Barcelona, Spain’s major Mediterranean port and commercial center is the most active startup city in Spain with an ecosystem that has matured and is continuing to develop. Because of this, it has been ranked as #6 in the Top 100 Emerging Ecosytems by Startup Genome in 2020. With to the Golden Visa you can start a new business in the country

In 2018 Barcelona was ranked the 3rd preferred city in Europe to set up a startup by the European Union and the 7th city in Europe with more scaleups, that is startup technologies that have raised more than one million dollars in funding. This is because Barcelona has all the qualities of an ideal startup ecosystem – innovation, talent, universities and support organizations.

Innovation

Innovation has characterized Barcelona throughout most of its existence as evidenced by its art and architecture. Barcelona has been ranked the 4th most innovative city in Europe by The Innovation Cities Index.

Universities and Talent

Barcelona is the only European city with two academic institutions (IESE and ESADE) among the top 10 business schools in the world according to The Financial Times.

Since the founding of the University of Barcelona in 1450, Barcelona has fostered an environment that promotes creativity and forward thinking. This has made Barcelona the 5th most attractive city for digital talent according in a report called Decoding Global Talent 2019 released by the Boston Consulting Group.

According to Mobile World Capital, Barcelona has the second highest number of professional developers among all European cities. Barcelona also has the capacity to attract R&D, ranking as the 7th urban area in the world with more investment received in 2019 according to Global Cities Investment Monitor.

Support Organizations

In support of Barcelona’s unique standing, the city actively encourages startup and entrepreneurial congresses, conferences and fairs and consequently has been ranked the 4th city in the world that organizes the greatest number of congresses and the 1st in the number of representatives that attend these fairs according to The Observatory.

These qualities have resulted in 1,300 startups in Barcelona in 2018, 21% of which have secured rounds of investment of over 1 million euros. The year before, the city raised about 722 million euros making it the 4th among European cities with the most startup funding.

Startups based in Barcelona have mainly focused on industry innovations (17%), life sciences (13%), mobile and software technologies (11%) according to Startup Heatmap Europe and have employed close to 14,000 people.

In an interview with startup founders in Europe, 20% would choose Barcelona, making this city the 3rd favorite startup hub in Europe.

Lastly, Barcelona is the 3rd best city to combine work and personal life in Europe and 8th in the world making it a city that offers a high standard of living.

Why choose the Golden Visa

If you are a businessman or entrepreneur looking to set up a startup in exchange for permanent residency through investment, then Barcelona is the perfect place and the Golden Visa the perfect vehicle to attain your goal.

You can begin by applying for the entrepreneur visa or startup visa, a newly created visa that will allow you to live in Spain during a two-year period provided that you have a startup project that is innovative and aligned with the industries particularly significant to Spain like green energy, the atmosphere, water and water treatment, health sciences, biotechnology, and aeronautics and aerospace, and can provide employment for Spaniards.

Once this visa has been granted and you have either started a business or made a capital investment in a startup, you may now apply for a Golden Visa which will grant the applicant permanent residency in five years. The entrepreneurial investment must be at least one million euros and can be any of the following types:

  • Opening a business or starting an entrepreneurial project that is aligned with the significant industries.
  • Highly qualified professional individuals who are experts or highly qualified in the significant industries
  • For those who engage in research or educational activities.

No matter the amount of investment, it must be maintained in Spain for a minimum of five years. After the five years period is over, the applicant will obtain permanent residency in Spain and after ten years can apply for Spanish citizenship.

The applicant’s goals of setting up a business or startup in Barcelona, of obtaining permanent residency, and if he so chooses Spanish citizenship will have been successfully met.

 

The Human Development Index (HDI) developed by the United Nations ranks Spain as the 5th best country in the world to live in.  Spain has a coastline along the Atlantic Ocean to the North and the Mediterranean Sea to the southeast that provides Spain with a pleasant climate throughout the year that is beneficial to its agricultural products. If you are looking for a country that provides a healthier and relaxed lifestyle, then Spain is the country and the Golden Visa Spain the ticket to a healthier and relaxed lifestyle.

