When and how to renew a Golden Visa in Spain?

When and how to renew the Golden Visa in Spain? What is the Golden Visa? How many times can the Golden Visa be renewed in Spain? How long does the Golden Visa last? What do I need to get the Golden Visa in Spain? Is it necessary to maintain the investment to apply for the renewal of the Golden Visa in Spain? Who can renew the Golden Visa in Spain? From Gentile Law, expert lawyers in processing visas and residences in Spain and Europe, we tell you the keys to renew the Golden Visa in Spain, that is, the residence visa for investors.

What is the Golden Visa and how can it help foreign investors?

What is the Golden Visa in Spain and how can it benefit foreign investors? The Golden Visa has proven to be an attractive tool for foreign investors seeking residency in Spain. This type of visa offers investors the unparalleled opportunity to reside in Spain in exchange for making investments in the country. In the following article: "Spain`s Golden Visa, one of the best options", we explain, as lawyers specialising in procedures for immigrants, why it has become one of the preferences for investors when applying for residency in Spain.

One crucial aspect of this program is the need to renew the Golden Visa, a fundamental process ensuring the continuity of benefits associated with this privileged status. The renewal of the Spanish Golden Visa is presented as an essential procedure for holders who wish to maintain their residence permits in the country. This process stands out for its agility and flexibility.

How to renew the Spanish Golden Visa?

How long does the Golden Visa last in Spain? The initial duration of the Golden Visa is 3 years. After this period, if the requirements for obtaining the initial visa have been maintained, the Golden Visa can be renewed for an additional 5 years.

When do I have to apply for a Golden Visa renewal in Spain? The renewal period for the Golden Visa is 60 days before its expiration and up to 90 days after the visa`s expiry date. At Gentile Law, lawyers expert in advising foreign investors, we recommend submitting the renewal application within the period preceding its expiration to avoid any penalties from Spanish authorities.

What are the requirements for renewing the Spanish Golden Visa?

What do I need to renew the Golden Visa in Spain or the residence visa for investors? From Gentile Law, expert lawyers in processing the Golden Visa, we explain how to apply for the renewal of the Golden Visa in Spain. the following requirements must be met:

1. Have visited the country at least once since the visa was granted
2. Have maintained the investment for which the initial visa was obtained
3. Have maintained valid health insurance during the 3 years of the initial visa
4. Have sufficient financial means to reside in Spain
5. Have no criminal record in the countries in which the applicants have resided in the last 5 years.
6. Have a valid passport.

Is it necessary to maintain the investment to apply for the renewal of the Spanish Golden Visa?

Should I continue to invest in Spain in order to apply for the renewal of the Golden Visa in Spain? Yes, it is. To approve the renewal application for the Spanish Golden Visa, it is necessary to prove that the investment has been maintained during the validity of the initial visa. This does not mean that the initial investment cannot be modified at all; it can be altered in value as long as the minimum required by law is maintained.

While the value of the investment can be modified during the initial validity of the Golden Visa, changing the type of investment is not allowed. For example, those applying for the Golden Visa through real estate investment cannot sell the property and invest in private equity funds to apply for renewal.

Who can apply for the renewal of the Spanish Golden Visa?

How to renew the Golden Visa in Spain? Who can renew this residence visa for foreign investors? Do you want to renew the Golden Visa? From Gentile Law, we help you to process and obtain the Golden Visa residency in Spain. The renewal of the Golden Visa is possible for:

• Investors.
• Spouses.
• Minor children.
• Adult children economically dependent on the investors.
• Parents over 65 years old and economically dependent on the investors.

Can adult children apply for a Golden Visa renewal in Spain? One of the most frequently asked questions when renewing the Golden Visa is whether adult children can apply for renewal. Spanish authorities state that as long as adult children are economically dependent on the investor and unmarried, they can opt for the renewal of the Golden Visa. Therefore, it is essential to prove that adult children are economically dependent on the holder and have not married to apply for the renewal of the Golden Visa in Spain.

The same scenario occurs when it comes to the parents of the applicant. They can apply for the renewal of the Spanish Golden Visa as dependents of the main applicant, as long as they are economically dependent and over 65 years old.

How to apply for the renewal of the Spanish Golden Visa?

What are the steps to apply for the renewal of the Golden Visa in Spain? From Gentile Law, expert lawyers in processing visas and residence in Spain and Europe, we tell you everything you need to know to renew your Golden Visa in Spain. Unlike the initial application for the Golden Visa in Spain, renewal does not require applicants to be in the country when submitting the application.

The renewal application is divided into three stages.

• Application: The renewal of the Spanish Golden Visa takes place at the Large Companies Unit (Unidad de Grandes Empresas), where a separate application is submitted for each interested party. Once complete applications are submitted, the resolution process takes up to 20 business days.
• Fingerprinting: Once the renewal of the Spanish Golden Visa is granted, an appointment must be obtained for fingerprinting.
• Collection of updated cards: Updated foreigner identity cards (TIE) can be collected 30 days after fingerprinting.

Gentile Law, expert lawyers for the renewal of the Golden Visa in Spain

When and how to renew the Golden Visa in Spain? What is the Golden Visa?  Need help processing the renewal of your Golden Visa? From Gentile Law, we help you to process and obtain the Golden Visa residency in Spain. Are you aware of the requirements for renewal? From Gentile Law, expert lawyers in foreigners and specialists in the processing of residencies, we assist you in renewing your Golden Visa quickly and securely.