Golden Visa Mallorca – A 2025 Spain Golden Visa Guide: Your Pathway to Residency.
Spain’s Residence by Investment Program, widely recognized as the Golden Visa, has become a favored pathway for high-net-worth individuals aiming to secure European residency. The program, which was introduced in 2013, enables non-EU nationals to gain residency in Spain. Wealthy non-EU citizens obtain the Golden Visa through qualifying investments, predominantly in real estate, financial portfolios, or business ventures. Successful applicants are granted visa-free access across Europe’s Schengen Area.
Through the program, individuals and their immediate family members can become residents of Spain through a temporary residence permit within less than a month. While general immigration rules and requirements apply, residents can acquire permanent residence status after five years of continuous residence in Spain. Citizenship can be obtained thereafter.
Golden Visa Mallorca Application Deadline
- April 3, 2025 is the deadline for submitting applications for non-European Union nationals interested in the program.
Criteria for Investment
- Acquisition of real estate with a minimum value of €500,000 (one or several properties)
- Investment funds or bank deposits with a minimum value of EUR 1 million
- Government bonds investment with a minimum value of EUR 2 million
Benefits of the Spanish Golden Visa
- Residency for Family Members: The main applicant has the ability to include a spouse or unmarried partner, financially dependent children of any age, and financially dependent parents who are 65 years or older.
- Access to public healthcare and education systems
- No Minimum Stay Requirement: Spain’s Golden Visa allows residency without requiring a minimum number of days spent in the country annually
- Pathway to Permanent Residency and Citizenship
- Schengen Zone: Visa-free travel to 27 European countries
An Attractive Market
Mallorca is one of the most desirable destinations world-wide and has become a highly sought after location for investors. It is no wonder the island’s beautiful nature, amazing beaches, and diverse culture attract millions of visitors each and every year. The policy change has sparked conversation across various sectors including real estate, construction, and design, due to its potential affect on foreign investment in regions like Mallorca. Particularly within the luxury housing market, foreign investors from British, German, and Nordic regions have consistently demonstrated strong interest. The local economy is expected to noticeably shift.
Spain is an appealing alternative due to its stability and freedom in the real estate market. With fewer rental price regulations, Spain allows for higher potential returns. Tax rules for property ownership in Spain are quite favourable, making it more attractive for foreign investors. Overall, there is a stable demand for luxury properties from tourists and expats, which investors will benefit from.
How Can I Apply?
The best way to obtain the Golden Visa Mallorca is to hire and reliable real estate lawyer that can help with the legal process. Applications can be made through the Spanish consulate or within Spain if legally present. For a property in Mallorca there is expert local advice with all law firms offering their services in English. With the help of a specialist property lawyer, you can enjoy life in Mallorca whenever you want.
If you are considering applying for Spain’s Residence by Investment Program, it is time to act now. It is important to finalise your investment and submit the application before mid-March 2025. This ensures that you can take advantage of the current regulations. Real estate continues to be a highly attractive option, providing both residency and strong returns in Spain’s vibrant property market.
Documentation
The application process requires proof of investments, a valid passport, and fulfilment of relevant legal criteria set by Spanish authorities. A clean criminal record issued from the applicant’s country of residence and any country where they have lived in the last five years.
Application Decision
A decision on the Golden Visa application should be made within 20 working days of the submission date. If the application is made from within Spain, an additional three months may be required to issue a Residence Permit once the Golden Visa has been granted.
Generally, short-term visa approval can be expected, allowing entry into Spain, followed by a Residence Permit.
The Spain Golden Visa program stands as an excellent option for high-net-worth individuals looking to invest in foreign markets while securing residency and even citizenship in a European Nation. The benefits of the programme are expansive and general interest is expected to remain high, as the search for political and economic stability continues.
For further information on the Golden Visa Mallorca please do contact us directly here.
