Did you know that by making a minimum real estate investment of €500,000, non-EU foreigners can obtain a Golden Visa? (And no, we're not talking about an exclusive credit card). The Golden Visa is a housing investment program that allows non-EU foreigners to obtain a temporary residence permit in Spain in exchange for making a property investment worth €500,000 or more. In addition to real estate, investors can also obtain this visa by acquiring €2 million in public debt, shares worth at least €1 million in Spanish companies, or through investment funds and bank deposits, also starting at €1 million.
This program was implemented in Spain in 2013 with the aim of attracting foreign investment and stimulating the real estate market. And, from the outset, it proved to be a very attractive measure for foreign investors seeking a change of residence or a contingency plan in the event of a crisis in their country of origin.
What benefits does it offer investors?
The Golden Visa program offers several benefits for foreign investors:
Temporary residence permit: The main benefit of the Golden Visa program is that it allows foreign investors to obtain a temporary residence permit in Spain for two years, which can be renewed for additional two-year periods.
Free movement within the European Union: Once they have obtained a temporary residence permit, foreign investors can travel freely throughout the European Union.
Access to public services: Like any other person legally residing in Spain, foreign investors participating in the Golden Visa program have access to public services such as education.
Opportunity to obtain permanent residency: Foreign investors who obtain the visa can apply for permanent residency after a certain period of time, provided they meet certain requirements.
What requirements must a foreigner meet to be eligible for the Golden Visa?
To obtain a Golden Visa in Spain, foreign investors must follow these steps:
It is important to note that the Golden Visa application process may vary depending on the specific regulations and requirements of the Spanish Ministry of the Interior. Therefore, it is advisable to be well informed before starting the application process.
Why the creation of the program has been a success in Spain
Since its implementation, the Golden Visa program has been very popular among foreign investors. According to data from the Ministry of Foreign Affairs and Cooperation, more than 7,000 temporary residence permits have been granted through the Golden Visa program since its creation. Most investors come from China, Russia, and Brazil, but there are also a large number of investors from countries such as Venezuela, Colombia, and Saudi Arabia.
This excellent reception has also had a significant impact on the Spanish real estate market, as it has helped stimulate demand for luxury properties and contributed to an increase in housing prices in some areas. In addition, the increase in foreign investment in Spain has also contributed to job creation and economic growth. This was very beneficial for the Spanish real estate market, especially at the beginning of the program, as the implementation of this measure helped to revive it after the economic crisis.
Perhaps that explains why 91% of real estate investment in Spain in the first quarter of 2022 was made with international capital, according to data from the consulting firm Cushman & Wakefield.
San Sebastián, the ideal place to invest in real estate
By city, Madrid and Barcelona, as capitals, have managed to attract the bulk of these investments. Alongside them, San Sebastián has also positioned itself as an excellent place to invest in real estate due to its economic stability and tourist appeal. In fact, one of the main groups of buyers interested in San Sebastián is foreigners with high purchasing power, whose main concerns when buying are the excellent location and the views of La Concha Bay. Most of them are attracted by the quality of life in what they consider to be a small city, its gastronomy, and its great beauty.
Our team's goal is to acquire real estate, renovate it, and sell it, thereby generating attractive short-term returns. We add value to real estate properties in the exclusive neighborhoods of San Sebastián.
Tax advisor and real estate investment consultant. He has driven and led Reditas since its inception: identifying opportunities, structuring transactions, and maintaining direct relationships with investors and partners. With in-depth knowledge of the San Sebastián market, he is involved in every project, ensuring sound judgment, oversight, and execution.
Bachelor of Business Administration from the University of the Basque Country.
Responsible for the execution of real estate projects. He has a proven track record in construction and renovation, ensuring that deadlines, budgets, and quality standards are met on every project.
He holds a degree in Industrial Engineering from the Polytechnic University of Catalonia and an MBA from ESADE.
Working closely with senior management, he oversees the proper functioning of the management company across various areas, including communications, finance, sales, and others. He maintains direct contact with investors, financial institutions, the various construction companies with which we collaborate on construction projects, and the real estate firms that market our assets. Drawing on his legal expertise, he advises on and participates in the preparation and review of the company’s legal documentation.
Bachelor of Laws from Pompeu Fabra University.
With over 20 years of experience, he specializes in designing investment solutions for high-net-worth clients. At Reditas, he builds relationships with investors based on trust, transparency, and a long-term vision.
He holds a degree in Telecommunications Engineering from the UOC and is a certified financial advisor and wealth manager from the FEF School, Spanish Institute of Analysts.
Responsible for on-site technical execution, he coordinates teams and oversees every phase of the project to ensure quality, efficiency, and control throughout the renovation process.
He holds a degree in Public Works and Civil Engineering from the Polytechnic University of Catalonia.
She combines a keen eye for design with a practical and strategic approach. She plays anactive role in defining and developing projects, optimizing each space to maximize its value and functionality.
She holds a degree in Architecture from the University of the Basque Country.
She brings a strategic perspective to design, grounded in consumer behavior. Her work goes beyond aesthetics, focusing each space on making an impact and facilitating the purchasing decision.
, Certified Marketing and Advertising Specialist from CEBANC.
Responsible for developing Reditas's narrative. She works on creating content that clearly and accessibly conveys the value of each project, building trust with investors through transparency.
She holds a degree in Journalism from Ramón Llull University.
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