Larraín Nesbitt Lawyers is a Marbella-based independent law firm specialized in property conveyancing, taxation, litigation, probate and succession. Expert native English-speaking lawyers and economists blend legal and practical advice providing tailored assistance on your matter. Our range of services cover the greater Marbella area, Sotogrande and Costa del Sol.


The firm focuses advising foreign investors on acquiring residential property in Spain both from a legal and fiscal point of view. Our no-nonsense approach to business coupled with our commitment to clients ensures easy-going transactions. We pride ourselves in putting our clients’ interests at the forefront of everything we do.


Larraín Nesbitt Lawyers, your legal partner in Spain.

Last Article:

Golden Visa Spain

Raymundo Larraín Nesbitt, August, 8. 2018

Lawyer Raymond Nesbitt gives us an overview of the advantages offered by Spain’s Golden Visa application.

Larraín Nesbitt Lawyers has over 16 year’s conveyancing experience at your service. Our team of native English-speaking lawyers and economists have a long track record successfully assisting expats acquiring property all over Spain, including Madrid and Barcelona.

Article copyrighted © 2.013, 2.017, and 2.018. Plagiarism will be criminally prosecuted.

 

 

By Raymundo Larraín Nesbitt
Director of Larraín Nesbitt Lawyers
8-8-18

Introduction

The Spanish Golden Visa has become the gateway to Europe for thousands of applicants pursuing the European dream. They have collectively invested over 2 billion euros since its inception in 2013. Although Spain’s visa programme was a flop initially, as it fell well below expectations and was marred with teething issues, an ambitious overhaul in 2015 made it extremely competitive compared with similar schemes offered by fellow EU countries. So much so, that this massive tweak enabled Spain to overtake Portugal last year, becoming Europe´s leading Golden Visa supplier. This is unsurprising given how Spain overtook the US as the world’s second biggest tourist destination.

Although this procedure was originally tailored to cater to well-off Chinese and Russian nationals, British should seriously consider looking into it with renewed interest post-Brexit. The reason is because this scheme would allow British nationals - that lack a EU passport - to travel across Europe skipping pesky passport controls on an equal footing to EU nationals. Much like before the UK voted to break away from the Europe Union. Avoid lengthy queues at EU airports.

If you fancy an in-depth take into this subject, you can take a peek at our 2013 article: Investor Guide to Spain’s Golden Visa Law

Spain’s Golden Visa programme allows affluent non-EU applicants, and their dependants, unfettered access across Europe´s Schengen Area. Travel unmolested through all of Europe.

A Golden Visa enables you, and your family, to live and work in Spain (Europe). This visa guarantees Spanish residency, which eventually leads to Spanish citizenship (optional). Live the dream, apply now!

Apply for the keys to your Golden Visa through Larraín Nesbitt Lawyers: Golden Visa Service. Your family’s success is only one call away: (+34) 952 19 22 88

Thousands of non-EU nationals have already secured their families’ future and well-being on benefiting from this special arrangement that rolls out the red carpet cutting through all the red tape. Spain’s Golden Visa is a success story, be a part of it.

Why haven’t YOU invested in your family’s future?

Why choose Europe?

  • Democracy. Europe, cradle of Democracy, hosts some of the world’s oldest and most solid. A clear and stable legal framework allows freedom, nurtures ingenuity, and upholds (property) rights for businesspeople. This concocts the ideal breeding ground to foster business investments and develop an entrepreneurial skill set.
  • Education. Europe is home to some of the world’s most respected academic institutions. Secure a bright future for your children allowing them to earn their spurs in life through a meritocratic top-notch education.
  • Culture. Europe is a crucible of cultures, a conflux that laces Western and Eastern influences, offering a rich tapestry of history and arts that shaped the world as we know it. Spain’s vast cultural heritage, spanning millennia, is a legacy of commingled cultures that attracts over 82 million tourists every year leaving an indelible mark upon its visitors.
  • Languages. Seize the opportunity to master and command some of the world’s most influential languages: English (business & finance), French (arts & diplomacy), German (industry & science), Spanish (literature & poetry).
  • Healthcare. Europe, and Spain in particular, are at the forefront in modern medical facilities.
  • Modern transport. Spain offers top-tier transport services including state-of-the-art high-speed rails connecting you with Europe’s major capitals.

