Golden Visa: Latest Updates
· 2 min. read
The Golden Visa, a key legal benefit that facilitates residency for those making significant investments in Spain, remains a highly attractive option for those interested in the luxury real estate market. Although there has been discussion about the possible modification of this visa, as of today, there is no concrete date for its repeal, meaning it is still possible to take advantage of its many benefits.
This visa is an excellent way to obtain residency in Spain through real estate investment, allowing non-European Union citizens to acquire luxury properties while simultaneously obtaining residency permits. This mechanism has not only boosted foreign investment but has also provided access to unique opportunities in the Spanish real estate market.
How does the Golden Visa work?
The Golden Visa is available to investors who acquire real estate in Spain with a value of 500,000 euros or more. In addition to real estate investment, the visa can also be obtained by purchasing Spanish public debt, shares in national companies, or other forms of investment in the country.
Benefits of the Golden Visa
One of the main advantages of the Golden Visa is that it allows investors and their families to reside, work, and conduct business activities in Spain, without the restrictions of a tourist visa. It also offers the possibility to travel freely within the Schengen area, significantly expanding business and leisure opportunities in Europe.
Access to Spain's education and healthcare systems is another key benefit for those who obtain the Golden Visa. This allows families to enjoy an exceptional quality of life in a safe and highly developed environment.
Opportunities still available
At present, there is no definitive date for the repeal of the Golden Visa. Applications remain open, and those interested can still take advantage of this unique opportunity to establish themselves in Spain and enjoy all the benefits this program offers. At Christie’s International Real Estate Madrid, we are closely monitoring any legislative updates and will continue to provide our clients with the best advice to make informed decisions.
Do not hesitate to contact our team of experts for full assistance in your real estate investment process and in obtaining the Golden Visa.