This procedure is for non-EU nationals wishing to request a visa or residence authorization after making a significant capital investment in Spain. The investment options include:

Financial Assets:

• €2 million in Spanish government bonds.
• €1 million in shares or stakes in Spanish companies with active business operation.
• 3. €1 million in investment funds, closed-end funds, or venture capital funds established in Spain.
• 4. €1 million in bank deposits in Spanish financial entities.

Real Estate

€500,000 or more in property acquisition in Spain

If the applicant is outside Spain, they must apply for a visa at the Spanish consulate or embassy in their area. This process may be outsourced to providers like BL.

Embassies and Consulates

Visa Processing via BLS

Once in Spain, applicants need to request a residence authorization before their visa expires (typically within one year). The residence authorization is valid for three years.

If the applicant is already in Spain, they can apply directly at the Unit for Large Companies and Strategic Collectives (UGE-CE).

/ Documentation Required

General Documents

• Passport or NIE (must be over 18).
• Proof of sufficient economic resources for themselves and their family during their stay in Spain.
• Public or private health insurance.
• Clean criminal record certificate from Spain and other countries of residence in the last 5 years.

For investments in stocks or shares in non-listed companies, the applicant must submit a declaration of investment made to the Ministry of Economy, Trade, and Industry’s Investment Registry.

If the investment is in listed stocks, a certificate from a financial intermediary, registered with the Comisión Nacional del Mercado de Valores (CNMV) or the Bank of Spain, is required. This certificate should confirm that the investment is made following the legal requirements.

In the case of government bond investments, the applicant needs to provide a verification from a financial institution or the Bank of Spain, confirming that they are the sole holder of the investment for at least five years.

For investments in funds—whether in closed-end funds, venture capital, or other collective investment schemes registered in Spain—a certificate from CNMV is required to prove the investment of at least one million euros in these funds.

Similarly, if the investment is in a bank deposit, a certificate from the financial entity must confirm the applicant as the sole holder of the deposit.

These certificates must adhere to the following deadlines:

• For visa applications: the certificate must be dated within 60 days before the submission.
• For residence applications: it must be dated within 30 days of the submission.

For property acquisitions, the applicant must provide proof of ownership via a certification of title and encumbrances from the relevant Property Registry. The real estate investment must be at least €500,000, free from any charges or encumbrances. If the investment exceeds this amount, any additional portion may have encumbrances.

The certification must include one of the following documents:

• For visa applications: an electronic verification code for online verification, including the acquisition amount, the corresponding public deed, or, if the registration is pending, a certification showing the registration request and proof of tax payment.
• For residence applications: the certification of title and encumbrances, dated within 90 days of submission, or a pre-purchase contract with a guarantee, along with a bank certificate confirming the availability of funds for the acquisition, including taxes and charges.