Menu
Menu
If you’re contemplating purchasing a property in Spain, the duration of your stay may prompt consideration of long-stay visas. While many Punta Prima property owners utilise their homes as holiday residences and don’t exceed the required stay periods, individuals residing outside the European Union planning to spend more than 90 out of 180 days in Spain require a long-stay visa. One such option is the investors and entrepreneurs visa, commonly known as the Golden Visa.
The Golden Visa is highly sought-after as it grants both residency and employment rights in Spain, setting it apart from other long-stay visas that only offer residency. Additionally, it enables you to bring your family to Spain and provides access to Spanish public services, including education and healthcare—a significant advantage. However, maintaining health insurance coverage in Spain is essential alongside this visa. The Golden Visa requires a minimum annual visit to Spain and is relatively straightforward to renew once granted.
The Golden Visa program targets investors and entrepreneurs who contribute to the Spanish economy through financial investments, including property acquisition. To qualify, the total value of the property or properties purchased must exceed €500,000, and the investment must be made without financing, such as a mortgage.
In addition to the €500,000 investment threshold, applicants must demonstrate sufficient economic resources to support themselves and their families. Further details on how this requirement is calculated can be found below.
Properties available for sale in Punta Prima vary in price, with some surpassing the €500,000 threshold, rendering many of our listed properties eligible for the Golden Visa. As a result, it is a favored option among non-EU residents of Punta Prima.
To evaluate your financial capacity to support yourself and your family, the Spanish IPREM serves as a reference index. To qualify for a Golden Visa, you must demonstrate that you possess or will have 400% of the Spanish IPREM, with an additional 100% for each additional family member.
As of 2023, the IPREM stands at €600.00 per month. Therefore, you must prove either a monthly income equivalent to 400% of this amount, totaling €2,400.00, or have sufficient funds in your bank account to cover the upcoming year, totaling €28,800.00. Additionally, you must show an extra 100% for each family member, equating to €600.00 per month or €7,200.00 per year.
When you purchase a property in Spain through us, we collaborate with Spanish Lawyers who will provide comprehensive assistance throughout your purchase process, including guidance on 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.
