Golden visa in Mallorca

The Golden Visa program in Spain, which applies to Mallorca as well, is a residency-by-investment scheme that allows non-EU citizens to obtain Spanish residency through various investment options. Here are the key points: Main Investment Options: 1. Real Estate: Minimum investment of ?500,000 2. Business Investment: Minimum ?1 million in Spanish companies 3. Bank Deposits: Minimum ?1 million in Spanish banks 4. Government Bonds: Minimum ?2 million in Spanish government bonds Benefits: - Residency permit valid for 2 years, renewable for 5 years - Travel freely within Schengen Area - Include spouse and dependent children - No minimum stay requirement - Path to permanent residency after 5 years - Potential path to citizenship after 10 years Requirements: - Clean criminal record - Private health insurance - Sufficient financial means - Valid passport - Proof of investment - Pay relevant fees Process: 1. Make qualifying investment 2. Gather required documentation 3. Submit application 4. Obtain residency visa 5. Apply for residence permit To apply specifically for Mallorca, you would follow the same national process but deal with local authorities on the island for certain procedures.

The Golden Visa program in Spain, which applies to Mallorca as well, is a residency-by-investment scheme that allows non-EU citizens to obtain Spanish residency through various investment options. Here are the key points: Main Investment Options:
1. Real Estate: Minimum investment of ?500,000
2. Business Investment: Minimum ?1 million in Spanish companies
3. Bank Deposits: Minimum ?1 million in Spanish banks
4. Government Bonds: Minimum ?2 million in Spanish government bonds Benefits: - Residency permit valid for 2 years, renewable for 5 years - Travel freely within Schengen Area - Include spouse and dependent children - No minimum stay requirement - Path to permanent residency after 5 years - Potential path to citizenship after 10 years Requirements: - Clean criminal record - Private health insurance - Sufficient financial means - Valid passport - Proof of investment - Pay relevant fees Process:
1. Make qualifying investment
2. Gather required documentation
3. Submit application
4. Obtain residency visa
5. Apply for residence permit To apply specifically for Mallorca, you would follow the same national process but deal with local authorities on the island for certain procedures.