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Update 09.04.24: An announcement has been made by the leader of the Socialist Government in Spain, that his government plans to amend or repeal the “Golden Visa” legislation. Currently no timetable for these changes has been suggested and there is opposition to any revision. That said, this discourse, that started in May 2023, may result in some material changes. We will endeavour to keep you up to date with these as we are made aware of them and their precise impact.
“The Pool” in Marbella, has become a fast growing tech hub bringing together those with experience in founding, developing and investing in startups up and young companies in one of the myriad of tech sectors so essential to the world’s economy. It occupies the upper floor of the large El Corte Ingles department store building located near the monument called La Linterna or El Piruli (the Copper Tower) in central Marbella.
During a recent interview at The Pool, (as promoted by marketing guru, Alfredo Bloy Dawson) past Pacaso President, Razor Suleman, who originally accepted a year long posting to Marbella, tells why he and his wife decided to stay, just four months after arrival!
Marbella: It is very nice here, shall we stay?
Reflecting on what Marbella means to him, after a lifetime – literally he started when he was 15 – of creating some hefty tech champions, this Canadian, who has lived all over the East and West coasts of the US, described Marbella as a “paradise” where those who have “won in business” choose to settle as they are also “want to win in life”.
My Biznaga Partners colleague, Chris Armes, himself a veteran of Silicon Valley and its vital Mergers and Acquisitions scene, tells of the small office start-ups in Palo Alto – often known as the “Birthplace of Silicon Valley” – featuring the early iteration’s of likes of Facebook and Google. The energy was infectious and the drive to succeed was palpable. Some did.
Could Marbella become the new European Palo Alto?
Mr Suleman talked about several initiatives he has in place to promote Marbella and the tech eco-system that he is helping to create and evangelize to the outside world. The aim is to embrace the unfolding opportunities that exist. He commented that many North Americans were often very familiar with St Tropez but few were as well acquainted with Marbella. He wants to change this.
He cited various reasons as to why he felt more of his fellow tech entrepreneurs and associated disciplines from the US would be following his lead. Taking advantage of Spain’s enterprising welcome to the international business community by the new Start Up law, the “Beckham Law”, Healthcare, Schooling and Golden Visa opportunities.
I have written before on this evolving trend North Americans find new lives in Marbella.
So for those keen to give Marbella a try, it has just got even easier!
Malaga’s Costa del Sol airport has announced that by this summer 136 cities around the world will be accessed by direct flights. That’s an 11 % increase on the same time in 2023. So if your flight is from Aalborg in Denmark or Zurich in Switzerland there’s a direct flight for you.
United Airlines has agreed to triple the number of seats on its New York services and Qatar Airways has agreed that it will expand its Doha flights to be year round offer.
For the Brits, it is noted that the UK continues to be the biggest destination for Malaga flights with nearly 5 million seats available between March and October. London has the most seats and flights offered with nearly two million seats.
Should you be interested in discussing the process involved in buying a property in the Marbella region, we would be delighted to assist you. As and when you are ready to progress with your search please contact me to discuss your precise requirements.
We are not estate agents, but we know some hard-working and reputable ones, as needed.
We have a multi-disciplinary team of bi-lingual, highly experienced and wholly independent Abogados (Spanish Lawyers) and Asesores Fiscales (Tax Accountants) are ready to help you.
Please note that our posts are for general interest. There is no substitute for proper advice tailored to your specific circumstances as provided by a qualified Abogado who is experienced in the application of the Spanish Law. Nothing contained in this article should be seen or taken as the writer or the publisher providing legal, tax or financial advice. All details have been reasonably fact-checked and all efforts have been taken to ensure that facts are accurate as at the date of publication.
My details: Mark FR Wilkins, during usual business hours on +34 600 343 917 or e-mail me at mark@biznagapartners.com
You may also be interested to subscribe to my interactive FaceBook Group “Costa del Sol – The Best Place to Live in Europe” – please click this link – Costa del Sol – The Best Place To Live In Europe
© Mark FR Wilkins 2024. All rights reserved.