The Organic Law 1/2025, of 2 January, on measures regarding the efficiency of the Public Justice Service, puts an end to the golden visa on 3 April 2025.
The golden visa, according to Law 14/2013, of 27 September, on support for entrepreneurs and their internationalisation, offers a residence visa to foreign citizens who make significant capital investments in Spain, with the aim of promoting investment in strategic sectors and contributing to economic development.
The organic law, in its twenty-first final provision, puts an end to this instrument by adopting the following measures:
- It renders void the following provisions of Law 14/2013: Articles 63, 64, 65, 66 and 67 of the Law.
2. It introduces two transitional provisions in Law 14/2013 (first and second) to regulate the situation of:
Applications submitted before 3 April 2025, indicating that the corresponding visa or authorisation may be received in accordance with the regulations in force on the date of submission of the application.
Renewals of visas and authorisations for investors for the acquisition of real estate, indicating that those valid on 3 April 2025 will remain valid for the period for which they were issued and that renewal applications will be processed and decided in accordance with the regulations in force on the date of granting of the initial authorisation.
If you think that your investments can qualify for a Golden Visa, we suggest that you get in touch with us as soon as possible.
What is the Golden Visa?
The requirements to benefit are set out in article 63 of Law 14/2013 of 27 September on support for entrepreneurs and their internationalisation:
1- Non-resident foreigners who intend to enter Spanish territory to make a significant capital investment may apply for a residence visa or, where applicable, a residence visa for investors for a period of one year.
2.- Significant capital investment shall be understood to be that which meets different assumptions, including any of the following assumptions:
(a) An initial investment of a value equal to or greater than:
- Two million euros in Spanish public debt securities, or
- One million euros in shares or holdings in Spanish capital companies with a real business activity, or
- One million euros in investment funds, closed-end investment funds or venture capital funds incorporated in Spain, included within the scope of Law 35/2003, of 4 November, on Collective Investment Institutions, or Law 22/2014, of 12 November, which regulates venture capital entities, other closed-end collective investment entities and management companies of closed-end collective investment entities, and which amends Law 35/2003, of 4 November, or
- One million euros in bank deposits in Spanish financial institutions.
b) The acquisition of real estate in Spain with an investment value equal to or greater than 500,000 euros per applicant.
Benefits of the Golden Visa
- Tax advantages: Golden Visas do not make you a taxpayer in Spain, unlike other visas in Spain. This is a unique advantage exclusive to Golden Visas. No other visa in Spain offers this feature. It is particularly attractive to wealthy investors who do not wish to pay taxes in Spain. However, if you spend more than 180 days in Spain each year, you will be considered a tax resident.
- The visa overrides the 90/ 180 day limit set by the EU for Schengen: It has clear rules: Initially valid for 3 years, and then renewable every 5 years. No minimum stay is required, unlike other visas.
- Acceleration: Gold Visa applications are fast-tracked, giving them priority over other visa applications that take months to process. The resolution of Golden Visas takes 3-4 weeks.
- Family Inclusion: Family members are included as dependants.
