Golden Visa Spain: 10 frequently asked questions

02 October 2019

The Spanish Golden Visa is a success story.

Spain is Europe’s leading Golden Visa supplier since 2017. Not surprisingly, Spain is the world’s second tourist destination. It ranks as one of the most attractive countries in the world to live and work in. A Golden Visa allows you and your family to live this dream.

Although this procedure was originally tailored to cater to well-off Chinese and Russian nationals, many other nationalities have taken advantage of it. British nationals should consider looking into it with renewed interest in a post-Brexit era. The reason is because this scheme would allow British nationals – that lack a EU passport – to travel across Europe skipping pesky passport controls on equal footing to EU nationals. Much like before the UK voted to break away from the Union.

Spain’s Golden Visa programme allows affluent non-EU applicants, and their dependants, unfettered access across Europe´s Schengen Area. Travel unmolested through all of Europe!

A Golden Visa enables you, and your family, to live and work in Spain (Europe). This visa guarantees Spanish residency, which eventually leads to Spanish citizenship (optional). Live the dream, apply now!

Thousands of non-EU nationals have already secured their families’ future and well-being on benefiting from this special arrangement that rolls out the red carpet cutting through all the red tape. Spain’s Golden Visa is a success story, be a part of it!

Why haven’t YOU invested in your family’s future?

Contact me at Alanda Properties for hugely discounted long term lets in Marbella and the Costa del Sol. You will be surprised to learn the bargains this new market has to offer on prime locations.

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10 frequently asked questions

1. Can I request a mortgage on investing €500,000 in Spanish real estate?

Only on the excess above €500,000. The law only requires that the first €500,000 is unencumbered – meaning the equity threshold must be free. The excess can indeed be financed through a mortgage loan if necessary.

2. I have read that I need to spend over six months in Spain to qualify for residency. Is this true?

No, it is unnecessary. A GV overrides this requirement. This law specifically targets affluent individuals who will normally be residing and working elsewhere. That doesn’t preclude the investor’s spouse and children from living and studying (or even working) in Spain (Europe).

3. Can I obtain permanent residency or even Spanish citizenship through this law?

Yes eventually, assisted by lawyers specialising in residency. Alanda Properties assigns you an in-house residency specialist to handhold you during the whole Golden Visa procedure. We will walk you through the whole procedure.

4. How long does it take to attain a GV application?

On average, it takes under 2 months.

5. Can I work in Spain?

Yes. Following a change in the GV law, the main applicant may now work in Spain.

6. Can I make use of the public healthcare system?

No. This blue-ribbon visa targets wealthy non-residents who must hire their own private insurance.

7. Does the GV also include the investor’s family?

Yes, of course. A married couple and their children under 18 are included under the same application as a family unit. Same-sex partners qualify as a married couple. In some cases, children over 18 y.o. are also included. The term family must be understood broadly.

8. How long does the Golden Visa last for?

Two years, and you may renew it for a further 5 years.

9. Do holders of the so-called Golden Visa have unrestricted access to move within the European Union?

In a nutshell, yes. Holders of a Spanish Golden Visa do not require a visa to enter Europe’s Schengen Area. They can transit and enjoy free movement within the Schengen Area for a maximum period of three months (90 days) in every rolling six-month period from the date of first entry. You will have unfettered access to move within the EU.

10. Where do I apply for a Golden Visa?

Through us! Just give us a call and Alanda Properties will assign you one of our GV experts. It’s that simple.

Your family’s success is only one call away. Call now:

Mobile: (+34) 628 477 801

Landline: (+34) 951 894 675

 

 

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