Puerto Pollensa Travel Guide
Before You Go
Flights
Package Holidays
Latest Special Offers!
All-Inclusive Hotels
Hotels & Aparthotels
Private Villas/Apts to Rent
Villa Companies
Local Rental Agents
Cruises
Car Hire
Airport Transfers & Taxis
Travel Insurance
Late Deals!
Currency
Holiday Shopping
Background Info
Language
Books
Events & Fiestas
Climate & Weather
Art & Culture
Flora & Fauna
Links
Discussion Forum
Once You're There
Maps
Airport Directions
Tourist Information
Eating Out
Buses & Trains
Music & Entertainment
Excursions & Days Out
Shopping & Markets
Kids
Beaches
Walking, Cycling
Boat Charters
Sailing/Watersports
Market Place
Boats & Yachts
Property For Sale
Businesses For Sale
Property Services
Local Services
MouseMats & T-shirts
Computers
Internet Services
Virus Protection
PuertoPollensa.com discussion forums

Go Back   Pollensa Forum > LIVING & WORKING IN POLLENSA > Living & Working in the Pollensa Area

Living & Working in the Pollensa Area This forum is for any comments, questions and advice about living (permanently or temporarily) and working in the Pollensa area. Aimed at ex-pats, property owners etc.

Reply
 
LinkBack Thread Tools Display Modes
  #1  
Old 21-10-2014, 15:23
***
 
Join Date: May 2014
Location: Pollença, Mallorca
Posts: 27
Default “GOLDEN VISA”. Practical application for foreign non EU-citizens acquiring a property

The Law 14/2013 requires that the value of the property (houses, business premises, industrial warehouses, garages, store rooms, plots, flats…) is equal or superior to 500.000 Euros. The amount in question must be understood as follows:

The object has to be free of charges (except for the part exceeding 500.000 Euros)

The amount of 500.000 Euros has to be understood as a principal amount, regardless of taxes. Therefore, it is not sufficient that the Purchase Price is below 500.000 Euros and pretend to reach this figure applying the respective VAT (10% house, 21% plot).

If three persons purchase a flat of 1.500.000 Euros, all the 3 persons have the right to apply for visas or residence permits. In the case of an acquisition by two persons, if the value is of 500.000 Euros, only one of the co-owners is enabled to choose the privileged way of obtaining the visa or residence permit.

When acquiring a plot of 300.000 Euros and subsequently a house is being built, declaring a capital cost of 200.000 Euros, the visa will not be granted. The successive accumulation up to the amount of 500.000 Euros is not permitted for the purpose of granting the visa. This minimum amount has to be reached at the time of the application in order to achieve the visa or residence permit.

PLEASE DO NOT DOUBT TO CONTACT US FOR FURTHER INFORMATION. 971.728.008 ; INFO@ILLESLEX.COM

Best regards,
__________________
____________________
Committed to the Satisfaction of our Clients -
Illeslex Abogados

Last edited by illeslex; 21-10-2014 at 15:29.
Reply With Quote
Sponsored Links
Reply

Bookmarks

Tags
acquisition , property , purchase , residence permit , visa

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are Off
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
NIE, requirements for the application: EU CITIZENS OR NOT illeslex Living & Working in the Pollensa Area 2 13-02-2015 12:05
Los Zarzales Practical Workshop Stevo66 Miscellaneous 10 22-07-2011 20:39
Senior Citizens Club in PP?! Claire Miscellaneous 5 23-07-2010 10:16
Application for your mobile to make it into a wifi hot spot Mark Internet, Telephones & Mobile Phones 1 31-03-2010 18:09


All times are GMT +1. The time now is 03:19.


Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO 3.6.0
(c) Copyright Holiday Webs Ltd 2011