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Spain’s Golden Visa program is nearing its end, and many investors are asking what this means for their plans. The latest update comes from the approval of the Organic Law Bill on the Efficiency of Public Justice Services and Collective Action. This new legislation, aimed at protecting consumers in the real estate market, includes a clause to eliminate the Golden Visa entirely.
Option Trip – Once the law is fully approved and published in the Official State Gazette (BOE), the Golden Visa will no longer be granted for investments in public debt, shares in Spanish companies, participation in investment funds, bank deposits, business projects of general interest, or property acquisitions. This decision marks the end of Spain’s residency-by-investment program, including the popular real estate investment route.
While an exact implementation date has yet to be confirmed, the law is expected to come into effect in early 2025, likely in January. This makes 2024 the final year to submit applications under the current framework. If you