Menu
Menu
For those considering property acquisition in Spain, the duration of your stay may necessitate consideration of long-stay visas. Many owners of properties at Altaona Golf & Country Village utilise them as vacation homes, often not exceeding the timeframe that would require a long-stay visa. However, if you’re a non-European Union resident planning to spend more than 90 out of 180 days in Spain, a long stay visa becomes essential. One notable option is the investors and entrepreneurs visa, commonly known as the Golden Visa.
The Golden Visa is a favoured choice due to its unique provision allowing both residence and work in Spain. In contrast, other long-stay visas typically only permit residence without work authorisation. An additional advantage of the Golden Visa is its facilitation of bringing your family to Spain, accompanied by access to Spanish public services, including education and state healthcare—a significant benefit. It’s crucial to note that, despite these privileges, maintaining health insurance in Spain is still mandatory. The Golden Visa requires only a minimum annual visit to Spain, with straightforward renewal procedures.
The Golden Visa is specifically tailored for investors and entrepreneurs directing their funds into the Spanish economy, primarily through property investments. The properties in question must have a combined value of €500,000 or more, and the acquisition should be without any financial assistance, such as a mortgage.
In addition to the €500,000 investment, you must substantiate your economic capacity to sustain yourself and your family. Details on how this is calculated are provided below.
Properties available in Altaona Golf & Country Village vary in price, with some exceeding €500,000, making many of our listings eligible for the Golden Visa. Consequently, it has become a preferred option among non-EU Altaona Golf & Country Village residents.
To demonstrate your financial capability to support yourself and your family, the Spanish IPREM serves as the benchmark. This index in Spain establishes an income standard. To qualify for the Golden Visa, you must prove that you possess or will possess 400% of the Spanish IPREM, with an additional 100% for each extra family member.
As of 2023, the monthly IPREM is €600.00. Therefore, you must demonstrate a monthly income of 400% of this, amounting to €2,400.00. Alternatively, you can show that you already have sufficient funds in your bank account to cover the upcoming year, totaling €28,800.00. Additionally, there must be an extra 100% for each family member, equating to €600.00 per month or €7,200.00 per year.
Should you choose to purchase a property in Spain through our services, we collaborate with Spanish Lawyers who will be readily available to assist you with all aspects of your purchase, including long-stay visas.
Subscribe to get the latest property news and developments delivered to your inbox.
Please note that Movehappy will use the above details to contact you only. By submitting this form, you confirm that you agree to our website Terms and Conditions, our Privacy Policy and consent to cookies being stored on your computer.
