IS THERE LIFE AFTER GOLDEN VISA?

Brexit agreement, they failed to address the pressing issue of Gibraltar’s border conditions. As a result, negotiations have been ongoing for two and a half years, with 13 formal rounds of talks held since October 2021.

However, with the Spanish democratic process now in full swing, sources from the Gibraltar government have confirmed that both the UK and the EU have agreed to suspend further formal meetings until a new Spanish government is established. Informal discussions, however, are expected to continue.

WHILST the Portuguese government finally decided to interrupt the Golden Visa last March, the Socialist Spanish government will probably postpone its review until after the July election, if at all they manage to stay in power.

Let’s review what the Golden Visa is all about and what other popular options are available if those in power decide to terminate it.

Golden Visa: This permit allows the holder to be in Spain for extended periods of time, or none at all (no minimum stay). It also enables the holder to work, to employ or be employed, without limitation other than those existing to any other resident. The only downside is that an investment of €500,000 in property (or €1 million in a bank account) is required. This card is, by far, the best possible option if it can be afforded.

Non­lucrative residency permit: it entails living in Spain without working so it is designed for people who can show available funds (approximately 30k/year in savings, rentals, or dividends). The minimum stay in Spain is six months, without which the permit cannot be renewed. After five years the applicant can request a long­term residency permit

By Antonio Flores

but for this, it is imperative that the applicant spends a minimum of 10 months per year. Many consulates require the applicant to explain the links to Spain, for example, having friends or family, knowledge of the area due to prior holidays etc.

Finally, self­employed work authorisation and residency permit: working in Spain will most likely have to be as a self ­ employed worker, as a salaried work permit is difficult to attain since unemployed is high (and local jobseekers have priority). As above, the minimum stay in Spain is six months without which, the permit cannot be renewed, and permanent residency is applicable too. The residency type requires a business plan and an upfront capital to fund the project.

ESTEPONA is all set to celebrate the arrival of summer with the fifth edition of the Fiesta de la Música summer solstice music festival.

Taking place on Wednesday, June 21, at Plaza Antonia Guerrero from 8pm onwards, the free festival promises to be a delightful evening filled