The Golden Visa Spain requires a minimum investment of € 500,000 in a real estate market that is diverse and has the potential for capital gains in the years to come.  After five years of living in the country, permanent residency can be obtained and after ten years, citizenship. This program is perfect for those who wish to live full time in Spain or simply maintain a second residency in Europe but without a path to citizenship and live a healthier and relaxed lifestyle.

Live a healthy life in Spain

The Golden Visa Spain also allows for the healthier lifestyle Spain is becoming known for.  A 2018 study by the Washington Institute for Health Metrics and Evaluation predicted that Spain would surpass Japan as the country with the longest life expectancy by 2040.  Spanish people have a life expectancy of 83.2 years.  A 2019 Bloomberg Healthiest Country Index showed that out of 169 countries, Spain is the healthiest nation in the world.

Health experts attribute this longer life expectancy and overall health and wellness to the Mediterranean diet that Spaniards have been following for many generations, and an excellent healthcare system.  Other factors like the good weather and a relaxed lifestyle have contributed to Spaniards’ health and wellness.

The Mediterranean diet is the high consumption of olive oil, legumes, unrefined cereals, fresh fruits and vegetables, and fish, a moderate consumption of dairy products and wine, and a low consumption of meat products.  The freshness of the produce which are mostly home grown and therefore have less traveling time also contribute to the success of this diet.

The traditional preparation and cooking techniques that Spanish cooking is known for also contribute to the Spaniards’ health and wellness.  These techniques have changed very little over time and passed down from generation to generation.

Climate and temperature also have a big impact on one’s health.  Spain’s constant sunlight encourages people to be more active and outdoors.  Sunlight increases the body’s vitamin B levels that can prevent cancer, boost the immunity system, keep bones healthy and strong and provide higher energy levels.

Spaniards have developed a lifestyle that is relaxed in comparison to that in the rest of Europe or the US.  There is less concern for time and Spaniards are never in a hurry.  Meals are leisurely and mostly never alone, and serve as a time to take a break, catch up and refuel that may include a few minutes of siesta or light sleep.  Many shops, cafes, restaurants and business establishments close during the hottest time of the day and open again when it is cooler and stay open until late in the evening.

Enjoy one of the bests healthcare systems of the world with the Golden Visa Spain  

The Spanish healthcare system is one of the best in the world.  It guarantees universal coverage and free healthcare access to all Spanish nationals regardless of economic situation or participation in the social security network and offers private or public healthcare services. The Spanish healthcare system is decentralized with service delivery organized at the regional level.   This means not only a faster and more efficient service delivery but also availability in the remotest rural areas.

So, if it a healthier and relaxed lifestyle you are seeking, then Spain and the Spanish Golden Visa is for you.

 

The crown jewel of Spain’s Balearic Islands, Mallorca, is well-known for its beautiful coastlines, unique architecture and comfortable lifestyle. Every year, millions of tourists visit the crystal clear waters and amazing cuisine in the islands of Mallorca, and many decide to turn the short visit into an eternal holiday. Foreign investors that know of the great potential of the islands buy real estate in Mallorca as a wise investment, for the prices on properties on the popular holiday island have been increasing in the past years.

Benefits of the Spain Residency

Foreign investors can obtain a visa for permanent residency by buying real estate in Mallorca. This can give them and their families the opportunity to live, work and study in Spain and benefit from the many advantages that come from it, such as the healthcare system and the great educational system of the country. Moreover, the applicant for that visa and his family can live in an eternal holiday: the stunning beaches, the Mediterranean weather and the beautiful architecture of Mallorca will become your new home.

What you should consider before buy real estate in Mallorca

The first step for investors to choose the location of their new property is to decide what to have in consideration. The Mediterranean vibes and the terraces with breathtaking views are available in many places of Mallorca, but there are some things to take into consideration before buying a house that will serve as your new home and not just your holiday home. For instance, places for leisure and shops for everyday needs should be near your new home, and assurance of the safety of your new neighborhood is a must.

