Non-EU citizens and overseas investors, which now includes UK nationals!, can apply to obtain Residency under what's being called a 'Golden Visa' scheme allowing them to live in Spain providing certain criteria are met. To qualify the applicant must invest a minimum of €500,000 in Spanish property. This can be a single property or several properties providing the minimum investment amount is satisfied. This will enable Visa holders to be based in Spain and travel around Europe freely including the 26 Schengen zone countries.
The investment in property can be residential, commercial or land. There is no requirement for specific use so properties can be leased,, rented or occupied for personal use. There is no minimum time set to remain in Spain but there is a minimum visit to Spain of at least once in the first year after the investment is made. The visa is granted initially for one year but all being well the term can be extended for a further one year making it a two-year visa, providing that the minimum investment is maintained. At the end of two years, it can be applied for again for a further two year period and upon expiry of five years, it may be possible to submit an application for a limit-less residency permit. After ten years of residency in Spain, the investor can apply for Spanish citizenship, again providing all other criteria is met for classification as a permanent resident of Spain based on the 183 days per year rule.
Golden VISA - Are you looking to invest in property for their Golden VISA application? Do you want something modern and luxurious with views but without having to wait 2 years? A home that is close to Marbella, but without the Marbella price tag? We can offer properties that qualify.
Example: See below - ONE RESIDENCES, LA CALA
3 Bed 1st Floor Apartment: 122m2 interior / 55m2 terrace exterior, Price: €569,000