Spain eliminates the Golden Visa: what does this mean for foreign investors?

The Spanish Congress of Deputies recently approved the bill that puts end to Golden Visas, residence permits for foreigners who do not belong to the European Union and who have made significant investments in the country.

This system, which allowed obtaining a visa with the purchase of properties worth more than 500 thousand euros, as well as investments in public bonds and business projects, will be discontinued after its final approval in the Senate.

Details of the change and its impact

Since 2016, more than 11,000 Golden Visas have been issued in Spain, with investors from various sectors. The elimination will only affect new applicants, while those who already have the visa or applied for it before the law came into force will not be impacted.

Experts believe that the impact on the real estate market will be limited, although the country will lose an important attraction for foreign capital.

Countdown to apply for your Golden Visa

The Golden Visa program in Spain will be available until 2025, but the time is limited. This visa offers exceptional benefits, such as the possibility of extending the right to family members, protecting your assets in a stable environment and enjoying an unparalleled quality of life in one of the safest countries in the world.

At Martins Castro we have specialists in international mobility and European nationality to help you secure your Golden Visa before the end of the program. Click here and make this dream come true with the support of a dedicated and professional team..