Bea Alonzo purchases Madrid apartment for 500K euros, gets Golden Visa

The trend of Filipino celebrities investing in properties abroad continued with actress Bea Alonzo recently announcing that she purchased an apartment in Madrid for 500,000 euros.

The actress shared that because of her investment, she is now a legal resident of Spain after she received her Golden Visa, which is given to qualifiers to the Spanish Government’s Residency by Investment (RBI) program.

In her recent vlog, the actress said that she went on a three week vacation to Europe to process her residency visa and her property.

“Yung Spanish government kasi, if you have a certain amount to invest sa real property nila, you will be granted a Golden Visa which means you are automatically a resident. After two years, you can apply for citizenship which am not gonna of course, but, at least, there is that option. I’ve always been fascinated with the idea of living abroad. But not because I already have a place there doesn’t mean doon ako titira. Of course, am gonna live here (Philippines). It just so happened that I love Madrid, I love Spain and I have a lot of friends there,” she said.

The Golden Visa entitles Alonzo to travel visa free to the Schengen area of the European Union. She can also work legally in Spain.

It can be recalled that fashion icon Heart Evangelista also recently purchased an apartment in Paris where she is mostly based for her international work commitments.