Desert Springs Spanish Company investment and RESIDENCY Visa Programme
Leisure life… Golf life… Active life +44 (0) 845 643 6334 • info@goldenvisa888.com • www.goldenvisa888.com
Spanish Company Investment and Residency Visa Programme Spanish Residency Visas and Residency Permits allow free movement of the holders between all countries in Europe that are included within the Schengen Agreement including: • France, Germany, Austria, Switzerland, Belgium, Netherlands, Italy, Spain, Denmark, Sweden, Norway.
And also: • The Czech Republic, Slovakia Estonia, Finland, Greece, Hungary, Iceland, Latvia, Lithuania, Luxembourg, Malta, Poland, Portugal, Slovenia.
Initial Stage
Further Stage(s)
A non-EU national will be granted a 1 year Investor’s Residency Visa, including wife and immediate family, subject to:
The non-EU national will be granted successive 2 year Residency Permits, including wife and family, subject, at the time of application, to:
• The applicant being in the process of completing, or having just completed, an investment of no less than 500,000€ in real estate. • Being 18 + years old. • Having no criminal record. • Having medical insurance. • Having sufficient finance to support himself and family whilst in Spain. • Not previously being irregularly in Spain. NB All Visas are to be granted within 10 working days of a properly completed application and Visas can be for multiple entries to Spain.
• Possessing a Residency Permit as above that still has at least 90 days to run before expiry. • Continued compliance with all the same conditions as above. NB There is no limit on the number of further 2 year Residency Permits that may be granted.
Full Permanent Residence and Citizenship Option After 5 years, the non- EU national may also apply for full residence and citizenship of Spain, subject to:
Subsequent Stage The non-EU national will be granted a 2 year Residency Permit, including wife and immediate family, subject to: • Possessing an Investor’s Residency Visa, as above, that still has at least 90 days to run before expiry. • Remaining in compliance with the conditions set out above. • Having obtained a certificate confirming the possession of the investment in real estate referred to above. • Having evidence of visiting Spain at least once in the preceding year. • Having paid up to date any Spanish tax obligations. NB There is no minimum period for the visit to Spain; it can be as short as you like. If it is not desired to become tax resident in Spain, this visit should however be for less than 180 days in any one calendar year. If however, it is desired to become a Spanish citizen and take up full permanent Spanish residence, see right.
• Continued compliance with all the conditions above. • Having actually been resident in Spain for no less than 4 years and 2 months of the previous 5 years and not being absent from Spain for more than 6 months in any calendar year. NB Residence in Spain for more than 6 months in any fiscal year (From 1st January to 31st December) results in Tax Residence in Spain.
Helping hand through the Visa and Residence Permit process We have secured the services of Alex Radford, an English solicitor and Spanish property lawyer with international firm Cremades Calvo & Sotelo to assist property purchasers through the Visa and Residence permit process.
Peace of Mind An Administrative Company, based very close to Desert Springs, is set up to be the point of contact and communication in Spain on all matters related to progress of the Company Investment Programme and all aspects of the running of the Spanish Incorporated Company and your property. A dedicated web site will be established onto which all information will be freely available. It will employ multi lingual staff. The objective is for everything to be as transparent and to provide you with the peace of mind that your funds are being used solely for their intended purpose.
Who we are… Desert Springs is an international award winning family leisure resort and golf club, with exclusive luxury homes set beside the emerald green fairways of a unique and stunning international desert golf course located in the Almanzora region of Almería, Andalucía, south-east Spain. Besides the high quality country houses, villas apartments and townhouses – the resort offers a range of exceptional family leisure facilities; swimming pools, day spa, tennis, paddle and beach volley ball courts, gymnasium, the Crocodile Club and El Torrente bars and restaurants, the championship Indiana Golf Course with it’s Academy of Golf, and both a football and cricket academy.
Where we are… Spain China Hong Kong Alicante
Madrid
Barcelona N-332
Murcia
Spain
Frequent flights from China, Hong Kong and Singapore provided by different airlines to London or Spain.
