How to apply for a Spanish Golden Visa and travel freely in Europe
Sometimes people make important decisions under the influence of one fleeting event. For Mikhail S. from Yaroslavl, such an event was his arrival in Munich for Oktoberfest in September 2019.
On his way from Moscow, he met Yuri on the airplane. The travel companions agreed to meet at the famous beer festival.
At the airport in Munich, Mikhail habitually stood in line to go through border control. What was his surprise when he saw that his new acquaintance went to the aisle for EU citizens and passed the border guards without any delay!
Michael's words. I asked Yuri when we met for a beer: “How did you manage to pass the passport control so easily?” And he answered me: “There is no secret, I just have a golden Portuguese residence permit!”.
This is how Mikhail learned that a residence permit card of any EU country gives a Russian citizen the opportunity to pass pass passport control practically on the rights of an EU resident!
Mikhail's words. At that moment I made a decision: I will also make myself a Golden Visa to pass pass passport control at airports just as easily, on the rights of a European resident. Especially since I travel to Europe often. And on business, and I just like to travel, changing the situation for a while.
Thus, Mikhail's request for a Golden Visa was not “geographically specific”. We introduced him to the programs of Greece, Spain and Portugal.
And although Spain is the most expensive among them (minimum investment €500,000), the client chose this country. The financial issue did not bother him, but he liked Spain in general. He often vacationed there, had acquaintances and business partners. (Mikhail has a successful business in Yaroslavl - he is the owner of a large car dealership).
The lawyers developed a strategy with the client: Mikhail invests in a share in a Spanish hotel, receives income from the real estate. After 5 years, if he wishes, he sells the share, recovering his investment. At the same time he achieves his main goal - he is free to move freely around Europe whenever he wants and wherever he wants.
We will not describe the detailed stages of work. They can be found on the website.
Important moments
- We remotely opened an account for the client in Banco Mediolanum;
- Also remotely issued NIE;
- Offered the client a choice of shares in various hotels.
As a result, Michael chose two rooms in the apart-hotel Arenal Suites (Alicante, Valencia), with a guaranteed yield of 6.3%, total value - €560 thousand. The transaction was conducted remotely, using a trusted notary.
A call was made for the client, on the basis of which Mikhail flew to Spain, submitted biometrics and, accompanied by a lawyer, handed over the original documents to the ODE.
At the beginning of February 2020, the lawyer received the residence permit card by power of attorney and sent it by courier to Mikhail's place of residence.