We are very pleased to announce the launch of our new brand website. It has been designed with a new look, more functional and user-friendly navigation updated with all the services and programmes (residence and citizenship) we offer.

You will find the website divided into 7 main sections: ‘about’, ‘residence’, ‘citizenship’, ‘more services’, ‘blog’, ‘faqs’ and ‘contact’. The ‘about’ section gives information about Orience International and its multicultural team. ‘Residence’ and ‘citizenship’ sections give a very accurate information about all the programmes that we offer, and in ‘more services’ you will find other global solutions for you. In ‘blog’ we share different articles about the sector and in ‘faqs’ you will find the most frequently asked questions. Finally, on ‘contact’ you can see where do you can find us.

Our aim with the new website is to provide the costumers an easy way to navigate and all the information about Orience International.

We hope you will enjoy it!

Due to the coronavirus crisis, on March, April and May, many countries decided to close their borders, but during the last months many countries have reopened it to revive Europe’s tourism industry starting in June.

However, there is a little bit of confusing information about where and how we can travel and which countries have totally reopened their borders. For this reason, in the following post we are going to explain in which circumstances you can travel around Europe and all the measures that have been taken.

Citizens from a European Union country can move all around Europe with totally freedom. In addition, citizens of any of the following countries (Argelia, Canada, China, Georgia, Japan, Montenegro, Marruecos, New Zealand, Ruanda, Serbia, South Chorea, Thailand, Tunes and Uruguay) can also travel to the European Union.

But what happens with the citizens from other countries, for example China? If they have a Golden Visa or a long-term visa they can travel with any restriction. People whose permit has been expired during this period, may have a period of 7 days to renew it.

Golden Visa or residence by investment

If you want to avoid all these restrictions, we have the best solution for you and your family. Get the Golden Visa in Spain, Greece or Portugal in only 60-90 days.

Those three countries have a great quality of life, good work-life balance, and are a big opportunity for international investors. Thanks to the Golden Visa, a programme that offers the residence in exchange for an investment in the real estate market, investors will be able to enjoy the residence with their family.

These are the details for each programme:

Residence in 60 days

Investment from €500,000

Eligible to entire family (spouse and kids under 18)

Visa-free travel to Schengen zone

Right to live and work in Spain

Good quality life

 

  • Greek Golden Visa:

Approval in 60 days

Investment from €250,000

Eligible to entire family (spouse, children under 21, parents and parent-in-law)

Visa-free travel to Schengen zone

Right to live in Greece

Good quality life

 

  • Portuguese Golden Visa:

Approval in 90 days

Investment from €280,000

Eligible to entire family (spouse and kids under 18)

Visa-free travel to Schengen zone

Right to live and work in Portugal

High standard of schooling

 

Orience International by your side

We offer other investment options if you want to get the residence or citizenship. According on your situation and your objectives, we will advise you on which residence or citizenship programme is best to invest in order to achieve the objectives you have set: a high level of quality of life and social well-being, good weather, good health and education services.

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

Plans are already underway to revive Europe’s tourism industry starting in June. While not all countries have set specific dates, we have good news for anyone interested in investing in Europe in one of our projects. The borders of countries including Spain, Greece, and Portugal will soon open, and we are here to tell you how.

The EU will implement a three-phase border reopening plan in June:

  • The first phase focuses on domestic travel, easing restrictions on travel within each country.
  • Cross-border travel, restricted to Europe, will start in the second phase as consumer confidence recovers after the coronavirus health crisis and restrictions on movement are lifted.
  • We would enter the third phase, which involves international tourism, after domestic and then regional travel open.

Which leads us to underscore that, even though an exact date has not been set, at least we now have a month as a point of reference: July. This is when the Spanish Government calculates that Spanish borders will open to foreign tourists and international investors, without a compulsory 14-day quarantine.

On the other hand, Portugal is preparing for the possible opening of its borders to tourists around 15 June, a week after its beaches open on June 6, implementing all the measures necessary to ensure that social distancing is respected.

