With the on-going challenge to find a resolution for Brexit, many people are wondering if it is right to continue to make their move to a life in the sun in Spain. Some articles in the press and news are making some people anxious about their purchasing a property in Spain. However, did you know that UK buyers actually increased by 16% in 2018, so what do they know that you don’t right now? Read on to find out more.
So here it is – people have done their research and they know how to move to Spain, Brexit deal or no deal, and they’re started to think ahead – they’re ‘Brexit-proofing’ their plan to make the move to live in sunny climbs. We have more information below to explain how you can buy property in Spain, whatever happens with Brexit:
Brexit Deal Agreed – Buying a home in Spain
If a variation on Theresa May’s withdrawal agreement is approved, then there is a strong possibility that with will be phased over a two year period until 31 December 2020. During this time you will be able to move freely in Europe without the requirement for a visa, essentially just the same as you do now. Also, if you have purchased a property before the final date, you will have your rights guaranteed for five more years. Following on from that, you can then apply for permanent residency in Spain.
No Deal Brexit – Buying a home in Spain
If it does come to a no deal situation, you can still buy your dream home here in Spain. There is no requirement for any extra documents to buy a property here as a non-EU citizen. The main thing that you will need to do is to apply for the correct visa once you’ve bought a property. Once you have appointed a lawyer, this is a smooth and efficient process. We at Universal Real Estate can handle this for you on your behalf.
Below are the main options to be considered:
You own a holiday home
If you have purchased a holiday home in Spain, all that you will need to do is simply apply for a regular tourist visa each time you come out for a visit. The temporary visa will then let you stay for around three months at a time – plenty of time of enjoy the sun, sea and cuisine!
You are retiring to Spain
So, if you are retiring to Spain, you will need to get a Temporary Residency (Non-Lucrative) Visa, which will allow you to stay in Spain for a Year. After that first Year you can then renew for two-Year blocks at a time. After five Years, you can apply for permanent residency. You will need to demonstrate that you have €8,000 per person to support your family, full private medical cover for one year and a medical certificate showing you don’t have any serious diseases – particularly showing that you have no illness that would threaten public health.
You are coming to work in Spain
As above, if you are wanting to come and work in Spain you will need to apply for Temporary Residence (Lucrative) Visa, which will allow you to work either employed or self-employed here. If you going to be employed, you must obtain a signed contract from your employer. To be self-employed, you’ll need to comply with business licence rules. The government would likely base this on the minimum wage, which is set at approximatetly, €600-800 a month. Normally, this type of visa is for a period of one Year, renewable after that. After five Years working in Spain you can then apply for permanent residency.
Alternatively, you could apply for an EU blue card. This is issued to people with a job offer and, in Spain, a minimum salary of around €33,900. In Spain, it’s valid for one Year and can be renewed indefinitely.
You are going to investing in Spain
Did you know that Spain has an investment visa? Also referred to as the Golden Visa, available if purchasing a property worth €500,000 per applicant or if you are in a postion to deposit €1 million of bank shares in a Spanish bank account. For this, you get family residency, renewable every two years. After five years, you can apply for permanent residency.
For all non-tourist visas it is important to note that you make any requests in person at the embassy/consulate (and have all documents translated into Spanish by a sworn translator). Your lawyer will advise you what is required guide for you to do this satisfactorily.
Upon your arrival in Spain, unless you have a tourist visa, please ensure that you register as a temporary resident in person as the Foreigners’ Office/Oficina de Extranjeros or a National Police Station with a Foreigners’ Department.
Once you have been in Spain for five Years, you can now apply for permanent residency. You will need to be able to provide proof of your time in Spain (normally registering as a temporary resident), evidence of your income and a medical certificate. The good news is, under Spanish law, you will be entitled to family status, so close relatives can come out to join you too. With your residency all complete, you are entitled to live in sunny Spain forever – despite no Brexit.
So now you know the facts, why not get going with your ‘Brexit-proofing’ actions:
Contact a reliable lawyer for proper advise about the best visa for you and how you can apply for this
Start to get official translations of your documents showing the Apostille of the Hague (an official stamp) if needed
Register with a good currency company to discuss how best to transfer your funds to Spain
Once you arrive in Spain, please make sure that you register as a temporary resident with your local Town Hall
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