La Vida Spain was awarded best international agent by Spanish banking group Banco Sabadell this month. La Vida Spain is one of the largest sellers of bank properties to the international market and is able to package portfolios of property for international investors seeking the golden visa in Spain. The investor visa rules allow multiple properties within the €500,000 limit and bank owned real estate offers the most distressed and discounted prices in Spain. Investors buying for residency and eventual citizenship can benefit from capital gains by buying now and holding for 5 or 10 years eventually selling when permanent residency or citizenship is obtained in Spain. Many of the properties we offer from the banks are discounted by 50% or more from their prices back in 2007.
We have received a number of enquiries regarding the minimum stay requirement in Spain for the investor visa. Tax residency and citizenship in Spain are also questions that arise. In summary:
There is no minimum stay requirement. You can obtain the investor visa after completing on the property purchase(s) over €500,000. You do not need to spend time in Spain but you do need to be present (for a few days) to re-apply every two years.
You can keep renewing the investor visa if you retain the real estate investment. You can also apply for permanent residency. To do this you need to spend five years living in Spain. (ie over 6 months each year). Then you no longer need to retain the investment.
To apply for citizenship in Spain (and hence European citizenship allowing you to live and work anywhere in Europe) you need to demonstrate 10 years permanent residency.
You will not pay tax in Spain on worldwide income unless you are resident in Spain (ie live there more than six months a year).
Any questions please post below.