Spain has been one of the countries most affected by the coronavirus, and one of the consequences has been that Golden Visa investment, specifically in real estate has dropped to half its 2019-level by the end of May 2020. However, it is not all bad news and the results are not as bad as preliminary figures had indicated.

According to the first data shown by the Spain’s Foreign Ministry, only 113 property buyers had been granted golden visas in the first five months of 2020, down from 285 during the same period the year before. However, recently data published by Spain Ministry Labor show that Spain approved an additional 683 golden visas for main applicants during the first half of 2020. That represents a 19% rise in approvals on the preceding six months, but also a 19% drop compared to the first half of 2019, when Spain approved 848 application.

Experts said that there are at least two possible explanations to understand this disparity in numbers. The first one, says that there was a major surge in approvals of backlogged applications when Spain reopened in June. On the other hand, the second explanation says that the number of international investors who pick the real estate route is not as dominant as in previous years.

Despite both explanations, what may have occurred is that Spain has seen normal levels of application during the pandemic months, but were unable to process due to the lockdown situation and office closures, and have been approved by default.

Spain Golden Visa applicants

The Ministry of Labor shows that during the first semester, Chinese and Russian investors were the largest applicant groups, and the total number of Golden Visas issued in Spain by the end of June stood at 6.198, which raise nearly half a billion euros. Since the programme opening in 2014, the Spanish Golden Visa has earned 4.5 billion.

Are you interested on the Golden Visa Spain?

Contact us, we can help you to start a new life with your family.

Source: https://www.imidaily.com/

Entrepreneurs are looking forward to investing in Athens, the capital of Mediterranean Greece. Known for its unique and historical architecture within its 2,000 islands, the popular and touristic neighborhoods in its capital are the brokers and real estate experts’ choice for promising investment. Even before the pandemic, opportunities in real estate in the country were plentiful but low in demand, whereas owners had bet on turning to long-term leases temporarily with the hope of a recovery by the first months of 2021. Strategic investors will see the undervalued real estate in potential neighborhoods in the capital as a business opportunity, for there are plenty of places on sale to buy real estate in Greece.

Buying buildings in Athens to lease to tourists for short term stays or investing in buying an old property for a lower price and renovating it to enjoy higher returns on their investment are the main advantages for investors that want to profit from the beauty and touristic Athens. As a matter of fact, this has led the short-term rental market (mainly from Airbnb) to be the biggest change in Greece’s economy, becoming an advantage for both the country and the investor.

Best places to buy real estate in Athens

The best places for investors to buy real estate in the capital are located near the famous Acropolis, whereas prices are currently lower than in the center of the city. Nevertheless, it is where tourists are steadily looking to stay for its convenient transportation options to all the important places that all visitors need to explore, including museums, parks, and historical places. The best neighborhoods of the city include Kerameikos, Psirri, Exarcheia, and Kypseli, all of which are fairly near the Acropolis, where the Airbnb market is abundant.

According to experts in real estate, the ancient city of Kypseli is the most welcoming neighborhood for international investors and tourists to contribute to the rich multicultural neighborhood with its low-price to buy real estate. Located 2 to 3 kilometers away from Omonia square, the neighborhood of Kypseli is full of theaters, very close to the National Archaeological Museum, and is near to the center of the city. Many buildings in the area are targeted by investors that want to turn them into apartments for migrants or travelers. Spitagatos.gr, states that the range for apartments for sales in the area go from €900 to €1,400 per square meter depending on the number of bedrooms and its overall status; a 90m2apartment in Kypseli will cost €75,000, while a 200m2 maisonette will cost €280,000. Wise investors would pick larger apartments with multiple bedrooms to renovate so it can accommodate different sets of travelers at once; this investment idea will benefit them in the long-term as many tourists prioritize the location and proximity of their accommodation to the northern suburbs of Athens when it comes to short-term stays.

Why invest in Greece

The pandemic has momentarily frozen the tourism-related transactions in many European countries including Greece, which has suffered a notable decrease in foreign visits. However, the singular location of the country that offers excellent Mediterranean weather, along with the extensive unique historical and cultural places that the country offers, makes it an attractive bet for entrepreneurs to invest in; as the vaccine for COVID-19 is released and normality is restored, tourists will start returning to the capital and they will be searching for the best offers for short-term stays.

For international investors that want to buy real estate and obtain residence in the country, they can choose to apply for the Greek Golden Visa, which offers the lowest cost of entry in Europe (€250,000) and the fastest program to obtain EU residence, in just 60 days. The applicant and their family will be beneficiaries of the advantages of this permit, which includes access to many prestigious universities with low tuition fees, free health service, and the possibility to travel around the Schengen area without the need for a visa.

