The Golden Visa and investment in luxury real estate in Mallorca 

Everything you need to know about the Golden Visa for investment in the luxury real estate market in Mallorca

If you want to invest in Mallorca or buy a luxury property on this beautiful island, you should consider the Golden Visa. The Golden Visa is a residence permit that allows non-EU citizens to live and work in Spain, including on the island of Mallorca. To obtain the Golden Visa, investors must make a significant investment in high quality real estate in Mallorca.

In this comprehensive guide we will explain everything you need to know about the Golden Visa to Mallorca. You will learn who is eligible for the Golden Visa, what the requirements are and how you can obtain your own Golden Visa to Mallorca. We will also discuss the benefits of a Golden Visa and how you can use it to invest in luxury real estate in Mallorca.

In short, if you want to invest in Mallorca or buy a luxury property on this Mediterranean island, the Golden Visa could be the solution you are looking for. Read on to learn everything you need to know about the Golden Visa in Mallorca.

1. What is the Golden Visa and who can apply for it?
2. Requirements and application procedure for a Golden Visa in Spain to buy a luxury property in Mallorca.
3. What documents are required to apply for the Golden Visa?
4. Advantages of the Golden Visa when buying a luxury property in Mallorca

1. what is the Golden Visa and who can apply for it?

If you are a non-EU citizen and want to invest in Mallorca or buy a luxury property on the island, the Golden Visa could be the ideal solution for you. The Golden Visa is a residence permit that allows non-EU investors to live and work in Spain, including Mallorca. To obtain the Golden Visa, investors must make a significant investment in high quality real estate in Mallorca.

The requirements for obtaining the Golden Visa are relatively simple. As an investor, you must be of legal age and have no criminal record in Spain or in the countries where you have lived in the last five years. You must also make a minimum investment of 500,000 euros in a property in Mallorca.

Once you meet these requirements, you can apply for the Golden Visa for yourself and your immediate family, including your spouse and minor children. The Golden Visa has an initial term of two years and can be extended for five years at a time, provided the investment conditions are met.

In summary, the Golden Visa is an excellent way for non-EU investors who want to buy a luxury property in Mallorca to obtain a residence permit in Spain. Continue reading this comprehensive guide to find out how you can obtain your own Golden Visa to Mallorca.

2. requirements and application procedure for a Golden Visa in Spain to buy a luxury property in Mallorca.

If you are interested in buying a luxury property in Mallorca and obtaining a residence permit in Spain, the Golden Visa could be an excellent option for you. However, before you start the process, you should know the requirements and the steps needed to obtain the visa.

The value of the property must be at least 500,000 euros and must be paid in full before applying for the Golden Visa.

In addition, you must have a Spanish bank account and private health insurance and prove that you have sufficient financial means to support yourself and your family during your stay in Spain. You must also provide a police clearance certificate from your country of origin and a declaration that you are not banned from entering Spain or the EU.

Finally, it should be noted that the application procedures for the Golden Visa may vary depending on the country of origin. Therefore, it is advisable to seek advice from a lawyer specialized in this type of procedure and contact a luxury real estate agency in Mallorca that can guide you through the entire process.

3. what documents are required to apply for the Golden Visa?

If you want to apply for a Golden Visa for Spain, you should know that you will need a number of documents to complete the application.

The first document is a valid or updated passport. In addition, a passport photo is required.

Another important requirement is the conclusion of a private health insurance in Spain. This is the only way to ensure that you receive the necessary medical care during your stay in Spain.

Documents proving your professional or business activity are also required, as well as a financial and business plan. This will allow you to prove that you have the necessary means to support yourself in Spain and contribute to the country's economy.

An original criminal record extract is also required to prove that you have no criminal record in your home country.

For your family members who also wish to apply for a Golden Visa, certificates proving your connection to the investor are required, such as a birth or marriage certificate.

Make sure you have all the required documentation before you begin the application process to ensure a smooth and hassle-free process.

4. advantages of the Golden Visa when buying a luxury property in Mallorca.

Investing in a luxury property in Mallorca with a Golden Visa has numerous advantages. First, it gives you access to the luxury real estate market on one of the most exclusive and desirable islands in Europe. Mallorca is known for its beautiful beaches, rich history and culture, and excellent climate, as well as its ever-growing real estate market, which means that a luxury property in Mallorca can be a safe and profitable long-term investment.

In addition, the Golden Visa gives you the opportunity to live and work in Spain without any restrictions, meaning you can enjoy the Mediterranean lifestyle while continuing your business or career in your home country.

The Golden Visa also allows you to travel freely within the Schengen area for up to 90 days every 6 months.

You can also benefit from the tax advantages offered by the Spanish tax system, including a flat rate of 24 % on dividend income and an income tax exemption for non-resident investors in certain cases.

In short, obtaining a Golden Visa when buying a luxury property in Mallorca can provide a number of benefits for both your personal life and investment opportunities. If you are interested in obtaining a Golden Visa and buying a luxury property in Mallorca, please contact us for more information and expert advice.