REAL ESTATE |GOLDEN VISA
“INVEST IN A PROPERTY & RECEIVE A GOLDEN VISA”
In line with our main goal of simplifying the difficulties of purchasing a property in Mallorca, we are now assisting you from a non-EU country to feel safe and well-informed when you're investing in a property to receive your Golden Visa. When applying for the golden visa you will not only be assisted by us but also by our personal and trusted lawyer, who we can assure you will make this application as simple and reliable as possible. Connect below and begin your journey toward Mallorca.
“FEEL SAFE & INFORMED TOWARD YOUR SPANISH RESIDENCE PERMIT”
GOLDEN VISA BASICS
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CONTRIBUTION COST
If you decide to purchase a property, each person involved has to pay €500,000 to be eligible for the Golden Visa. It is not possible to split the investment into smaller amounts, as you would not be eligible for the Golden Visa residency.
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RESIDENCE PERMIT VALIDATION
The first residence permit is valid for two years and once that period has expired, non-EU investors who are interested in residing in Spain for a longer period may apply for renewal of the residence permit for successive five-year periods, as long as the conditions are maintained. After five years it is possible to gain permanent residency and after ten years citizenship.
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TAXES
The Golden Visa in Spain does not oblige you to pay any taxes, it depends on the total time of residence in the country. If this is more than 183 days per year, then you are obliged to declare your total income. However, what you will have to account for to the Spanish authorities will be the profits from the investment made.
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GOLDEN VISA REQUIREMENTS
Being 18+ years old. Having public or private health insurance by a company authorised to operate in Spain. Disposing of sufficient financial means, covering personal and family living expenses, for residency in Spain. Not having been refused entry into any of the Schengen countries. Not having entered or stayed illegally on Spanish territory. No existing criminal record in Spain, nor in the country of residence during the last 5 years.
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FAMILY APPLICATION
The Golden Visa also allows you to obtain permits for your spouse or person in an analogous relationship, as well as for minors under 18 years of age who are dependants. Permits may also be requested for those over 18 years of age who are still economically dependent on the applicant and who do not have their own family unit. If the applicant’s parents are dependent on him/her, they may also be included.
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LOAN & GOLDEN VISA
Any excess amount over €500,000 invested in Spanish real estate maybe loaned through a mortgage. However, the law does not allow investors to work with any lenders for the initial €500,000. This amount has to remain unencumbered.
Connect below and we will go into dept how to succeed with your Golden Visa application.