Spain’s Official State Gazette (BOE) published the law confirming the Golden Visa program’s termination on April 3, 2025. The Spanish government has announced that the new regulation will come into effect three months after publication. This means that non-EU nationals have until April 3, 2025, to apply for a Golden Visa in Spain.
Prime Minister Pedro Sánchez announced the abolishment of the Golden Visa in April 2024, but it had a weak majority. After months of discussions, Members of Parliament approved the bill upon its return to Congress. Initially, the government officials suggested January 2025 as the program’s end date. However, the BOE recently published a Judicial Efficiency Law that has set the Golden Visa application deadline for April 3, 2025.
According to the prime minister, the reasoning behind the decision is housing market inflation and potential security risks associated with the program. In Spain, Golden Visa’s ending aims to address criticism about how the program affects property prices and claims of misuse.
This abolishment is not retroactive! It means that current Golden Visa holders and their family members can keep their residency rights in Spain when they renew their visas, even after the program ends.
With a €500,000 property investment, you can obtain a Golden Visa and enjoy its advantages. One of the main benefits is Schengen-free travel in Spain and across 26 European countries. Additionally, with a Golden Visa investment in Spain, you can include your family members in your residency application. Also, there are no strict rules about how long you must stay in Spain each year.
You can buy your new home abroad by the end of March and submit your applications before April 3, 2025, to take advantage of Spain residency by investment benefits, and they will be processed if you meet all the requirements. It is the last chance for a Golden Visa in Spain!
Do not miss out on this golden opportunity and contact our professional team to help you through the visa process! You can fasten the purchasing process from abroad with TeleProperty ®. Buying your home abroad may take you one step further on your application process. With our excellent professionals guiding you through every step of the way, you can own real estate without a hustle!
EUR