 

Golden Visa Advantages

  • Fast-tracked. This law is specifically devised to attract affluent non-EU investors and helps to cut through the admin red tape greatly streamlining the visa procedure.
  • Travel Europe visa-free. You can travel without a visa for 90 days out of every 180 days within the Schengen Area, but you will still need a visa to enter EU countries outside the Schengen Area (for example the United Kingdom).
  • Clear rules. Initially 1 year (Residency Visa), then 2 years (Residency Permit), renewable indefinitely every 2 years.
  • No need to become resident in Spain. You only have to visit Spain once to get or renew the Residency Permit. There is no minimum stay requirement, and you don’t have to become a fiscal resident or actually live in Spain.
  • Family included. You may get additional permits for your spouse and children under 18 years (or disabled children over 18). Same-sex partners inclusive. Dependent parents of applicant are now also included (extended family).
  • You may work in Spain.
  • Spanish nationality (optional). This is a 2-year Residency Permit, not the right to permanent residency or a Spanish passport. However, it can lead to long-term Spanish residency after 5 years of continuous residence, and citizenship after 10 years.
  • Underaged children may study in Europe. Underaged offspring can live and study in Europe, in company of your partner, whilst you work and earn money abroad.
  • Return on investment. Take advantage of Spain´s burgeoning real estate recovery. Year-to-date (first five months), the market has expanded by double-digits in almost every region compared to the same period last year. Property prices are rising sharply spearheaded by Madrid (+17% YOY), Barcelona (+11% YOY), Mallorca (+15% YOY) and selected coastal areas. Low prices and cheap mortgages will not last forever, dip in whilst you can.

 

General Requirements

 Applicants pursuing investor visas must comply with the following general requirements:

  • Non-EU national.
  • The investor applicant must be of legal age (18-years-old or over).
  • The investor must not hold a criminal record whether in Spain or in the previous five years where he has resided.
  • Not be already in Spain irregularly.
  • Have access to medical insurance whether private or public.
  • Have sufficient financial means to support both himself and his family whilst in Spain.
  • Pay the relevant application fee.

 

Specific Requirements

Qualified residency permits to non-EU residents will be offered in return for any of the following:

  • Invest at least €500,000 in Spanish real estate property.
  • Invest at least €2,000,000 in Spanish Treasury Bonds.
  • Invest at least €1,000,000 in shares of Spanish companies.
  • Deposit at least €1,000,000 in Spanish bank accounts.
  • A ‘major’ business investment which fulfils at least one of the following three conditions:

 

  1. Meaningful job creation as a direct result of the investment.
  2. Significant socioeconomic impact in the geographical location where the activity will be carried out.
  3. Technological or scientific impact.

 

Interested? Come and speak to Larraín Nesbitt Lawyers’ friendly staff who will be pleased to guide you through Spain’s Golden Visa programme. Your family’s success is only one call away: (+34) 952 19 22 88

 

"The predecessors plant trees [and] the next generation cools off in the shade."Ancient Chinese proverb.

 

Golden Visa Service *

We are specialized in conveyancing

*includes one family unit

 

Larraín Nesbitt Lawyers, small on fees, big on service.

Larraín Nesbitt Lawyers is a law firm specialized in conveyancing, inheritance, taxation and litigation. You can contact us by e-mail at info@larrainnesbitt.com, by completing our contact form or by telephone on (+34) 952 19 22 88.

Article originally published at Spanish Property Inisght: Golden Visa Spain

 

Legal services Larraín Nesbitt Lawyers can offer you

 

Golden Visa related articles

 

Please note the information provided in this article is of general interest only and is not to be construed or intended as substitute for professional legal advice. This article may be posted freely in websites or other social media so long as the author is duly credited. Plagiarizing, whether in whole or in part, this article without crediting the author may result in criminal prosecution. VOV.

2.013, 2.017 and 2.018 © Raymundo Larraín Nesbitt. All rights reserved.

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Last Blog Entry:

We don’t need a lawyer since the bank will be doing a check on the Title as they will do the mortgage

Raymundo Larraín Nesbitt, August, 10. 2018

 

Larraín Nesbitt Lawyers has over 16 year’s conveyancing experience at your service. Our team of native English-speaking lawyers and economists have a long track record successfully assisting expats acquiring property all over Spain, including Madrid and Barcelona.

Blog post copyrighted © 2018. Plagiarism will be criminally prosecuted.