There are different types of properties if you are planning to buy real estate in Mallorca. Like any other place in Spain, you can choose to obtain a private housing state (also known as urbanizacion in Spanish) that provides plenty of space and ensures a high degree of privacy, or you can go for an apartment, which is a more economic option. This alternative tends to be located in populated residential areas that are close to the beach, for many expats and international investors want to start the day glancing into the turquoise water of Mallorca.

On the other hand, the most popular choice for wealthy local and foreign investors are the fincas, which are country houses that give the owners the chance to have a rustic lifestyle closer to nature. These can become luxurious residences, or can also be turned into a functioning farm, so the finca can be your new home that comes with a business. For this type of property, buyers should pay attention to the terms and conditions of the acquisition to ensure that it is a good investment.

How you can obtain the Golden Visa Spain

International investors can obtain the Golden Visa Spain through a real estate investment in Mallorca, which will enable the applicant and his family to reside in the country for a longer period of time. The visa will also give the family the opportunity to travel to other countries in the Schengen area without the need of an additional visa. The program does not require any length of stay during the process, and the visa-holders will be eligible to live legally in their new home in Mallorca. Moreover, the Golden Visa can lead to the spanish citizenship.

These are the options in the program for foreign investors that are interested in buying real estate in Mallorca and want to obtain a residency permit:

  • A real estate investment of a minimum of €500,000
  • A €1,000,000 investment in shares or business of Spanish companies
  • A €2,000,000 investment into Spanish government bonds
  • A fund transfer of €1,000,000 into a Spanish bank account

Nevertheless, if you are planning to buy real estate in Mallorca, regardless of the type of property, it is necessary that a real estate expert accompanies you to examine the legal paperworks, and the property itself, to receive professional advice before making the investment. Our team in Orience International will guide you through the legal process of buying real estate in Mallorca and will provide you with the best options of investment programs.

 

Countries like Spain that rely on the tourism sector had experienced the negative impact of the pandemic during the past year, and the release of the COVID-19 vaccines has given hopes to the government to welcome, once again, travelers from around the world. Last May 21, the president of the Government in Spain, Pedro Sánchez, announced the new updates that will benefit the economy of the country, as well as foreigners that are thrilled to visit the Mediterranean country.

Starting June 7, international travelers that have received full vaccination against COVID-19 can travel to Spain. This means that even tourists from the US will be welcomed to visit once again the country, as long as the visitors provide a certificate that proves that the travelers have received a full vaccination against COVID-19 authorized by the European Medicines Agency (EMA) or by the World Health Organization (WHO). Moreover, last Monday, May 24, citizens of countries safe from COVID-19 were considered eligible to travel to Spain once again. These countries have been classified with low intensity of COVID-19 cases, and the list includes the UK, Australia, Singapore, Japan, China, Israel, South Korea, Thailand, New Zealand and Rwanda.

These positive changes in the entry bans in a touristic country like Spain will improve the country’s economy, and will be advantageous to the tourists that have waited for over a year to visit the beautiful beaches and taste the exquisite Spanish cuisine. Furthermore, international entrepreneurs that were seeking to start a business in the country are now welcome to the country, as long as they had received the full vaccination against COVID-19. As the president of the government said, “Spain is pleased to welcome international visitors once again”, for it will help the country’s recovery, and it will mean a step forward towards the new normal for travelers.

 

Spain Golden Visa is one of the hottest programs in the market that allows foreign investors to acquire a residency permit by purchasing real estate in the country with a value equal to or greater than €500,000. One of the main reasons is the country’s potential for financial growth, for the location of Spain, near touristic places in both Europe and Africa, as well as the plenty of locals, guarantees the success of a business.

Moreover, investors choose the Mediterranean country as their new location because of the advantages that come from living in Spain, such as having access to public and private healthcare, as well as to the educational system in the country which will ensure the best quality education at international level to your family.

List of documents required

In order to obtain the Sapin Golden Visa and start your new life as a residency permit-holder of the country, the applicant must first submit the complete and correct needed documents 90 days before the expected date of travel. If failed to do so, the application will be rejected and they must fill for a new appointment at a later date. However, the Golden Visa Spain does not require length of stay in Spain for the visa-holders to benefit from all rights granted by it.

