In the past few years, the demand for residency in European countries by non-EU nationals has grown several times. In this light, the “Golden Visa” scheme has been introduced to offer residency in exchange of a real estate investment under certain rules and regulations with a little variations from country to country.The Golden Visa concept intends to attract foreign investment and stimulate the property market and economy.

Benefits of a Golden Visa in Spain

• Allows to move freely and without restrictions in the ‘Schengen area’ (France, Spain, Austria, Germany, Denmark, Belgium, Greece, Estonia, Finland, Iceland, Hungary, Italy, Latvia, Lithuania, Czech Republic, Liechtenstein, Luxemburg, Netherlands, Norway, Sweden, Switzerland, Malta, Poland, Portugal, Slovenia, Slovakia).
• This residence permit is valid for two years and could be renewed for a further period of two years
• Does not require a minimum period of residence in Spain of 183 days for its renovation (the beneficiary can keep his tax address out of Spain).
• Apart from the investor, his family, spouse and children under 18 years or dependent adults due to health reasons, can also request the visa.

The steps to getting a Golden Visa in Spain:

• You arrive Spain with your travel visa and look for a property
• Once the purchasehas been completed and you have got the Title Deed you can apply for a visa for one year.
• After receiving your Golden Visa, you can keep renewing it, as long as the investment threshold is maintained. Five years later, it is possible to obtain permanent residency – and after ten years, the carrier is given the option to apply for Spanish citizenship.

Why to invest in Marbella?

Ever since the Golden Visa schemewas launched in 2013, buying a property in Spain for residency has become increasingly popular. Each country has different Golden Visa program.

Marbella is an attractive option due to its location and climate, its status within the European Union, and the regulations of the Golden Visa program itself. Let’s have a look at points which can evokean interest in Marbella:

• Rental yields are high, offering investors the potential of a regular income from their investment.
• The Residency Permit allows the right to work in Spain.
• The property purchase can be done either directly or indirectly through a registered company, as long as they continue to hold the majority of shares and the company’s address is not located in a tax haven.
• Marbella has excellent communication links and easy to reach by car, plane and boat as well. There are excellent highways, several prestigious yacht harbors, nearby airports in Málaga and Gibraltar.
• Marbella is renowned for some of the best international schools in all of Europe.
• The Spanish health service is excellent. The residents of Spain have access to world class medical care.
• Marbella offers enormous lifestyle benefits including an enviable year-round mild climate, a fantastic outdoor lifestyle, award-winning gastronomy and architecture, superb ski slopes and beautiful beaches.
• Life expectancy at birth is the highest in Europe at 85.7

The most important aspect of applying to Spain’s Golden Visa Program is finding the right property that suits your needs. Ask yourself a few questions: Would you consider about a vacation home or a permanent residence? Would you like to make a sound investment with high rental income?

Marbella Choice Team can assist with every aspect of your purchase, including the legal support, property rental and maintenance. Allow us to guide you through the steps of Spanish Golden Visa application to eliminate hassles. Use our expertise along with unparalleled knowledge in Spanish real estate to ensure an investment in the right property with great future potential. If you require any further information on Golden Visa, our lawyer will be pleased to advise you.

Your Choice, Our Expertise!