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9

July

What is a Golden Visa

Fred van Krimpen

WHAT IS A GOLDEN VISA?

A new type of visa and residence permit for investors. The essential purpose of this measure is to facilitate foreign investments in Spain made by foreigners who are not citizen of the European Union, through an agile and flexible method focused to those who have the consideration of investors in his legal concept, enterprising, high qualified professionals or workers who execute transactions within the same company.

BENEFITS OF A GOLDEN VISA

- A new type of visa that allows entering and staying in Spain for a period of 1 year, increasing the actual period of 90 days for non-resident.

- Allows to circulate freely and without restrictions along the “Schengen “area (Spain, France, Germany, Austria, Belgium, Denmark, Estonia, Finland, Greece, Hungary, Iceland, Italy, Latvia, Lithuania, Czech Republic, Liechtenstein, Luxemburg, Malta, Netherlands, Norway, Poland, Portugal, Slovenia, Slovakia, Sweden and Switzerland).

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With the merger between the European Council of Real Estate Professions (CEPI) and the Confédération européenne de l'Immobilier (CEI) – two leading professional umbrella organizations in Europe - 32 national organizations with over 300,000 affiliates in Europe will be fully represented in Brussels. Together, they become the “European Association of Real Estate Professions” (CEPI-CEI)

New players and products, emerging and diverse new services all complicate the task of real estate agents and managers, who are confronted by a multitude of different national and European laws. In this context, strong and consistent action from a unifying and fully representative organization at a European level is essential in clarifying, structuring and directing the development of real estate services.

Claudine Speltz, Acting President of the European Association of Real Estate Professions says : “As representatives...

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When you’re buying property in Spain, an independent lawyer who can inform and advise you is the key to a safe and secure purchase. But finding a lawyer with an established practice and experience isn’t easy.

There are literally thousands of lawyers in Spain – a quick search on the internet brings up pages and pages of candidates. But with lots to choose from and no real references, an internet search isn’t much help. Here are some tips on how to find the lawyer you need.

Word of mouth is one of the best ways to find a good independent lawyer. Ask around your friends and acquaintances who have bought property in Spain and find out who they used.

Take a look at websites that specialise in Spanish property advice and see if they have recommendations. Some reputable and reliable sites such as Spanish Property Insight list independent lawyers with proven experience.  http://www.spanishpropertyinsight.com/lawyers-in-spain/list-of-lawyers/

If...

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Five Essential Facts About Your Deposit for Buying a Property in Spain

The deposit is a fundamental part of the process for buying a Spanish property and is paid when you or your lawyer sign the purchase contract. Under Spanish Property Law, this deposit is usually non-returnable to the buyer unless the sale fails to take place through fault of the seller.

Here are five things you should know about this deposit:

  1. It usually represents 10 per cent of the price of the property unless the buyer has previously paid a holding deposit (typically €6,000).
  2. The buyer or their lawyer generally pays the deposit at the same time as signing the purchase contract.
  3. The buyer will lose the deposit if they opt out of the purchase or fail to complete the purchase of the property in Spain within the timescale stipulated in the purchase contract.
  4. The seller will be obliged to pay back the deposit plus the same amount again (i.e. double the...
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Single European Confederation of Real Estate Agents becomes reality.

 Yesterday, November 27, 2014, meetings were held in Dublin in order to carry out the merger between CEI and CEPI  the two European Confederations of Real Estate Agents. In this respect both Associations first separately and then together, voted unanimously in favour of the merger of CEI and CEPI.

 The CEI -CEPI, thus becomes The single European Confederation of Real Estate Agents, now counting well over 100,000 members from hundreds of cities in practically all  European countries.

 Aims of CEI-CEPI

 - To coordinate European Union policy matters, defending the interests of estate agents.

 - To harmonise the laws in Europe regulating admission to the profession.

 - To harmonise, where possible and in respect of local customs, the practices of estate agency.

 - To provide the European estate agent with...

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