These are the documents for buyers of real Estate in Spain that seek to obtain the residency visa:

  • Visa application form filled and signed
  • One passport-type photo (white background, 2×2”) glued to the form
  • Passport or Travel Document original and a photocopy.
  • Driver license, State I.D. card, Voter’s Registration Cards, current student I.D. Any I.D. Card that proves your place of residence is within the jurisdiction of the Spanish Consulate of Los Angeles original and a photocopy (for US citizens)
  • Alien Registration Card or long term U.S. Visa (for non-US citizens only)
    • Holders of B-1 and B-2 Visas cannot apply in the United States; they must apply in their country of residence or country of origin
    • Applicants holding Student Visas must also submit their I-20 signed by the university on the last page and a copy of their F-1 Visa
  • Certification of “absence of police records” and a background check verified by fingerprint comparison
  • Disclaimer duly signed
  • Payment of the Visa Fees
  • Certifying Documentation

All the documents for this visa need to be in Spanish or translated by a Sworn Translator. Therefore, the original, a photocopy and the translation is required. Once the visa has been granted to the investor, it will be valid for a period of 365 days upon the formalization and acquisition. If the visa has not yet been formalized but there is a pre-contract with guarantee of its compliance, the residency permit is for 6 months instead.

Options of investment to obtain the Spain Golden Visa

The investment options available for the Golden Visa Spain are:

  • A real estate investment of a minimum of €500,000
  • A €1,000,000 investment in shares or business of Spanish companies
  • A €2,000,000 investment into Spanish government bonds
  • A fund transfer of €1,000,000 into a Spanish bank account

Whether the reason you decide to obtain the Spain Golden Visa is to relocate with your family to the country and benefit from the Spanish Education System and the healthcare, as well as to secure a comfortable life with its Mediterranean weather, low cost of living and the wonderful lifestyle; or because you aim to expand your business opportunities towards the Northern Hemisphere in a country where millions of tourists visit it each year.

Orience International will accompany you during the process and help you choose the investment option that will best fit your situation.

Spain ranks third in a study on the most popular destinations to move to, only behind Canada and Japan, making the Mediterranean country one of the top choices for foreigners that are looking for a new location to reside, or for business. An increasing number of international entrepreneurs have opted for the Golden Visa Spain as their path to acquire a permanent residence permit. With this investment program, the principal investor and family members that are not residents of an EU country will be eligible to live, work and study in Spain.

Here you will find the main reasons why the Golden Visa Spain is the best option for non-European investors that are planning to acquire permanent residency in Spain.

1. Investors and family members can move together to the country and benefit from the advantages of becoming a resident of Spain

With the Golden Visa Spain, visa-holders will have access to public and private healthcare, as well as to the educational system in the country, which has been updating and guarantees the best quality education at international level.

Moreover, the Mediterranean country offers more than 3,000 hours of sunshine every year, exquisite traditional and international cuisine, and has some of the best views in the world; the perfect place for your new home. The best quality life at low cost of living is assured in Spain.

2. Travel to different countries within the Schengen area without the need of an additional visa

Investors and their families that have obtained the Golden Visa Spain are granted visa-free access to the Schengen zone, which includes Sweden, Germany, Italy among others. This is convenient for entrepreneurs that frequently visit neighboring European countries for business, or simply to explore foreign land.

Once you have kept your residence permit status for a period of five years, you will be qualified to apply for the Spanish citizenship.

3. Benefit from the country’s potential for financial growth

The country’s proximity to other neighboring countries in Europe and Africa, as well as the plenty of locals, guarantees the success of a business. Also, Spain is a top tourist destination, millions of tourists visit the main places of Spain (Barcelona, Madrid, Balearic Islands, etc.), as well as the small cozy towns in the north. The investment on real estate in any part of the country can become a successful rental business opportunity for short-term stays.

