Spain’s Golden Visa WILL CRUSH Portugal’s in 2024

Josh from ExpatsEverywhere sits down with Sam from Holborn Assets to discuss Golden Visas for Portugal and Spain. The amounts to get these visas and the perks might surprise you. Which visa is currently a better option in 2024? They discuss how much you have to invest, how you can invest, stay requirements, and more. Do you think the Golden Visa for Portugal or Spain is better?

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Josh and Kalie left the US for a life abroad in 2009 and haven't looked back. They have lived in Spain, South Korea, Saudi Arabia, Singapore, and are currently in Portugal. Yes, they realize they only moved to countries starting with the letter "S" until they spoiled that streak with their move to Portugal. Follow ExpatsEverywhere as we aim to get information to you through expat interviews, city breakdowns, expat life, travel, vlogs, and more.

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Chapters

00:00 - Intro
00:24 - What is a Golden Visa?
00:54 - What are the criteria for the Spanish and Portuguese Golden Visas?
01:52 - Are there any stay requirements for these Golden Visas?
02:43 - What are the investment opportunities for the Spanish Golden Visa and the Portuguese Golden Visa?
04:23 - What is the processing time for each visa?
07:57 - How to get Spanish citizenship in 2 years
09:07 - Spanish passport global ranking
09:17 - Portuguese passport global ranking
09:57 - Why does Holborn Assets believe that the Spanish Golden Visa will crush the Portuguese Golden Visa?
12:09 - What are the price points for the different Golden Visa investment opportunities?
13:35 - What are the different rates of return for the different investment opportunities?
17:51 - Why do you personally believe that the Spanish Golden Visa will crush the Portuguese one?
19:45 - What to do if you’re interested in knowing more about these Golden Visa opportunities

[thepeacefulpack]

Biggest advice is to hire a professional to help you navigate the process...very affordable in both countries. We chose to call Obidos, Portugal our home AND presently in the process of buying a vacation home in Malaga, Spain. Better winters in southern Spain, better summers in Obidos and only a 7 hour drive. Thanks for such a great video! Very informative.

[Memi]

One of the reasons Portugal removed it was due to gentrification which I’m glad. These are great opportunities but in the other hand it changes the landscape and culture of what makes these countries unique.

[macaccount]

The real reason Spain is less attractive is the overall taxation for expats in Spain versus Portugal. As an investment advisor, I always run a tax perspective and for my clients (high net worth types), the tax system is Spain precludes consideration. The global wealth tax is the BIG issue in Spain!

[nancy]

Please keep in mind that residency means you pay taxes on worldwide income in Spain. That is not always advisable.

[joanofarcxxi]

Spain golden VISA will crush Portugal's golden VISA. Great! Please, do go to Spain, guys. :) We love you to visit us in Portugal, but we have already enough foreigners, we are just a little place, and it's affecting our native Portuguese people in a bad way. I think the British already own Algarve...

[onourwayeverywhere]

Great video considering Spain canceled their Golden Visa two weeks after this came out.

[tundrawild]

An important note: anyone aiming for citizenship needs to know that Spain does NOT allow dual citizenship for most countries, including Canada, the US, and UK. Their laws allow for rare exceptions for dual nationality. Please speak to a Spanish immigration lawyer.

[cagucinho]

You mean Spain's Golden Visa WILL CRUSH Spain in a few years.
I'm glad Portugal made restrictions to Golden Visa. It was about time.
So...from now on you all know where to go. You can go all to Spain.

[BigSmallTravel]

Great title! We just visited Southern Spain and we are shocked at how from Malaga to almost Gibraltar, a UK territory, each and every city is ready for tourism with open arms. Many countries do not feel welcoming but Spain is built for tourism and expats as they are very flexible and ready for tourism and expat money as you can see in our last video .

[benhaze]

Interesting! Thanks for making this video.

[terrisokolow]

Great info for anyone thinking about moving to a new country! Good one, Josh!

[regiejohn]

I hope I can add a bit of commentary to share, and for the viewers to know, if you don't mind since I'm in a midst of getting my Spanish citizenship. Though if anything, seek professional help and let them help in the process. Valuable video for everyone to know Josh! :-)

1. One could obtain a fast-track Spanish citizenship in two years of ''continuous stay'', if one is a passport holder from an ex-Spanish colony county with a long term residency status in Spain - except if one is under student, tourist, au pair visa. I'm from the Philippines - native born and passport holder - with too being a Canadian dual national. Currently on an NLV and working towards Spanish Citizenship.

Even if Spanish citizenship could be granted in two years, in reality it would take 3 years and more months depending on the person/office handling the case - though turnaround for citizenship applications is one year max. Given that one would be required to take language tests (A1/A2), citizenship test, gathering documents (criminal background checks) and processing. For my nationality, I'll be required to take language test, unlike from other Spanish speaking countries.

Its good to know when I naturalize, I can still opt to keep my previous nationalities.

2. Unlike the above, If one is from a ''non ex-Spanish colony passport'' (i.e UK, AUS, US, except Puerto Rico) on a long term visa in Spain, it would be 10 years.
With the first 5 years of working toward PR and the following 5 years towards citizenship.

Unfortunately when one naturalizes, one will have to renounce or give up their previous nationalities.

3. As it was decided by the Spanish courts in July 2023 (?), iirc, one's temporary status would not be withdrawn if one is outside of Spain for over six months. Though this could change by legislation at anytime, so it is a wait an see type of thing.
In my opinion, it would be worthwhile to maintain the Spanish residency status. If one is outside of Spain for over six months, it would affect ones SC prospects.

4. Do keep in mind that taxes and their structure will differ from autonomous communities. So taxes and its rates from i.e Valencia will differ from i.e Madrid / Galicia etc.

Source : Qualified and working towards Spanish/EU citizenship (with it being passport/citizenship no. 3).

[MamiAdarna]

Great and informative video, thanks for sharing.

[RParkinson]

Absolutely love Spain however 500K in cash just prices most out imo.

[lga]

Great vid Josh, it actually made me click into the Spain session of Idealista for a brief moment, keep it up

[JenShea]

Interesting interview. Appreciate this type of content... (as well as all the other, of course). Thanks Josh & Kalie :)

[adolfoformoso]

Portugal was the first Visa country and they know how bad was for the prices in urban proprieties. I hope Portugal change for better.

[toddl.]

Spains wealth tax interferes with them crushing anything! If i moved to spain i would have to pay 60 percent of my income if i combine their income and wealth tax.

[HeyMr.Johnson]

😂🤣 Glad I’m grandfather in Portugal NHR program, Spain tax’s are extremely high. I pay 10% taxes a year on seven figures income and I have less than a year until I’m eligible for Portuguese citizenship. All honesty, Italy or Greece Gold visa is the best depending on income guys

[carlosb]

Portugal please make it even harder for people to become naturalized citizens. They're there for that reason only.