Golden Visas to End in Spain from April 3rd 2025
Starting April 3, Spain will no longer offer “golden visas” as a pathway to residency in Barcelona or the rest of the country. This program was introduced in 2013 amid the financial crisis and aimed to attract foreign investment.
Under Act 14/2013, foreign nationals could obtain residency by investing in business projects, financial assets, or real estate worth over €500,000. Property investment was by far the most popular of these options, accounting for over 90% of all golden visas issued.
Addressing Housing Market Challenges
Since 2022, applications for golden visas have surged, particularly in cities such as Barcelona, Madrid, Málaga, and Valencia—places where housing markets are under strain, making it harder for residents to find affordable homes.
That same year, the European Commission urged countries to abolish golden visa programs to curb money laundering and security risks. In response, Ireland, Cyprus, and Portugal scrapped their schemes—now, Spain is following suit.
What Happens to Existing Applications and Visas?
On November 14, Spain’s lower parliament approved an amendment to the Framework Act on Judicial Efficiency, repealing the provisions governing golden visas. However, this change will not take effect until April 3, 2025.
Applications submitted before this deadline will be processed under existing regulations. Visas already granted will remain valid until their expiration, and renewals will follow the legal framework that applied when the initial permit was issued.
A Continued Path for Entrepreneurs
Act 14/2013—often called the “Entrepreneurs’ Act”—originally covered five categories: investors, entrepreneurs, researchers, highly qualified professionals, and intra-company transferees. In 2022, the “Start-ups Act” added a sixth category: digital nomads.
From April 3, the investor category will be removed, but the other pathways will remain, ensuring a streamlined process for non-EU nationals with entrepreneurial ambitions. The goal is to attract innovative and economically beneficial business projects—whether through new business models, proprietary technology, patents, or high-growth potential.
Additionally, Spain will continue to prioritize scalable ventures, considering factors such as market demand, competition, company development stage, and team composition.
If you need support with your immigration check our services and please do not hesitate to reach out if you have any questions or concerns.
Further Readings:
Check out our previous articles about the Golden Visa:
1- What is a Golden Visa? Learn all about it here.
2- Is it the End of Golden Visas in Spain?
