The Spanish Golden Visa is currently a hotter topic than ever. Post-Brexit, British nationals have joined the ranks of non-EU citizens who have to concern themselves with visas for living and working in Spain and for spending unrestricted periods anywhere within the Schengen zone. The Golden Visa can be a great solution.
With the Spanish Golden Visa you get automatic residency, the right to live and work in Spain and the right to unlimited travel within the Schengen zone for you and your family. You are not even obliged to spend a minimum length of time per year within the country – other visas require proof that you spend at least 6 months a year, which is also the length of time that makes you a fiscal resident.
A stunning property close to the beach in Ribadesella…
In short, the golden visa gives you the most rights and freedoms with the least limitations and obligations and is well worth considering if you have the means to meet the investment criteria.
The simplest way to obtain the Golden visa is by investing a minimum of 500,000€ in property within Spain. This can be spread across a number of properties and a range of areas and there is no set time frame within which you must make the purchases. So, if you already own a property in Spain that could count towards it. One important point to note is that the qualifying 500,000€ must be paid for out of your own pocket. You can take out a mortgage on anything above that amount if your purchase is more expensive.
Many non-EU citizens wishing to make the move to Spain are opting to buy their main family home at a more modest cost and making up the rest of the required Golden Visa spend with investment property. With a booming tourist rental sector if you invest wisely you could be looking at a healthy income from your investment as well as starting your new life in Spain in the home of your dreams.
Full details of requirements are listed here on the Spanish government website
If you are interested in a Golden Visa some of the properties on our site that may interest you are:
A no-expense spared mansion close to the beach in Western Asturias for €1,700,000
This traditional country estate with 17,000m2 of land close to Llanes at €590,000
A substantial villa on the second line from the beach in Ribadesella at €1,100,000
This rural tourism business in the heart of Teverga at €750,000
And if you are interested in learning more about the visa please get in touch….
