The Spanish Golden Visa program, a popular route for non-EU citizens to obtain residency rights in Spain through investment, will soon come to an end. This program, launched in 2013 to attract foreign investment, currently still offers the possibility of obtaining a residence permit through various investment options, including a minimum of €500,000 in real estate. The program will end permanently on April 3, 2025, as confirmed in the Spanish Official Gazette (BOE).
What does this mean for investors?
Until the effective date, the Golden Visa program remains valid, providing a unique opportunity for those who still want to take advantage of its benefits. Existing permit holders retain their residence rights and are eligible for renewals even after the change in the law. This makes the coming months crucial for potential investors looking to make a new move in Spain.
Benefits of the Golden Visa program
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Right to live and work in Spain.
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Access to quality health care and education.
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Visa-free travel within Schengen countries.
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Opportunity for real estate investment in a booming market.
Alternatives for investors
For those considering investing in luxury villas or properties that require more time, there are strategic solutions to secure a Golden Visa now:
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Real estate: Invest €500,000 in an apartment. This can generate income through rentals and possibly increase in value.
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Bank deposit: Place €1 million in a bank deposit. This deposit is refundable when visa requirements are no longer required.
By acting early, investors can gain certainty while carefully selecting their dream home.
Why is the Golden Visa program ending?
Impact on the real estate market
The program has led to a significant increase in real estate prices in certain regions, making it more difficult for local residents to find affordable housing. The measure is intended to improve access to housing for Hispanics.
Economic effectiveness
Other investment options, such as stocks or government bonds, were used less and did not contribute enough to the Spanish economy. This accelerated the decision to cancel all investment visas.
European security and transparency regulations
In line with broader European trends, Spain is also taking a critical look at the origins of investment funds. Since the Russian invasion of Ukraine, these programs have come under heightened scrutiny.
Transitional
There are specific rules for pending applications and existing visa holders:
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Applications pending: Applications submitted before April 3, 2025 will be processed according to the old regulations, provided the investment has already been fully completed.
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Renewals: Existing permits remain valid and are renewable according to the original terms.
What does this mean for your investment?
The countdown has begun. With less than three months to go, speed is of the essence. Whether you choose real estate, bank deposits or another route, our experts are ready to guide you every step of the way.
Other lodging options in Spain
For non-EU citizens who do not qualify for the Golden Visa program, Spain offers alternatives:
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Visa for highly qualified professionals.
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Visa for international remote workers.
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Residence permit based on social or family ties.
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Student visa.
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Visa for entrepreneurs.
Conclusion
The end of the Golden Visa program marks an important turning point for Spain’s immigration and economic policies. For investors, this offers a last chance to take advantage of unique benefits. Do not wait any longer and contact us today to submit your application on time and secure your future in Spain.
Contact MDR Luxury Homes for expert guidance and personalized support for your real estate investment in Spain.