Golden Visa Greece

The Greek experience and lifestyle can be yours through the Golden Visa Greece.  For a minimum investment of €250,000, through a real estate purchase for private ownership or rental, one can avail of a five-year residency after which one can apply for the citizenship program.

The Golden Visa Greece is approved within 60 days and does not require the applicant to live in Greece.

Are you interested in the Golden Visa Greece? Contact us.

Our team in Orience International will help you choose the best path and assist you before signing any sales agreement to ensure your financial safety.

 

The capital of the UAE is home to ever-growing technology that delivers efficiency and security to help enterprises evolve. The launch of the Dubai Golden Visa was to attract international investment to enhance the local economy. This permit offers residency to applicants and their families that invest a minimum of AED1,000,000 in real estate, ideal to pursue the dream of becoming part of Dubai’s ecosystem for accelerated business growth. In addition, the Dubai Golden Visa has been updated, whereas not only will the residency permit allow entrepreneurs to stay in the capital for opportunities that will benefit both their families and their business, but now the new categories of the visa include residency in the Gulf state to Ph.D. holders, doctors, engineers in different fields of engineering and technology, as well as to remarkable graduates from accredited universities.

To ensure that the applicants are qualified to apply for the golden visa, they should demonstrate their career in business and meet all the needed requirements; for professionals, they have to be Ph.D. holders, doctors, engineers in the fields of computer engineering, electronics, programming, electricity, and biotechnology or in artificial intelligence, big data, or epidemiology and viruses; for the graduates of accredited universities, they should possess a GPA of 3.8 or higher; furthermore, outstanding high school students and their families can become potential recipients in the new update of the Dubai Golden Visa.

For investment applicants, a minimum of AED 1 million in real estate, whereas instead of a two-year validity before renewal, the visa has been extended up to ten years. In addition, the spouse, parents, and children of the applicant can become beneficiaries of the permit as well. Therefore, the visa will grant permanent residency (upon the ten-year extension) to applicants and family members to reside in the UAE with the opportunity to experience the high standards of living in the city of Dubai.

Dubai Golden Visa, acquisition process:

The Dubai Golden Visa takes approximately a month to process the approval of your nomination, and an additional thirty days to complete the requirements from the Federal Authority for Identity and Citizenship. From the same site, you will find the required documents that are needed along with the associated fees required for the application. To assist you with this process, Orience International possesses experts who can help you choose the best option and guide you through your ideal path. Upon receiving your citizenship, the permit will allow you to travel to 121 countries without the need of acquiring an additional visa. With the permit, you will have the opportunity to visit the beautiful and historical temples in Indonesia, explore the crystallines waters with different shades of blue in the Maldives, and have a taste from the oldest wine-producing country in the world, Armenia.

According to International Investment, the extension of the golden residency will help accelerate Dubai’s economic growth and productivity, as the flexibility of the visa will benefit certain types of investors, exemplary students, and professionals by increasing to the 10-year residency. Therefore, foreigners that are part of the country’s growing economy through excellence and innovation will no longer have to renew the validity of their visas every two years. This update on the Dubai Golden Visa will raise the city’s value, as they are welcoming experts and highly skilled professionals to enhance their skills and business. This innovative upgrade in the Dubai Golden Visa will be of advantage for both the city and the international applicants for the visa, for they are no longer depending solely on wealthy investors; instead, the permit will allow strategic professionals and future experts to reside and become part of the progressive city.

If you have any doubt, do not hesitate to contact us.

If you were planning to buy a beach house on a dreamy Balearic Island or invest to live a more metropolitan life in Barcelona, the capital of Catalonia, professionals affirm that the year 2021 is the best year for investors to buy real estate in Spain.

State of the real estate market

Among the effects of the coronavirus pandemic, the real estate market in Spain has experienced a total paralyzation of movement along with other sectors that involve foreign ties, such as tourism and hospitality. Professionals and experts expect investors and potential buyers to resume activity and raise their interest to buy real estate as 2021 nears, as they expect demand for Spanish housing to lower and therefore, decrease in price.

According to S&P Global Rating analysts, a decrease of 3.5% in 2020 will favor possible buyers; while Professor Gonzalo Bernardos from the Department of Economic Theory at the University of Barcelona predicts a shocking 13% decrease for this year. For that, experts advise that it is better to buy real estate than to sell, which is good news for international investors that are wise enough to grab the opportunity of investing in the third largest investment country in the EU, where the low cost of living, good weather, good educational system and exceptional food are guaranteed.

