HEALTHPLAN MAGAZINE

A Guide to Spain’s Golden Visa (2025) – Last Chance Before It Ends

Introduction

Spain’s Golden Visa program has been a popular residency route for non-EU citizens looking to live, work, or invest in the country. However, as of April 3, 2025, the Spanish government will officially terminate the Golden Visa program, in line with efforts to address housing affordability and market stability.

This guide explains the final opportunity to apply before the deadline, along with eligibility requirements, investment options, and alternative residency routes after the Golden Visa ends.

Spain’s Golden Visa – What Is It?

Spain’s Golden Visa (Visa de Residencia por Inversión) was introduced in 2013 to attract foreign investors. It grants residency in Spain in exchange for qualifying investments, such as real estate, business projects, or financial assets.

The visa is initially valid for one year, with the possibility of renewal every two years. After five years, investors can apply for permanent residency, and after ten years, they may be eligible for Spanish citizenship.

However, the Spanish government has confirmed the program will be abolished on April 3, 2025. Those interested must apply before this date to take advantage of the opportunity.

Key Benefits of the Golden Visa (Before April 2025 Deadline)

• Residency for the whole family (spouse and dependent children)

• No minimum stay requirement (live in Spain or travel freely)

• Visa-free travel within the Schengen Zone (27 EU countries)

• Work authorization in Spain for the main applicant and family members

• Pathway to permanent residency and citizenship

• Attractive tax benefits (if staying less than 183 days per year)

Who Can Apply for the Golden Visa Before It Ends?

• Be a non-EU, EEA, or Swiss citizen

• Be at least 18 years old

• Have no criminal record in Spain or any country you’ve resided in the past five years

• Make a qualifying investment (real estate, capital investment, or business)

• Have private health insurance from a Spanish provider

• Provide proof of sufficient financial means to support yourself and any dependents

Investment Options (Final Window for Applications)

• Real Estate Investment – Purchase property in Spain worth at least €500,000 (one or multiple properties).

• Capital Investment – Invest €1 million in Spanish company shares or funds, deposit €1 million in a Spanish bank, or invest €2 million in government bonds.

• Business Project Investment – Establish a business in Spain that creates jobs or contributes to economic growth.

How to Apply Before April 3, 2025

• Prepare Documents: Passport, proof of investment, Spanish private health insurance, financial means, and criminal record certificate.

• Submit Application: Apply via a Spanish consulate or in Spain.

• Approval & Residency Card: Receive a one-year visa, then apply for a TIE (Tarjeta de Identidad de Extranjero).

• Renewal & Permanent Residency: After five years, apply for permanent residency.

What Happens After April 3, 2025?

• Existing Golden Visa holders will retain their residency rights.

• Pending applications submitted before April 3, 2025, will still be processed.

Alternatives to the Golden Visa

• Non-Lucrative Visa – Requires proof of passive income and private health insurance. Ideal for retirees.

• Digital Nomad Visa – For remote workers with non-Spanish employers.

• Entrepreneur Visa – For business founders looking to create jobs in Spain.

Golden Visa & Health Insurance Requirement

• Provide full coverage in Spain

• Have no co-payments (must cover all medical expenses fully)

• Be valid for the entire visa period

Final Chance to Apply Before Spain Closes the Golden Visa!

Spain’s Golden Visa program is ending on April 3, 2025. If you are considering applying, act quickly before the deadline. After that date, alternative visa options will be the only route for non-EU nationals seeking residency in Spain.