Tranio case: buying an apartment in Madrid and obtaining Spain Golden Visa

Today Spain is one of the most popular EU countries for obtaining a residency by investments. To participate in the Spain Golden Visa programme, an investor must invest more than 500 thousand euros in the state economy or residential property.

The Spain Golden Visa allows you to obtain a residence permit in a short time and also offers many possibilities in Spain: the right to stay in the EU for an investor and all members of his family, the possibility to open European accounts and to use financial instruments of EU banks, the right to establish a business in Spain, the opportunity to obtain permanent residence and citizenship by naturalisation.

At the same time, unlike other Spanish residency programmes, Golden Visa does not oblige investors to become a tax resident and permanently reside in Spain, there is no need to confirm knowledge of language and cultural integration in order to extend a residence permit.

Tranio Affiliate Programme

Investor Andrew considered property for investment in Spain in order to participate in the Spain Golden Visa programme. Tranio’s work with the investor was regulated by a partnership agreement with a migration company specialising in obtaining a residence permit. According to the agreement, Tranio’s team had to select a suitable property for the investor’s purposes.

Ekaterina Maslova, Tranio Manager, real estate and migration investment expert, worked with the client. Ekaterina has been helping Tranio clients to purchase houses and apartments in many countries of the world for more than 7 years.

For Andrew this was the first experience of buying property in the EU. At the first stage, the investor with help of Ekaterina remotely selected several apartment options from the provided list of properties in Madrid. Then he personally visited the capital of Spain to check out the apartments in real time. After Andrew purchased the property, the migration company was able to apply for the Golden Visa programme for him.

Apartment in the heart of Madrid

Andrew had visited Madrid many times before and purposefully considered this city as a place of a secondary residence. The capital of Spain attracted investors with its developed infrastructure, economic and cultural environment, dynamics of life, elegant architecture and a comfortable climate.

Among all the cities in Spain, the atmosphere of Madrid is the most conservative and the urban structure is clearly centralised with the historical centre at Plaza Mayor and Puerta del Sol and the political centre at the Royal Palace. Madrid does not have the spirit of a sea resort, it is much remote from the seashores of the Mediterranean Sea and is located in the centre of the country. However, this city is full of the spirit of Spain and has a significant cultural foundation. There are The Prado Museum, The Queen Sofía National Museum Art Centre and The Thyssen-Bornemisza National Museum, which are among the 100 most visited museums in the world. The bullfight takes place every Sunday from May to October at the Las Ventas Arena.

Among the advantages of living in Madrid are the following:

1. Madrid International Airport. It is the largest international hub connecting the countries of Europe and Latin America. The airport is the 4th largest in the EU.
2. Well-developed transport infrastructure. The Madrid metro is the 2nd largest in Europe (after London).
3. The business community of the city. The vast majority of the head offices of large Spanish companies are based in the capital of Spain. Madrid is the financial heart of the country.
4. A comfortable climate. The city has a dry Mediterranean climate with hot summers and mild winters, the temperature rarely drops below zero.
5. Proximity to nature. The city is surrounded by national parks and reserves with mountain landscapes and historical villages and fortresses.
6. The possibility of sea and mountain vacations. From the city, you can reach both the Mediterranean Sea and the Atlantic Ocean or the southern slopes of the Pyrenees in a few hours by car.

Andrew chose a renovated four-room apartment in a prestigious area in the heart of Madrid. The apartment has three bedrooms, a kitchen island in an adjacent space with a living room, wardrobes and kitchen set. The decoration is made of high-quality materials: oak wood floors, ceramic tiles in the bathroom. The apartment has air conditioning, soundproof windows, one parking place and a video surveillance system is equipped in the common areas. Panoramic windows overlook the streets of Madrid. A supermarket and a public transport stop are located next to the building.

The value of the apartment was 535 thousand euros, payment was made in euros in a one-time payment. This allowed immediately after signing the documents to apply for the Spain Golden Visa programme.

Obtaining the Spain Golden Visa by the investor and future plans after the purchase

After completing the transaction, the investor immediately applied for a Spanish residency and a month later Andrew received the Spain Golden Visa which let him officially stay in Spain as a resident. The investor’s plan is to make this apartment his secondary residence, to stay in Madrid during his travels in Europe.

If all conditions are maintained and the residence permit is extended, as well as cultural integration, after 10 years Andrew can apply for a Spanish citizenship under the naturalisation programme. By the 1st quarter of 2024, according to recent studies, the Spanish passport, along with the passports of Germany, France, Japan, Italy and Singapore, took the first place in the world ranking of passport strength, allowing you to visit 194 countries without a visa.

The Tranio team will help you to develop an optimal investment strategy and choose a property in Spain based on your requests.

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