The Spanish Official Gazette (BOE) published Organic Law 1/2025 in early January, which seals the end of the “Golden Visa” in Spain.
The law, according to its own provisions, will come into force “three months after its publication in the Official State Gazette”, so April 3, 2025 has been set as the final date for new applications.
King Felipe VI signed the law, which repeals Articles 63 to 67 of Law 14/2013 – the legal framework that created the Spanish “Golden Visa” in 2013.
The BOE text guarantees protection for existing applicants. Investors or family members of investors who submit their complete application before the April deadline “may obtain the visa or authorization in accordance with the regulations in force at the time of application”.
“Golden Visa” holders also retain their rights. The BOE confirms that “visas and permits for investors through real estate acquisition valid on the day this transitional provision comes into force” will remain valid for the “period for which they were issued.”
Prime Minister Pedro Sánchez already pushed for the closure of the program in April 2024, citing inflation in the real estate market and possible security risks.
The Popular Party (PP) majority in the Senate had temporarily halted progress with a veto on December 2, but Parliament overrode opposition, with 177 MPs voting for closure and 170 against.
TCME – Group worldwide is a leading professional international foreign trade relations investment and consulting firm, with 17 different departments spread in different countries around the world, with its head office in Malaysia.
We’ve helped thousands of people take their businesses abroad, legally reduce their taxes, and become dual citizens. We focus on high-net-worth individuals and their families as well as businesses, where we design and implement bespoke, holistic strategies for successful investors and entrepreneurs to legally reduce their tax burden, diversify and protect their wealth, invest abroad, a second citizenship and to live a freer life worldwide.
Another special area of our full-service consulting is the investment opportunity and solution in Europe, especially in the Balkans, Africa, Asia, the United Arab Emirates, the Caribbean and the Pacific.
If you are looking for it, please feel free to contact us. We create a holistic plan that serves your purpose.
The TCME Group Worldwide as well its partner in Vanuatu are accredited, licensed and authorized agents and facilitators of the Government of Vanuatu for the citizenship programs of the VDSP and the CIIP in Vanuatu.
GCI UNIT Worldwide by TCME Worldwide Group, designs and implements customized, holistic strategies for successful investors and entrepreneurs to legally reduce their tax bills, diversify and protect their wealth, invest abroad, gain a second citizenship and live a freer life worldwide to lead.
YOUR CHANCE FOR A BETTER LIVE
TCME Worldwide Group firm is a leading professional International Business Investment and Advisory Firm for Foreign Economic Relations. Our range of services includes:
Offshore and Onshore Company Formation,
international Business & Management
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If you would like to discuss your internationalization and diversification plans, book a consulting session* or email us under: [email protected]
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