The Spain Golden Visa programme, introduced in 2013, formerly allowed foreign nationals to gain residency through a minimum investment of €500,000 in Spanish real estate. This facilitated residency for the investor and their family (spouse and dependent children). Initially, the visa required renewal every two years, and after five years, investors could obtain permanent residency, with the possibility of citizenship after ten years, contingent upon establishing permanent residence in Spain.
Termination of the Spanish Golden Visa in 2024
As of 9th April, the Spanish government has terminated the Golden Visa programme for real estate investors. This decision aligns with national efforts to focus on creating more affordable housing options for residents and redirect investment flows to other areas that may benefit the broader economy.
Guidance for Potential Investors
With the termination of this pathway, potential investors looking to engage with Spain might consider other routes or programmes, which could involve different forms of investment. It is advisable for those interested to seek current and comprehensive legal guidance to explore alternative opportunities. This change marks a significant shift in Spain's approach to foreign investment and residency planning.