AP-7
A30 A7
Almería Malaga
How To Travel….
CT-32
N-332
Singapore
AP-7
Cuevas del Almanzora
Desert Springs A-92
N-340a
Almeria
N-341 A7 A7 N-334
An easy transfer from either London or Madrid airports will provide access to flights to either Alicante, Murcia or Almeria airports in Spain. All of these airports have access to the Almanzora Valley via a modern motorway network. Routing options via other European cities are available for example; Amsterdam with their own connections into Spain – all of which adds up to easy and frequent flight options within Europe and Inter Continental from East Asia.
Our climate…
Sunshine Hours 12 10
A true desert climate... The Almanzora has Europe’s only desert climate boasting a year round average of a full nine hours of sunshine a day. The light is luminous with brilliant clear sunny days and star-filled night skies. So much so that Europe’s only solar power station is located here, as well as one of Europe’s most important space observatories. It is, without exception, the warmest and driest place to be in Europe in the winter. In summer, it is hot and dry inland, whilst Desert Springs, up on the plateau above the Almanzora, is cooled by pleasant sea breezes.
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7
Jan
Feb
8
6 Mar
Apr
May
• The warmest and driest winter in all Europe • In winter, the average maximum daily temperature is 19°C (67°F) from October to March.
Jun
Jul
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Sep
Oct
21
21
Sep
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7
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Daily Sunshine (Hours)
Rain in mm 52 35 19 Jan
Feb
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32 Apr
34
31 May
4
Jun
1
Jul
2
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18 Nov
Dec
Average Monthly Rainfall (mm)
Warmth ˚C
The Almanzora climate has some truly unique qualities, there is nowhere else like it on the continent. • The least rainfall in the whole of Spain
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The best climate in Europe... • The most sunshine in all Andalucia
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28 17
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25 20
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Average Daily Maximum Temperature (oC)
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17
Dec
Company Investment Programme Spain is a full member of the European Union and has a well established reputation for Resorts offering a unique and desirable lifestyle. Given the well documented economic downturn in Europe looks to be coming to an end and the economy of Spain predicted to start expanding in late 2014, now is the ideal time to buy in at the bottom of the cycle and take advantage of recovering prices in the medium term and realise the full potential in capital growth. Global Real Estate and Trading Company (GREAT) have identified the Desert Springs Resort, Almeria, South Eastern Spain as the “Best of the Best”. It is a unique, modern Resort development within Europe that cannot be replicated with a truly deserved reputation for excellence because of the quality of the environment, leisure and real estate and management services and the resultant lifestyle that it offers. It is located in a unique part of Europe that has the sunniest, warmest and driest climate of all continental Spain and Europe; no atmospheric pollution; multiple first class transport communications to Europe and worldwide; the best that Spain can offer in terms of food, drink and culture – it all adds up to a wonderful Lifestyle. GREAT has carried out extensive due diligence on the Resort and is fully satisfied as to it being fully legal, large scale and with flexible planning consents and with significant leisure and real estate infrastructure already in place. All this is available for you to see. We have developed what we believe to be a unique form of asset purchase via a Share Acquisition Programme in a Spanish Incorporated Company which is eligible for the Residency Visa Programme being offered by the Spanish Government and which can result in permanent residency in Europe.
To predetermined time frames and values, assets will be developed and/or purchased in phases exclusively within the Desert Springs Resort. All the extensive and necessary agreements to allow this to happen are in place and available for inspection as part of due diligence.