4. A plan B to avoid life-threatening situations, political and economic instabilities 

The Golden Visa Spain will offer you an alternative route for the whole family to ensure a more prosperous life. Having a residence permit in Spain will give you the opportunity to choose in crisis situations. When there are unexpected life-threatening situations, such as the on-going pandemic, the whole family can move to Spain to benefit from the Spanish healthcare system, voted recently as one of the best in the world. The right to choose will give you the assurance of a lifetime investment that benefits the whole family.

5. Experts affirm that now is the best time to buy real estate, and the Golden Visa Spain offers plenty of benefits

Professionals expect investors and potential buyers to resume activity and raise their interest to buy real estate during the year 2021, 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% will favor possible buyers. For that, experts advise that it is better to buy real estate than to sell, which is good news for foreign investors that are also aiming to acquire a residence permit through the Golden Visa Spain by investing in the third largest investment country in the EU.

The investment options available are:

  • A real estate investment of a minimum of €500,000
  • A €1,000,000 investment in shares or business of Spanish companies
  • A €2,000,000 investment into Spanish government bonds
  • A fund transfer of €1,000,000 into a Spanish bank account

The process for this residency option typically takes 60 days and it does not require length of stay in Spain for the visa-holders to benefit from all rights granted by it.

 

If you are considering buying a property in Spain, this is probably one of the best times to do so and obtain a Golden Visa by investment in real estate. After a few years of economic recovery, the effects of the COVID are starting to be felt in the real estate market. As a result, they are probably at their lowest value or even rebounding slightly, so a good portion of the properties that are on the market can be bought for a fraction of their real value.

For Indian investors, the purchase of a property in Spain in which they invest an amount of at least 500,000 euros will allow them to apply for the Golden Visa Spain or special residence permit for investors.

However, before buying a real estate property in Spain we advise you to spend some time researching and informing yourself on what to do and what to avoid in order to stay away from the problems and difficulties that others have experienced in the past. Here is some useful information and advice to help you plan your purchase for the Golden Visa by investment in real estate.

 1.- Choosing the property, paying the deposit and signing the reservation document

Our first advice is to put yourself in the hands of a reputable real estate agent who will help you find and choose the perfect property that meets your needs and expectations. The intervention of an agent will usually save you time, money and surprises. Their fees are always paid by the sellers, so there is no cost to your pocket. A solvent agent with a long experience in the area knows the properties perfectly well, the locations that may interest you most according to your expectations, the best locations within each complex or development, the nearby facilities, the distance to health or leisure centers or the security of the area, and it is a fact that, besides the price, it is important to take into account all these factors when choosing a property. In Orience, we usually work with Colibree, a real estate agency implemented throughout the territory and consisting of highly professional agents.

Once you have chosen the property, it is advisable to pay a deposit and signing a reservation document. The deposit is usually a small amount (between 3,000 and 6,000 euros) that is held by the real estate agency or the seller’s lawyer and serves to secure the purchase and remove the property from the market, as well as to freeze the price. It is important to emphasize that, should the buyer decide not to complete the transaction, he/she will not be able to recover the deposit.

 2.- Appoint a local lawyer to advise you on the purchase

Your local lawyer has the tools, contacts, knowledge and experience to verify the legal capacity of sellers, developers and other intermediaries; to draft or review every document to be signed that may compromise your interests; to ensure that all legal requirements are met; and to make sure that the property is free of debts, liens or encumbrances.

A local lawyer not only knows the applicable legislation, but also the area and the potential problems or advantages of one or the other option, so his or her knowledge will be very useful to you.

At Orience we have a team of lawyers with extensive experience in the Golden Visa by investment in real estate sector. In addition, we can carry out most of the procedures by power of attorney, which will allow you to make your purchase without the need to travel constantly to Spain.

 3.- Open a bank account

You will need a bank account in Spain to pay for the property and all the expenses associated with it, such as the community fees and the bills for the utilities of the property (water, electricity, etc.). You can use any bank in Spain, but it is advisable to open the account in a bank that has a branch located near your property.

