24 Sep '13, 6am

Spain's Golden Visa a step closer

There is no requirement that any property has a specific use, allowing owners to rent out their properties for private or commercial use. The first step for property investors is to apply for a visa that allows them to live in Spain for one year. There is no obligation to spend a minimum amount of time in Spain during this period as long as they can prove that they have visited Spain at least once. Once an investment has been made, and before the expiry of the first year's visa, investors can then apply for a residency permit which entitles them to live in Spain for two years, renewable for another two years after that, as long as the investment threshold of €500,000 is maintained. There is no limit to the amount of times this two-year residency can be renewed.



Full article: http://www.propertyguru.com.sg/property-management-news/2...

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