The Spanish government has officially announced the termination of the Golden Visa – investor visa scheme. This significant change, published in the Spanish Official Gazette on 3 January 2025, will come into effect on 3 April 2025. This update provides crucial information on the upcoming changes and their implications for non-EU/EEA clients considering this route to residency in Spain.
The Spanish Golden Visa scheme, which has been a popular pathway for non-EU/EEA investors to obtain residency in Spain, will be eliminated from 3 April 2025. Applications submitted before this date will be processed under the existing rules, and any visas or residence permits granted before 3 April 2025, will remain valid until their expiration. Renewal applications for existing Golden Visas will continue to be assessed based on the regulations in place at the time of the initial grant.
This change means that there are only three months left to submit new applications under the current scheme. Non-EU/EEA clients who are considering this option should urgently consult with an immigration lawyer to understand their options and ensure their applications are submitted in time.
The removal of the Spanish Golden Visa scheme marks a significant shift in Spain’s immigration policy. Advisers should proactively reach out to their clients who may be affected by this change to provide guidance and support. With the deadline fast approaching, timely action is essential to navigate this transition smoothly.