DEALING WITH YOUR MORTGAGE IN SPAIN

If you need a mortgage to buy your home in Spain, please hire the service of a professional independient advisor.

Your spanish lawyer could help to get the best mortgage for you and make sure that all your rights are covered.

What should your lawyer do for you?

First, compare all the conditions of  the differents banks could offer for you.

The most important is not only  your monthly quote  if not the rate you are paying for  your mortgage.

It is not the same to pay Euribor plus 1% than Euribor plus 2 % you could pay double of the price of your house if you do not get a good advise before to sign your mortgage.


Your lawyer should advise on:
1.  The legal rate according to the market. The maximum and the minimun rate to pay.
2.  The Openning commissions
3.  The partial cancelation commissions
4.  The total cancelation commissions
5. Compulsory or not Home Insurance
6. Others products links to the mortgage like life insurance or medical insurance, bank deposits...

You should get all the conditions ready in your binding offer  before go to the Notary. You could read and revise all the clauses with enough time.

You choose the Notary and you choose the Gestoria, because you are the payer. The Banks provides you a service that you are paying for,  do claim all your rights.

For more information contact us at  info@virginiaramos.com

SPANISH GOLDEN VISA NEWS

  SPANISH GOLDEN VISA NEWS

www.virginiaramos.com

The most notable changes are:

  

1.   After the first 2 years of residence, you could apply for a  5 year residence  provided that the same investment requirements are maintained.

 

2. The application can also apply for residence for adult children provided they are not financially independent and do not have a new family. Even after 18 years old.. Also the ascendants if they are economically dependent of their sons  or whose  have illnesses that need care.

3. Furthermore not only applies to spouses but also  applies to "person with analogous relationship" so it also applies to unmarried couples who could   prove it..

4. If the person has  not completed the acquisition of property  but there is a preliminary contract with guarantee compliance by pledge or other lawful means formalized in a public deed must show compliance with the requirements of the law.  The contract together with the financial certificate  of the full amount of the purchase will  provide  the right to a visa for 6 months.

 

The amount of the deposit may only be used for the final purchase of the property or properties specified in the preliminary contract with warranty. In this case, the applicant will receive a residence permit for investors maximum duration of 6 months.

 

If the actual purchase of the property or properties is credited indicated, the applicant may apply for a residence permit for investors.

 

5. Advantage over others European countries, is no longer required for renewal have traveled to Spain at least once during authorized to reside "so that no obligation to visit Spain even one day to renew the residence period .

You could contact us for furher information on info@virginiaramos.com

NOVEDAD EN LA RESIDENCA DE INVERSORES O GOLDEN VISA DESDE EL 31 DE JULIO 2015

REFORMA A LA RESIDENCIA DE INVERSORES EN VIGOR DESDE EL 30 DE JULIO DE 2015

El pasado 30 de Julio de 2015, se publicó por fin la reforma a la Ley de Inversores que estábamos esperando desde hace tiempo.

Las novedades más destacadas son: 

1. A la renovación de la residencia  se concede residencia por 5 años( es decir después de los 2 primeros años) siempre que se mantengan los mismos requisitos de la inversión.    

2. En la solicitud se puede solicitar también residencia a los hijos mayores de edad siempre que no sean económicamente independiente y no tengan un nuevo núcleo familiar. También a los ascendientes si dependen económicamente de los hijos o  que  tengan alguna enfermedad que necesite de cuidados.

3.  Además ya no sólo se aplica a cónyuges sino que también recoge a “ persona con análoga relación de afectividad” por lo que también  se aplica  a parejas de hecho que lo acrediten.

4. Si el extranjero no ha formalizado la compra del inmueble o inmuebles pero   existe un precontrato con garantía en su cumplimiento por medio de arras u otro medio admitido en derecho formalizado en escritura pública, deberá presentar junto con el cumplimiento de los requisitos indicados en el artículo62.3, el precontrato con garantía junto con un certificado de una entidad financiera establecida en España en el que se constate que el solicitante dispone de un depósito bancario indisponible con la cantidad necesaria para la adquisición, cumpliendo el contrato comprometido, del inmueble o inmuebles indicados, incluyendo cargas e impuestos.

