We offer a complete property and Spanish Golden visa service in which we help you to find a portfolio of properties, perform all the legal work involved in the property purchase as well as the work to obtain residency in Spain. Look here www.pisosconvistasalaplaya.es for our current properties.
Congress in Spain approved legislation for the Golden Visa on September 27, 2013. TIt grants automatic residency in Spain when you purchase property for 500,000€ or more. This can be any type of property, a home, commercial property or land, or even a combination of property types. As opposed to the wealth visa, the property visa does not require that you reside in Spain 183 days of the year.
In 2015, the Golden Visa experienced an easing in its criteria for both its concession and renewal. This has helped to overcome some of the bureaucratic hurdles. The government has also expanded the beneficiaries of the scheme to include unmarried couples (Parejas de hecho).
The main objective of the law is to attract entrepreneurs to the country, and boost investments in Spanish real estate, public debt, and job creation. The most common requirement is to make an investment of at least 500,000€ in real estate. In the case of real estate investments, any type of real estate will qualify be it residential, commercial or vacant land. Also, the investment may consist of several smaller investments and, once the total of 500.000€ has been reached you may qualify for a Golden Visa.
The Golden Visa differs from the traditional Spanish residency permits in a number of aspects:
– The renewal of a Golden Visa does not require a minimum annual stay in the country
– A much easier and faster application procedure
– It includes a working permit
– It allows the investor to bring along his or her partner and children under 18 (and even children over the age of 18 and parents if such persons are economically dependent on the visa holder)
Though there is no limit to the number of times that the Golden Visa can be extended (as long as you keep your investment) if you actually live in Spain permanently with your Golden Visa, your status can change to ‘long-term resident’ after five years. The main effect is that you do not have to maintain the investment to keep your resident status, and you can apply for a change of residency to another EU country.
If you live in Spain permanently then you may obtain Spanish citizenship after 10 years, which includes the right to a Spanish passport. Latin American citizens and certain other countries may attain citizenship after two years.
However the option to seek nationality applies only to investors who actually reside in Spain. Investors who come to Spain only occasionally with their Golden Visa are not eligible for citizenship.
Contact us for more information:
Pisos Con Vistas a la Playa SL
Av. del Marqués de Sotelo, Nº 4,1E
+34673509734 Luisana Ramirez
+34673467215 Ian Richard Clark