gev spain
TRANSCRIPT
PROCEDURES
&
SERVICE PROPOSAL
SPANISH GOLDEN VISA
MADRID 24.11.2014
2
ACKNOWLEDGEMENT
In this document we present the GEV Service proposal in alignment with the standard purchase procedure for a Golden Visa application in full specific detail.
There may be exceptions, depending on each situation that will be addressed in due course.
3
INVESTMENTS (1)
Applicants must provide evidence of having invested the minimum amount required, so investments have to be done before submitting the application.
1.- REAL ESTATE INVESTMENTS◦ Applicants shall provide evidence for the ownership of the real estate asset by submitting a certificate
of ownership issued by the Registry of Property, recording information on title and charges. This certificate will be valid for 90 days prior to the submission of the application.
◦ Acquisition of Real Estate has to be done by the applicant free from any charges, loans or mortgage, with the sole exception of the possibility of encumbering the property (e.g. mortgage) in such a manner that the minimum amount of €500,000 of the initial investment is not encumbered.
◦ A property can be sold during the residency period, but a new one has to be bought at the same time, since residency permits will be granted for as long as the investment threshold of €500,000 is maintained.
4
INVESTMENTS (2)
2.- CAPITAL INVESTMENTS◦ Applicants shall provide evidence that the investment was made within a period not exceeding 60 days
before the application is submitted.◦ In the event of an investment in listed shares, applicants will have to submit a certificate issued by the
financial agent or broker, duly registered with the Spanish National Securities Market Commission or with the Bank of Spain, recording that the applicant has made the investment for the purposes of this provision.
◦ In the event of an investment in unlisted shares, applicants will have to submit the copy of the declaration of investment made at the Registry of Foreign Investments of the Ministry for Economy and Competitiveness.
◦ In the event of an investment in a bank deposit, applicants will have to submit a certificate of the financial institution recording that the applicant is the sole holder of the bank deposit.
◦ In the event of an investment in public debt, applicants will have to submit a certificate of the financial institution or the Bank of Spain, recording that the applicant is the sole holder of the investment for a period of 5 years or longer.
5
INVESTMENTS (3)
3.- BUSINESS PROJECT◦ A business project to be implemented in Spain, which is considered to be and accredited as being of
general interest, must meet, at least, one of the following requirements:◦ Creation of job positions◦ Investment with socio-economic impact on the geographical area in which the activity is to be
performed◦ Relevant contribution to scientific and/or technological innovation
◦ Applicants will have to submit a favourable report issued by the Economic and Commercial Office of the geographical area in which the investor applies for the visa. The report will evidence that there are reasons for that project to be considered as of general interest.
◦ Applicants can apply for a one-year period visa with the sole purpose of carrying out formalities before the business activity starts.
6
PROCEDURES AND DOCUMENTATION (1)
FIRST STEP
Valid Passport or another valid travelling document which must be valid for at least 1 year Schengen Visa allowing entry and permanence in national territory Travel to Spain Investment
SECOND STEP
Once the investment is done, applicants will have to submit the following documents in the Spanish Embassy or Consulate in their countries of origin: A National Visa application form A valid passport, which must be valid for at least 1 year. Two passport photographs
7
PROCEDURES AND DOCUMENTATION (2)
Criminal record certificate from the country of origin or countries of residence for the last 5 years, translated into Spanish by a juror translator and bearing the Apostille of the Hague Convention.
Proof of means of income. As a general guidance, €2,130 per month for the applicant plus €532 for each additional family member
Public or private health insurance taken out with a company operating in Spain Proof of family ties for the applicant’s spouse and children. Family book, marriage certificate, etc., bearing the
Apostille of the Hague Convention. To posses or apply in parallel for a Foreign Identity Card application. Certificate providing evidence of the investment.
Applicants must submit originals and copies of the above mentioned documents.
* Current fee
8
SERVICES PROVIDED (1)
We offer a tailor-made service, that includes:
FIRST VISIT
PERSONAL TREATMENT We will pick up our clients from the airport. Upon request we will arrange hotel accommodation with corporate rates. Upon request we will manage transport facilities, including rent-a-car with corporate rates and
additionally, if requested a private driver who speaks English. We will assist clients while they are searching their property and dealing with the Golden Visa
related issues.
Note: Hotel, rent-a-car and driver costs are directly paid by the client, unless otherwise agreed
9
SERVICES PROVIDED (2)
PAPERWORK We provide a Fiscal Representative to the Client for the first year. We assist the Client at the Bank, in order to open account. We help the Client to take out a Health Insurance policy. We supervise the issuing of the bank certificates for the Golden Visa application. We assist the Client with the purchase and sale agreements, dealing with Foreign Office, due diligence on the property, ownership certificates issued by the Real Estate Registry Office, etc.. We accompany the Client to Local Authority, when necessary. We will help the Client finding the best international schools, universities and degrees for the family.
