Spain has officially closed the investor visas (golden visa scheme) effective from April 3, 2024, according to the official statement from Ministry of Foreign affairs of the Spanish government. Their website reads
Investor visas will be abolished from 3rd April 2025. Applications will be accepted at BLS until 1st April.
Spain has terminating its golden visa scheme to stem rocketing house prices and promote affordable housing and pressure from European commission to gradually phase out golden visa schemes. In 2025, to counter the housing crisis, Spain has planned to impose a tax of up to 100% on the value of properties bought by non-residents from countries outside the EU, such as the UK.
From now on, investing in 500,000 euro real estate, 2 million euro public debt securities no longer qualify to receive visas for investments.
The Law 13/2014 has been voted by Senate, signed by Prime Minister Pedro Sanchez Perez was published on Jan 3, 2025 with the 3 month grace period until April 1, 2025. It will come into force after 3 months, published BOE gazette.
The GV program was first launched on Sep 27, 2013, ran successfully for 11 years and has injected 6+ billion euros into the economy.
