Best Residence by Investment Lawyers in Marbella

About Residence by Investment Law in Marbella, Spain

Residence by Investment programs, also known as "Golden Visa" programs, offer non-EU nationals the opportunity to obtain residency in Spain by making a significant investment in the country. Marbella, known for its luxurious lifestyle and scenic beauty, is a popular destination for these investors. In Spain, the most common route is through purchasing real estate with a minimum value of €500,000. The program is designed to attract foreign capital and boost the economy by offering easy access to residency in one of the EU's most dynamic countries.

Why You May Need a Lawyer

Investing in a foreign country involves navigating complex legal processes and understanding the nuances of local regulations. A lawyer can provide invaluable assistance with:

• Understanding and complying with Spanish investment and residency laws.
• Handling the purchase of real estate and ensuring it meets the investment criteria.
• Dealing with taxation matters related to real estate and investments.
• Ensuring compliance with ongoing residency requirements to maintain legal status.
• Representing you in any legal disputes that may arise.

Local Laws Overview

The key aspects of local laws relevant to Residence by Investment in Marbella include:

• The minimum property investment amount of €500,000, which must be free of charges and encumbrances.
• Residency permits initially valid for two years, renewable thereafter.
• No requirement to live in Spain continuously to maintain residency.
• The ability to work and live anywhere in Spain.
• Access to the Schengen Area for short stays.
• Application processes that require proof of clear criminal records, sufficient income, and health insurance.

Frequently Asked Questions

What is the minimum investment required for residency in Marbella?

The minimum real estate investment required is €500,000.

Can my family members also obtain residency?

Yes, your spouse and children under 18 (or dependent children) can also apply for residency under your investment.

Is it mandatory to live in Spain to maintain residency?

No, continuous residency in Spain is not required to maintain your residency permit.

How long does the residence permit last?

The initial residence permit is valid for two years and can be renewed every five years thereafter.

Do I need to speak Spanish to obtain residency?

No, there is no language requirement for obtaining residence by investment in Spain.

How long does the application process take?

The application process typically takes between 2 to 3 months, but times may vary.

Are there any taxes applicable on property purchase?

Yes, there are taxes such as VAT, stamp duty, and notary fees involved in property transactions.

Can I work in Spain with the residence permit?

Yes, the residence permit allows you to work anywhere in Spain.

Do I need private health insurance in Spain?

Yes, having private health insurance is required as part of the residency application process.

What happens if I sell my property?

If selling your property reduces your investment below the required €500,000, your residency status may be affected unless you reinvest.

Additional Resources

Should you need further information, consider consulting these resources:

• The Spanish Ministry of the Interior for residency regulations.
• The General Council of Spanish Lawyers for legal representation.
• Local real estate agencies specializing in foreign investment.
• Expat communities and online forums for personal experiences and advice.

Next Steps

If you are considering residence by investment in Marbella and need legal assistance, the following steps are recommended:

1. Identify your investment goals and determine the amount you are willing to invest in real estate.
2. Consult with a specialized lawyer to understand the legal implications and processes involved.
3. Engage a reputable real estate agent knowledgeable in foreign investments.
4. Prepare the necessary documentation, including proof of funds, criminal records, and insurance policies.
5. Submit your application and work closely with your lawyer to address any requests or issues that arise.

These steps will help you navigate the process smoothly and ensure compliance with all legal requirements for obtaining residency by investment in Marbella, Spain.