Before opening the account it is advisable to prepare all the personal documentation, as you will have to go through a strict compliance process

 4.- Obtaining the NIE

The Foreigners’ Identification Number (known by its Spanish acronym NIE) is a unique, personal and invariable number used to identify foreign taxpayers. All foreigners with economic, professional or social interests in Spain are obliged to apply for the NIE before the competent body of the Ministry of the Interior. You can obtain the NIE at the Spanish Consulate or Embassy in your country of residence or at the Police Station of the Spanish city where you live, work or intend to buy a property. The problem of doing it in person is usually the time needed, the queues to be done, etc. Orience offers its clients a fast and hassle-free NIE service.

 5.- Study of the property and signing the purchase contract

Once the deposit has been paid and the reservation document has been signed, the owner or his representative must provide the purchaser with the documentation of the property that will allow him to study the viability of the operation from a legal, urbanistic and fiscal point of view. Normally it is somewhat complicated for a private individual who does not have basic knowledge of the Spanish legal system to carry out these checks personally, so it is always advisable that they place themselves in the hands of a professional. At Orience we carry out exhaustive checks in property registries, town halls, communities of owners, supply companies and other organizations.

The signing of the private purchase contract takes place between two weeks and one month after the delivery of the deposit and is usually accompanied by the payment of 10% of the purchase price. There are different types of purchase contracts, but the most commonly used is the Deposit Contract, which provides that if the buyer withdraws from the purchase, he/she will lose the amounts paid. If, on the other hand, it is the seller who withdraws, he must return double the amount received.

 6.- Signing of the deed of sale and delivery of possession

The purchase process ends with the signing of the public deed of sale by the buyer and seller. At that moment the seller grants title to the property to the buyer and the buyer delivers the rest of the agreed price. The signing of the deed of sale is formalized before a notary public. The notary is a public servant and, therefore, independent of the parties, who gives public faith that these have agreed the transaction and that they have done it according to the law.

Prior to the signing of the deed you will have to transfer to your Spanish bank account the funds to cover the price, taxes and expenses that will be incurred. Due to the investment control policies and the obligation to certify the payment methods and the origin of the funds, it is convenient to prepare the transaction in advance.

As soon as the deed is signed at the notary’s office, your title deed is already reflected in the Land Registry as a result of the notary’s own telematic presentation. However, further processing is required, which consists of withdrawing the original document from the notary’s office, settling and paying the corresponding taxes and, finally, presenting the deeds at the Land Registry for full registration.

If the property is not registered in your name in the Land Registry, you will be able to own it privately, but you will not enjoy the guarantee that the registration in the Land Registry offers you against third parties. The registration process is usually completed within one month.

 7.- Apply for the Golden Visa

Once you have completed all the procedures detailed here, you will be able to apply for the Golden Visa by investment in real estate. The investors coming from India, must carry out this process in the consulate of their city of residence. Orience guides its clients through the entire process and, if necessary, contacts the corresponding consular office.

 

Barcelona, the capital of the autonomous community of Catalonia, offers the best combination of nature and cosmopolitan lifestyle, allowing its residents that buy real estate in Barcelona, to enjoy warm summers in La Mar Bella, hiking the Montjuic and visiting its Castle, and experience the city life filled with cultures and traditions, which make the city unique.

Barcelona has ranked 8th in The World’s Best Cities 2021 report by the International consulting firm Resonance; no wonder the city is home for many expats, making this community account for 20% of the city’s population. Moreover, numerous international entrepreneurs choose Barcelona as the location of their business for its proximity to other neighboring countries in Europe and Africa, as well as the large and varied public that includes locals and non-Spanish citizens which ensures a successful business.

Why choose Barcelona to start your new life

Another reason Barcelona is part of the top 10 best cities in the world is for the perfect balance between work and personal life. There are many places in the neighborhoods of Barcelona, such as libraries, coffee shops or public areas in parks or universities, that invite people outside, with the privilege to work in a quiet and peaceful place. This has a positive effect on the people that buy real estate in Barcelona, for the environment and essence that the city releases makes its residents enjoy living in the city.

