Last Chance: Spain Golden Visa Closing 2025

Spain’s popular Golden Visa program may be closing sooner than we thought, as recent legislative progress moves it closer to an expected end by January 2025. The Government first announced their intentions to close the program back in July. On November 6th, a Parliamentary sub-group advanced the draft law, which includes a proposed amendment affecting Law 14/2013—the foundation of the Spain Golden Visa. This amendment, currently under review by Congress, is likely to pass swiftly with the support of majority parties. If approved, the bill will head to the Senate, where its future will be debated further. If all these steps are passed swiftly, then experts are estimating that the program could close as early as January 2025.

For those unfamiliar, Spain’s Golden Visa program has been highly successful over the last 11 years and over 15,000 international investors have secured residency through property investment. The programme offers a straightforward path to residency through a minimum €500,000 investment in real estate. The process is designed to be efficient, typically granting residency within 3 to 4 months. Spain has made this program particularly attractive for Latin American investors, who can qualify for citizenship following just two years of residency. Investors from other regions can qualify after ten years of full time residency.

With these potential changes on the horizon, we urge investors considering the Spain Golden Visa to act promptly. While the current program remains active, there is now limited time left to select a property and submit your Golden Visa application. If you are looking for a substitution to Spain, then we highly recommend the Portuguese Golden Visa program as an attractive alternative.

For more details on how to move forward and to invest in Spanish real estate through La Vida, please get in touch with our experts.