GOLDEN VISA NOW AVAILABLE FOR BRITISH BUYERS
23rd January 2021
Historically the Foreign Ministry in Spain received hundreds of calls each week from Russian, Chinese, American, Arab and Asian buyers inquiring about the Golden Visas. Now, following Brexit, more and more British citizens are taking advantage of the “Golden Visa”, as it entitles them to stay in Spain all year should they wish, rather than a maximum of two 90 day periods during a calendar year. The Golden Visa Residency in Spain is also granted for spouses and children of the non-EU citizens (including Brits) investing € 500,000.
Another added advantage for British buyers is that as Spain is part of the Schengen Zone it means that they can travel freely in 26 European Countries.
What Does The Golden Visa Mean To You?
Visa-free travel to Spain
Free travel within the 26 countries of the Schengen zone
Own a home in a sought-after European tourist destination
Initially allow Golden Visa holders to stay in Spain for a maximum of one year (currently 90 days in any six-month period)
Entitle Golden Visa holders to obtain a further two-year Residency permit after the one-year period which is renewable every two years as long as the investment threshold of € 500, 000 Euros is maintained
The Golden Visa covers spouses and children under 18 as well.
Visa Requirements
Be 18 years or over
Have no criminal record
Not to have been refused entry in any of the Schengen countries
Have public or private health insurance authorised to operate in Spain
Have sufficient economic means to cover personal and family living expenses
Prove ownership of one or more immovable properties in Spain with an overall net investment contribution above € 500,000. Financing is possible for amounts in excess of € 500,000.
Proof of the investment must be made through a Registry of Property certificate attesting ownership. Or, if the ownership title is not yet registered, via a copy of the acquisition public deed and proof of filing the deed in the Registry.
Should you be interested in learning more about the Golden Visa please contact us, as we have assisted many clients in obtaining the Golden Visa.
Published by David
