The Spanish government plans to raise the minimum investment required to participate in the Golden Visa Spain program. And also, perhaps, exclude the purchase of real estate from the list of options. Such data was published by the El Pais in the current May. As in other European countries, parliamentarians are shifting the problems of rising prices in the real estate market to golden visa programs for investors.
The arguments of the parties are as follows: the cost of 500,000 euros for real estate in key cities of Spain is no longer the premium segment. So, for attracting only HNWI the investments should be much higher. Therefore, it is proposed to increase the requirements for the value of real estate to 1 million euros, as in other Golden Visa Spain options. The same as for a deposit in a bank and business investment.
For example, by buying a local property worth at least 500,000 euros. The Spanish Golden Visa program remains one of the most sought after by foreign investors in Europe. And this, despite all the tax requirements of this Mediterranean country.
All holders of Spain Investor visa (Golden Visa Spain) are entitled to work in Spain. Another benefit is that this type of residence permit does not oblige a foreigner to live in Spain. So, the “golden visa” can be used to freely travel around Europe.
The three most popular provinces for buying real estate in order to obtain a ” Golden Visa Spain” from foreigners are Alicante, Barcelona and Malaga.
“European politicians like to popularize the idea that rich foreigners are coming over and putting our country at risk and making our prices go up. They don’t like it when rich people can afford nice clothes or cars and they cannot,” he told i. “In Greece they increased the price so richer people could get visas and I think Spain will do the same. This is a simple way to increase investment”— says Nuri Katz, answering questions for INEWS.CO.UK
There are other golden visa programs in Europe. For example, in Hungary or in Cyprus (the Cyprus Fast Track Permanent Residence Permit program).
Foreigners may get a Hungarian residence permit for the purchase of real estate in the amount of €155,000. An investor can include his spouse and financially dependent children in the application. A residence permit in Hungary allows you to permanently reside in this country (without residence requirements!). And travel around the Schengen countries without visas for 90 days every six months. Processing time is about 2 months. The residence permit status is issued immediately for 5 years.
For investors we offer a wide range of Citizenship by Investment Programs to choose from. Please, contact Apex Capital Partners to get more information and ask personal questions. You can get free consultation from Apex Capital Partners on the program of Citizenship of Turkey, Portugal’s Golden Visa. As well as Cyprus, Caribbean (Citizenship of St. Kitts and Nevis, Dominica, Grenada, Saint Lucia, Antigua). Ask your question – firstname.lastname@example.org, email@example.com
If you are a private banking specialist, a family lawyer, or work as a financial consultant in Middle East, Africa, China or any other region of the world, do not hesitate to contact Apex Capital Partners and become a partner, a part of our strong professional network. APEX has all the main local agent licenses to work with Citizenship by Investment Programs, including all key Caribbean CIPs. Please contact – Armand Tannous, firstname.lastname@example.org
Caribbean citizenship by investment is allowed in Antigua & Barbuda, Anguilla, Dominica, Grenada, Saint Lucia, and St. Kitts & Nevis. Acquiring a second passport in Caribbean countries has many benefits.
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