FAQs
Do you have any doubt? Here you will find everything you need to know about The Second Address
May I learn more about the EU Residence Permit program?
We are aware that both the high costs and lengthy processes of obtaining golden visas and other EU residency permits pose a significant challenge for all investors seeking to move and reside freely in Europe. At The Second Address, we have developed a formula in collaboration with our solution partners and advisors who are world leaders in citizenship and residency permit matters, to address this issue for all our homeowners and their families. This formula is exclusively available for The Second Address homeowners.
All homeowners who wish to obtain an EU residency permit can, for an additional cost of 75,000 euros, have the right to obtain a permanent residency permit that can be renewed every 5 years for themselves, their spouse, and all children up to 18 years of age. Homeowners who wish to exit the residency permit program after 5 years and do not wish to continue can withdraw from the program by receiving back a portion of the amount they initially invested.
Who is taking care of the properties?
The Second Address team is the management company who is in charge of all maintenance. The holding company on which all the properties are purchased and registered sign a maintenance agreement with The Second Address and we take care of all errands such as paying the utility bills,following the tax payments,filing administrative duties, keeping the pool clean,doing the gardening and house keeping on the behalf of the homeowners against an annual maintenance fee paid by the homeowners.
How much is maintenance fee and what are included ?
Every homeowner pays an annual fee of approximately 12,000-14. 000 euro/ share for maintenance of property/ properties they own. This fee covers all utility bills,taxes,insurance, keeping the pool clean, gardening and house keeping before your check in and after your check out. You will have a 24/7 concierge service and a property manager who will assist you during your stay. The maintenance fee also covers some tiny repairs and costs of emergency cases.
The Second Address management fee is also included in the annual fee. Any extra services that you might need during your stay can be arranged by our concierge team for additional surcharge ( such as a chef or nanny at home, a car with a driver or assistance in shopping etc) Any damages given to home or its contents are charged to the homeowner who stayed during that period during the check out.
Do we have any control on maintenance expenses?
All the expenses and bills paid for the property/properties are kept and filed in seperate accounts and a detailed report is shared with homeowners regularly. We keep a full transparent accounting system where all homeowners can see the balance of the company, cash flow and expenses anytime they want.We also share an independant audit company report of the companies with the homeowners at the end of each year.
What is the role of The Second Address as the management company?
The Second Address works as a management company under a contract signed with the holding company of the properties where its functions and responsibilities are clearly set. In general The Second Address is authorised to run the day to day functioning of the properties mainly in the scope of maintenance.In addition to the above The Second Address is also authorised to rent out the properties as per the homeowners request for the periods that are not used. Any critical decision is taken by voting among the board of directors of the companies