Equitas property are a top real estate agency in Spain. We help clients with information regards a golden visa Spain and how to apply for the golden visa. This article will help you understand regards any questions you have about both the golden visa and residency permits and applications in Spain
What is a golden visa Spain?
The Spanish residence permit also known as the golden visa Spain is a law in Spain which is available to investors to invest in the country it was introduced to stimulate clients wishing to buy property or invest a minimum of 500,000 euros which then automatically gives a Spanish resident permit.
What about taxes with the golden visa?
This depends on how much time you spend in Spain during a 1 year period. Should you spend more than 6 months per year you are considered Spanish resident and as a consequence will be liable for Spanish taxes the same as any person spending more than 6 months per year in Spain. This includes you worldwide assets IE as the same as the country you live in now.
However, if you spend less than 6 months per year in Spain you will only pay taxes on your initial real estate purchase to qualify for the golden visa.
Is a golden visa permanent?
Yes, eventually the permanent residence visa are golden visa is valid for the maximum of one year. However, you can apply to extend the Spanish residence permit for 2 years. This two year permit can be renewed every two years, providing your initial investment is still in place in Spain.
Providing you spend at least 6 months in any given year in Spain you can then after 5 years apply for permanent residency. After 10 years you can then apply for Spanish nationality.
Who is a golden visa in Spain for?
The golden visa Spain is perfect for anyone wishing to have a Spanish residence permit and enable free travel rights within the EU. It also alleviates spending too many days residing in Spain avoiding any potential residence pitfalls. Obtaining the golden visa often alleviates a lot of the tedious processes of normal Spanish residency and is a pretty straightforward process.
How many times do you have to visit Spain to keep your golden visa?
You have to visit Spain once a year to maintain your golden visa.
Can your family be put on the golden visa?
Your spouse and any children are dependents under 18 can apply for residency also
How often does the permit need renewing?
The golden visa permit needs to be renewed every 2 years.
Can you work as a self-employed business or an employee with the golden visa?
Yes, you are permitted to work as long as you have been granted the two-year permit. This is great news and allows you to live and work in Spain some or all of your time.
Does a golden visa Spain it allow you entry to the other EU countries?
Yes, you are permitted entry into Spain and all the remaining 26 EU countries in the Schengen zone. This is a big deal, it basically gives you the freedom once afforded to the UK before Brexit and you can be European with the added bonus of no restrictions on moving to and from the UK.
What are the qualifications you need for the golden visa?
- Buying property in Spain with a value of over 500,000 euros
- Starting a business in Spain creating jobs and employment also businesses that contribute to technological are scientific innovation.
- A 2 million euro investment in Spanish public debt
- 1 million euro investment into shares of Spanish enterprises and companies.
Do you have properties that would qualify for the golden visa Spain?
Absolutely, we have access to over 20,000 properties on the Costa Del Sol and beyond. We pride ourselves on our customer service. We do not take days to come back to enquiries and always available on WhatsApp. To view just a click here > properties for sale on the Costa Del Sol.
What is difference between a Golden Visa and a Non lucrative visa?
With a Non lucrative Visa to usually lost the ability to work. however, this is not always the case. This subject is quite refine for better to contact us for more information.
Can you purchase more than one property to qualify for the golden visa?
Yes, you can buy one property totalling 500,000 euros or several properties to combine the investment to 500,000 euros. The investment must be completed before the application for the golden visa Spain.