In 2013 Spain launched a visa for long-term stay in its territory for foreigners investing in Spain, popularly called as the Golden visa. Unlike the similar program in Portugal (which we discussed here), Golden visa in Spain can be obtained in a shorter time – the application for this type of residence is considered by the competent authority within 20 days.
Special tax regimes for individuals have existed in Europe for a long time. Some countries established them on the basis of tax residency without domicile, while others introduce certain preferential provisions in existing tax legislation. Nowadays, Italy, Spain, Portugal, Malta, Switzerland, the United Kingdom and Cyprus can boast of such an option for attracting new tax residents and income to their budgets.
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