What is the Spain Golden Visa and how does it work?

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The Spain Golden Visa is a residency-by-investment program that grants residence permits to non-EU nationals who invest at least €500,000 in Spanish real estate. The investment can be in one or multiple properties, and the property must be free of any liens or charges up to the €500,000 threshold. Benefits include: residency rights for you and your family, freedom to live and work in Spain, visa-free travel throughout the Schengen Area, path to permanent residency after 5 years, and potential Spanish citizenship after 10 years. The initial permit is valid for 2 years and renewable for 5-year periods, provided you maintain the investment. You don't need to live in Spain full-time — there's no minimum stay requirement to maintain the visa. The application process takes 2-3 months and requires proof of investment, clean criminal record, health insurance, and sufficient financial means. WOW-Estates has helped numerous clients navigate the Golden Visa process and can recommend immigration lawyers specializing in this program.