Spain’s golden visa

[Seastoke]

It ends in April what does it mean to boaters.

 

[billskip]

No more having cake and eat it I suppose.

 

[wallacebob]

Spain is trying to stop crooks and gangsters, rest of us just carry on.

 

[kashurst]

Not a lot. To get one you had to invest in Spain over 500,000 euros. House or business or bonds or a mixture. Then you can reside there. However I think one of the conditions was you had to live there nearly all year. Which then presents other issues and then there is the wealth taxes which went up last year.

Portugal is possibly a better bet for now.

 

[Zing]

I don't think the Spanish offer is that great. Go to Greece, Cyprus, Malta or Italy for better residence options. 7% flat tax in southern Italy is quite good and vastly better than rip-off Britain. Also €200k for high earners max tax. Same in Switzerland and the IOM,(but no Schengen advantage there).

 

[billskip]

then there is the wealth taxes which went up last year.

Wealth tax has been abolished (I think)
It certainly doesn't exist in Andalusia, Madrid and Tenerife now .and inheritance tax (family) has gone down to 1% in Tenerife...( all .from what I understand..I could be wrong )

 

[Grubble]

It ends in April what does it mean to boaters.

Don't worry, you can still get a visa quite easily. If you want to work you have to be a doctor or some other shortage occupation. If you don't want to work you can get the Non Lucrative Visa as long as you have an income such as a pension of €36,000 per year for a couple, plus your own private health insurance. If you are a UK state pensioner the S1 form is all you need for the healthcare, but you still need a private income to reach that €36K threshold.

Beer is cheap, other taxes can be higher than the UK, but the roads don't have potholes and there are three different police forces you can call if you are being burgled, so it's not all bad.

 

[Hurricane]

Don't worry, you can still get a visa quite easily. If you want to work you have to be a doctor or some other shortage occupation. If you don't want to work you can get the Non Lucrative Visa as long as you have an income such as a pension of €36,000 per year for a couple, plus your own private health insurance. If you are a UK state pensioner the S1 form is all you need for the healthcare, but you still need a private income to reach that €36K threshold.

Beer is cheap, other taxes can be higher than the UK, but the roads don't have potholes and there are three different police forces you can call if you are being burgled, so it's not all bad.

I think you are talking about Residencia.
Yes - it is an option but the whole scheme seems to be about gradually becoming fully resident.
If it is the 90 in 180 day restriction, it is easy to make it work.
For example
1 - A week or two during Jan/Feb
2 - A couple of weeks doing maintenance in March and back to the UK by mid April
3 - 5 or 6 weeks in June/July
4 - And finish the season off with 5 or 6 weeks late Sept to end of October
That way you get all the nice periods (not so hot during the summer and miss most of the tourists)
Before Brexit I did stay longer but the above regime works and I spend less money in Spain.
Most importantly, I remain a tourist and keep my head down - using UK credit cards etc - and no NI number required.

 

[Grubble]

I think you are talking about Residencia.

Yes, the thread is about getting a visa which British passport holders need if they want to live in Spain. Obviously if you don't want to live in Spain you can come and go like any other non-EU tourist, carefully keeping track of the number of days in/out to avoid overstaying.

Seastoke was obviously thinking of dropping 500K on a small apartment somewhere in Spain to get a visa so he can come and go as he pleases.

 

[billskip]

Seastoke was obviously thinking of dropping 500K on a small apartment somewhere in Spain to get a visa so he can come and go as he pleases.

I thought seastoke was wondering what the people that have invested will do when their golden visa expires.
If someone last year invested to get golden visa, if it's not going to be renewed
what they going to do about their investment?

 

[Hurricane]

Seastoke was obviously thinking of dropping 500K on a small apartment somewhere in Spain to get a visa so he can come and go as he pleases.

As I understand it, you can become Spanish Resident without investing in a Golden Visa.
But all this visa stuff is all about becoming a genuine resident.

 

[Seastoke]

We had a small villa in Spain , but Spain had to let one million Romanian gypo’s in and they robed etc , us included so sold up . One of the reasons I voted Spexit I the a B one.

 

[Grubble]

As I understand it, you can become Spanish Resident without investing in a Golden Visa.
But all this visa stuff is all about becoming a genuine resident.

As l posted above there are various visas you can get if you want to live in Spain. You are either resident or you aren't - these days without a visa you can't be a resident. Yes, this thread is about visas (or "genuine resident" as you put it).

You don't need a visa to visit, but you are subject to the 90 day Schengen rules.

 

[Grubble]

If someone last year invested to get golden visa, if it's not going to be renewed
what they going to do about their investment?

As long as they still meet the original requirements they can renew their golden visa if they already have one. This only affects people like Seastoke who were thinking of getting one now (or would be if it wasn't for all the gypo's).

 

[Hurricane]

As l posted above there are various visas you can get if you want to live in Spain. You are either resident or you aren't - these days without a visa you can't be a resident. Yes, this thread is about visas (or "genuine resident" as you put it).

You don't need a visa to visit, but you are subject to the 90 day Schengen rules.

I was referring to the non-lucrative residency visa which allows you to spend more than 90 days in Spain.
But if you look closely at that (non-lucrative residency visa) you will see that it has special conditions for the first and subsequent 2 years.
All this leads to becoming full Spanish Residency.
Some people in our marina are using this non-lucrative residency visa as a means of staying more than 90 days.
But there are limitations using this approach - for example, they need a Spanish Driving Licence.
But the big one for me is that the non-lucrative residency visa leads, eventually, to residency.
AFAIK the same is for the Golden Visa - also leads to residency.

 

[Grubble]

I was referring to the non-lucrative residency visa which allows you to spend more than 90 days in Spain.
But if you look closely at that (non-lucrative residency visa) you will see that it has special conditions for the first and subsequent 2 years.
All this leads to becoming full Spanish Residency.
Some people in our marina are using this non-lucrative residency visa as a means of staying more than 90 days.
But there are limitations using this approach - for example, they need a Spanish Driving Licence.
But the big one for me is that the non-lucrative residency visa leads, eventually, to residency.
AFAIK the same is for the Golden Visa - also leads to residency.

Ok, I see what you mean now - you are talking about tax residency - that is a more complex subject and doesn't necessarily just depend on the time you spend in the country.

But yes, in general, if you want the right to stay as long as you want in Spain you will end up tax resident. That's a given though really if you want to spend more than the 180 days a year that Schengen allows. No doubt there are loopholes that the seriously wealthy can exploit.

It was a lot simpler before the B word happened.

 

[Seastoke]

Ye we was taxed with a nia number.

 

[Grubble]

Ye we was taxed with a nia number.

Tax is unfortunately inevitable if you live in Spain, unless you are David Beckham.

There is another option that might be possible for British boaters these days - the Patera Visa. The financial requirements are less stringent, but the application process is more arduous. As I understand it from Elon Musk, British people are now eligible for this visa.

 

[Hurricane]

Tax is unfortunately inevitable if you live in Spain, unless you are David Beckham.

There is another option that might be possible for British boaters these days - the Patera Visa. The financial requirements are less stringent, but the application process is more arduous. As I understand it from Elon Musk, British people are now eligible for this visa.

What is a Patera Visa?

 

[Seastoke]

Ye he got involved in my school days , on my report it said ,Musk do better.