Golden Visa - Residency in Spain for you and your family
Introduced in 2013, Spain's Golden Visa offers families from outside the EU a fast and effective way to gain spanish residency. With our legal partners we provide all you need to know about gaining spanish residency using the Golden Visa. The Golden Visa requires you to invest in real estate in Spain.
If you want to learn more about how you and your family can benefit from Golden Visa and getting in touch with trustworthy layers, email email@example.com. We will then arrange a consultation with you.
HOW MUCH DO I NEED TO INVEST IN REAL ESTATE?
You need to purchase a property for a minimum value of €500,000. The property can be either residential or commercial. The €500,000 must be all your money and not given to you by a bank mortgage. For properties costing above €500,000 the amount in excess of €500,000 can be paid for by a bank loan or mortgage. If you want income from your property investment you may rent it out. Any number of properties can combine to make up the €500,000 minimum investment.
What are the government taxes and Notary fees for buying a property?
You should allow approximately 12% on top of the real estate purchase price to pay for government taxes and Notary fees. This is a once-off payment when you complete your property purchase.
WHAT IS THE PROCESS?
You can apply for the Golden Visa once you have found a property and signed a purchase contract. The application can be made before you have paid the full amount for the property, however the total funds must be ready in a bank account in Spain. The application for the residency visa then takes just 10 – 15 days. It is issued for two years, if applied for in Spain, and can then be renewed for a further five years provided the investment is maintained.
Once a property has been selected through ourselves at Aldemar, the lawyers we recommend take care of the application process, conveyancing and legal work for the property. A typical application involves initial discussion with ourselves followed by a 3 or 4 day visit to Spain to view properties and meet with lawyers. The golden visa application after this point can be made within Spain or at a consulate outside of Spain.
WHAT ARE THE REQUIREMENTS?
In addition to the real estate investment applicants will need a clear criminal record, medical insurance and sufficient economic means to cover any stay in Spain. Also applicants must not have previously been refused visas or entry into the Schengen zone. Applicants should satisfy government criteria for the Golden Visa. Email firstname.lastname@example.org to arrange a consultation.
WHAT ARE THE FEES FOR THE GOLDEN VISA?
Lawyer fees will apply for the processing of the golden visa for the applicant and family. Fees will vary depending on family make up and situation. We recommend providing around €8,000 for lawyer fees for a family application.
CAN MY FAMILY BE INCLUDED IN THE GOLDEN VISA?
Qualifying family members include spouse and all children under 18. Children 18 and over and parents can qualify if dependent.
WHAT ABOUT HEALTHCARE?
Generally it is better for your family to have medical insurance. You can also make use of state provided facilities.
CAN I TRAVEL THROUGHOUT THE EUROPEAN SCHENGEN AREA?
The Spanish residence permit gained through the golden visa allows freedom of travel throughout the EU Schengen zone.
WHEN DO I GET SPANISH CITIZENSHIP AND PASSPORT?
Permanent Residency can be gained after five years in Spain provided the applicant has lived in the country for more than six months each year. Citizenship in Spain can be applied for after 10 years. However applicants will need to have been resident throughout that period in order to gain citizenship and a Spanish passport. Once applicants have either permanent residency or citizenship then they are free to dispose of their investment as further golden visa renewals are not necessary.
For more infomration on Golden Visa and selecting your property, email us on email@example.com.