In addition, the city has not only some of the best neighborhoods, but it also has the hidden gem of El Parc de Collserola, that will give you the opportunity to have an unforgettable hike. The 8,000 hectare area of one of the largest natural parks in Europe allows you to discover and learn from its natural area with a diverse flora and fauna, as well as  to have the opportunity to witness an amazing overving of the city.

Best neighborhoods to buy real estate in Barcelona

The different yet equally fascinating neighborhoods in the city have their singular characteristics, which makes them unique and beautiful.

Buying a real estate in Barcelona depends on the priorities one has, if you are looking to purchase an extravagant house, with rustic and sophisticated facades, the neighborhood of Sarria-Sant Gervasi and Les Corts is the best choice with an average price of €5,133 per sq m in Sarria, and €4,944 in Les Corts. The upper northwest area of Barcelona is known for its luxurious streets, its proximity to El Parc de Collserola, and the location for the best international schools in the city.

On the other hand, if you are longing to live in the heart of the city where everything is near and different cultures fill the streets, La Ciutat Vella is the perfect place, with an average price of €4,000 per sq m. Hidden in the oldest area of Barcelona you can find the best cuisine from around the globe, cozy and exceptional music bars, and historical streets that will lead you to the Barceloneta beach.

Furthermore, with the arrival of the COVID-19 vaccine to the country, more international investors are eyeing to buy real estate in Barcelona, for the properties are low in demand (due to the lack of tourists and the freeze in real estate) but still have a great potential for capital in the long term.

How can you live in Barcelona

One of the best options is through the Golden Visa Spain, which will allow applicants and their family members to live, work and study in the city of Barcelona, as well as to travel within the Schengen area without an additional visa. The permit will let the visa-holders enjoy all the aspects of living in the Comital city: from the extraordinary Mediterranean weather, to the low cost of living, and the mix of different cultures, that combined with the nature, history, architecture and art makes Barcelona the ideal location to buy a property.

 

People from different parts of the world are getting interested in moving to the Northern Hemisphere where the weather is soothing, there is better financial stability and the overall lifestyle is wonderful. All of these components are present in Spain, which ranks third, behind Canada and Japan, in a study on the most popular destinations to move to. The Mediterranean country has more than 3,000 hours of sunshine, some of the best beaches in the world, and an exquisite gastronomy achieved by the fresh and flavourful ingredients that the land offers. That and the low cost of living compared to other European destinations, makes Spain the perfect place for people that are planning on moving out of their countries and the Golden Visa Spain can help you to do this.

Spanish Educational System

Another reason why people decide on moving in Spain is for the educational system that the country offers, which has updated its teaching techniques in order to offer the best quality education to the students. The country has some of the best international schools, whereas foreign students will have the chance to be exposed to the rich culture of Spain, and also learn the second most spoken language in the world; an opportunity that can be a huge advantage when it comes to personal and work development.

Before the pandemic, more than 125,600 higher education students (including the almost 53,000 Erasmus students) came to the country to benefit from the quality education and the budget-friendly lifestyle – two essential aspects for university students that are looking for the best country to reside while pursuing their studies.

Where to live with the Golden Visa Spain

When it comes to where to live in Spain, Madrid and Barcelona carry a significant advantage compared to other parts of the country, for a guaranteed success in your business with the millions of tourists that visit the two major cities each year. Locals, tourists and citizens from neighboring countries are abundant all year long, which makes the capital, Madrid, and the Comital city, Barcelona, strategic market locations that ensure growth regardless of the on-going pandemic.

Another preferred location is San Sebastian, situated close to the French border. Choosing this coastal city will ensure a splendid quality of life filled with delightful cuisine, golden sand beaches and pleasant ambiance.

There are other locations that can be the top picks for foreigners that want to live in Spain, like the Balearic Islands, Valencia or Malaga; all of them magnificent and charming depending on your preference.

How to get the Golden Visa Spain

Moreover, the best option for international entrepreneurs that want to live in the country is the Golden Visa Spain.

This permit will allow the holders and their family members to live and work in Madrid, Mallorca or any place in the country, benefit from the Spanish Education System and travel to different countries within the Schengen area without the need of an additional visa.

