fees are comparatively small.
| Component | Basis | Amount |
|---|---|---|
| Real estate investment (or 1M/2M instruments) | Investment capital | 500,000 EUR |
Government charges, investment capital, professional fees and other costs are separate. Figures are research references, not quotes; verify them with the responsible authority and qualified professional before acting.
Currency conversions use a reference EUR→USD rate of 1.08 as of 2026-09-19. All program amounts are stated in official currencies; verify current rates before budgeting.
08Documentation
Valid passport (all holders)
primary
Criminal record certificate
primary — Apostilled, translated.
Proof of qualifying investment (title / instrument)
primary
Proof of source of funds
primary
Marriage certificate
spouse — Apostilled, translated.
Birth certificate
child — Apostilled, translated.
Health insurance / proof of means
any
09Path to PR & citizenship
Permanent residence
Long-term residence (residencia de larga duración EU) after 5 years of continuous legal residence.
Citizenship
Separate Article 22 process: ten years generally, five for refugees, two for listed nationality groups and Sephardim, and one for specified categories.
10Risks & refusals
- Route closed to new applications
- Transition and renewal treatment depends on dates and applicable law
- Investment and property risks remain separate from immigration status
11Rule versions tracked
Law changes create cohorts — the version in force when you first acquired your permit or filed may govern your case. Both open and closed versions stay on record.
es-investor-v20132013-09-29 – 2025-04-02closedHistorical investor residence framework, repealed for new applications effective 3 April 2025.
- Legacy real-estate and capital thresholds retained only for historical reference
12Sources of record
Investor provisions show the 3 April 2025 effective repeal date.
Draft next-review date: 2026-10-21. A listed link and checked date do not certify that a rule is current. Recheck material facts with the responsible authority and a qualified professional before acting.