Spain Golden Visa Program Ended (2026)
No new investor residence applications have been accepted since 3 April 2025
The Program Has Ended
Spain's residence visa for investors — widely known as the Golden Visa — was abolished by Organic Law 1/2025. The twenty-first final provision of that law left articles 63 to 67 of Law 14/2013 without content, and the change took effect on 3 April 2025. Applications submitted on or after that date are not accepted, and buying property in Spain no longer opens a route to residence.
- New investor residence applications are no longer accepted.
- Applications filed before 3 April 2025 continue to be processed under the rules in force on the date they were submitted.
- The investor category no longer appears among the authorisations handled by the Large Companies Unit.
Real Estate Investment in Spain
Foreign nationals can still buy property in Spain, and the market remains open without restriction. What changed is the legal effect: a property purchase no longer grants a residence permit, at any value. Any offer that presents Spanish property as a route to residence today is inaccurate.
Rights of Existing Investors
The repeal is not retroactive. The Ministry of Inclusion, Social Security and Migration published management criteria on 10 June 2025 setting out how existing files are handled:
- Permits already granted remain valid for the period for which they were issued.
- Renewals are accepted in full, provided the initial authorisation met every requirement when it was granted.
- Family members holding residence in force after 3 April 2025 keep it. Applications made after that date — including for marriages or births that occur later — go through the general immigration regime instead.
- The right of residence is strictly personal. It cannot be passed on by inheritance, donation or any transfer made after 3 April 2025 in order to justify the investment.
- A change of nationality does not affect the initial authorisation, and an extension remains possible, provided the change was notified properly and on time.
- Converting the investment keeps the permit if the move is between non-property categories, or from property into another category while respecting the minimum amounts. Converting another investment into property is not accepted.
These criteria are applied by the authorities case by case. If you already hold an investor permit, have your file reviewed before your renewal date.
Alternative Residence Programmes
Spain continues to run residence routes that are not tied to investment. Each has its own conditions, and the right one depends on whether you plan to work, run a business or live on your own means.
Non-Lucrative Residence Visa
For those who can support themselves without working in Spain. The financial threshold is set as a percentage of the IPREM index — 400% for the main applicant plus 100% for each dependent — and the visa does not authorise work.
International Teleworker (Digital Nomad)
For those working remotely for employers or clients based outside Spain, under the international teleworking route of Law 14/2013.
Entrepreneur
For those establishing a business project in Spain judged to be of general interest, assessed on the project rather than on a fixed investment amount.
Highly Qualified Professional / EU Blue Card
For qualified professionals with an offer from a company in Spain, processed by the Large Companies Unit.
Researcher
For those working with a research body, university or centre recognised in Spain.
Intra-Company Transfer (ICT)
For employees posted to Spain within the same group of companies.
Thresholds and documents for these routes are set by the Spanish authorities and reviewed periodically. We confirm the current conditions before any application.
Golden Visa Programmes by Country
Official sources: BOE — Organic Law 1/2025; Ministry of Inclusion, Social Security and Migration
This page reflects Organic Law 1/2025 and the management criteria published by the Ministry of Inclusion, Social Security and Migration on 10 June 2025. Immigration rules are set by the Spanish authorities and can change.
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