GOLDEN VISA for Real Estate Investors
In this blog we will analyce the requirements that must be met to obtain the “Golden Visa for Real Estate Investors” in Spain through real estate investments, as well as the terms of validity of this.
The Spanish Law 14/2013, of September 27, on support for entrepreneurs and their internationalization, certain cases are regulated in which, for reasons of economic interest, the granting of visas and residence permits is facilitated and expedited , in order to attract investment and talent to Spain.
Our English-speaking lawyers in Marbella help clients get the Golden Visa in Spain.
Requirements for obtaining the GOLDEN VISA for Real Estate Investors
First of all, we must say that it will not apply to citizens of the European Union and to those foreigners to whom the law of the European Union applies, due to the fact that they are already beneficiaries of the rights of free movement and residence.
In order to obtain the Golden Visa in Spain as a real estate investor, each applicant must acquire real estate in Spain (property consisting of land or buildings) for a value equal to or greater than 500.000 Euros, free of any charge or encumbrance. The part of the investment that exceeds the required amount (500.000€) can have charges or encumbrances.
Also it is considered a investor a foreigner who has made a investment through a legal person that is not domiciled in a tax haven, provided that he holds directly or indirectly the majority of the voting rights of the company and can appoint or dismiss the majority of the members of the board of directors.
Obtaining a residence visa for investors allows to reside and work in Spain during its term.
Our English-speaking Lawyers in Marbella get for clients the Golden Visa in Spain which allows clients to reside and work in Spain during its term.
In addition to the investment of real estate worth 500.000 Euros or more, the applicant must prove:
Not being irregularly in Spanish territory.
Being over 18 years old.
Not having criminal records during the last five years.
Not appearing as rejectable in the territorial space of countries with which Spain has signed an agreement in this regard.
Having a public insurance or private health insurance arranged with an insurance company authorized to operate in Spain.
Having sufficient financial resources for the applicant and their family members during their period of residence in Spain.
The duration of the visa will be one year and also includes the spouse and the minor or older children who are still financially dependent on the applicant, provided that compliance with the requirements set forth in the previous section is proven.
Do not hesitate to contact our law firm in Marbella if you have any questions about the Golden Visa in Spain or when buying a property in Spain, our team of expert English-speaking lawyers in Marbella will be happy to advise clients and carry out all the procedures to get clients the Golden Visa in Spain.