Therefore, the experts here at Property Sotogrande have put togetherthis handy guide, detailing all the need-to-know information for retiring to a propertyin Sotogrande in the current climate.
COVID-19
The coronavirus pandemic has made the task oftravelling to another country a somewhat more complicated one than it wasbefore the crisis.
However, just to reassure you, it is stillpossible for pensioners from countries such as the UK to retire to Spain. Beforemaking any plans, you just need to check the travel restrictions of your homecountry, and the requirements for you to enter Spain, which may include avaccination passport, negative COVID test, and a valid visa.
Visarequirements
If you are considering or have already purchasedproperty in Sotogrande or elsewhere in Spain, and you are hoping to retirehere, there are a few different visas you might consider, based on whether yourhome country is part of the EU. As the UK has left the EU, British citizens arenow subject to the same rules as other non-EU countries.
EU citizens
If you are an EU citizen, you do not need anyvisa or residence permit to live, work, retire, or study in Spain, due to theEU’s free movement of labour agreement. You will only require a valid identitycard or passport to enter the country.
Long-Stayor Non-Lucrative Visa (Visado Nacionale)
For non-EU citizens, a long-stay visa, otherwiseknown as a non-lucrative visa, entitles you to live, work, retire, or study inSpain. It must be renewed annually, and you are required to spend at least sixmonths of the year in Spain.
ResidenceVisa (Visado Residencia)
A residence visa can be easier to obtain than theother visas, and so is a very popular choice for non-EU citizens who want toretire in Spain. This visa does not give you the right to work in the country.
GoldenVisa
A golden visa allows an investor from a non-EUcountry permanent residency in Spain, which might then lead towards gainingSpanish citizenship if they stay for six months a year for 10 years.
Visarequirements
To apply for a non-lucrative visa, applicantsmust be able to prove that they have an annual income of €27,115.20, or €33,894for a couple.
Golden visa applicants, meanwhile, must make a€1,000,000 capital transfer or business investment in Spain. If this isn’tfeasible, you could invest €500,000 in Spanish property instead, perhaps with aproperty in Sotogrande.
How do Iinvest in property in Sotogrande?
In order to buy a propertyin Sotogrande, however, you will need an NIE number, which serves as anidentification and tax number for foreign nationals residing in Spain. You canfind out more about NIE numbers and other requirements by reading another one of our helpful articles.
To find your dream Spanish home to retire to, orfor more advice on starting your retirement adventure,browse the latest listings at PropertySotogrande today and get in touch with an expert real estateagent.
