Bromley Estates: Living in Spain is still the dream

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Living in the sun: the dream of many a Northern European tired of grey skies and long winter nights. A dream that Bromley Estates proudly help hundreds of people achieve every year, with a personalised and professional touch to help their clients find the best property on the Costa del Sol. Although the Covid-19 outbreak of 2020 and of course, Brexit may have slightly tainted that dream, there is good news!

Despite the changes in requirements for British citizens, moving or retiring to Spain is still an extremely attractive propositionWith its estimated 325 days of sun every year, mild winters, fabulous beaches, world class golf courses, renown gastronomy and varied lifestyle, the Costa del Sol maintains its place as the best place to live for many expats and retirees.

With Britain leaving the EU, the conditions to obtain residency have changed, but you shouldn’t let this put you off your plans to enjoy the relaxed life or fabulous retirement out in Spain that you have always craved and talked about. Indeed, Marbella and the surrounding areas have just as much to offer as they always have, with a vibrant community of many nationalities and leisure activities to suit all tastes and energy levels!

To discuss the options available on residency in Spain, Bromley Estates Marbella, have prepared this quick guide on the two main options for non-EU citizens to obtain a residence permit in Spain: the non-lucrative visa, and the Golden Visa.

How do I obtain a non-lucrative visa?

If your plans are to retire to Spain without undertaking any kind of professional activity or work, then this is a great option. Providing you can supply evidence that you have the means to live on, you can reside in Spain for a year initially, with the possibility of extending this stay by renewing the visa.

There are some easy to meet requirements for the non-lucrative visa, such as:

• A valid, unexpired passport (emitted less than 10 years previously) with at least 1 year of validity and 2 blank pages.
• Proof of financial means to support yourself. The minimum amount is a regular income of just over €2000 per year per applicant and an extra €500 per year for any spouse or dependents (approximately €29,000 per year).
• Private medical insurance, at least to the same coverage as the Spanish social security coverage, with no co-payment.
• Medical certificate
• Criminal record check certificate, issued by your country of residence for the last 5 years.

Furthermore, your spouse and children can also request residency with your permit. To find out more information on how to get your non-lucrative visa in Spain, the requirements, applications forms, certificates and the application process, you can visit the Spanish Government website on the link above.

What is the Golden Visa for investors?

If you are looking to invest in a property in Marbella or the surrounding Costa del Sol, the “Golden Visa” gives you the flexibility to obtain a residence permit for you and your family with the flexibility of not requiring you to live primarily in Spain.

This visa is designed for foreigners who are looking to make an investment in Spain. A bonus of the Golden Visa is that it can be valid for up to 3 years, with the possibility of renewal, and does not require a minimum length of stay in the country to be able to renew it.

To be eligible for this investor visa by buying property in Spain, real estate of a minimum value of €500,000 must be purchased (one or more properties) and the properties must not have any debt, mortgages or loans associated with them.

For a wide selection of luxury villas, apartments and new developments in Southern Spain, Bromley Estates Marbella have access to all of the best properties on the Costa del Sol Spain, with unparalleled customer service, vast experience and personnel who speak your language. They can also recommend lawyers who can help you through the visa application process.

Other requisites and requirements for the Golden, or Investor, Visa are similar to the conditions for the non-lucrative visa in Spain. These include adequate health insurance, proof of income and a criminal record check, among others.

If you would like to contact the head office of Bromley Estates Marbella call c +34 952 939 460, email info@bromleyestatesmarbella.com or fill in the contact request form on their website: https://bromleyestatesmarbella.com/contact-us/