Spain is one of the safest countries in the world and the Canary Islands has some of the best climate conditions in Europe and the world. For this reason, along with the excellent quality of life, there are many foreigners who want to acquire a home in the Canary Islands.

Many Germans, Norwegians and Danes arrive at La Boutique · Canary Real Estate office looking to buy a home in Las Palmas. But in the case of non-EU citizens, buying a home is more complex.

The Golden Visa was created from Europe to attract foreign investors. Thanks to the Golden Visa, the residence permit is provided to those who make a real estate investment of at least 500,000 euros.

This € 500,000 investment can be made in a single property as in several. As long as the sum of all the properties reaches 500,000 euros, it will be possible to apply for a visa.

How valid is the golden visa?

At the time of the concession the golden visa has a duration of 2 years. Residence in Spain is not mandatory but, for the Golden Visa to remain valid, you must travel at least once a year to Spanish territory.

What requirements are necessary to obtain the Golden Visa?

Being of legal age is an indispensable requirement as well as not being in an irregular situation in Spanish territory. Some voices have been against this visa because they object that it may be money laundering but among the requirements is not having a criminal record for crimes contemplated in Spanish law.

It is not enough with the investment, it is also necessary to have enough purchasing power to support himself and his family, if any.

The investment of € 500,000 in real estate cannot be financed by mortgage, it must be free of charges.

What are the advantages of the golden visa?

It facilitates the work permit, both for the investor and for his spouse. It is valid for both self-employed and for employees.

Access to the Schengen area. This is very attractive since they can move without a passport limitation through the 26 countries that make up the Schengen area.

Where can you apply for the golden via?

From La Boutique · Canary Real Estate we can accompany you throughout the process, providing you with the necessary documentation, helping you in the procedures and, of course, finding the best real estate investment for you.

It is necessary that you go to the Spanish consulate of the country in which you are. There they will give you an authorization thanks to which you can apply for a residence permit in Spain in a period not exceeding one month.

Since 2008 100,000 new residents have arrived in Europe bringing an investment of around 25,000 million euros, according to a report from Global Withness and Transparency International.

Are you going to miss the opportunity to get a residence permit in Spain?