Also, after the Brexit, UK Nationals are evening the opportunity to migrate to another Europe country and one of the most demanded is being Spain.

Steps to buy real estate in Spain

Investors from Philippines that decide to buy real estate in Spain must obtain a NIE (Numero de Indetificacion del extranjero) beforehand, for it must appear on all documents that are signed or are issued in Spain. Also, opening a bank account in the country (if you do not have one yet) will make transactions less complicated, although it is not compulsory. For Philippines buyers that are not residing in Spain, a tax representative will be needed once you officially own real estate in the country.

Deciding on how much to spend in the purchase of a real estate in the country should be the first step, whereas real estate agents and lawyers would advise to ensure the best choice for you.

Since February of 2020, the price of a house in Spain has decreased by 0.3%, more significant in Castilla y Leon (-1.3%), Catalonia (-0.7%) and Galicia (-0.4%); whereas the Balearic Islands, Valencian Community and Madrid have mostly maintained their pre 2020 pricing. The average price range to buy real estate in most provinces of Spain is between €900 and €1,250 if you are looking forward to living in places like Barcelona, Mallorca or San Sebastian; but in provinces such as Ciudad Real, Lugo or Toledo, the prices of housing do not reach the €660 per square meter, which it is a more convenient and economical alternative where buyers can still enjoy the benefits of living in the Peninsula. From most expensive to least, the Balearics is the most high-priced region with a €3,060 per square meter average, followed by the capital of Spain, Madrid (€2,796) and Euskadi (€2,567). For the cities, San Sebastian, with a current property price of €4,545 is the most expensive, followed by the capital of Catalonia, Barcelona (€4,104). If you want to know the best neighborhoods to invest in Barcelona read the following post.

After deciding where you want to buy real estate in Spain, whether it is a house in the city or a property in the northside of the country, and discussing with your experienced team of lawyers and real estate agents, you will be directed to sign a pre-purchase contract. The document includes the terms and conditions of the transaction, the deadline for the purchase and the signature of both buyer and seller. In addition, investors usually pay 10% of the total agreed upon price.

Golden Visa by buy real estate

For overseas entrepreneurs that want to buy real estate in Spain, a minimum investment of €500,000 in real estate will allow you to apply for the Golden Visa, which allows you and your family to enjoy its advantages, which includes the possibility to live, work and study in the country, and to travel to other European countries such as Germany and France.

Contact us, our team will help you.

It is expected that the investment in real estate will increase when travel restrictions run out. Whereas States do not give a tourist visa, international investors cannot travel. However, with a residence visa like the Golden Visa it is possible to travel from your country to reside in Spain, Portugal or Greece, the most attractive places to reside and invest in Europe.

Specifically, in Spain there is a lot of interest from international investors to invest in the Spanish real estate market which is expected to be reactivated as soon as the travel restrictions are lifted globally. 

What’s more, even with the pandemic scenario, there is a huge interest to invest in Spain because of the quality of life offered by the country.  In fact, an uptick in the acquisition of Spanish homes is expected due to the interest of investors, who now make decisions especially thinking about all the advantages that are offered in a country as Spain such as reasonable prices, above-average business opportunities, security and the great weather.

Since 2013 until now, Spain issued more than 35.000 Golden Visa. Orience International helps you to obtain the Golden Visa Spain so you can invest in Spain for a minimum of 500.000 euros and reside there.

Spain, an attractive offer

Real estate investment rebounded 22% in the third quarter in Spain, reaching 1.439 million euros, compared to the figure registered between April and June, the worst period of the pandemic. The forecast is that 2020 will close with an investment of around 8 million euros which represents a 30% less than 2019, when 12.7800 million euros were reached.

However, even with this background, the pandemic is expected to provide new appeals, such as the advantages of teleworking. The opportunity of working in a place such as Spain, with an incredible weather and moderate prices, increase the interest of many international investors to obtain a residence in Spain.

Why investing in Spain?

As it has been said and according to a recent study, Spain is the best country to live after de coronavirus crisis. Moreover, the country is known for its fantastic weather, cosmopolitan cities like Madrid and Barcelona, beautiful landscapes and quality and family life.

What’s more, if you get the Golden Visa Spain there are a lot of advantages to enjoy:

  • Move around the Schengen Zone: one of the main benefits of the Golden Visa Spain is that you can travel and move around the Schengen area without the need of a visa.
  • Permit to work in Spain: the Spanish residence permit allows you to work in Spain.
  • Eligible for you and your family: your family (spouse and children under 18) also receive the visa residence permit.
  • Health system: the Spanish healthcare system is one of the most advanced in the world, ranking among the first positions in international rankings.

