Countries receiving British investors after legal changes in Spain
For years, Spain has been a preferred destination for British investors in the real estate sector, both to acquire second homes and to obtain residency through the Golden Visa.
However, the recent announcement by the Spanish government to impose a 100% tariff on property purchases by non-EU citizens has generated an exodus of British investors Looking for alternatives. In this context, countries like Portugal, Greece, Italy, and Cyprus are emerging as attractive destinations, offering tax benefits and favorable residency programs.
Portugal: a nearby and flexible alternative
Portugal is one of the most viable options for Britons seeking real estate investment without committing to permanent residency. Its Golden Visa program allows them to maintain residency status with a minimum stay of seven days per year. Furthermore, after five years, investors can apply for Portuguese citizenship without strict continuous residence requirements. This appeal, combined with its mild climate and quality of lifeThis has turned Portugal into the main refuge for British investors affected by the new Spanish policy.
Greece: affordable investment and Mediterranean appeal
Greece has positioned itself as an ideal destination for British property investors due to its competitive prices and Mediterranean quality of life. With over 17.000 Britons interested in settling in the country, Greece offers advantages such as affordable property costs compared to other European destinations and a Golden Visa program that allows applicants to obtain residency by purchasing property.
Italy: Tax incentives for new residents
Italy has implemented tax incentives to attract foreign investors, allowing new residents to replace regular taxation on foreign income with a fixed annual payment of €100.000. Additionally, dependents can benefit from a reduced rate of €25.000 per year. These incentives, in place for 15 years, have made Italy an attractive destination for wealthy Britons seeking stability and favorable tax benefits.
Cyprus: fiscal stability and favorable environment
Another country on the list of preferred destinations for British investors is Cyprus, which has seen a surge in demand from UK citizens seeking a stable tax environment and a relaxed yet vibrant lifestyle. The country offers a warm climate, an open economy, and expat-friendly tax policies, making it an attractive option.
Alternatives to living in Spain without the Golden Visa
Despite the elimination of the Golden Visa and the increase in property taxes for foreigners, some Britons remain interested in residing in Spain and have resorted to alternatives such as non-lucrative visaThis permit is for non-European citizens with sufficient financial resources to live in Spain without needing to work. The visa grants a renewable residence permit, with the possibility of applying for permanent residency after five continuous years of residence in Spain.
AIM Global: International Mobility and Golden Visa Consulting
In a context where regulations on real estate investment in Spain have changed drastically, it is essential to have expert advice to find the best opportunities in other European markets or explore residency options in Spain.
AIM Global It offers specialized consulting in international mobility, facilitating the obtaining of visas and residence permits in various countries, ensuring that each client finds the best strategy for their investment and lifestyle.
If you are looking for alternatives to invest or reside in Europe following the recent changes in Spain, contact us to receive personalized advice and explore the best opportunities available.
