The Spain golden visa closes to new applicants today, 3 April 2025. Final provision 21 of Organic Law 1/2025 of 2 January, a wide-ranging law on the efficiency of the public justice service published in the Boletín Oficial del Estado on 3 January, leaves Articles 63 to 67 of Law 14/2013 on support for entrepreneurs without content. Under the law's final provision 38, that change takes effect three months after publication.
Corporate INTL Newsroom · Immigration & Citizenship
Spain Golden Visa Ends Today as Investor Residence Route Closes
By The Corporate INTL Newsroom · 3 April 2025
Articles 63 to 67 contained the whole investor regime: the residence visa for investors, how the investment was evidenced, the effects of the visa, the residence authorisation for investors and its duration. The consolidated text of Law 14/2013 now records each of them as being without content with effect from 3 April 2025.
What has been abolished
Until today, a significant capital investment could support a one-year investor visa and a subsequent residence authorisation. The qualifying investments were €2 million in Spanish public debt; €1 million in shares of Spanish companies with a real business activity, in Spanish investment or venture capital funds, or in deposits with Spanish banks; real estate in Spain worth at least €500,000 per applicant; or a business project accredited as being of general interest. All of those routes go, not only the property route.
Transitional rules
The law adds two transitional provisions to Law 14/2013. Investors and family members who applied before the change took effect can still receive the visa or authorisation under the rules in force when they applied. Investor visas and authorisations already valid keep their validity for the period for which they were issued, and renewal applications will be processed under the rules in force when the initial authorisation was granted. The second provision is headed as applying to investors who acquired real estate.
Who is affected
Non-EU investors who had planned to use the Spain golden visa must now look at other routes, such as the residence authorisation for entrepreneurs, highly qualified professionals or international teleworkers, which remain in Law 14/2013, each with its own requirements. Existing holders, and those with pending applications, should keep evidence of filing and of the original investment to rely on the transitional rules. Property developers and agents who marketed residence-linked sales to non-EU buyers also lose that channel.
Sources
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