Greece is going to open the airports to foreign visitors starting on 15 June, with no quarantine required, although certain safety measures (like random health screening for coronavirus) will be in place. But only citizens coming from Albania, Australia, Austria, North Macedonia, Bulgaria, Germany, Denmark, Switzerland, Estonia, Japan, China, Croatia, Cyprus, Latvia, Lebanon, Lithuania, Malta, Montenegro, New Zealand, Norway, South Korea, Hungary, Romania, Serbia, Slovakia, Slovenia, Finland, Czech republic will be able to enter, from 15 June.

Travelling around Europe

If everything goes according to the plan, international investors will have no problem to travel to these countries, this means that they could carry on with their inversions visiting Spain, Portugal and Greece, with no restriction from the authorities.

However, and as we have said in other occasions, and if you prefer it, you can apply and carry on your investments without leaving your country.  Our team will manage everything so you don’t have to worry about a thing. Contact us!

We are pleased to announce that Orience International is a new member of the IMC Group, being the first Spanish company to be part of the group. The IMC (Investment Migration Council) is the worldwide association for investment migration and citizenship-by-investment, bringing together the leading stakeholders in the field, like lawyers, financial service practitioners, bankers, investment advisors, brokers or insurance providers, and giving the industry a voice.

One of the objectives of the IMC is to set the standards on a global level and interact with other professional associations, governments and international organizations in relation to investment migration. Moreover, the IMC helps to improve public understanding of the issues faced by clients and governments in this area and promotes education and high professional standards among its members.

For Orience International being a member of the association it means to benefit from keeping up-to-date on latest trends and developments in the field. As Oriol Molas, Orience International CEO, has explained, “additionally, obtaining the recognition from the IMC Group it is a fantastic new, which let us to demonstrate the great job we are doing and showing that we stay at the forefront of the latest industry standards and procedures.

On the other hand, being a member of IMC Group gives to the clients and international investors the security and tranquility we are taking the right decision every moment, guide by honesty, confidentiality, integrity, ethical practice and disciplinary rules and procedures.

The IMC Group is based in Geneva and it has representative offices in New York, London and Gran Cayman and it is constituted as a non-profit association. Nowadays it is integrated by more than 20 members, which they have to apply the Code of Ethics and Professional Conduct.

Finally, and since last year, the organization is in special consultative status with the Economic and Social Council of the United Nations.

Order SND / 421/2020, of May 18, by which measures are adopted relating to the extension of authorizations to stay and reside and/or work and to other situations of foreigners in Spain, in application of Royal Decree 463/2020 , of March 14, declaring the state of alarm for the management of the health crisis situation caused by COVID-19.

The Spanish government has finally established and clarified the situation of foreigners in Spain with regard to residence permits, visas and expired stays. With this measure, legal security is granted and those affected are prevented from finding themselves in a supervening irregularity with a complicated solution.

In the next article we talk about this announcement:

Although it is true that RD 463/2020, of March 14, already established the suspension of administrative deadlines, prescription and expiration, to date the situation of many foreigners whose authorization or Visa expired during this extraordinary situation caused by COVID-19.

The order establishes that the residence and/or work authorizations, the stay authorizations for studies, mobility, internships or volunteering, the family cards of a citizen of the union and the long-term residence authorizations that have expired during the validity of the alarm status or have expired in the 90 calendar days prior to their declaration (of the alarm status) will be automatically extended. The extension begins the day after the expiration and lasts up to 6 months from the end of the alarm state.

Section 6 of Article 1 establishes that renewal applications may be requested at any time within 6 months or up to 90 calendar days after the expiration date, without prejudice to the initiation of a sanction file for the delay in filing.

The order also regulates the expiration of short-stay visas (not exceeding 90 days) and establishes that their duration is automatically extended for a period of 3 months.

However, even if they are Schengen visas, the validity only applies to Spanish territory and this extension will be computed to calculate the maximum authorized time for future stays or requests for these visas.

