Spain | Image credit: Sebastian Pichler/Unsplash
Spain’s popular Golden Visa programme, which grants residency to non-EU citizens through significant investments, will end in April 2025. The deadline for submitting applications is April 3, 2025.
Introduced in 2013, the Golden Visa programme has been a significant driver of foreign investment in Spain. However, the government has decided to phase it out amid concerns about rising housing costs and the need to reform the real estate market.
Peruse this guide to the best things to do in Spain.
Spain’s Golden Visa programme to end by April 2025: Key details
Wealthy foreign nationals will be eligible to apply for Spain’s Golden Visa Program only until April 3, 2025.#spain #spanish #goldenvisa #schengenvisainfo #news #breakingnews #europe #eu #eunews #europenews pic.twitter.com/lnUg2VCIut
— SchengenVisaInfo (@schengen_info) January 8, 2025
In December 2024, the Spanish Congress of Deputies approved the law abolishing the Golden Visa with 177 votes in favour and 170 against. By January 3, 2025, the Official State Gazette published Organic Law 1/2025, putting the abolishment in motion. According to the law, the decision will become effective 3 months after publication.
Spain’s move to abolish the Golden Visa comes as the country faces a housing crisis. The end of the scheme aligns with the government’s efforts to reform the real estate market by making it affordable.
Spain will continue to accept foreign investments until April 3, 2025, in any of the following forms:
- Minimum EUR 2,000,000 (approximately THB 7,14,42,000) in Spain’s government bonds
- EUR 1,000,000 (approximately THB 35,72,1000) in stocks or shares of Spanish companies
- Real estate of at least EUR 500,000 (approximately THB 17,86,05,00)
- Spanish businesses that help with technological innovation or socio-economic growth
The investment will be the gateway to a visa, granting entry to Spain. This visa can be exchanged for permanent residence and citizenship if the candidate meets all demands.
Explore more details about Spain’s Golden Visa through the official website.
(Feature image credit: Sebastian Pichler/Unsplash)
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Note:
The information in this article is accurate as of the date of publication.
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Priyaja took her love for reading to the next level by majoring in English and minoring in Journalism ..Read Moreat Lady Shri Ram College For Women (DU). She is extremely curious about the world and wishes to visit all the countries once in her life. She identifies as a foodie and loves to spend her free time exploring different cuisine and curating new dishes. As a former Food Writer at NDTV, she can help you find the best places to eat in Delhi! Read Less