Golden visa in Spain

- Spain Golden Visa Programs are closing soon in March 2025 -

Congress in Spain approved legislation for the Golden Visa by property investment on September 27, 2013. The golden visa grants automatic residency in Spain when you purchase property for 500,000€. The property can be any type of : home, commercial, land, or a combination of properties. As opposed to the wealth visa, the Golden Visa by property investment does not require you to be in Spain min. 183 days of the year.

Spain Golden Visa Real Estate Pathway Still Open:

Act Before March 2025

Despite speculation about the imminent closure of Spain’s Golden Visa Program, the real estate investment pathway is still open and accepting applications. Recent developments provide clarity on the legislative timeline and highlight the urgency for investors to act now.

What’s Happening with the Golden Visa Program?

On November 14, 2024, Spain’s Congress of Deputies approved a bill to eliminate the real estate pathway, the program’s most popular option. The government cites its role in driving up property prices in cities like Madrid, Barcelona, Málaga, and Valencia as a key reason for the change.

The proposed changes to eliminate the real estate investment route have passed Spain’s Congress and are now under review by the Senate. The Senate, controlled by the ruling party, has indicated it may vote against completely terminating the program.

However, if the Senate approves the termination, the process will involve:

Senate Vote and Publication: The law will be published within days of the Senate’s approval.
Three-Month Transition Period: By law, any changes will take effect three months after publication.

This means the earliest likely closure of the program would be mid-March 2025.

Uncertainty About Other Investment Options

While the focus is on abolishing the real estate route, the bill does not address alternative investment pathways like business development or capital transfers. Their future remains unclear, leaving potential investors waiting for more guidance.

Current Status of the Program

Applications are still being accepted for the real estate investment route.
Investors can submit their applications under current rules until the law is published and the three-month transition period expires.
Residential property purchases must be selected and funded by the end of 2024, while commercial property deals have until January 2025.

What’s Driving the Urgency?

The real estate pathway has been the program’s most popular option, enabling investors to acquire Spanish Residences by Investment by purchasing property worth at least €500,000. Recent announcements underscore the need for swift action:

If the program closes, applications submitted after the effective date will no longer qualify.
The window for onboarding new clients may end as early as March 2025.

CITINAVI by The Consultant PARIS & local partners, lawyer, experts of Spain offer a combined golden visa services to perform all the legal work involved in the property purchase as well as the documentation work to obtain residency in Spain. We have longstanding expertise in both fields: Our network partners have performed the legal work for some hundreds property transactions and helped families obtain residency. Our Barcelona, Madrid experts partners specialize in hunting for properties that will yield the highest return on investment.

In 2015, the golden visa experienced an easing in the criteria for its concession and renewal. The government has also expanded the beneficiaries to include unmarried couple and children of the buyers who are over 18.

For any questions about the Spanish golden visa, please contact us.

citinaviglobal@gmail.com

What are the process to get a Golden Visa by property investment ?

CITINA by The consultant PARIS apply your travel visa and organize accompanied visits to look for a property. Once the pre-agreement is signed and corresponding funds are deposited, we'll apply for the golden visa. In case necessary, the authorities can grant you a permit for six months so you can complete the process of buying your property. If your golden visa application is accepted, you will receive a visa for one year. As opposed to other visas, the golden visa application can be presented while you are in Spain. After receiving your golden visa, you can keep renewing the visa, as long as you do not sell your property. Please contact us for further inquiery to understand the steps to buying a property.

Question 1

I have chinese passport. Can I travel to other countries in Europe?

Yes, you are free to travel to the Schengen countries of Europe.

Question 2

How long do I have to stay in Spain?

With the Golden Visa, you only need to visit Spain once during each residency period.

Question 3

Can I work in Spain with the golden visa?

Yes. As opposed to the wealth visa, with this Golden Visa by property investment you can be employed in Spain.

Question 4

How long before I can become a Spanish citizen?

The Golden Visa by property investment will not automatically get you on track for Spanish citizenship. To receive Spanish citizenship, you need to have lived in Spain 183 days per year for a minimum of 10 years. If you decide you want to work towards citizenship through Golden Visa by property investment please contact us.