Are you struggling to make sense of how you can not merely purchase property in Sotogrande that you will love, but also ensure a smooth transition to actually living in Spain? If so, there’s no reason to fret – here at BM Sotogrande, we can assist you in realising your dreams of a sun-drenched Mediterranean lifestyle, with as few legal, financial or practical hitches as possible.
Is Brexit still concerning you?
Can you believe that it’s been scarcely two weeks since the United Kingdom left the European Union (EU)? The time might have breezed by, or you may feel like it’s been years already – regardless, we help to take the stress out of the process of buying property in Sotogrande for our British clients.
The UK is now in the pre-agreed transition period until 31st December 2020 – which, for now, means Britons still have broadly the same freedoms to live and work in the EU that they enjoyed prior to the formal Brexit date of 31st January.
GOV.UK advises prospective movers to Spain – which will include many of those purchasing property in Sotogrande this year with the help of BM Sotogrande – that as long as they are resident in Spain at the end of the transition period, they will be covered by the Withdrawal Agreement between the UK and the EU. If this describes you, it means that you will be able to stay.
More details can be found on the relevant page of the GOV.UK site for British nationals moving to or living in Spain; this section will also include all of the latest information on any changes to residency registration processes.
For other non-EU movers, there’s also the Golden Visa option
Putting Brexit aside, if you are looking to buy property in Sotogrande as a non-EU national and would like to enjoy EU residency for you and your family into the bargain, it’s well worth bearing in mind the country’s longstanding and popular Golden Visa scheme.
This scheme came into being with the passing of a law in 2013 that gave non-EU citizens the opportunity to acquire residency permits in exchange for a property investment of €500,000 or more. These residency permits are initially valid for two years, after which, they can be renewed for a further five years. These five-year renewals can then continue for as long as you remain a property owner in Spain.
Would you appreciate tailored advice and guidance for your own situation if you are interested in acquiring property in Sotogrande in 2020 – and beginning a whole new life in Spain in the process? If so, the team here at BM Sotogrande would be pleased to address any concerns that you have when you contact us.