End of Golden Visa in Spain: 3 April 2025.

The recent legislative change in Spain marks the end of the Golden Visa in Spain, or investor visas. This measure, regulated in Organic Law 1/2025, implies an important change for those seeking to reside in Spain through significant investments, especially in real estate, and obtain their Golden Visa. The Spanish Government has decided to put an end to the ‘Golden Visa’ programme, also known as investor visa, which allowed non-EU citizens to obtain residence authorisations through significant investments in the country. This measure, in force since 2013, has been repealed with the publication of Organic Law 1/2025 in the Official State Gazette (BOE) on 2 January 2025.

Deadline: The regulations establish that Golden Visa applications may only be submitted until the date of entry into force of this provision, which is set to be three months from the publication in the Official State Gazette, i.e. until 3 April 2025, granting a three-month transition period for interested parties to submit their applications for investor residence authorisation before the deadline. It is essential that investors and their foreign lawyers handle applications efficiently during this period to ensure their acceptance.

What will happen to Golden Visas already granted before the end of Golden Visa in Spain?

Authorisations or visas already granted will remain valid until the expiry of the initial period for which they were granted. Likewise, renewals will continue to be processed in accordance with the legislation in force at the time of the initial grant. This means that current investors will be able to maintain their status if they comply with the previously established requirements.

Golden Visas have been particularly popular in regions such as Málaga and nearby towns such as Nerja, where numerous foreign investors have acquired high-value real estate. With the repeal of this programme, it is essential that potential applicants act quickly and consult with legal professionals specialising in foreigners to ensure that the requirements and deadlines are met.

How to manage applications before the end of Golden Visa in Spain?

For those who wish to start the process, it is essential to act quickly. In Malaga and Nerja, cities with a high volume of property investor visas, it is advisable to contact specialised immigration lawyers in Malaga and Nerja to ensure proper submission of the application and to avoid problems with deadlines. The preparation of documentation, such as proof of investment, medical insurance, criminal record, etc, should be a priority.

It is important to note that Golden Visa applications submitted before the entry into force of the new law will be processed in accordance with the regulations in force at the time of submission. In addition, renewals of existing visas will be processed according to the current provisions.

Conclusion

In conclusion, the end of Golden Visa in Spain marks a significant change in investment immigration policy. Those interested in obtaining an investor residence permit should act diligently and seek specialist legal advice to ensure the success of their applications before 3 April 2025. This legislative change transforms the Golden Visa landscape in Spain. If you are in the process of applying for or renewing a Golden Visa, seek immediate legal advice to ensure that your case meets the requirements set out before the closure of this programme. Malaga and other locations in Andalucía, such as Nerja, will continue to be key points of interest for investors, even with new regulations.

If you want to?buy a property, business premises, building or parking, or sell a property in Malaga, and you want to avoid problems following the purchase of a property in Malaga, in the?Law Firm Pérez Parras Economists and Lawyers in Málaga?we are?expert lawyers in the purchase and sale of properties in Malaga and Nerja, with a team of?lawyers?and?economists?bilingual English / Spanish?who can advise you to avoid surprises in the purchase of your property. We have?offices in the centre of Malaga?and?Nerja. Do not hesitate to contact us and ask us for a quote to accompany you in the process of buying or selling your property. We will?prepare and review your earnest money contract?after ensuring that the purchase you wish to make is viable and secure, without hidden charges of any kind, and we will help you and deal with all the?taxes associated with your property purchase and sale operation in Málaga,?optimising?for example the?IRPF to pay if the property comes from an inheritance, advising you until the end of your?purchase, or sale of the property, including the?tax declaration, whether you are resident or?taxed as a non-resident, and any other procedure with the Administration or Land Registry. You should also know that with the?purchase of your property worth at least 500,000 euros in Spain we can help you to process your Golden Visa Investor Residence Permit?for you and your family members. Equally, if you have any difficulties following the sale or purchase of a property, please do not hesitate to contact us so that we can advise you and defend you in or out of court if necessary. If you are a?highly qualified professional in Malaga?and wish to?purchase your property in Malaga, we will also advise you in every step of the purchase process, ensuring that the property you wish to buy and the investment you wish to make will not cause you any problems, protecting your interests,?organising your taxes and taxation as a highly qualified professional, so that you can develop your professional career and settle your life and your future in?Malaga or Nerja?with all the guarantees of the best legal advice.