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If you’re contemplating purchasing property in Spain, the duration of your stay may necessitate consideration of long-stay visas. While many La Serena Golf property owners use their homes as holiday residences and don’t exceed the required stay periods, individuals from outside the European Union intending to spend more than 90 out of 180 days in Spain need to obtain a long-stay visa. One such option is the investors and entrepreneurs visa, commonly known as the Golden Visa.
The Golden Visa is highly sought after as it allows both residency and employment in Spain, distinguishing it from other long-stay visas that only offer residency rights. Additionally, it facilitates bringing your family to Spain and provides access to Spanish public services, including education and healthcare—a significant advantage. However, it’s crucial to maintain health insurance coverage in Spain alongside this visa. The Golden Visa requires a minimum annual visit to Spain and is relatively straightforward to renew once granted.
The Golden Visa is designed for investors and entrepreneurs who contribute to the Spanish economy through financial investments, including property acquisitions. To qualify, the total value of the property or properties purchased must surpass €500,000, and the investment must be made without any financing, such as a mortgage.
In addition to meeting 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 Serena Golf vary in price, with some exceeding the €500,000 threshold, rendering many of our listed properties eligible for the Golden Visa. Consequently, it’s a preferred option among non-EU residents of La Serena Golf.
To evaluate your financial capability 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. Hence, you must either prove 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 demonstrate an extra 100% for each family member, amounting 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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