Spain’s iconic Golden Visa programme, which has been a gateway for non-EU investors to obtain residency, is set to conclude on April 3, 2025. This decision comes as part of a broader governmental effort to address housing affordability and real estate market reforms.
Introduced in 2013, the Golden Visa programme has long been a favorite among investors looking for residency opportunities in Europe. It has attracted thousands of applicants worldwide due to its straightforward process and numerous benefits.
Why Is Spain Ending Its Golden Visa Programme?
The Spanish Congress of Deputies approved the abolition of the Golden Visa programme in December 2024 with 177 votes in favor and 170 against. This decision became official on January 3, 2025, when Organic Law 1/2025 was published in the Official State Gazette (BOE). Following this publication, the program’s termination will come into effect three months later, giving investors a final window to apply before April 3, 2025.
The move aligns with Spain’s commitment to addressing a growing housing crisis. Critics of the Golden Visa programme argue that it has contributed to soaring real estate prices, making housing less affordable for local residents.
How Can You Still Apply?
Until the April 2025 deadline, investors can still secure a Spanish Golden Visa by making qualifying investments in any of the following categories:
- Real Estate: Purchase property worth at least €500,000.
- Government Bonds: Invest a minimum of €2,000,000.
- Business Investments: Invest €1,000,000 in shares of Spanish companies or businesses fostering technological innovation or socio-economic growth.
- Bank Deposits: Place €1,000,000 in Spanish financial institutions.
These investments pave the way for a visa that can later be exchanged for permanent residency and citizenship, provided all requirements are met.
Key Benefits of Spain’s Golden Visa
- Work Authorization: Golden Visa holders and their family members have the right to work in Spain without additional permits.
- Family Inclusion: Spouses, children under 18, and financially dependent children over 18 can accompany the primary applicant.
- Travel Freedom: Enjoy visa-free access to Europe’s Schengen Area.
- Pathway to Citizenship: Eligible for Spanish citizenship after a few years of residency (subject to fulfilling conditions).
A Decade of Success
Spain’s Golden Visa programme has been operational since 2013, welcoming thousands of investors from countries like China, Russia, and the Middle East. Over the past 12 years, it has significantly boosted foreign investment in Spain’s economy, especially in real estate.
However, as Spain moves to reform its housing market, the programme’s end marks the conclusion of an era. If you’ve been contemplating applying, this is your final chance to benefit from one of Europe’s most sought-after investment residency schemes.
Don’t Miss Out!
With the clock ticking toward April 3, 2025, the time to act is now. Whether you’re drawn to Spain’s stunning landscapes, vibrant culture, or its gateway to Europe, the Golden Visa offers a unique opportunity to make Spain your second home.
Start your application process today to secure your place in one of Europe’s most beautiful and dynamic countries before this program ends for good.
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