If you remain in Spain for less than 183 days, you will be considered as a NON-TAX RESIDENT in Spain and you will retain the status of tax residence in your country of origin. As a non-tax resident when owning a property in Spain, you will be required to present the Non-Resident Tax (IRNR) annually.
Can I apply for the Golden visa through a legal entity?
You can, as long as the company has invested in real estate worth more than €500,000 and is domiciled in a country without tax haven status. Furthermore, the applicant must have most of its voting rights and the power to appoint and remove most of its management body members. The Large Companies Unit in Spain must also certify this.
Is it possible to acquire several properties to meet the investment requirement of €500,000?
Yes, as long as the investments are not encumbered, we can add them. For example, I might have bought a house worth €300,000 and a shop worth €200,000, the sum of both for €500,000 counts towards meeting the minimum investment requirement if they are free of charge.
Regarding the real estate acquisition date, what term do we have to apply for the Golden Visa?
As far as this aspect is concerned, there is no defined term, only that you must have made the investments after the entry into force of Law 14/2013, which regulates this type of residence. In other words, from the 28th of September, all the investments made in real estate will be considered.
Should the investment be made exclusively with your funds? Or can I get a mortgage to buy it?
According to the Law, for this type of residence permit, you must invest at least €500,000 free of costs and obligations. For example, if you purchase a property worth €700,000, you must pay a minimum of €500,000, with the rest financed by a mortgage.