A collaborative project between RSM-L&L with Double Dragon Corporation
DoubleDragon Corp. has launched a project to make it easier for Filipinos to benefit from obtaining the Golden Visa and at the same time get good returns on their investments.
The company's Hotel101 venture, which is to build a large hotel in Madrid near Ifema, Adolfo Suarez Madrid-Barajas Airport and the Real Madrid sports city, has teamed up with RSM as a corporate partner that will help facilitate Golden Visa applications for investors who acquire at least three units in what is expected to be one of the five largest hotels in the Spanish capital.
According to Edgar "Injap" Sia II, DoubleDragon's chairman and chief executive officer, "people applying for a Spanish Golden Visa must invest €1 million if it is in cash in a bank, but if it is in the form of a real estate asset, the minimum value required is €500,000". That's the equivalent of only around P30 million and the acquisition of three units in Hotel101 Madrid will meet that threshold.
This is a special type of residence permit created for all non-EU citizens who wish to make a significant investment in Spain, in order to move and obtain residency.
It allows you to live and work in Spain for 3 years initially, and can be renewed later for 5 years (as long as you maintain your original investment).
As with the rest of the European countries that offer a golden visa, this significant investment is usually in real estate, but there are other investment options that will also allow you to obtain this residency. In the case of Spain, there are 3 alternatives, which we will see later in this article. With the residence by investment, one can travel freely within the European Union.
How is it regulated?
The Entrepreneurs Act 14/2003, regulates the residence permit for investors, which includes different residence permits created in 2013, including the investor visa, the Entrepreneur Visa, the Intra-corporate Transfer Visa, and the Highly Skilled Worker Visa.
Instead of the local immigration office processing the files, the application for the investor visa is processed by the UGE (Large Business Unit).
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A collaborative project between RSM-L&L and Double Dragon.
Thanks to this joint venture we will be able to cover you both in Madrid and in the Philippines.
Conditions to apply for the Golden Visa
Golden Visa Benefits
How RSM can help you obtain your Golden Visa
At RSM, we pride ourselves on our vast network and global reach, with collaborators in locations such as the Philippines, ready to assist you from the onset. Our team is committed to delivering quick and accurate responses, helping to facilitate a smooth and efficient process.
One of our unique strengths is providing a direct link to our legal experts. You'll have the opportunity to work closely with a dedicated lawyer who will guide you through the legal aspects of the Golden Visa application, offering invaluable expertise and peace of mind.
With each step of the process, from proving sufficient financial means to fulfilling health insurance and criminal record requirements, our global team will ensure every prerequisite is meticulously met.
We invite you to experience the RSM difference. Let us guide you through your journey to obtain a Golden Visa in Spain. We're here to provide a professional, reliable service designed to help you achieve your residency goals.
Contact us today to start your journey.