The youth mobility agreements and study stay visas of up to 180 days duration are also extended for a period of 3 months, provided that the holder is in Spain and has not been able to return to their country of origin.

Another very important point to keep in mind is the entry of third-country nationals whose documentation or authorization has expired while abroad. Specifically, the order establishes that the holders of an authorization, a family card of a citizen of the Union, a long-term foreigner card or long-term visas for investors and entrepreneurs may enter Spain even with the card or visa expired. Travel documentation (passport) is required to be current.

Finally, absences from Spanish territory caused by the impossibility of returning to the country will not count when requesting renewals of authorizations or first requests for long-term authorizations.

If you have any doubt, do not hesitate to contact us, we will be very pleased to help you.

 

Zahra Maaroufi, lawyer specialist in residency permit in Orience International

 

The latest figures (from March 15 to April 15) on the demand for real estate in Spain have recently been published. Despite the fact that domestic demand has decreased, international demand during this period has increased to around 15% of current demand.

Curiously, where the international demand during the first month of alarm has increased the most has been La Rioja community, ahead of other areas with a very important role within real estate, such as the Balearic Islands, the Canary Islands, Catalonia or Alicante.

In any case, these territories are those where international investment has always had more weight and international investors continue to be interested in properties near the coast, such as the Canary Islands, especially Tenerife or the Balearic Islands.

If we look at nationalities, the country from which the majority of investors come is the United Kingdom, followed by the US, France and Germany.

 

Why should you invest in Spain?

Spain is one of the most attractive countries to invest in, as it presents an affordable Golden Visa program with various investment options. With an excellent quality of life, the country is among the first in Europe for foreigners living in the country. With a modern healthcare system, it is in a privileged geographical position for international business.

Do you want to invest in Spain? At Orience International we accompany you throughout the process so that your investment is a success.

Source: Idealista

Despite the difficult situation we are living due to the coronavirus, we are not lockdown. All the members of the team are offering a fully operational service, as always, and we continue working to offer you the best service. Remember that you don’t need to travel to carry on your investment.

If you have any question, don’t hesitate to contact us, we will be very pleased to help you!

How is the coronavirus crisis affecting the real estate market in Spain? How was the sector before the crisis? What will happen when it is all over? Can we be optimistic?

In the next article, Joaquim Zamacois, entrepreneur and adventurer, partner of the Summit Capital fund and founder of the first cooperative real estate agency in Spain, talks about this issues:

During the first fortnight of March, some areas of China that have been reopened after the worst of the coronavirus crisis have increased their real estate activity by 8.5%* compared to the same fortnight in 2019. During the stop, activity had shrunk by 99.5%, as in Barcelona today.

Is there room to be optimistic in this week of infernal data and worse family dramas? Obviously, we entrepreneurs have the obligation to keep on, otherwise we would jump out the window as Lorca told in his Poet in New York about the free flight trend among bankers during the crack of ’29. The real estate market in Barcelona reached saturation point in October 2017, coinciding with 1-O. From then until three weeks ago, intramural prices had seen a sustained decline – to 20% in some areas of the Eixample – due, paradoxically, to the city’s attractiveness to foreign investors: it was these who brought the market to a boil from 2013, when prices were at low, and pushed promoters, owners, neighbours and intermediaries of all kind into a price escalation that had nothing to do with the country’s economic growth. As always happens to us, we thought we were London or Paris. So at the end of 2017, with prices at historic highs, the smartest ones withdrew, the rational buyers stopped preferring Barcelona – from 12,000 euros /m one can take refuge in some side street of the Marais-, and we are left with a wonderful stock of luxury promotions and an increasingly local demand and with less purchasing power.

