Many natives are wanting to move from their homelands in the UK, Schengen zone, and other non-european countries and reap the benefits that come with investment into the Golden Visa Spain within beautiful islands like Mallorca. The higher rental yields on property investments in Spain and the fact that some currencies go further in Europe than in other countries, is making places like Majorca, Spain, an increasingly appealing place to buy Golden Visa Spain property. It also comes with a Spanish work permit, meaning that the investor can freely trade and run business within Europe.
The allure of Europe’s Property Visa in Spain is attracting those who are looking for a change of lifestyle, free trade and travel within Europe’s Schengen countries and those looking for a healthy ROI on their investments. The real estate market in Majorca, Spain is very healthy and showing no signs of slowing down any time soon. The higher the investment, the higher the yield and luxury real estate for sale in Mallorca rewards the investor, not only with a flourishing return but also with an enviable and rewarding Mediterranean lifestyle.
Mallorca is a desired cultural and lifestyle hotspot, laced with fascinating history, beautiful architecture, some of the most beautiful and stunning scenery anywhere in Europe, delicious food, a healthy outdoors lifestyle and excellent schools, all of which comes wrapped up in a glorious 300 days of sunshine a year!
Golden Visa Spain citizenship in 2023 is set to keep growing and with a choice of some of the most luxurious villas in Europe, for sale in Majorca, this is one property visa that is set to continue to increase in desirability.
The Spain Residency by investment program
The Spanish Golden Visa programme allows different types of investments:
Invest a minimum of 500.000 € in Spanish Real Estate (mortgage free). This programme focuses on promoting property investment.
Invest 2 million € in Spanish public debts.
Invest 1 million € in Spanish companies (shares).
Deposit 1 million € in a Spanish bank account.
Start a business project in Spain of general interest, which creates employment, contributes to technological and/or scientific innovation or has a socio-economic impact on the local area. However, there is more to be considered before this visa is granted.
There are some requirements for the Golden Visa in Spain card which have nothing to do with the investment itself:
Being 18+ years old.
Having public or private health insurance by a company authorised to operate in Spain.
Disposing of sufficient financial means, covering personal and family living expenses, for residency in Spain.
Not having been refused entry into any of the Schengen countries.
Not having entered or stayed illegally on Spanish territory.
No existing criminal record in Spain, nor in the country of residence during the last 5 years
Please note that this is not legal advice and we recommend getting professional advice before making any visa related decisions.