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About Golden Visa Law in Fuengirola, Spain

The Golden Visa program in Spain is a special residency scheme that allows non-European Union citizens to obtain legal residence by making a significant investment in Spanish assets. Fuengirola, a popular coastal city on the Costa del Sol, is an attractive location for Golden Visa applicants because of its excellent climate, lifestyle, and property market. Most applicants invest in real estate, but alternative investment options are also available. The Golden Visa offers a path to live, work, and study in Spain, with the option for family reunification and eventual permanent residency or citizenship.

Why You May Need a Lawyer

Obtaining a Golden Visa in Fuengirola involves complex legal and bureaucratic processes. Many applicants seek legal assistance for the following reasons:

  • Understanding eligibility requirements and the latest regulations
  • Reviewing and conducting due diligence for property purchases or investments
  • Assisting with the necessary documentation and application forms
  • Ensuring all criteria are met to prevent application rejections
  • Handling family member applications and dependents
  • Communicating with local authorities and public registries
  • Navigating tax implications and property laws in Spain
  • Managing language barriers, especially with official documents
  • Appealing denied applications or dealing with compliance issues
  • Facilitating renewals and advising on transition to permanent residency or citizenship

Local Laws Overview

The Golden Visa program in Spain is based on national law but implemented locally. In Fuengirola and the broader Andalusia region, the key legal points for Golden Visa applicants include:

  • You must invest at least 500,000 euros in Spanish real estate, free of liens or mortgages. Multiple properties can be combined to meet this threshold.
  • Other investment routes include significant investments in business projects, Spanish government debt, or shares in Spanish companies.
  • Applicants must have no criminal record in Spain or the countries where they have resided during the last 5 years.
  • Proof of financial means and private health insurance are required for all applicants and their families.
  • The initial residence permit is valid for 2 years and can be renewed for 5-year periods, provided investment and conditions are maintained.
  • You do not need to live in Spain permanently, but must visit the country at least once per year to maintain the residency status.
  • Close family members can apply as dependents and receive the same status as the main investor.
  • Purchases must be properly registered in the Land Registry in Fuengirola, which may require the assistance of local legal professionals.

Frequently Asked Questions

What is the Spanish Golden Visa?

The Spanish Golden Visa is a residency permit for non-EU nationals who make qualifying investments in Spain, most commonly through real estate purchases.

Is Fuengirola a good place to apply for a Golden Visa?

Yes, Fuengirola is a popular destination due to its robust property market, quality of life, and established services supporting international investors and residents.

How much do I need to invest to qualify for the Golden Visa?

The minimum real estate investment required is 500,000 euros, excluding taxes and fees, and must be free of encumbrances.

What documents do I need for the application?

Required documents include a valid passport, investment proof (such as property deed), proof of funds and health insurance, a criminal background check, and recent photographs.

How long does it take to get the Golden Visa?

After submitting a complete application, approvals commonly take a few weeks to several months, depending on the complexity and current processing times.

Can my spouse and children get the visa too?

Yes, spouses and dependent children under 18 or of any age with disabilities can apply as part of the main applicant’s application.

Do I have to live in Spain full-time to keep the visa?

No, there is no minimum stay requirement. However, you must visit Spain at least once per year to maintain the permit.

What are the tax implications of having a Golden Visa?

Golden Visa holders are only considered tax residents if they spend more than 183 days per year in Spain. Otherwise, they are not subject to Spanish worldwide income tax.

Can I work or start a business with the Golden Visa?

Yes, Golden Visa holders can live, work, or run a business in Spain, and your family members can also work and study.

What happens if I sell my investment property?

If your investment falls below the threshold, you risk losing your Golden Visa status when it is next due for renewal. Maintaining the minimum investment is essential.

Additional Resources

If you seek further information or support regarding Golden Visa matters in Fuengirola, the following resources may be helpful:

  • Spanish Consulate or Embassy in your home country
  • Oficina de Extranjería in Málaga (Immigration Office handling residency permits)
  • Fuengirola Ayuntamiento (Town Hall) for local registrations and bureaucracy
  • Spanish Ministry of Foreign Affairs and Cooperation for up-to-date legal requirements
  • Reputable local legal firms specializing in real estate and immigration law
  • Property registrars and notaries in Fuengirola for official transactions
  • Professional associations such as the Bar Association of Málaga

Next Steps

If you are considering applying for a Golden Visa in Fuengirola, your next steps should be:

  • Research the eligibility requirements and prepare your documentation
  • Identify a qualified, local lawyer specializing in Golden Visa and property law in Fuengirola
  • Consult with the lawyer about your investment options and any legal implications
  • Conduct due diligence on any property or investment you are considering
  • Proceed with your investment and submit your Golden Visa application with the assistance of your lawyer
  • Follow up on your application status and prepare for your move or investments in Spain

Expert legal guidance will help ensure you comply with all regulations, avoid costly mistakes, and maximize the benefits of Spain’s Golden Visa program as you start your new life in Fuengirola.

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Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.