Since then, the residential market has been deflating enough to fuel local demand. Although it still doesn’t pay the prices of “luxury”, the second hand does work. We already know that owners do not lower prices at the first exchange: in Spain it takes years, storms and pandemics for a seller to understand that he has to lower the price if he wants to sell, because culturally we continue to regard the brick as a sentimental asset, rather than a pure and hard asset. It costs, but we get it and the prices are adjusting. To this market situation, we must add the decree of 30% that approved by the City Council in mid-2018 and that requires large renovations and new constructions to cede 30% of its roof to social housing. This law, instead of increasing the social living ceiling, leaded to the disinterest of the capital by residential construction, and a very healthy side effect, which was the decline in the prices of vertical properties for sale. No fund, no matter how suicidal this is – what there are, damn managers’ fees – will buy at a price of 100 receiving 70, and less in a bear market.

And with this comes confinement and the market ceases to exist. There’s no market anymore. Zero new transactions, which are the ones that count. There are no visitors, no demand, no need in at least a month and a half, and the whole sector wonders what will happen.

If you look at China, the rebound was perfect, and the contained demand has skyrocketed when they open the door. And the Chinese buy all over the world – blessed Golden Visa, may the Lord keep your health – so that the dead man is not completely cold. There’s a pulse. In addition, the ghost of John Maynard Keynes has appeared to each of the Heads of State of the Union – and America – and they are going to irrigate the markets with liquidity. Hundreds of billions in Europe, trillions in America – election year and Trump wants to keep going. We don’t know if families will see a euro in the coming weeks, but liquidity will hit the markets. There’ll be money. And the money must be moved because the interest rate is 0%. Three factors converge to consider that we are not so bad: prices in Barcelona have been falling for almost three years and are at attractive levels at European level, states will inject a massive amount of liquidity to keep the economy alive, and the expected rebound effect when this drama is over. I think a good time to buy if you’re from Barcelona will be the day you go out without being fined. There are other ways to look at it, but I prefer this one. It helps to spend in a better way these days of cocooning.

Feedback Today, and online journal about interviews and companies, has interviewed our CEO, Oriol Molas, to know about the current situation and how the company is facing it.

Among the most important points of the interview we have:

  • There are two types of investors, those looking for business and those who want to acquire residency, especially Asian
  • Through the Sumit fund, at Orience International we offer real estate assets
  • Currently, and due to the situation of the coronavirus, the entire real estate market is paralyzed
  • The crisis will affect Spain more than its neighbouring countries, but this in turn will create new opportunities
  • In the future the investment is sure to return
  • From July the market will start to slowly recover

Read here the full interview

After two weeks of total lockdown, since yesterday the government has implemented a deactivation of the confinement, which means that workers in those companies where teleworking is not possible can return to their jobs. This measure applies mainly to the construction and industry sectors.

Also, and to preserve the safety of these people as much as possible, the government has prepared a guide of good practices for companies that have resumed their activity:

– Maintain the interpersonal distance of at least 2 meters

– Frequent hand washing

– Hygiene of public and private spaces.

In addition to the previous measures, the Minister of Health has asked employers to stagger the hours of employees and, as far as possible, provide them with the necessary protective equipment.

On the other hand, and about transport, the government has recommended that workers come to work in means in which social distancing can be guaranteed, such as the private vehicle, walking or cycling.

Distribution of masks

In parallel, the government is distributing, since yesterday, hygienic masks for workers who go out to work. They are distributed free of charge in the main public transport stations of trains, subways and buses. In total between yesterday and today more than 10,000,000 million masks will be distributed throughout the country.

The last hour in Spain

Despite the lifting of total lockdown, Spain remains in alarm until April 26, and government sources have already advanced that the situation will last until mid-May. This means that all those who can, should continue to telework and only go outside to buy products, go to the pharmacy or walk the pet. In addition, they can only open supermarkets and pharmacies, and restaurants, bars, shops, museums, etc. they will remain closed.

If we look at the figures, little by little things are improving. According to the latest balance published by the Ministry of Health, the number of those infected continues with the slowest growth, with 3,045 new positives, the lowest number since March 20. As for the cured people, they represent 39% of those infected, with 2,777 new discharges. Finally, and despite the fact that the number of deaths has increased slightly compared to yesterday, the downward trend continues with figures much lower than last week.