Golden Visa of Spain Update
Spain has officially terminated its Golden Visa program, which granted residency to non-EU nationals in exchange for significant investments, particularly in real estate. This decision, aimed at addressing housing affordability and speculation concerns, will take effect on April 3, 2025. Key Details Termination Date: The program will cease on April 3, 2025, three months after the publication of Organic Law 1/2025 in the Official State Gazette on January 3, 2025. Impact on New Applications: No new Golden Visa applications will be accepted after the termination date. Applications submitted before this date will be processed under the current regulations. Existing Visa Holders: Individuals who already possess a Golden Visa will retain their residency rights. Renewals of existing visas will continue under the current conditions, allowing for successive five-year renewals, provided the original investment criteria are maintained. Alter...