Golden Visa Law (Law 14/2013) allows non-EU investors to apply for Spanish residency. Its people and culture, the joy of life, its unrivalled climate, prices bottoming out… all of them are some of the reasons why Spanish real estate has become an attractive choice for investment, whether for sand-sea lovers or a professional investors. If you are a non-EU citizen and you are considering investing in Spanish real estate, the following information is doubtlessly of your interest. This new law allows you to reside in Spain with no requirement for minimum stays. The only condition is that you had visited Spain at least once in the year to renew the Visa. Read on to learn more about the requirements and conditions of the so-called “Spanish Golden Visa”.
If you are planning to purchase a property in Spain you will need to obtain a NIE number to do all the paperwork or to make any transaction in Spain, e.g. opening a bank account, applying for funding, paying your taxes, etc. The so-called NIE is an acronym for Número de Identidad de Extranjero, i.e. Foreigner’s identification number, it will be your identification and tax number in Spain and is issued by the Foreign Service stations. Before going any further, we would like to point out the difference between the NIE, TIE and the authorization of residence: