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Spain to Halt Golden Visa Program for Non-EU Nationals by April 2025


Spain to Halt Golden Visa Program for Non-EU Nationals by April 2025

Spain has announced that April 3, 2025, will be the final date for non-EU nationals to apply for residency through the Golden Visa Program. This decision aims to address the country’s ongoing housing crisis by prioritizing affordable housing over speculative investments.

Important Information for Non-EU Investors

Attention, non-EU investors! Spain is set to end its Golden Visa Program, and the application deadline is fast approaching. This program allows affluent individuals from outside the European Union to obtain residency in exchange for significant investments. Don’t miss out on this opportunity!

Key Dates to Remember

  • Application Deadline: April 3, 2025 – This is the last date to submit your Golden Visa application.
  • Program End Date: The program will officially end on July 3, 2025, three months after its announcement in the Official State Gazette (BOE) on January 3, 2025.

Timeline of Events

  • November 14, 2024: The Spanish Congress of Deputies approved the proposal to abolish the Golden Visa Program.
  • December 2, 2024: The Spanish Senate vetoed the bill, causing a temporary delay.
  • December 2024: The Congress of Deputies re-approved the proposal with 177 votes in favor.
  • January 3, 2025: Spain’s Official State Gazette published Organic Law 1/2025, confirming the program’s abolishment.

This new law states that the Golden Visa Program will cease to exist three months after publication, granting applicants until April 3, 2025, to secure their residency.

Eligibility Before the Deadline

Non-EU nationals can still benefit from the Golden Visa Program until the deadline. To qualify, applicants must:

  • Invest in property worth at least €500,000.
  • Choose other eligible investment options under the scheme.

The most popular pathway involves purchasing high-value real estate, which offers residency benefits in return.

Reasons for Ending the Golden Visa Program

Spain’s decision to abolish the Golden Visa Program stems from efforts to combat the housing crisis. Prime Minister Pedro Sánchez emphasized the need to prioritize housing as a fundamental right rather than a speculative investment opportunity.

“We will ensure housing is not a mere speculative business but a right,” stated Sánchez. Plans to terminate the program were announced in April 2024 as part of broader housing market regulations.

Economic Impact of the Program

Introduced in 2013, the Golden Visa Program significantly boosted Spain’s economy. In the first ten months of 2024 alone:

  • 780 golden visas were issued.
  • The average investment per applicant was €657,204.

These figures highlight the program’s substantial economic contribution, particularly in the real estate sector.

Exploring Alternatives

While the Golden Visa Program is ending, other residency permit options may still be available for non-EU investors. Consider exploring these alternatives or consulting with an immigration specialist for personalized guidance.

Key Takeaways for Potential Applicants

  • Act Quickly: Submit your application before April 3, 2025.
  • Investment Options: Focus on properties or other eligible investments worth €500,000 or more.
  • Impact on the Housing Market: The abolishment aims to limit speculation and ensure affordable housing for residents.

Final Thoughts

The end of Spain’s Golden Visa Program marks a significant shift toward prioritizing affordable housing. Investors should act swiftly to secure residency before the April 3, 2025, deadline and explore alternative visa opportunities.

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