Golden Visa: 3 Things You Need To Know Before Buying Property In Spain
The Spanish Golden Visa program is one of the most accessible residence programs for non-EU citizens to buy real estate in Europe. The scheme offers fast track visa applications and residency permits for non-EU citizens who invest 250,000 euros or more in a residential property or business in Spain or spend 500,000 euros or more on new residential properties that are registered as second homes under the same ownership.
Buying a property in Spain
The Golden Visa program is open to anyone who wants to buying a property in Spain. However, there are some requirements that you must meet in order to qualify. First, you must spend at least 500,000 euros on a residential property. Alternatively, you can spend 250,000 euros on a residential property that is registered as a first home under the same ownership. If you meet these requirements, you must complete the property transfer process and register your new property at the Spanish Land Registry within 6 months after the purchase.
How Does the Spanish Golden Visa Program Work?
The Spanish Golden Visa program is a real estate-based residence option that puts non-EU nationals on a path to Spanish residency. The program is open to people from all over the world and can be used in combination with other residence programs to gain long-term European residence. To qualify for a Golden Visa, a non-EU citizen must spend at least €250,000 on a residential property or €500,000 on new residential property for resale.
The property must be registered as a second home under the same owner. Non-EU citizens who invest €500,000 in a business that creates at least 10 jobs in Spain can also qualify for a Golden Visa. The investment can be in any sector, but some have a higher rate of approval than others.
Non lucrative visa Spain
You can use the Spanish Golden Visa program to invest in a non lucrative visa spain real estate project and get a residence permit without having to pay the full €250,000 purchase price. Non-profit organizations can apply for a Golden Visas Investment Certificate (CIED), which provides a way for donors to obtain a visa for as little as €50,000. CIEDs are issued for projects that provide social or environmental benefits.
If you are applying for a non-profit visa, you will need to prove that the project is listed as a public interest organization by the Spanish government.
Documents Needed to Apply for a Spanish Golden Visa
To qualify for a Golden Visa, you must provide documentation that you have the funds to cover the investment. The Spanish government requires applicants to provide proof of investment funds originating from legal sources such as: – A bank statement showing the funds are available in the applicant’s name. – Proof of a cash withdrawal that shows the transaction took place in the applicant’s name. – A letter from a financial institution that confirms the funds are available in the applicant’s name. – A notarized letter from a financial institution stating the funds are available in the applicant’s name.
Some applicants may also be required to provide proof of the origin of their funds, depending on the country in which they reside. Non-EU citizens who reside in one of a handful of countries are required to undergo a special verification process prior to applying for a Golden Visa.
My Spain Visa
Each year, hundreds of thousands of people from around the world apply for a Golden Visa. My Spain Visa is the best way to find the perfect investment property in Spain, get qualified for a Golden Visa, and complete the application process seamlessly. My Spain Visa can help you find a suitable investment property in the ideal location for your needs.
They can also help you apply for a Golden Visa, complete the application process, and assist you with obtaining the necessary visa documentation once you are approved.
Conclusion
The Spanish Golden Visa program is one of the most popular residence programs in Europe. Non-EU citizens who buy a residential property and meet certain criteria can qualify for a Golden Visa and fast track residency in Spain.
The Spanish Golden visa Spain in 2022 program is open to people from all over the world, regardless of their country of origin. Investors must spend €250,000 on a residential property or €500,000 on new residential property for resale. The property must be registered as a second home under the same owner.
Source: A Buyer’s Guide to the Golden Visa: Everything You Need To Know Before Buying Property In Spain
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