Fancy moving to a new home in the sun? As Spain's golden visas bites the dust, our property expert reveals the best locations to move abroad - and the pitfalls buyers must avoid
2 months ago

Fancy moving to a new home in the sun? As Spain's golden visas bites the dust, our property expert reveals the best locations to move abroad - and the pitfalls buyers must avoid

Daily Mail  

The sun may be setting on Spain’s golden visa programme, but that doesn’t mean that all is lost for Britons who want residency or citizenship somewhere abroad. The golden visa allows holders to remain tax resident elsewhere and therefore also exempt from Spain’s wealth taxes, which are levied on Spanish tax residents’ worldwide assets. However, Patricia Casaburi, chief executive of Global Citizen Solutions, says: ‘If you find a turnkey property to buy it may still be possible to get in before the deadline.’ Once you have a Spanish golden visa, you need to apply to renew it every five years. ‘Plus you get citizenship as well as residency and can move freely in other islands such as St Kitts and St Lucia.’ The UAE also has a golden visa scheme, which grants residency to those who invest in eligible properties worth at least AED 2 million.

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