Thousands of wealthy Britons have been using the "Golden Visa" in an effort to by-pass the 90 day rule which means that non-resident Britons in Spain can only spend 180 days a year in the country in two batches of 90 days. Also, it reduces the amount of paperwork which is needed to become a Spanish resident.
Britons cash in on the outgoing Golden Visa in Spain to beat the 90 day rule
Spain looks to scrap it
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Richard PearsonPlease correct me if I’m wrong but the non lucrative visa is for those who wish to live in Spain and pay their taxes (eg on pensions, investments etc) in Spain. This is a world away from the golden visa which essentially allows non EU citizens to visit (and spend money) for more than the 90 days but still pay taxes (apart from the non resident tax) in their home country.
Charlie CoolNothing to do with socialism - if anything this is capitalism.
Golden Visas. Legalised back-handers. Socialism in action.
CompoTake into account that the Non-Lucrative Visa and Digital Nomad Visa are also excellent alternatives. These visas allow interested parties to move to Spain and keep their plans intact.
CompoI asked myself the same question. One would assume that old beneficiaries of this scheme will be able to continue renewing it, but, as a friend of mine who has lived in Spain for many years said: never assume anything. So your guess is as good as mine.
Richard PearsonYes but with the scheme being stopped, will you be allowed to renew after two years or will the visa then be rescinded?
Google : The Golden Visa is initially granted, depending on the type, for two years. Once this period has expired, you can request the renewal of the residence permit for two years, provided that the conditions of the investment are maintained, and you can obtain permanent residence after five years.
The (apparently not even mentioned thus far by the Spanish Gov) big question is whether those visa holders will be able to renew after the scheme closes. Good one for the MB to investigate?