Yes, one of the major benefits of the Golden Visa is that you can rent out the property you acquire. Many investors choose to rent their properties to generate passive income, especially in high-demand areas like Madrid, Barcelona, or the Costa del Sol, where the demand for rental properties is high.
However, if you plan to rent the property as a vacation rental, you need to be aware of local regulations. Cities like Barcelona and Madrid have specific rules for short-term rentals. For instance, in Barcelona, you must meet certain requirements to rent out your property on platforms like Airbnb. On the other hand, if you plan to offer long-term rentals, you will only need to comply with the general rental laws in Spain.
Moreover, the rental income will be subject to taxes in Spain. You will need to declare rental income on your Spanish tax return, and depending on your tax status, you may be subject to both Spanish and international tax laws.
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