The Golden Visa for Spain initially grants a residence permit that is valid for one year. However, it can be renewed for two-year periods as long as you continue to meet the eligibility requirements.
The renewal process typically involves submitting updated documentation to demonstrate that you still maintain the qualifying investment and meet the ongoing requirements of the Golden Visa program. This includes proving the ownership of the property, maintaining the investment, and providing evidence of sufficient financial means and health insurance coverage.
The Golden Visa can be renewed indefinitely as long as you continue to fulfill the requirements. After five years of legal residency in Spain, you may be eligible to apply for a long-term residence permit or even Spanish citizenship, depending on the specific circumstances and compliance with the applicable laws and regulations.
It’s important to note that the specific requirements and procedures for renewing the Golden Visa may be subject to change, so it’s advisable to consult with official sources, such as the Spanish consulate or embassy, or seek advice from qualified professionals who specialize in immigration and investment matters in Spain, to ensure accurate and up-to-date information regarding the validity and renewal of the Golden Visa in your specific situation.
