End of Spain Golden Visa 2025.
In November 2024, the Spanish Congress approved the elimination of the ‘Golden Visa’ program, officially ending it on April 3, 2025. This program, established in 2013, granted residency permits to non-EU citizens who made significant investments in Spain, such as purchasing real estate worth at least €500,000 or investing in Spanish public debt or companies.
The decision to terminate the Golden Visa program stems from concerns over its impact on the housing market. Critics argue that the influx of foreign capital contributed to rising property prices and gentrification in major cities like Madrid and Barcelona, making housing less affordable for local residents. By ending the program, the government aims to address these issues and promote greater social equity.
For current Golden Visa holders, the law includes transitional provisions. Applications submitted before April 3, 2025, will be processed under the existing regulations, and those who already possess a Golden Visa can continue to renew their residency permits, provided they maintain the original investment conditions. However, no new applications will be accepted after the law takes effect.
In response to the program’s termination, non-EU citizens seeking residency in Spain are exploring alternative options. One such alternative is the Non-Lucrative Visa, which requires applicants to demonstrate sufficient financial resources and obtain private health insurance. This visa does not permit employment in Spain but allows for legal residence.
The abolition of the Golden Visa reflects Spain’s commitment to addressing housing affordability and reducing economic disparities. While it may lead to a decrease in foreign investment in the real estate sector, the move is expected to contribute to a more balanced and equitable housing market for Spanish residents.
Don’t wait! The Spain´s Golden Visa deadline is approaching
As the Golden Visa program approaches its conclusion, this represents your final chance to turn your aspiration of European residency into a tangible reality.
It is crucial to act swiftly—embark on your journey today.
Secure your Spanish residency now. Make your Spanish dream a reality.