2. On 27 September 2013, the Spanish Government approved the Entrepreneur Support Act,
opening doors to international entrepreneurs, and simplifying entry and stay procedures in
Spain for non‐Eu nationals.
This law grants residence permits to non‐European citizens who spend a minimum qualifying
amount of half a million euros in Spain, providing them a residence visa for the first year, plus a
further two‐year residence permit indefinitely renewable every two years. To qualify for these
permits it is necessary that the investment is maintained and that the investors travel to Spain at
least once within each period of validity of the residency permit. No minimum stay is stated in
the law. Therefore, one day will suffice.
Investors may formally apply for residency permits for themselves and for their immediate
family: spouse and descendents under 18 years old or over 18 if they are not capable of
providing for their own needs due to health problems.
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3. This Golden Visa allows investors to move freely within the Schengen Area, of which Spain is a
part and which comprises 26 countries: Austria, Belgium, Czech Republic, Denmark, Estonia,
Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania,
Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovenia, Slovakia, Spain, Sweden
and Switzerland.
The possibility of moving throughout the most part of Europe is of great interest to non‐Eu
nationals, as is the fact that investors benefitting from this law will enjoy Spanish residency with
unlimited travels and stays in Spain, while remaining tax residents in their country of origin.
Golden Visa applications are granted by the Directorate of Immigration, a division of the
Ministry of Labour and Social Security within 20 days of submission and applications not
responded to will be considered as accepted.
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4. The alternative types of minimum qualifying investments are:
Property Investments:
Acquisition of real estate – urban or rural properties ‐ with a minimum value of €500,000.
The investment can be comprised of:
One property in an amount equal or above to €500,000.
Several properties in an amount equal or above to €500,000
One ore more properties as co‐owner in an amount equal or above to €500,000
Capital Investments:
Investment of an amount equal or above to €2,000,000 in Spanish Public debt government
securities or investment of an amount equal or above to €1,000,000 in representative titles
of share capital of Spanish companies or transfer of funds equal or above to €1,000,000 into
deposits in Spanish financial entities.
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5. Business project of general interest:
Presentation of a business project to be developed in Spain, which is considered to be of
general interest (as so qualified by a favorable formal opnion issued by the territorially
competent “Financial and Commercial Bureau”), and which complies with at least one of
the following requirements:
Creation of jobs
Realization of an investment with relevant socioeconomic impact in the geographic
area where it will be made
Relevant contribution for scientific and/or technologic innovation.
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7. Acquisition of real estate may be done by a foreign based Company provided that it does not
have its registered office in a “tax haven”, as so qualified by the Spanish law and provided that
the investor holds the majority of the company’s share capital or is able to appoint and dismiss
the majority of its directors.
Properties should be acquired prior to initial permit request, free from any charges, liens or
mortgage, with the sole exception of the possibility of encumbering the property (v.g. mortgage)
in such a manner that the ninimum amount of €500,000 of the initial investment is not
encumbered.
A property can be sold during the residency period, but a new one has to be bought since
residency permits will be granted for as long as the investment threshold of €500,000 is
maintained.
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8. Valid Passport and travelling documents to prove presence in the Spanish territory.
Updated property documents and registration evidencing ownership of property and
absence of encumbrances and documents evidencing the payment of the price and
payment of applicable taxes.
Proof of means of income (for the investor and family members)
Valid health insurance for each person applying for the residency permit from a public or
private insurance Company authorized to operate in Spain.
Criminal record certificates both from the countries of residence (during the last 5 years)
and from Spain.
Absence of notice and/or alerts from countries with which Spain has treaties.
Payment of the applicable fees for the issuance of the residence permit.
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10. INVESTMENT INFORMATION
Selection of the best investments – real estate, capital shares in Spanish companies, bank
deposits, etc. according to our customer’s needs. We will arrange all banking transactions
such as opening current accounts, deposits, mortgages, etc.)
Full legal advice and support
Tax advisor
PAPERWORK
Application and submission of the initial residence visa.
Application and submission of the following residence permits.
Managing of all paperwork
Client accompaniment to the Spanish Authorities when it is necessary.
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11. REAL ESTATE ADVICE AND SUPPORT
We are independent. We look for the best properties and conditions for our clients,
negotiating the best prices in order to get the maximum return.
We work with top real estate agencies and real estate developers, as well as directly with
owners.
Selection of the best properties all over Spain
We will take our clients to visit the properties they select
We will help them to get the best mortgage conditions, over the €500,000 required.
We offer our expertise on managing properties: marketing and leasing, already leased
properties, drawing up of rental agreements, landlord/tenant relations, etc.
We will find and take care of any services our clients may need: removals, domestic help,
maintenance, electricity and gas suppliers, remodeling, design, etc.
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12. GEV is a recently founded Company focused on facilitating Golden Visas to non‐EU natinal
investors according to the Law 14/2013 of September 27. Our first and principal commitment is
to improve our client’s life, giving them a personalized treatment, and contributing to the
development of their businesses.
Our expertise of more than 20 years in the real estate and financial areas, as well as
international consulting, allows us to provide full advice on investments.
Our team of multilingual professionals will give advice to our clients in different languages such
as Spanish, English, Russian and French. For other languages, we will look for interpreters if
necessary.
Our headquarters are in Madrid, but we also have offices in Barcelona, Ibiza and Luxembourg.
Our shareholders are:
60% Management
40% Financial Investors
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13. Our partner, GABINETE CONSULTING EMPRESARIAL, will act as Fiscal Representative to our
clients, ensuring compliance with the tax legislation.
We collaborate with LENER, a law firm established in Madrid, Barcelona, Sevilla, Oviedo,
Valladolid, and Vigo, that will provide our clients with legal, tax and economic advice in matters
such as visa applications resident permits/visas and investments. Lener is also a member in the
International Association Law Firm of the Americas, which allows them to assist clients in
Europe and in both American continents.
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