The phases are as follows:
Phase 1 – The Beach House Hotel • International 4 or 5 star Hotel • 108 keys providing standard and deluxe rooms and suites • Every room has lake and golf views • Full range of front and back of house facilities • Conference and banqueting facilities • Anticipated opening date – 1Q18
Phase 2 – The Indiana Golf Course, Clubhouse and El Torrente Restaurant • Award winning Indiana 18 Hole Indiana Golf Course, opened 2001 • Caddymaster and Hacienda Golf Maintenance Facility • Golf Club House, Boutique and Changing Rooms • El Torrente Bar and Restaurant • 20,000 rounds played in 2013
Phase 3 – Crocodile Cub Restaurant and Las Sierras Sports & Fitness Club • Crocodile Club Bar, Restaurant and Dining Terraces • El Chiringuito Pool Bar, Swimming Pool and Sun Lawns • Childrens Play Bunkers, Games Room and Gator Track • Fitness Gymnasium, Tennis and Paddle Courts • Beach Football, Basketball and Volleyball Courts
Phase 4 – The Academy of English and Asian Studies • Development of a brand new 1.200m2 facility • Feasible to develop in phases and provision for future expansion • Specifically geared at attracting Asian students to Spain • Educating students from 5 to 18 years
Company Investment Programme Depending on the value of Shares purchased, in addition to participating in the above, you will receive deeds to a property at Desert Springs as soon as the property is ready to hand over and as laid out below: In respect of all the properties, they are fully furnished; air conditioning throughout; all Completion Costs paid; Permanent Services Connections installed; Residency Visa Fees paid and Property Costs for 3 years paid. Important note: this is the gross sum to be paid by each Purchaser – currently no additional taxes are applicable on a Share Acquisition.
Apartments and Townhouses Two and three bedroom, set in courtyards, around swimming pools, gardens and classical Spanish patios providing a village feel. Their location gives them tremendous views to the golf, the sea and surrounding mountain ranges. Two and Three bedroom price from €1,000,000 to €1,109,333
Chalets Three and four bedroom, the individual villas comprise large terraces and pergolas in their own private gardens, but in clusters sharing beautiful individually landscaped gardens and swimming pools in semi-closed communities. Three bedroom price from €1,294,865 to €1,311,200 Four bedroom price from €1,333,228 to €1,355,949
Villas Three and four bedroom, these large detached country villas are situated overlooking the fairways of the Indiana golf course. All have a gated front court, a walled off garden, immediately overlooking the golf course with spectacular views and a private swimming pool. Three bedroom price from €1,458,686 to €1,528,524 Four bedroom price from €1,546,091 to €1,637,715 Five bedroom price from €1,948,724 to €2,596,300
Income Streams and Exit Strategy Clearly the assets developed and purchased will have their own income stream. Indicative financial projections are available as part of any due diligence. Profits received by the Spanish Company are distributed in proportion to your share holding into your Spanish Bank Account. Income from rental of your property will only be paid to yourself, again to your Spanish Bank Account.
The projected financials cover a 10 year period and show a capital growth potential for the hotel and educational facility of 80% to 100% after five years. The establishment of a hotel in the resort will not only create its own revenue stream, but also have a great impact on earnings for the associated businesses (source is feasibility report by Howarth HTL). This may then be invested in later phases, enabling attractive potential returns on specific investments.
All revenue and cost projections have been based on Desert Spring’s long term experience of running the existing facilities and detailed market and feasibility studies carried out by the specialist UK Tourism Consultants, Horwath HTL.
The final exit strategy available to each shareholder (which can be managed by the Administration Company), is a sale of shares in each successful business together with other shareholders. This can be done at a set date, and until then you continue to enjoy dividends from your shares.
All information is originated in English and Spanish and any translation into languages other than these has been carried out by third parties and we can take no responsibility for it’s accuracy. There can be no assurance that the investment objectives will be achieved, and there is always a risk of a total investment loss. The discussion material contains statements and projections that are forward-looking, which are subject to numerous risks, uncertainties and assumptions, include projections of future financial performance. These projections are based on a range of assumptions about future events. There are important factors, many of which are beyond control, that could cause the results to differ materially from those expressed or implied.
Desert Springs Resort Map
+44 (0) 845 643 6334 • info@goldenvisa888.com • www.goldenvisa888.com