The Golden Visa Spain, foreign investment in real estate

Having an alternative residence or citizenship in another country is more important nowadays than ever. Having an alternative plan, it gives you more freedom to travel between European countries and it gives you economic, political and social independence from your country of origin.

As citizens of the world, we have to take into account the advantages of acquiring a residence in another country and seek professional advices to guide us and help us through the way to make the best decision.

If you want to obtain the Golden Visa Spain, Orience International recommends the best investment option for you and your family. Furthermore, we offer a virtual tour to see all the properties from your home.

Do not hesitate to contact us

 

 

Source: Empresa Exterior

Due to the pandemic crisis, countries are not given visa tourist temporarily. This means that international investors cannot travel to other countries. However, the demand of Golden Visas has increased during last months, because residence visa grants the free movement throughout the Schengen area 

At the moment, many countries in Europe are offering Golden Visa (Spain, Greece, Portugal, Switzerland, UK, Malta, Germany, Ireland, Monaco). Data shows the demand has increased notably.   

Why it is important to have a second residence or plan B? 

When we talk about a plan B, we refer to the fact of having an alternative residence or citizenship in another country. In this moment, having an alternative plan it gives you more freedom to travel between European countries. Moreover, it gives you economic, political and social independence from your country of origin and it also allows you to obtain the program for your family members 

 In the case of Spain, for example, many international investors have applied for the Golden Visa because they would benefit from the Spanish health system, one of the most advanced in the world.  

 However, it is not necessary to arrive at crisis situations in order to evaluate and think about the options of acquiring a residence in another country. As citizens of the world, we must take into account the advantages of this option and seek professional advice to guide us and help us to make the best decision. 

All you need to know about the European residence 

Those are the main advantages of the European residence: 

  • Regrouping the family: Spain, Portugal and Greece Golden Visa allows you to regroup the entire family (spouse and children). In the Greek case your parents and parents-in-law are included. 
  • Access to the healthcare system: You and your family will be able to access healthcare completely free of change. 
  • Right to work: Both in Spain and Portugal the residence permit gives you the right to work in the country. It does not happen in the case of Greece. 
  • Access to the educational system: As we have previously commented, minors can benefit from most advantages of the Golden Visa program, and one of them is access to the best schools and colleges. 
  • Good quality life: Spain, Portugal and Greece offer a great quality life. With a very pleasant Mediterranean climate, the three countries offer all essential services at an affordable price. 

 If you are interested in any of these options, do not hesitate to ask. We will advise you on which residence program is best for you and your family according to your needs and circumstances. 

 Moreover, you can invest and apply for a program without leaving your country. Our team will manage everything so you do not have to worry.

Contact us

As we told in the last post, due to the pandemic crisis, countries are not given visa tourist temporarily. This means that international investors and all those people who want to travel to another country (as a tourist, to invest or to see familiars) they cannot do it. But there are other possibilities for this, such as Spanish residence.

The best option to get the Spanish residence is a bank deposit

However, there is a very attractive option available for all those who want to get the Spanish residence and travel and enter to the country. This route offers the resident visa through a bank deposit of €1.000.000 into a Spanish bank. With this visa the applicant, who must maintain the bank deposit, can travel to Spain as a resident with his/her family.

In this sense, during last months there has been an increase of the demand to make bank deposits as a way to get the Spanish residence. They are normally, international investors who want to invest in real estate and due to the crisis, they cannot travel to Spain and carry on the financial operation.

Who can make a bank deposit and acquisition process?

Any international investor that has reached the legal age of 18 years, has no criminal record, and has €1.000.000 can apply for this residence permit. It is not necessary to travel to Spain to make the bank deposit. Any international investor can empower Orience International who will open the bank account on applicant’s name.

Moreover, as we have said before, it is also possible to submit the request for their family members (spouse, children under 18 economically dependent).

Once the bank deposit has been done, the bank has to check and verify all the information. When all this process has finished, the international investor can apply for the residence, which it will take two or three weeks. Then, he will be able to travel to Spain and visit all the properties to invest on real estate.

Discover here other ways to get the Spanish residence.

Benefits of the Spanish residence

These are the main advantages of getting the Spanish residence:

  • Visa-free travel to Schengen zone
  • Right to live and work in Spain
  • Entire family is eligible to the programme
  • Good quality life
  • Access to one of the best healthcare systems around the world
  • Access to an excellent educational system

If you are interest on the bank deposit, do not hesitate to contact us. Now It is a great moment to carry on the bank deposit option. Our team will help you and will stand by your side during all the process.

