Golden Visa program in Spain, a popular option for investors seeking residency through property purchases, is set to end on April 3rd, 2025.
This change will undoubtedly impact both potential residents and maybe effect a part of the real estate market.
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In this post we cover the following: (click any section to see its content)
Golden Visa Program in Spain:
- SHIFTING PRIORITIES: WHY IS THE GOLDEN VISA ENDING? »
- IMPACT ON INVESTORS »
- UNCERTAINTIES FOR THE REAL ESTATE MARKET »
- ALTERNATIVE RESIDENCY OPTIONS »
- CONSULTING WITH IMMIGRATION SPECIALISTS> »
- SPAINRESIDENCY.COM: YOUR GATEWAY TO SPANISH RESIDENCY »
- GET ADVICE ON THESE LATEST DEVELOPMENTS »
- ALL TYPES OF RESIDENCY AVAILABLE IN SPAIN »
- SCHEDULE AN APPOINTMENT WITH A SOLICITOR »
WHY IS THE GOLDEN VISA ENDING?:
The Spanish government’s decision to abolish the Golden-Visa residence program stems from concerns about rising housing costs and a desire to make property ownership more accessible to local residents.
The influx of foreign investors, particularly those seeking Golden Visas, has been linked to increased property prices in some areas.
IMPACT ON INVESTORS:
The ending of the Golden Visa program has significant implications for potential residents:
- Limited Window of Opportunity: Investors have until April 3rd, 2025 to submit their applications under the current program. Applications received after this date will not be considered.
- Continued Processing of Existing Applications: Applications submitted before the deadline will continue to be processed following existing regulations.
UNCERTAINTIES FOR THE REAL ESTATE MARKET:
The impact of the Golden Visa program’s termination on the real estate market remains to be seen. Some experts predict a potential decrease in property prices, particularly in areas popular with foreign investors. However, the overall effect is likely to be modest, as Golden Visa applications accounted for a relatively small portion of total property transactions.
ALTERNATIVE RESIDENCY OPTIONS:
While the Golden Visa program is ending, other residency options may still be available for non-EU investors. These alternatives might include:
- Non-Lucrative Visa: This visa option is suitable for individuals with sufficient income to support themselves without relying on employment in Spain.
- Entrepreneurship Visa: This visa is designed for individuals who plan to establish a business in Spain.
CONSULTING WITH IMMIGRATION SPECIALISTS:
Given the changing landscape of Spanish residency options, it’s crucial to consult with an immigration specialist for personalized guidance.
This will allow us to help you explore alternative residency programs, that best suit your circumstances and goals.
SpainResidency.com: YOUR GATEWAY TO SPANISH RESIDENCY:
SpainResidency.com is a comprehensive legal resource for individuals seeking residency in Spain.
We provide up-to-date information on various residency programs, including the latest developments regarding the Golden Visa. Our team of expert lawyers can assist you in navigating the residence application process and ensure a smooth transition to your life in Spain.
Don’t miss the deadline! If you’ve been considering obtaining residency in Spain through the Golden Visa program, act swiftly to submit your application before April 3rd, 2025. Explore alternative residency options and seek professional guidance to make informed decisions about your future in Spain.
GET ADVICE:
Don’t miss this limited opportunity! click-here » to contact us today.
As with any legal process, it’s best to consult with an immigration specialist before starting, as this will ensure your application is accurate and complete.
ALL TYPES OF RESIDENCY AVAILABLE IN SPAIN:
- Golden-Visa Spain (residence in Spain by investment)
- Non-Lucrative visa Spain (Spanish visa non lucrative)
- Self-Employed visa Spain (self employed expats in Spain)
- Digital-Nomad visa Spain (remote worker in Spain)
Please see-here our video-blog with options and legal-advice to obtain residency in Spain.
Remember that immigration procedures and immigration regulations change regularly, so it’s crucial to stay updated with the latest information from reliable sources. If you have specific questions or concerns about your situation, it’s advisable to consult with immigration authorities or legal professionals specializing in immigration matters, to do this, please click-here »
DO YOU REQUIRE ASSISTANCE TO APPLY FOR RESIDENCE OR CITIZENSHIP IN SPAIN?
We are a Spanish Solicitor and assist our clients with all types Spanish legal processes.
Permanent residency is obtained after 5 years of Spanish Residency through Self-Employed Residency, Digital-Nomad, Non-Lucrative Residency or Golden-Visa. This followed by 5 years as a permanent resident in Spain and means you can then obtain Spanish Citizenship with a Spanish Passport.
