Spain launched its golden visa programme in 2013. An investment of €500,000 in real estate will gain family residency. The Spanish investor visa can be renewed every two years. After five years it is possible to gain permanent residency and after ten years citizenship. It is not necessary to live in Spain in order to retain and renew the residency visa permit.
Contact our advisors for further details.
It is possible to apply for permanent residency in Spain after living in the country for five years. Citizenship can be applied for after living full time for ten years. Although the temporary residency permit (the golden visa) can be easily renewed without living in the country, the route to both permanent residency and citizenship requires the investor and their family to reside in Spain. For this reason the Spanish Golden Visa programme is popular with those applicants who either wish to reside full time in Spain or simply maintain a second residency in Europe but without a path to citizenship.
The property market in Portugal like many southern European countries suffered with the credit crisis and prices in 2015 were still typically 20% – 30% below their 2007 peak. However prices have been rising strongly since then, particulaly in Lisbon on the back of the golden visa programme and investors have seen strong gains in recent years. Investors buying into the real estate market in Portugal for the Golden Visa now have excellent prospects for capital gain in the coming years. Advice is recommended for serious buyers as there are clear distinctions between typical vacation homes on the coast in Portugal, city properties in central Lisbon and renovation projects qualifying for the reduced € 350,000 limit. Enquire here. Investors may wish to check further details on the Portugal golden visa program or see our outline procedure for applications.
It is possible to obtain the golden visa through a reduced investment of €350,000 into real estate requiring renovation. Such projects need to be approved by SEF as qualifying for the reduced investment amount and it is critical to ensure the right project and legal advice is obtained before embarking on such investment. La Vida has experience of many applications and projects for the €350,000 reduced initiative since its introduction. Please contact us for details on our real estate investments.