Spain's golden visa program for non-EU citizens who invest in real estate allows investors to obtain a residence permit, which enables them to live and work in Spain, travel within the Schengen Zone, and enjoy all the benefits of being a Spanish resident. In this blog post, we will discuss how to obtain a golden visa in Spain by investing in real estate, with a focus on Valencia as a potential location for investment.
Investing in real estate in Valencia, Spain has recently become a popular choice for investors due to its stable economy, growing real estate market, and high quality of life. With the added benefit of the golden visa program, investing in Valencia can be a smart financial move for those looking to live and work in Spain while enjoying all the benefits of being a Spanish resident.
To obtain a golden visa in Spain, an investor must invest a minimum of €500,000 in Spanish real estate. The investment can be made in one or more properties and can be financed through a mortgage. The investor can purchase any type of property, including residential, commercial, or land. However, the property must be free of liens and encumbrances, and the investment must be maintained for the duration of the visa.
To qualify for the golden visa program, investors must meet certain requirements, including being of legal age, having no illegal entry or criminal records within the last five years, and having public or private health insurance from an authorised company. Additionally, investors must prove sufficient economic resources, which is €2,400 monthly support plus €600 per dependent family member.
Once the investment is made, the investor needs to obtain a certificate of investment from the Property Registry. This certificate confirms that the investment has been made and that the property is free of liens and encumbrances. After that, the investor can apply for a visa at the Spanish consulate in their country of residence.
A: Yes, investors can invest in one or more properties to meet the minimum investment requirement of €500,000.
A: Please remember that the property purchase for Golden Visa must be mortgage-free for the first €500,000. If however you purchase a property for €800,000 for example, you can request a mortgage for €300,000.
A: Yes, investors can purchase any type of property, including residential, commercial, or land.
A: When applying for a golden visa in Spain, one of the requirements is to prove the acquisition of a property in the country with an investment value of at least €500,000. However, it is important to note that the property must also be free of any charges or encumbrances on that initial €500,000. This means that the property cannot have any outstanding debts or loans that could hinder the investment value.
Therefore, if the property has a lien or encumbrance, it would not be eligible for a golden visa in Spain. It is essential to ensure that the property is free of any charges or encumbrances before investing, as this can affect the visa application process. It is advisable to seek legal advice and conduct thorough due diligence to avoid any issues in the future.
Yes, investors can sell the property after obtaining the golden visa, but they must maintain the minimum investment of 500,000€ for the duration of the visa. This means that investors can sell the property after they have obtained the visa, but they must continue to hold the investment until the visa expires. It's important to consult with a legal professional to ensure that you fully understand the requirements of the golden visa program in Spain before making any investment decisions.
Investing in Valencia can create countless opportunities, however it can be difficult to go through the entire process by yourself, that's why weVLC is here to help.
If you are interested in obtaining a golden visa in Spain by investing in real estate, weVLC can help you achieve this goal. Our 360 service provides access to high ROI properties, free of hassle, operated through our co-living concept, which can help you meet the €500,000 investment requirement.
By investing in weVLC properties, you can generate income while meeting the requirements for the golden visa program. Contact us today to learn more about how we can help you obtain a golden visa in Spain through real estate investment.