Spanish National Elections are to be held in July 2023 and any Golden Visa Review is expected to be delayed until later in 2023.
The Spanish residency program has been an attractive option for many individuals seeking to live, work, or invest in Spain. However, recent developments in both the country and Europes´ political landscape and immigration policies mean that any review of this residency visa will be posponed. This blog post aims to shed light on two crucial aspects: the upcoming national elections scheduled for July and the delay in the review of the golden visa program until later in 2023.
- National Elections in July: The political climate in Spain is set to witness a major event as the country prepares for national elections in July. Elections serve as a pivotal moment for any nation, shaping its political future and influencing policy decisions. As Spain gears up for these elections, there is anticipation regarding potential changes that may impact the residency program and related policies.
- Overview of the Spanish Residency Program: Before delving into the details of the upcoming national elections, it is essential to understand the Spanish residency program’s significance. The program, commonly known as the golden visa, offers individuals from outside the European Union (EU) an opportunity to obtain residency in Spain by investing in the country’s economy, such as purchasing property, making capital investments, or starting a business.
- Delay in the Golden Visa Review: In the midst of political campaigns and preparations for the national elections, the Spanish government has announced a delay in the review of the golden visa program. Initially slated for review in 2023, this delay means that potential changes or updates to the program’s requirements and benefits may not be implemented until a later date.
- Implications and Speculations: The delay in the golden visa review has sparked various speculations and discussions among individuals interested in obtaining Spanish residency. While the exact reasons for the delay are not yet clear, it is important to consider the potential impact on applicants, investors, and the broader real estate market in Spain.
- The Importance of Staying Informed: Given the fluid nature of political landscapes and immigration policies, it is crucial for individuals considering Spanish residency to stay informed and up to date with the latest developments. Keeping abreast of any changes, whether related to national elections or the golden visa program, will help applicants make informed decisions and adapt their strategies accordingly.
The upcoming national elections in Spain scheduled for July and the delay in the review of the golden visa program until later in 2023 are two significant factors shaping the landscape of Spanish residency. As individuals explore the possibilities of obtaining residency in Spain, it is essential to stay informed, monitor any updates, and consult reputable sources for the most accurate and up-to-date information. Remember, being well-informed is the key to making sound decisions regarding Spanish residency and ensuring a smooth and successful application process.
Would you like to become a resident of Spain through investment?
At current the Golden-Visa Residency is still active and open for applications.
Permanent residency is obtained after 5 years of Spanish Residency through Self-Employed Residency or Non-Lucrative Residency or Residency through Investment. This followed by 5 years as a permanent resident and means you can then obtain Spanish Citizenship with a Spanish Passport.