International investors choose to live in Madrid for its excellent quality life. With its perfect weather, and delicious gastronomy, the capital of Spain is undoubtedly one of the best places to live in the country. Many foreigners choose to live in Madrid, as being the capital of the country carries a significant advantage to entrepreneurs that want to become successful in their business, compared to locating in a non-touristic part of the country. Discover in the next post, why living in Madrid is a good idea:
An average of 6 million tourists visits the capital each year, which makes it a strategic market location for attracting locals, tourists and citizens from neighboring countries. Furthermore, the city has one of the best public transportation systems in Europe, which can easily give you the opportunity to visit other places in Spain, like Barcelona, Sevilla and Valencia.
The best way for investors to live in Madrid is through the Golden Visa Spain, which comes with the opportunity to live, work and study in the country along with their family members. Applicants for this visa will be entitled to benefit from the recent reforms in the Spanish Education System, and the free high-quality healthcare system, as well as to be able to travel to the different countries within the Schengen area without the need of an additional visa. The process for this residency option typically l 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
Living in Madrid: how can you get the Golden Visa?
The first step to apply for the Golden Visa Spain is to reach out to f our experts in Orience International to advise you on what is the best investment option for you. If Madrid is your preferred location for its advantages, 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 Madrid offers.
Before you start your application, you must decide where you are going to live in Madrid. There are different options: the history, art, architecture, parks, gastronomy and leisure options are scattered around the city, making it a decision based on your preferences. The famous Puerta del Sol’s neighborhood, Sol, and the residential neighborhood of Salamanca, are two of the most popular and touristic places to live in Madrid. It combines sophistication and rich cultural alternatives into the area, which can be perfect for some expats that enjoy residing in a lively place. The high prices in this area are arguably reasonable, and having the famous Retiro Park and the Paseo de la Castellana, for Salamanca, and the heart of the country, Sol, as your daily view is worth it.
If you are looking forward to living in Madrid in a place where you can find beautiful green places and modern skyscrapers in one area, you can choose to live in Tetuan. The diversity of cultures that fills this neighborhood, great parks, such as the Sahagun and Dehesa de la Villa, and the rich gastronomy in the area, has welcomed families and professionals to live in this side of Madrid. On the other hand, La Latina and Lavapies are less touristy than the previous mentioned. These areas are some of the most colorful neighborhoods, offering classic Spanish vibes with the best places to eat some tapas. Expats that decide to live here will have a more quiet and quaint experience.