Gold Visa Gold Visa Spanish residence for foreigners Foreign real estate investors can, from September 27, 2013, obtain a Spanish residence permit by purchasing one or more homes.
Who is eligible for the Golden Visa?
To be eligible you will need to invest in a Property For Sale in Spain of a minimum of 500,000€ per person in cash, Applicants can also invest €2,000,000 in Spanish government bonds. Mortgages and loans can only be used if supplementary to the cash investment – we can also help you to secure a favourable mortgage, if required.
The Spanish residence permit “Visa Oro” will allow the foreign investor to reside in Spain and travel throughout Europe, thus promoting the Spanish real estate market.
LuxuryForSale.Properties team can help you obtain Spanish residency by answering all your questions and putting you in touch with a specialist who can help you find the best solution to quickly obtain Spanish nationality by residence.
To obtain this gold visa, investments must satisfy one of the following conditions:
– Make an investment worth € 500,000 or more, must be free of charges.
– The applicant must prove that the investor is the owner of the property or real estate for the minimum amount of € 500,000. To do this, you must provide the certificate or certificates of ownership from the Property Registry that corresponds to the property or properties.
-To buy a home, it is only necessary to have the NIE. It is not mandatory to have a bank account in Spain, although it is recommended.
– Have a public or private health insurance authorized in Spain.
– Other usual requirements such as: Not being illegally in Spain, being over 18 years old, not having a criminal record and having health insurance. Visas are granted for two years, and can be renewed after two years as long as the criteria are still met.
The golden visa is a passport to the european market and to an european lifestyle. This is an opportunity you shouldn’t miss. Spain is a country with a high quality of life, low cost of living, beautiful beaches, cosmopolitan cities, excellent food and nice and warm people.
Since the introduction of the new ‘Proyecto de Ley de apoyo a los emprendedores y su internacionalización’ legislation in October 2013, non-EU investors can apply for permanent residency in Spain. This residency permit is often referred to as the ‘Golden Visa’, and it allows free movement between EU member states. These visas are clearly not for everyone. The minimum qualifying investment is, in every case, a substantial sum of money. But government representatives in all countries report that interest is high. Most interest comes from China with significant further interest coming from Russia, India and various other countries in Africa, South America and Asia.
Successful applicants will, initially, receive a one-year, temporary residence visa which can be renewed twice for two year extensions.
Applicants in all countries can apply to bring their spouses and dependent children with them.
Let us know if you are interested in obtaining a Golden Visa and we will be able to tell you if you fulfil all of the necessary criteria. LuxuryForSale.Properties can put you in touch with experienced Lawyer in Marbella area, who can assist your application for a ‘Golden Visa’.
Luxury Real Estate Spain.