The Golden Triangle is one of the areas that attracts the most millionaires in Spain.
A total of 348 people bought houses worth more than half a million euros and achieved the GOLD VISA, which grants five years of legal residence in the country.
In 2013, the Government devised the Law to Support Entrepreneurs and their Internationalization. With this law the intention was to allow those who would like to invest or do business in Spain, without being EU citizens, to enter and reside in the peninsula without problems.
There was born the so-called GOLDEN VISA, the document that is sold by the State to those who buy a luxury home equal to or greater than half a million euros.
Thanks to this method, 348 foreigners have obtained a house of these characteristics in the Costa del Sol, since then Malaga has become the second province, after Barcelona, ??with more visas granted. In Spain it amounts to a total of 2,093 visas.
Most of the non-EU foreigners who made this type of investment in Spain are the Chinese and the Russians and to a lesser extent those from Ukraine, Egypt, Venezuela, Saudi Arabia, the United States, Lebanon and Iran, among others.
The Chinese and American Russians. They are the main recipients of messages that are launched from the coast to attract luxury tourism, whose heart lies in the golden triangle, with villas located in the urbanizations that are lost to infinity and, almost all, surrounded by fields of golf. The tranquility of the area and the excellent combination of land, sea and air of the province with the rest of the world make this a very popular destination for non-EU millionaires.
The GOLDEN VISA confers a great advantage, since it allows you to live in your holiday homes every so often, without having to reside permanently. All those who acquire the Golden Visa seek a document that allows them to reside in Europe without problems, being in the area without having the obligation to reside for six months per year.
It is about having an area with a climatology and privileged communication conditions with a summer house, although there are those who choose to rent it. Foreigners come to the coast of Malaga to do business, the Golden Visa authorizes the holder to work in Spain on their own account or on behalf of another, which is a great advantage. Obtaining a work permit is very complicated in Spain, and it does not only happen with the visa holder but it also expands to your family.
Other foreigners seek investments that are highly profitable, that is, buy buildings or rented premises, subrogate in the rent and receive the monthly rent or inject money with prospects of obtaining benefits in various sectors.
The most sought after area is that between Marbella, Estepona and Benahavis and within this area Los Flamingos is considered a preferred place.