1248 Capital Introduces Golden Visa Program for Spain

FOR IMMEDIATE RELEASE

Multi Family Office, 1248 Capital has added a Golden Visa Program for Spain to its services. The firm has already established a track record in obtaining such visas for its clients, which gives the holder residency in Spain once approved by the Spanish government.

We asked Jerry Thompson of 1248 Capital what the steps are to obtain a Golden Visa for Spain:

"You can come to Spain with your t ravel visa and look for a property. Once the pre-agreement (contrato de arras) is signed and cor responding funds are deposited, you can apply for the golden visa. I f needed, the authorities can grant you a permit for six months so you can complete the process of buying your property. I f your golden visa application is accepted, you will receive a visa for one year . As opposed to other visas, the golden visa application can be presented while you are in Spain. After receiving your golden visa, you can keep renewing the visa, as long as you do not sel l your property. At 1248 Capital we f ind you a property and facilitate the purchase of the property for you, eliminating the need to come to Spain".

Congress in Spain approved legislation for the Golden Visa (or "Property Visa") on September 27, 2013. The golden visa grants automatic residency in Spain when you purchase property for 500,000€ or more.

This can be any type of property: home, commercial, land, or a combination of
properties. As opposed to the wealth visa, the golden visa does not require you to be in Spain 183 days of the year.

In 2015, the golden visa experienced an easing in the criteria for its concession and renewal. This has helped overcome the bureaucratic hurdles that characterized the prior procedure. The government has also expanded the beneficiaries to include unmarried couples (parejas de hecho) and children of the buyers who are over 18.

1248 Capital has quickly become one of the leaders in Spain of identifying properties suitable for the Golden Visa Program.

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No Offer, Solicitation, Investment Advice or Recommendations

This release is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, nor does it constitute an offer to provide investment advisory or other services by 1248 Capital. No reference to any specific security constitutes a recommendation to buy, sell or hold that security or any other security. Nothing on this release shall be considered a solicitation or offer to buy or sell any security, future, option or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction. Nothing contained on the release constitutes investment advice or offers any opinion with respect to the suitability of any security, and the views expressed on this release should not be taken as advice to buy, sell or hold any security. In preparing the information contained in this release, we have not taken into account the investment needs, objectives and financial circumstances of any particular investor. This information has no regard to the specific investment objectives, financial situation and particular needs of any specific recipient of this information and investments discussed may not be suitable for all investors. Any views expressed on this release by us were prepared based upon the information available to us at the time such views were written.

Changed or additional information could cause such views to change. All information is subject to possible correction. Information may quickly become unreliable for various reasons, including changes in market conditions or economic circumstances.

1248 Capital is a private equity firm specializing in real estate, high technology and other sectors with a Global footprint.

1248 Capital
Boulevard Totleben 53-55
1606 Sofia, Bulgaria

This release was published on openPR.