The Spanish government has introduced new rules for visa application, a “Golden Visa”.
The new visa rules make it easier for people from Russia, the US or other overseas countries to renew their visas without having to go back to their home countries to apply for it. This type of visa now means that the holder has the right to work in the country.
The conditions to enjoy this opportunity is that the individual must own a property in the country worth € 500,000 or have a capital of one million euros, either in Spanish or shares in a Spanish bank. They must also sign up on a Spanish medical insurance and demonstrate a flawless criminal record through from their home country. If the requirements are met, the person can get their visa within 2-3 months.