1. If you are outside of Spain, you can apply for an investor visa at the consulate of your country of residence, which will allow you to reside in Spain for up to one year. During this period, you may request the investor residence authorization.
2. If you are already in Spain on a regular basis (on a short-term stay or as the holder of a residence permit for studies or residence), you can directly request a residence permit from the Large Companies Unit, without having to previously process the investor visa.
This authorization depends on that of the investor and in order to obtain it, it must prove that it meets the general requirements, among them, that the investor has economic resources for her family, as well as the corresponding medical insurance.
So for example, if a couple acquires a € 1,000,000 property, both spouses can obtain an investor visa. If the property has a value of € 500,000, the buyer can obtain an investor visa and her spouse as a family member as a family member.
In family authorizations:
Applications can be submitted by the applicant himself or through a representative.
However, those who obtain a residence permit under Law 14/2013 must apply in person for the foreigner’s identity card. The resolution granting the authorization indicates the procedure, documentation and where it can be requested.
There is no requirement to prove insurance coverage when there is the prospect that the foreigner (and his or her family members) will be insured by the National Health System as a result of registering with the Social Security as a result of the employment contract or professional relationship.
In the case of entrepreneurs, if the activity is not going to be started immediately, insurance with limited validity is accepted (for example, travel insurance, which is usually valid for three months).
In all other cases, you must have a public private health insurance policy with an insurance company authorized to operate in Spain, for coverage equivalent to that of the National Health System and for the duration of your authorization or at least one year, which can be extended (travel insurance is not valid).
In order to renew the authorization, the conditions that gave rise to the authorization must have been maintained. That is to say: