The Golden Visa, also known as the Investor Visa, is an attractive option for those looking to reside in Spain after making a significant investment, particularly in real estate. In this article, we answer the most common questions about how to obtain the Golden Visa in Ibiza, a prime destination for international investors.

1. What is the minimum investment required to obtain the Golden Visa in Ibiza?

To qualify for the Golden Visa, the main requirement is to make a real estate investment in Spain of at least €500,000. This amount can be allocated towards the purchase of one or several properties and must come from the applicant’s own funds, without external financing for this sum. However, if the property price exceeds €500,000, the investor may choose to finance the difference with a mortgage.

2. What types of properties are best suited for applying for the Golden Visa?

The Golden Visa allows the acquisition of various types of properties, including:

• Luxury homes: Often located in exclusive areas of Ibiza such as Cala Jondal, Es Cubells, and San José, these properties are ideal for investors seeking a premium lifestyle.
• Tourist apartments and villas: With the high demand for holiday rentals in Ibiza, tourist properties offer an excellent investment opportunity, generating additional income while the owner enjoys residency.
• Land and developments: While the Golden Visa mainly applies to residential properties, it is also possible to invest in land for development purposes.

The key is that the investment reaches the threshold of €500,000, regardless of the number of properties purchased.

3. How long does it take to obtain the Golden Visa?

The process for obtaining the Golden Visa is relatively quick. After purchasing the property, the applicant can submit the visa request to the Spanish consular authorities in their country of residence. Typically, the application is processed within 20 days to 3 months, depending on the workload and complexity of the case.

Once granted, the Golden Visa offers several benefits:

• It allows you to reside in Spain for an initial period of 2 years, renewable for periods of 5 years.
• It grants the right to work in Spain without the need for an additional permit.
• It does not require the investor to permanently reside in Spain, only visiting the country once a year to maintain the permit.
• It provides free movement within the Schengen Area.

Benefits of the Golden Visa in Ibiza

Obtaining the Golden Visa in Ibiza not only grants the right to live in one of the Mediterranean's most coveted destinations but also presents unique investment opportunities. The island’s real estate market is constantly growing, making property purchases in tourist or exclusive areas a secure and profitable investment.

Moreover, Ibiza is an attractive destination for those seeking a Mediterranean lifestyle, with sunny weather, stunning beaches, and a vibrant cultural and social scene. This makes the island an ideal place for those wishing to combine residency with business or investment opportunities.

The Future of the Golden Visa in the Balearics

Recently, there has been debate about the future of the Golden Visa in Spain, particularly in the Balearic Islands. Some authorities have proposed the discontinuation of the programme due to concerns about the impact of foreign investment on property prices. However, the programme remains in place and continues to be an effective way to obtain residency in Spain through investment.

Conclusion

Investing in Ibiza is not only a smart financial decision but also grants you the opportunity to obtain residency in Spain through the Golden Visa. Whether you are looking for a retirement spot, a second home, or a profitable real estate investment, the team at CASAVIVA Inmobiliaria is here to guide you through every step of the process. Contact us for more information and start enjoying the benefits of the Golden Visa in Ibiza!