A bill which includes the legislation to officially end the golden visa scheme has been vetoed by the Spanish Senate, potentially putting a snag in plans to phase out the scheme. Applications where due to end in January 2025.
The golden visa grants non-EU nationals residency in Spain when they buy property worth over €500,000.
It was back in April when Prime Minister Pedro Sánchez first announced the government’s intention to cancel the visa. Since then, there has been a rush of applications.
A total of 573 golden visas have been issued to non-EU citizens since April 2024. Between January and October 2024, the number of golden visas granted totalled 780, with an average investment of €657,204 per applicant.
For many non-EU foreigners wanting to move to Spain, the cancellation of the golden visa would represent the end of the ‘best’ visa option available to them.
The golden visa is the only residency scheme in Spain which doesn't require you to spend at least 183 days in the country to hold onto your residency rights. Holders can spend as much time away from Spain as you wanted and still retain the right to return. Only one day in Spain a year to renew the visa is required.
That will remain the same for those who have a golden visa (the scheme's cancellation won't be retroactive)
At Holiday Homes Spain, we have a wide range of properties which qualify for golden visa applications. Visit our website here:- [ Ссылка ]
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