By Raymundo Larraín Nesbitt
Director of Larraín Nesbitt Lawyers
10th of August 2018

 

If I were paid a pound every time I’ve heard this line from someone, I would be a multi-millionaire by now. Now that offplan property has kickstarted again, I am witnessing more and more repeat mistakes from last property’s boom that led whole families to lose their life’s savings.

Some buyers are duped into thinking that only because a lender is involved in their purchase, they are going to run a full due diligence on the Title to make sure it is clean and above board – crass mistake! This is one of the points I raised in my article: Buying Property in Spain – 10 Reasons to Hire a Lawyer.

This serious error of judgement, made by countless buyers who are purposely misled by parties not interested in there being a ‘pesky’ lawyer involved, may lead you to lose ALL your money/savings.

If this were true, we wouldn’t have dozens of thousands of offplan buyers from the previous property boom litigating at courts to claw back their life savings on buying off-plan property. Just read any expat newspaper to pick up on the glossy ads promising you to recover your offplan deposits. I can almost assure you that in 100% of these cases a bank was involved financing the conveyance.

If you think for one moment a Spanish bank (or a Notary Public) does the work of an independent lawyer, you need therapy. Banks are not going to check if there is a Building Licence issued, they are not going to bother to request Bank Guarantees securing all your stage payments (including the initial holding deposit), they are not going to ask for a Licence of First Occupation, they won’t do a snagging list, they are not going to disclose problems affecting the land, in some cases they don’t even check if the land is owned by the developer, they won’t bother to check if the house you are buying is the one you actually signed up for, they won’t check if the size of the property or its characteristics and materials are the actual ones you paid for etc.

Banks and Notaries each have their own role, and that does not include acting as your own personal attorney safeguarding your legal interests – that is not their role. Don't delude yourself into thinking these professionals replace a lawyer's job, because they don't.

If you think lawyers are expensive, just wait until you start dealing with lenders unrepresented – good luck with that.

Bottom line, if you are buying property in Spain, whether offplan or resale, you should retain the services of a competent law firm to help you safely wade through the minefield. My advice is that you must hire a lawyer on buying property, regardless if it is Larraín Nesbitt Lawyers, or any other lawyer of your choosing. You will thank me later.

 

We offer the most competitive fees in the market.

Conveyancing – Buying from €995

We are specialized in conveyancing

 

Larraín Nesbitt Lawyers, small on fees, big on service.

Larraín Nesbitt Lawyers is a law firm specialized in conveyancing, inheritance, taxation and litigation. You can contact us by e-mail at info@larrainnesbitt.com, by telephone on (+34) 952 19 22 88 or by completing our contact form.

 

Legal services Larraín Nesbitt Lawyers can offer you

 

Buying property related articles

Buying Resale Property in Spain – 21st February 2013
Buying Off-Plan Property in Spain – 8th of June 2013
How to Buy Property in Spain Safely – 10th October 2014
House Hunting in Spain – Interview with The New York Times. June 2015
Resurgent Spain: Málaga Sees Strong Sales – Interview with Mansion Global (The Wall Street Journal). December 2015
Buying Property in Spain from a Private Seller (Resale Property) – 21st of February 2017
Buying Property in Spain from a developer (Off-Plan Property) – 8th March 2017
How to inspect an off-plan property overseas – Q&A with The Sunday Times. July 2017
Buying Property in Spain – 10 Reasons to Hire a Lawyer – 8th November 2016
8 Tips on Buying Off-Plan in Spain – 8th June 2018

 

Please note the information provided in this blog post is of general interest only and is not to be construed or intended as substitute for professional legal advice. This article may be posted freely in websites or other social media so long as the author is duly credited. Plagiarizing, whether in whole or in part, this article without crediting the author may result in criminal prosecution. VOV.

2.018 © Raymundo Larraín Nesbitt. All rights reserved.

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Last Press Entry:

Seven Advantages of Making a Spanish will

Costa del Home Magazine, July, 21. 2018

Costa del Home Magazine is the single largest property advertising publication on the Costa del Sol packed with properties for sale and rent, real estate news, features and analysis. CHM kindly published our article on the seven advantages of making a Spanish will in its June 2018 issue.

Full article can be found on page 63. Link to our article: Seven Advantages of Making a Spanish will

Original article can be found published in our website: Seven Advantages of Making a Spanish will

Larraín Nesbitt Lawyers will’s service: Will writing service

 

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