I) OBJECT, DURATION AND RENEWAL This new system visa allows you to enter and reside in Spain for a period of 2 years. This visa allows to circulate freely and without restrictions in the ‘Schengen Area’ (Spain, France, Germany, Austria, Belgium, Denmark, Estonia, Finland, Greece, Hungary, Iceland, Italy, Latvia, Lithuania, Czech Republic, Liechtenstein, Luxemburg, Malta, Netherlands, Norway, Poland, Portugal, Slovenia, Slovakia, Sweden and Switzerland). Together with the investor, his/her family can also benefit: spouse and children under 18 years of age or of legal age but economically dependent. According to the Article 67 the initial authorization of residence for investors will last two years (subject to the provisions of Article 66.3 for property purchases normalization). Once this time period has expired, those foreign investors wishing to reside in Spain for a longer period of time may apply for the renewal of the residence permit for successive five-years periods, providing the conditions generated the right are maintained. The granting of a "Authorizaton of Residence" (Golden Visa) for investors constitutes title enough to live and work in Spain during its term. II) PROCEDURE In accordance with the Law 14/2013, holders of a temporary visa or residance permit that are legally in Spain…