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How to obtain Spanish Golden Visa

Spanish Golden Visa – What do you know about it?

The Spanish Golden Visa is a residency permit that gives the holder the right to stay and work in Spain. Since 2013, it has been offered by the Spanish government to non-EU nationals.

The Spanish Golden Visa allows you to obtain a Spanish Residency Permit for five years extendable to your family. It will enable you to live and work in Spain and travel freely without having to request for a Visa to the Schengen countries.

The most popular option to obtain a Golden Visa is Investing in Real Estate in Spain. The requirement is purchasing a mortgage-free property in Spain of at least €500,000 or spread the price over several properties. 

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Brexit in Spain

According to the Spanish Property Registry, the British demand for purchasing a home in Spain, has declined by nearly 25% since the Brexit decision. However, the British market is still an important part of the total foreign demand. It represents 15% of the total properties purchased by foreigners, followed by the French at 10%.

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Property Purchase Expenses in Spain

Purchase Expenses – The cost of buying a property in Andalusia Spain

It is very important to be clear about the costs and taxes when buying a property in Andalusia. Therefore, it is necessary to be very well informed, to do the maths and of course to have professional advice. Depending upon whether you are buying a new home or a resale, you will either have to pay VAT & Stamp Duty (AJD – Documented Legal Acts), or the Transfer Tax (ITP) respectively.

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