As you know, the Golden Visa is a residency permit for non-Europeans that allows you to live and work in Spain, but also not to live in Spain which it makes very flexible when it comes to residency permits.
The investors can bring their family members on the same visa as long as their children are under 18 years old or spouses or partners. Also, children over 18 and parents can be brought along as long as they are economically dependent on the investor. For instance, a child of 20 years old studying at the university and no income of his/her own is considered a member dependent. However, please note that when children get marry they stop being part of the investor’s family and therefore they are not eligible as family members.
As for the validity of the Golden Visa, the initial residency permit lasts for two years, renewable for 5 years as long as the investment is kept. And the investor’s family members living in Spain do have the option of obtaining a long-term residency permit after five years of effective residence which means that they are free to sell the investment. As for citizenship, this is an option after two or ten years of effective residency in Spain.
Here are the main important points with regards to the Golden Visa:
Family members included:
- Children under 18
- Spouse or partner
- Parents and children over 18, economically dependent on investor
First permit valid for 2 years
Renovation for 5 years
Effective residency necessary for “permanent” residency and citizenship
Julia Fredriksson explains this in the following video: