The Benefits of The Golden Visa Spain Mallorca
Golden Visa Spain Mallorca
Since its start in 2013, the Golden Visa Spain Mallorca program has raised 2.17 billion EUR in total and approximately one third of this income has come from the 722 Chinese investors who have now participated in this free trade, free travel, free living European Visa and all the perks that it brings. So, why are the benefits of the Golden Visa Spain mallorca so appealing to Chinese investors ?
One of the reasons for this investment is down to China’s great rise in economy, trade and personal wealth, a rise which has catapulted a vast number of families into the middle classes with more disposable and investable income. China itself has experienced a real estate boom, seeing prices triple in its largest cities over the last decade. Many natives are wanting to move from these smog choking cities and reap the benefits that come with investment into the Golden Visa Spain Mallorca within beautiful islands like Mallorca in Spain. The higher rental yields on property investments in Spain and the fact that Chinese buyers’ money goes further in Europe than in Asia, is making places like Majorca, Spain, an increasingly appealing place to buy Golden Visa Spain Mallorca property. It also comes with a Spanish work permit, meaning that the investor can freely trade and run business within Europe.
The allure of Europe’s Property Visa in Spain is attracting those who are looking for a change of lifestyle, free trade and travel within Europe’s Schengen countries and those looking for a healthy ROI on their investments. The real estate market in Majorca, Spain is very healthy and showing no signs of slowing down any time soon. The higher the investment, the higher the yield and luxury real estate for sale in Mallorca rewards the investor, not only with a flourishing return but also with an enviable and rewarding Mediterranean lifestyle.
Mallorca is now closer than ever for Chinese visitors, thanks to growing connectivity between Asia and Europe. Trans-continental railway and transport links from major Chinese carriers such as ‘China Eastern’ expanded direct links to Europe by 30% in the last year and Airbus forecast a 5.3% year on year increase in service between now and 2035.
Mallorca is a desired cultural and lifestyle hotspot, laced with fascinating history, beautiful architecture, some of the most beautiful and stunning scenery anywhere in Europe, delicious food, a healthy outdoors lifestyle and excellent schools, all of which comes wrapped up in a glorious 300 days of sunshine a year!
Golden Visa Spain Mallorca requirements state that a minimum of 500,000EUR + taxes must be invested in order to qualify to this golden residence visa program, compared to somewhere like Ireland where the minimum investment is 950,000 EUR + taxes. Of course there is no top figure, meaning that it is possible to invest into luxury villas, properties and real estate for sale in Mallorca, using them not only as an investment but also as a permanent or second holiday home within Europe. Once a Chinese investor has bought a property or properties, they can apply for Residency in Spain which lasts for 2 years at a time, providing the investor adheres to the eligibility requirements. This can be renewed and after 10 years, it is possible to achieve Citizenship in Spain for Chinese buyers investing into Golden Visa Spain Mallorca property.
Golden Visa Spain Mallorca citizenship in 2018 is set to keep growing and with a choice of some of the most luxurious villas in Europe, for sale in Majorca, this is one property visa that is set to continue to increase in desirability.
Golden Visa Spain Mallorca