The process for this residency option typically takes 60 days, without a minimum required length of stay in Spain in order to benefit from all rights granted by it, as long as the investor chooses among these investment options:

  • A real estate investment of a minimum of €500,000
  • A €1,000,000 investment in shares or business of Spanish companies
  • A €2,000,000 investment into Spanish government bonds
  • A fund transfer of €1,000,000 into a Spanish bank account

The first step to apply for the Golden Visa Spain is to reach out to our experts in Orience International to advise you on what is the best investment option for you. Afterwards, you will proceed with the submission of the required legal documents as well as the residence application. Once your residence application has been examined and approved, you will be issued a residence permit that will allow you to enjoy the high quality life that Spain offers.

Contact us!

 

Known for its distinguished architecture, turquoise water, and splendid Mediterranean weather, Palma de Mallorca is one of the prime destinations for tourists and expats that decide to live in Spain. According to Statista, the capital and largest city of the Balearic Islands welcomes different nationals from a variety of countries every year, Germany and the United Kingdom being on top, with over 4.1 million and 2.4 million respectively. Not only does the island attract short-term visitors, but the exceptional beauty of the Spanish island, the easy lifestyle, and the stability that the city offers makes Palma the new home of choice for thousands of expats each year. In this article we will tell you why it is a good idea buy real estate in Mallorca.

Reasons to buy real estate in Mallorca

There are many reasons why international investors choose to buy real estate in Mallorca. Through investment, foreigners can acquire a visa that will let them live, work, and study in Spain.

Thus, families from all over the globe can reside on the island with the opportunity to experience the Mediterranean lifestyle, where the perfect balance between work and leisure, family and food is achieved.

Characterized by its splendid climate, dreamlike beaches, and singular architecture for its mixed Arabic, Spanish and modern features, Mallorca is a splendid place to live in. Furthermore, in spite of its small size, the island is well connected with direct flights to all major European cities. Son Sant Joan Airport in Mallorca is the third busiest airport in Spain after Barajas in Madrid and El Prat in Barcelona, with an average of 29.7 million passengers in 2019, providing several national and international airlines that offer connected flights to distant places all over the world that support the robust number of visits each year.

Majorican architecture characteristics

Another reason foreigners choose to buy real estate in Mallorca is for the exceptional architectural style characteristic of the island.

Houses all over Palma de Mallorca have distinctive elements that make the design of the buildings unique and stunning, wherein the main materials used are based on the regions they are located in. For instance, the use of stone in the construction of Majorican houses is because of the abundance of this material in the island. In the montane region of Tramuntana, the famous architectural style is the use of hard limestone; in Raiguer, the center of Mallorca, the use of stone and mud; and in Migjorn, in the south of the island, traditional buildings are made by hand-extracted stones from the seashores. Aside from the different forms of stones present in the architectural design typical in Mallorca, the use of wood, natural sunlight and terracotta colors are other ingredients present in their architectural design.

These features give the houses in the island the warmth and coziness that combined with the weather and the Mediterranean lifestyle, makes Mallorca an irresistible location to buy real estate.

Why residency in Mallorca is a good idea for Brits

As mentioned earlier, British are abundant in the Mediterranean island, not only as tourists but also as permanent residents of the autonomous community of the Balearic Islands. Mallorca has become the escape route for Brits that have had enough of the gloomy and stressful life in the UK, exchanging it for the paradisiac lifestyle and wonderful weather in the island. Architecture and location are also aspects that British have in mind when purchasing buy real estate in Mallorca.

Investing in a luxury villa in Tramuntana will ensure gorgeous views in a pleasant and relaxing home, which can be the location of your plan B home for expats that acquire their residency permit through investment.

This option could be perfect for Brits that have decided to move outside their country because of Brexit (exit of UK from Europe), as buying real estate in Mallorca will grant them the chance to live, work and study in the country: a dream come true for expats that want to reside in Mallorca, one of the best places to live in the world.

Do you want to get the Spanish Golden Visa? Contact us, we will explain the steps to follow for obtain it.