The Spanish Golden Visa has been a popular route for non-EU seeking a gateway to European residency. However, the Golden Visa termination was officially approved by the Spanish Congress on November 14, 2024, and is now awaiting Senate approval. If passed, the new legislation will end the issuance of new Golden Visas and time is running out for investors to take advantage of this golden opportunity.
What Is the Spanish Golden Visa?
The Golden Visa emerged as a sophisticated financial instrument allowing non-EU citizens to obtain residency in Spain by making qualifying investments. The most popular route has been investing €500,000 or more in real estate.
The program is particularly appealing to investors from the UK, Russia, the US, the Middle East, and beyond, offering them the ability to live, work, and travel within Spain and the Schengen Area.
The Countdown Begins: Golden Visa Termination
Those who have been contemplating Spanish residency must now make decisive moves. While the program remains active for now, no new visas will be issued once the law is enforced. Existing Golden Visa holders will still be able to renew their residency permits, and any applications submitted before the law comes into force will continue to be processed.
The most successful investors are those who recognise transformative moments. The Spanish Golden Visa’s closure is not just an ending, but a strategic opportunity. It represents a final chance to secure a foothold in one of Europe’s most dynamic property markets while simultaneously obtaining residency rights. Time is of the essence, with each passing day narrowing the window of opportunity for international investors.
If you’ve been on the fence about purchasing property in Spain or exploring other investment routes, now is the time to make your move. The Golden Visa program is a highly sought-after immigration tool, and once it’s gone, securing residency through investment in Spain will become much more complicated.
How Engel & Völkers Marbella Can Help You
At Engel & Völkers Marbella, we specialise in helping international investors navigate the Spanish property market and secure their Golden Visa before it’s too late. Our team of real estate experts in collaboration with CBC Law Firm can guide you through the process, from finding the perfect property to understanding the legal requirements for securing your visa.
If you have clients looking to take advantage of the Golden Visa before it ends, we are here to assist with advice, consultations, and property viewings.
Don’t let this opportunity pass you by. Contact Engel & Völkers Marbella today to find the perfect property and Santiago Lapausa Gonzalez from CBC Law Firm to take advantage of the Golden Visa before it’s gone for good.