Golden Visa in Ibiza: Investment and Residence

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Ibiza is known not only for its vibrant landscape and paradisiacal beaches, but also as a destination that offers an unparalleled quality of life.

The Golden Visa in Ibiza is becoming a strategic route for those who wish to combine Mediterranean charm with the security and comfort of legal residency.

This Spanish residence permit for foreign investors, unlike other types of visas, offers the flexibility of not requiring physical residence in Spain.

It allows holders to maintain their fiscal residence outside the country, as long as they do not spend more than 183 days per year in Spain.

In addition, the Golden Visa application process is remarkably fast, with eligible applicants receiving their visa in as little as 20 days.

Application requirements and documentation for the Golden Visa in Ibiza

The Golden Visa in Ibiza may be applied for by the investor himself, by a duly accredited representative appointed by the investor or by a legal entity.
Certain requirements must be fulfilled:

– Passport.
– Public or private health insurance
– Criminal record certificate.
– Not having been refused a Schengen visa.
– Proof that the investment has been made.
– Proof of own financial resources to reside in Spain.

The Charm of Ibiza and the Golden Visa

Whether investing in property, contributing to local projects or creating jobs, the benefits are clear:

A residence on an enchanting island and the ability to travel freely throughout the European Union with the Golden Visa in Ibiza.

A significant capital investment is required to obtain the Golden Visa. Investment options include:

-Acquire commercial or residential property in Spain with a value of €500,000 or more free of any liens or encumbrances.

-Invest at least €2 million in Spanish government bonds.

-Invest a minimum of €1 million in the purchase of shares or participations in Spanish companies, local investment funds, venture capital funds or bank deposits in Spanish financial institutions.

-Minimum of 1 million euros in the creation of a business in Spain that generates employment, promotes technological and/or scientific innovation and has a significant socio-economic impact.

-The Golden Visa is valid for an initial period of 2 years from the date of approval.

After this period, it can be renewed 60 days before the expiry date, always provided that the investment, health insurance and financial resources are maintained in Spain.

In our previous blog we told you about the differences between the Golden Visa vs Digital Nomad Visa.

Benefits of acquiring the Golden Visa in Ibiza

Residence: Golden Visa holders are granted a residence permit in Spain, which means that they and their immediate family members have the legal right to live in the country.
Work: Golden Visa holders are entitled to work in Spain, either on a self-employed or employed basis.
Mobility: The Golden Visa allows holders to travel freely within the Schengen area.
Extension to family members: The rights and benefits of the Golden Visa can be extended to family members.
Public services: Golden Visa holders can make use of public services.
Citizenship: There is the possibility of obtaining Spanish citizenship after 10 years.

In the maze of legal formalities and requirements, specialist legal advice is essential.
Your peace of mind is our priority. Let our legal services for foreigners in Ibiza take care of the formalities so you can enjoy yourself to the full.

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