Request the Residence Visa for Buyers of Real Estate in Spain

In today's post we explain you how to obtain a residence visa in Spain for those foreigners who decide to buy a property in Ibiza (or in any other national territory) worth more than 500.000€.

Required documentation, requisites, deadlines, ... Let's start with the questions and answers!

What documentation do I need to apply for a home purchase visa?

Whether or not the purchase of a real estate property in Spain has already been formalized, all persons are obliged to compile a series of documents that we list below:

1. Visa application form (Original and photocopy)
2. One passport-type photo (White Background, 2x2")
3. Passport or Travel Document (Original and photocopy of the main page)
4. I.D. Card that proves your place of residence is within the jurisdiction of the Spanish Consulate of your nearest location
5. Certification of “absence of police records”
6. Proof of sufficient economic funds for you and your family
7. Proof of Insurance that covers Sanitary Assistance, Accidents, Emergencies, Evacuation, Medical Repatriation, Return of Remains with complete international coverage
8. Disclaimer duly signed
9. Payment of the Visa Fees is accepted with money orders
10. Certifying Documentation (if the purchase has already been formalized) or a pre-contract with guarantee together with a certificate from a financial institution established in Spain (if the purchase has not yet been formalized).

How long does the visa for the purchase of a real estate property last?

The term of validity of the Visa for the Acquisition of Real Estate in Spain varies depending on whether the property has already been acquired (i.e. the purchase-sale has already been formalized) or not.

In the first case, the visa will be valid for 365 calendar days (1 year).

In the second case, the visa will be valid for 6 months, as long as there is a pre-contract with a guarantee of its fulfillment by means of a deposit or other means formalized in a public deed.

Who can apply for a residence visa?

If you are thinking of obtaining a residence visa when buying a house in Ibiza (or any property in Spain) for more than 500.000€, you should know that the application must be presented in person.

In the event that this is not possible, a person can act as a representative if this is duly accredited. Contact one of our real estate agents for more details about this type of arrangements.

When do I have to apply for a residence visa?

In any of the possible cases (the purchase-sale has been formalized or a pre-contract has been made for the acquisition of a real estate property in Spain), the application must be submitted a maximum of 90 days prior to the planned date of travel.

It is very important to take into account all these factors, since if all the documentation is not submitted in due time and form, the application will be automatically rejected.

Can I travel with my family if I purchase real estate in Spain?

Those people who are planning to buy a house in Ibiza or anywhere in Spain should know that they can travel accompanied by their family members, as long as the following requirements are met:

• Spouse or person with an analogous affective relationship of the main applicant should submit his/ her own visa application as a family member of an investor Residence visa, with all required documents 1 – 11, plus the Marriage certificate authenticated with the Apostille of The Hague  and translated into Spanish.
• Children of the main applicant should submit his/ her own visa application as a family member of an investor Residence visa, with all required documents 1 – 11, plus the Birth certificates authenticated with the Apostille of The Hague  and translated into Spanish.

Request an online appointment with our real estate agency

You may have doubts about buying a house in Ibiza or in Spain and obtaining the corresponding Residence Visa due to the amount of necessary documentation or any specific procedure. Don't worry!

Our real estate agents will assist you online, without the need for you to move from your place of origin. You can contact us in different ways, as we show you below: