On 14th November, the Congress of Deputies in Spain approved a bill to end the real estate investment options from the country’s Golden Visa Programme. We reported earlier in the year the expected demise of this route to residency (Portugal has done similarly).
As the bill has yet to be submitted to the Senate for amendments, and following that, on to Congress for final approval, the exact end date for Golden Visa Real Estate Investment is not yet known. However, is what it relatively safe to assume it that it will be early in 2025.
A reminder that the Real Estate Investment is a single person investing net €500,000 or more in Spanish property as well as meeting several other conditions.
If you are considering a level of real estate investment in Spain in excess of €500,000 our recommendation is to contact us as soon as possible. We will be able to advise upon the current situation regarding future application.
The Golden Visa Programme is not being scrapped
The Golden Visa programme itself well remain in place with alternative investment options including:
- €1,000,000 shares in Spanish companies
- €2,000,000 in Spanish Government Bonds
Other residency programmes that might also be of interest are the non-lucrative visa and digital nomad visa.
