Spain to Officially Terminate Its Golden Visa Program in April 2025

Spain to Officially Terminate Its Golden Visa Program in April 2025

Key Takeaways

  1. Wealthy foreign nationals can apply for Spain’s Golden Visa Program until April 3, 2025.
  2. The decision to discontinue the program was published in Spain’s Official State Gazette (BOE) on January 3, 2025, and will take effect three months after the publication.
  3. The Spanish Congress approved the termination of the Golden Visa Program in December 2024.

The final date for applications for non-EU nationals seeking residency in Spain through the Golden Visa Program is April 3, 2025.

In December 2024, Spain’s Congress of Deputies voted to abolish the Golden Visa Program, passing the proposal with 177 votes in favor and 170 against.

On January 3, 2025, Spain’s Official State Gazette (BOE) published Organic Law 1/2025, confirming the termination of the program. The law stipulates that the change will take effect three months after publication.

Thus, wealthy investors from outside the European Union will be able to buy property valued at €500,000 or more in exchange for a Golden Visa, the most well-known option of the program, or choose other available options until April 3, 2025.

Spanish Senate Initially Vetoed the Bill on December 2 After being approved by the Spanish Congress of Deputies in December 2024, the decision to end the Golden Visa Program was prepared for publication in the Official State Gazette (BOE).

The proposal was first approved by the Congress on November 14, 2024, before being sent to the Senate. On December 2, 2024, however, the Spanish Senate vetoed the bill to abolish the Golden Visa Program.

In April 2024, Spanish authorities announced plans to end the program, with Prime Minister Pedro Sánchez emphasizing that measures would be taken to ensure housing remains a right, not just a speculative business.

Golden Visa Program Termination Tied to Housing Crisis Spain’s decision to end the Golden Visa Program aims to better address the country’s ongoing housing crisis.

Launched in 2013, Spain’s Golden Visa Program has played a crucial role in the country’s economy. In the first ten months of 2024 alone, 780 Golden Visas were granted, with an average investment of €657,204 per applicant.

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