We advise on the companies that will deal with property maintenance, utility contracts.
10
REAL ESTATE ADVICE AND PERSONALIZED SUPPORT
We are independent. We advise our clients in the selection of the best properties and purchase conditions, based on our knowledge of the Real Estate market.
We offer a tailor made service and make a selection of properties, according to Client’s profile that are submitted to the Client for analysis.
We take the Client to visit the properties.
We help the Client to get the best mortgage conditions, over the €500,000 required.
SERVICES PROVIDED(3)
11
FOLLOWING VISITS OR ONCE CLIENT HAS MADE THE FIRST PURCHASE FOLLOW-UP SERVICES – Acting on behalf of the Client while he/she is not in Spain:
We assist the Client to switch from one type of investment to another. We assist the Client with the purchase of new properties. We select tenants, in case the client wants to rent the property. We represent Clients’ interests in the relationship with tenants.
Note: follow-up services will be quoted independently.
SERVICES PROVIDED(4)
12
WHO WE ARE (1)
GEV is a recently founded Company focused on facilitating Golden Visas to non-EU national investors. Our first and principal commitment is to improve our client’s life, giving them a personalized treatment, and contributing to the development of their businesses.
GEV was created based on the opportunity arisen from clients asking for the Golden Visa and Tax legislation, who required our services in new markets.
GEV is an independent consulting firm whose senior managers have a proven track record in Golden Visa services for more than 1 year in Portugal and Spain, as well as expertise of more than 20 years in the real estate and financial sectors, international consulting and the capacity to give expert advice on investments.
Our team of multilingual professionals based in the two countries will give advice to our clients in different languages such as Portuguese, Spanish, English, Russian and French. For other languages, we will look for interpreters if necessary.
The team has the culture of developing a close working relationship with clients with the aim of offering valuable and continuous advice to clients.
We are driven by our entrepreneurial spirit, integrity and partnering with clients. We emphasize our promise to servicing clients as if they were ourselves, which has proven to be the best way to develop our business and maintain our reputation.
Our Executive Management team includes:
Victor Artola (CEO Spain), previous 20 years working in international banking, currently CEO of GEV Spain and of FCB&A Spain where he carries out M&A, Corporate Finance and international trade transactions as well as consulting. He has been advisor and board member of several national and international organizations such as, NOSCIRA (BIOTECH), XYLATEL, TRITON CAPITAL, FLIGHTECH SYSTEMS EUROPE among others. He is also Founder and Director of the CAICO FOUNDATION, a non-profit organization committed to children suffering from cancer.
Gonçalo Almeida Garrett (CEO Portugal), more than 1 year experience with Golden Visa and former CFO amongst others at Prebuild and Novopca in Sochi, Russia, holding on-site exclusive responsibility for the local project and developing relationships with the Russian partners.
Pilar Bilbao (General Manager Spain), 15 years as a Manager at Real Estate Developers such as PLATYA and VITYLO. Areas of expertise: negotiations with land and building vendors, banks, market research, control and monitoring of projects and aiding clients both during and after sales.
Mónica Santiago (General Manager Portugal), 9 months experience with Golden Visa and former Senior (world) Partner at Mercer Consulting, has a 25-year career throughout Europe as Board Member of Insurance Companies and Pension Fund Management Companies.
WHO WE ARE (2)
14
WHO WE ARE (3)
Our main offices are in Madrid and Lisbon, but we also have offices in Barcelona, Ibiza and Luxembourg.
We have a Fiscal Representative for our clients, ensuring compliance with the tax legislation. The fiscal representative fees for the first year are included in our general fees.
Several international banks and law firms, have chosen Golden Euroresidence Visas as the preferred company which offers the best comprehensive services to their international clients to maximize the benefits (now and in the future) of the Portuguese and Spanish Golden Visas offers, for many of their clients.
GOLDEN EURORESIDENCE VISAS, [email protected]://www.golden-eurovisa.com(+34) 91 781 95 70C/Fray Juan Gil 5 – bajo28002 MADRID - SPAIN
© 2014 GOLDEN EURORESIDENCE VISASThis document has been prepared by Golden Euroresidence Visas. It contains proprietary information. Any disclosure, distribution or copying of the contents of this document, in whole or in part, requires the express written permission of Golden Euroresidence Visas.
GOLDEN EURORESIDENCE [email protected]://www.golden-eurovisa.com(+351) 213 971 341(+351) 911 964 440(+351) 913 726 232R. Rodrigo da Fonseca 83 - 3º dto1250-190 LISBON - PORTUGAL