We have published the main details of the legislation for investors gaining residency through a property purchase in Spain. See the investor golden visa page. We expect this law to be passed with a few months. It is also retrospective so anyone buying now will qualify. It also takes typically three months to purchase a property in Spain. Investors looking to gain a visa are advised to start the process as soon as possible. Please contact our main office on +44 208 429 7115 for further details or to arrange visits and applications.
The Spanish government yesterday published the new “Emprendedores” or “Entrepreneurs” law. It includes new rules on visas and residency, the so called Golden Visa for Spain. The limit for a residency visa through a property purchase in Spain will be €500,000. The government hopes to have the new law ready by August. It looks ambitous considering it has taken eight months to reach this point but thankfully there seems to be some urgency now in pushing this through. It was published by the official bulletin of the Spanish Parliament. So it can be trusted as an official initiative (the first official document on this law) although changes are still possible. Soon we should be able to offer solutions to clients for Spanish residence visas through the purchase of property in Spain. We will publish more here once our lawyers have had chance to decipher the proposed legislation, hopefully in the coming days. If you haven’t already done so please sign up for our blog and you will be notified as developments happen.