El importe del depósito sólo podrá ser utilizado para la compra final del inmueble o inmuebles indicados en el precontrato con garantía. En este supuesto, el interesado recibirá una autorización de residencia para inversores de duración máxima de 6 meses.

 

Si se acredita la compra efectiva del inmueble o inmuebles indicados, el  interesado podrá solicitar una autorización de residencia para inversores.

 

5.  Ventaja sobre otros países de Europa, es que  ya no exige para su renovación haber viajado a España al menos una vez durante el periodo autorizado para residir” de modo que no existirá obligación de visitar España ni un solo día para poder  renovar la residencia.

 

Cualquier duda consúltanos en info@virginiaramos.com

NEW RULES FOR GOLDEN VISA

Last Friday was aproved the new rules for the Golden Visa.


We are still the publication at the oficial spanish boletín BOE.

We have been informed that the new  Golden  visa will allow the application  of the residence for:

 The parents of the investor


The son/daughter out of age but  without incomes could apply for it as well


The investor could  get a residence permit  for 5 years



These are some of the new rules which will improve the actual Golden Visa.

We need to wait for the final aproval.

FIRST RESIDENCE PERMIT FOR CHINESE INVESTORS

This Law firm got the first Golden Visa  in Marbella.

They are Chinese  investors in Spain.

The  grantor consulate was Beijing. Our clients are already enjoying their residence in Marbella, Spain.

They are very happy with the service provided and the outcome achieved.


We have achieved good results applying  for others kinds of residence  for Chinese citizens in Spain.

If you are interested to know your options please contact us at info@virginiaramos.com . You will have a clear idea of all the options and steps to be taken.

NEWS ABOUT RESIDENCY VISAS FOR INVESTORS IN SPAIN

NEWS  ABOUT RESIDENCY VISAS FOR INVESTORS IN SPAIN

- To renovate a residency visa, it is no longer necessary to live in Spain for longer than six months per year. The residency visa is now more flexible and better adapted to the investors´ needs, who need to be in other countries.

- The requirements are specifically taxed; therefore, the Consulates´ possibilities to issue visas arbitrarily are reduced. The chances to be granted a visa are almost guaranteed, when the applications are followed faithfully as stated by law. This new change reduces considerably the uncertainty created by the old application system. It is a great advancement, as it gives a sense of security to the applicants.

-         The application processing period has been reduced considerably. In practice, the Consulates are following the legal dead lines, offering greater flexibility in the application processing.

-          It is no longer necessary to apply for the residency card; having the visa on the Passport is enough, as it states Spanish residency and identifies the NIE number perfectly.

-          Benefits the Spanish investors market by establishing a minimum investment of 500,000€ in Spanish properties and accrediting sufficient funds for the period of residency in Spain.

-          The interest to apply for this residency visas has increased, due to the elimination of bureaucratic paperwork that created obstacles to apply and to grant residency visas.

Since this new Law entered into force, At Virginia Ramos´ Law Firm, we have submitted and have been successfully been granted many investors residency visas. If you are interested in this application, please contact us as at info@virginiaramos.com

Statement of Assets and Rights Abroad

This statement model is required for residents in Spain or persons who are considered residents in Spain for tax purposes, such as members of diplomatic missions in Spanish, members of consular offices in Spain, holders of official positions or of employment for the Spanish State in international delegations and representations, Spanish official employees engaged in foreign office or official employment,  and most especially Foreign Residents in Spain.

These people will be required to file  when their bank balances or securities at 31 December exceed € 50,000 or when they have an average bank balance of the same amount at the last quarter of the year. The declarant shall be the holder or owner of one or all of the following product groups:

• - Bank Accounts abroad. 

• - Investments in foreign legal entities or foreign social capital. 

• - Equity on loan on foreign management. 

• - Life disability insurance hired to a foreign insurance. 

• - Real estate and property interests located abroad.

There are left outside these obligations articles and goods such as, vehicles, jewellery, art work, etc.

The deadline to submit the Statement of Assets and Rights Abroad began on the 1st of January and it will end on the 31st of March 2014. The form will only have to be resubmitted, if the existing balance, corresponding to each referential product group,   experience an increase superior to 20,000 € to the last declared value, for example, what was presented for the year 2012.