Spain is considered not only as an international tourist power but also as an attractive place for investment and business and therefore, for some years now, mechanisms have been established to support entrepreneurs and to internationalize commercial relations with our country. For this purpose, the regulations offer us the special visa for investors or Golden Visa.
In addition to being a member state of the European Union and belonging to the Schengen area (the system of suppression of internal borders and free movement of people and goods), Spain is in the focus of investors and large estates in the real estate sector, due to its excellent location in the Mediterranean and having privileged places such as the Balearic Islands (Mallorca, Ibiza), the Costa Blanca (Altea, Benidorm, Alicante) or the Costa del Sol (Marbella) or the Campo de Gibraltar (Sotogrande, Alcaidesa).
Due to the strong European regulation on migration and borders, it is not easy to obtain a visa for operating within the territory of the union and much less access to an eventual nationality card. For this reason, the Law of support to entrepreneurs establishes a special way for those investments that exceed 500.000.-€ for real estate investments.
In addition to real estate investment, there are other special opportunities to qualify for the benefits of the Visa for Investors: business projects, participation in Spanish companies or purchase of bonds or Spanish public debt.
The so-called “Golden Visa” is an extraordinary residence permit granted under selected circumstances to individuals and companies, in case they meet certain requirements. That is to say, they can obtain a visa and residence permit in Spain and therefore in the rest of the European Union and free circulation in the Schengen Area to those citizens who require it.
Certainly both the Spanish tax system and the rest of the European systems are truly complex and intricate, but through the study of each case and with the proper advice you can opt for interesting tax benefits for entrepreneurs and real estate investors.
We have specialists in Real Estate Law and we rely on professionals in taxation and immigration law to be able to advise on investment operations in Spain to obtain the visa either under a real estate sale and purchase, as well as for business operations.
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