End of Golden Visa in Spain raises questions about the future of investment mobility in Europe
The closure of Spain’s Golden Visa program, scheduled for April 2025, reignites the debate over the future of residency-by-investment programs in the European Union. The decision signals a growing review of these policies in several European countries — while also opening space for more modern and effective models. Read the full article on here.
What is behind this change?
- The drop in the number of requests indicates a loss of attractiveness of the Spanish model: from 3,273 requests in 2023 to just 342 in 2024.
- Criticism of poorly structured programs does not prevent other countries, such as Hungary, from launching new models in 2024, reinforcing the trend towards modernization and audience segmentation.
- When well designed, investment programs generate real benefits: they attract strategic capital, boost sectors such as technology and culture, and can even alleviate housing crises.
And what does this mean for investors?
This scenario reinforces the importance of seeking solid programs, with legal certainty and alignment with local public policies. For many investors, Portuguese nationality through the Sephardic route continues to be a strategic alternative with lasting benefits.
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