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Last chance to obtain the Golden Visa

Last Opportunity to Get a Golden Visa in Spain: Everything You Need to Know in 2025

 

What is the Golden Visa? How long can you take advantage of its benefits?

The Golden Visa program in Spain, implemented in 2013, allows non-European Union citizens to obtain residency in exchange for significant investments in the country, such as purchasing real estate worth at least €500,000.

However, on January 3, 2025, the Official State Gazette (BOE) published Organic Law 1/2025, which eliminates this program. Although the measure will take effect on April 3, 2025, you still have the coming months to obtain the Golden Visa by purchasing a property on the Costa del Sol that meets the stipulated requirements.

Since its approval, the Golden Visa in Spain has been a key driver in attracting foreign investment in the real estate sector. To date, more than 14,500 Golden Visas related to property investments have been granted, mainly benefiting citizens from countries such as the United States, United Kingdom, Ukraine, China, Russia, Venezuela and Mexico. This program has particularly favored provinces such as Barcelona, Madrid, Malaga, Alicante, the Balearic Islands and Valencia, which account for 90% of the authorizations granted throughout Spain.

The impact is evident in the real estate market. In 2023, the purchase of homes by foreigners experienced a significant increase, especially in the most sought-after regions. For example, in Marbella, purchases linked to the Golden Visa represented 7.1% of the total number of transactions; in Barcelona, they reached 5.3%, and in some municipalities of the Balearic Islands, they exceeded 10%.

You have time to benefit from this program if you make your investment before the deadline. Purchasing a property on the Costa del Sol worth at least €500,000 not only guarantees legal residency but also represents an investment in one of the most exclusive and sought-after areas in Spain. Visit our website at somosbios.es/en/properties to explore a carefully curated selection of homes or contact us directly to receive personalized advice.

 

Alternatives to Obtain Residency in Spain

With the Golden Visa’s removal, foreign investors who wish to reside in Spain can consider other options, such as:

  • Residency for highly skilled professionals: Designed for individuals with expertise in specific sectors of interest to Spain.
  • Residency for international remote workers: If you work remotely for a company outside of Spain, you can apply for this visa, which allows you to reside in the country while working.
  • Residency through social or family ties: Available to individuals who have lived in Spain for an extended period and have family or social connections in the country.

Each alternative has its own requirements, so it’s crucial to seek professional advice to identify the best option for your situation.

 

Take advantage of the last chance to get your Golden Visa!

You can still take advantage of its benefits by purchasing a property worth more than €500,000 before April 3, 2025. Doing so will grant you residency in a country full of opportunities while making a solid investment in one of Europe’s most exclusive regions.

Explore our selection of properties at somosbios.es/en/properties and contact us today. Our team will be delighted to recommend the perfect home for you and guide you through the entire process. The time to act is now!