 

According to the CBI Index, a rating system designed to measure the performance and appeal of global by investment (CBI) programmes across a diverse range of indicators and published by the Financial Times, Dominica citizenship by investment it is the first choice for investment applicants. For the fourth consecutive year, Dominica has ranked on the first position in the index.

Dominica offers one of the most prestigious programmes all over the world. With an easy, efficient and quick process, international investors can get the second passport in only three months. Moreover, this permit allows visa-free travel to 139 countries.

Another great strength of the Dominica’s citizenship by investment programme is that it is eligible for the entire family. This means that not only the main applicant, but also spouse, children and parents can benefit from all the advantages.

Additionally, it offers a good tax regime and there is no physical residence required.

What you need to know about Dominica?

Dominica, officially the Commonweatlh of Dominica, is a beautiful island, kwon as ‘the nature island of the Caribbean’ for its green forests which stretch from shore to shore. Introduced in 1993, this citizenship by investment programme offers many advantages and it is a very attractive option for those who are looking for a second passport.

Investment options to get the Dominica citizenship by investment permit

To get the Dominican citizenship the are two different options. The first one, is a donation to the Economic Diversification Fund, which funds are used for public and private projects, where a need is identified, such as the building of schools, hospitals or other infrastructures.  The amount of money it varies depending on the number of dependents included. A single applicant has to pay US$ 100.000. An applicant and spouse, US$ 175.000, and an applicant, spouse and two children US$ 200.000. The second option is a US$ 200.000 investment in real estate in a government approved project.

It is important to highlight that, as same as in other citizenship by investment programmes, the main applicants and their dependents must have a clean criminal background.

Once you have decided which investment option you prefer, our team will help you in all the acquisition process. We prepare all the necessary documentation and help you to fulfill it. Then, we review all the information and present it to the competent authority. Once the government has reviewed, checked and approved all the information you receive a pre-approval.

Why it is important to have a plan B or a second passport?

Our specialists agree that having a second passport it is a very good idea, not only during crisis situations. Having a plan B gives you, and your family, the assurance that you are on a more stable stage and gives you political, economic and social independence from your country of origin. Moreover, it gives you, and the rest of applicants, more freedom to travel between different countries in the world.

If you are interested on the Dominican citizenship by investment programme or any other Caribbean programme, do not hesitate to contact us. Our team will guide you to choose the permit that best suits on your needs. Moreover, remember that you can apply for any programme without leaving your country.

Due to the coronavirus situation, many U.S. citizens have applied for a European residence programme. The majority of them, are familiars of immigrants from Europe who live in the U.S. and now they want to come back to their origin country or in other attractive European countries, like Spain, Greece or Portugal, for example.

As the pandemic has affected the whole world, many people have realized that having a second passport or a European residence is a very good idea. Firstly, because it gives more freedom to travel between different countries in the EU, enjoying the culture, food and quality live. Moreover, having an alternative plan it gives you economic, political and social independence from your country of origin and it also allows you to obtain the program for all your family member (it varies depending on the country).

For all these reasons and to face up the coronavirus, many Americans have found very attractive the idea to get a second passport or a European residence. It is also important to highlight, that having a plan B is synonymous of greater tranquility and calm, what it means that in an adverse situation, like the current one, you have the assurance that you and your family are on a more stable stage.

European residence or Golden Visa

As we have explained before, European residence gives you many advantages. In addition, it allows you to regroup your family, access to the healthcare and educational system, right to work in Spain and Portugal, not in Greece and an excellent quality life.

The Golden Visa programme is one of the most attractive and accessible in Europe. It is an investment programme which grants the residence permit in exchange for a capital investment in a certain country. The most popular are: Spain, Italy and Greece. Those are the main characteristics on of each one:

 

Spanish Golden Visa:

Residence in 60 days

Investment from €500,000

Visa-free travel to Schengen zone

 

Greek Golden Visa:

Approval in 60 days

Investment from €250,000

Visa-free travel to Schengen Zone

 

Portuguese Golden Visa:

Approval in 90 days

Investment from €280,000

Visa-free travel to Schengen zone

 

Orience International by your side

If you are interested in the Golden Visa, we will advise you on which residence programme is best for you and your family according to your needs and circumstances.

Moreover, you can invest and apply for a programme without leaving your country. Our team will manage everything so you do not have to worry. Contact us.

 

Source: The New York Times