The Golden Visa is the only kind of authorization to live in Spain that allows the Golden Visa holder to avoid becoming a tax resident, since once granted it is not necessary to come here for certain periods nor to live in Spain. Therefore, holders of a Spanish Golden Visa can benefit from all the Golden Visa advantages (such as traveling freely in the Schengen area 90 out of 180 days) without the need to become a tax resident in our country.
But, what is the tax tresidence? The Spanish tax residence rule states that anyone staying more than 183 days per calendar year in Spain, or having the centre of his vital interest here, will be considered as a Tax Resident in our country; and will be taxed for his wordwide income and rents in Spain. This rule applies regardless of having or not a Residence Permit in place.
But Golden Visa holders are not requested to live in Spain, and therefore they can enjoy and renew the Golden Visa as many times as wanted, as long as the investment in real estate asset/s is held. Therefore it is a great way to get the opportunity to travel freely in the Schengen area without the need to become a tax resident (if not staying here more than 183 days per calendar year).
Moreover, the property can be used without restriction and Golden Visa holders can get high returns from their investment if they rent the property when they are not here (if you want to know more about buy-to-let investments, please click here).
Please click here to know more about all the Golden Visa advantages.
We have a deep knowledge of the procedure and its requirements (you can learn more about it in our post “Golden Visa requirements“) and would be happy to help you with the Golden Visa application. For more information please contact us.
If you are looking for the best property meeting the Golden Visa requirements, please click here to know more about our listings. We do also offer a combined service including both the Purchase Process advice and the Golden Visa application and will be pleased to assist you along the whole procedure until the Golden Visa is successfully granted.