If you’re considering purchasing a property in Spain, your stay duration could prompt the need to consider long-stay visas. While many La Finca Golf Resort property owners utilise their homes as holiday residences and don’t exceed the requisite stay periods, individuals residing outside the European Union planning to spend more than 90 out of 180 days in Spain necessitate a long-stay visa. One such option is the investors and entrepreneurs visa, commonly known as the Golden Visa.
The Golden Visa is a sought-after choice as it permits both residency and employment in Spain, distinguishing it from other long-stay visas that solely offer residency rights. Furthermore, it facilitates bringing your family to Spain and grants access to Spanish public services, including education and healthcare—a significant advantage. However, it’s essential to maintain health insurance coverage in Spain alongside this visa. The Golden Visa mandates a minimum annual visit to Spain and is relatively straightforward to renew once granted.
The Golden Visa targets investors and entrepreneurs who contribute to the Spanish economy through financial investments, including property acquisition. To qualify, the total value of the property or properties purchased must exceed €500,000, and the investment must be made without financing, such as a mortgage.
In addition to the €500,000 investment threshold, applicants must demonstrate sufficient economic resources to support themselves and their families. Further details on how this requirement is calculated can be found below.
Properties available for sale in La Finca Golf Resort vary in price, with some exceeding the €500,000 threshold, making many of our listed properties eligible for the Golden Visa. Consequently, it’s a preferred option among non-EU residents of La Finca Golf Resort.
To assess your financial ability to support yourself and your family, the Spanish IPREM serves as a benchmark index. To qualify for a Golden Visa, you must demonstrate that you possess or will have 400% of the Spanish IPREM, with an additional 100% for each additional family member.
As of 2023, the IPREM stands at €600.00 per month. Therefore, you must prove either a monthly income equivalent to 400% of this amount, totaling €2,400.00, or have sufficient funds in your bank account to cover the upcoming year, totaling €28,800.00. Additionally, you must show an extra 100% for each family member, equating to €600.00 per month or €7,200.00 per year.
When you purchase a property in Spain through us, we collaborate with Spanish Lawyers who will provide comprehensive assistance throughout your purchase process, including guidance on long-stay visas.
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