In the Official Spanish Gazette (B.O.E.) on 28th September 2013, it has published the Law 14/2013 regarding the support of entrepreneurs and internationalization. Among its most prominent initiatives, we can highlight the measures that give those who invest in real estate property situated in Spain an opportunity to get a residence or long-term stay visa. Grupo Mahersol analyzes the advantages and conditions to benefit from these initiatives when buying a property in Spain. We also offer some abstracts from the law related to this measure. - What can we get? A residence or long-term stay visa. - Who can benefit from this measure? Those who invest in real estate properties in Spain. - What is the minimum amount to invest? 500.000 ? per each applicant. - How can we prove the purchase of a real estate property? Presenting the ownership certificates issued by the Property Registry which will be available through Internet after the purchase of the house. - How long will I be able to stay in Spain? As an investor, the residency visa will let you stay in Spain during at least 1 year. However, those who want to extend this period will be able to apply for a residence permit that will be valid on the whole Spanish territory and can be further extended. Initially the permission will be given for 2 years. Those who are interested in its extension will be able to renew the permission in 2 years. - What are the requirements for the visa extension? o The real estate property is to be acquired within 90 days before presenting the visa application. o To have come to Spain at least once during the first year of the residency visa. o At the moment of the renovation the residency visa must be valid or within 90 days since its expiration date. If you want to profit from this government initiative and get more information applying it to your particular case and at the same time to see some more options for investment (houses, villas, chalets, duplex, bungalows, apartments and/or commercial premises) situated in Spain, please contact us.

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