
On 2 January, the Official State Gazette (BOE) published Organic Law 1/2025 on measures to improve the efficiency of the Spanish National Judicial Service. The regulation entails the abolition of the Golden Visa regime, rendering ineffective Articles 63 to 67 of Law 14/2023 of 27 September, which supported entrepreneurs and their internationalisation by regulating residence visas for investors, known as the Golden Visa.
As part of this reform, a three-month transnational period has been established, which will end on 3 April 2025. During this period, interested investors will still be able to process these permits, provided that they meet the requirements and complete the process within the specified timeframe.
The Golden Visa, which was introduced in Spain in 2013, allowed international investors to obtain residence permits by investing a minimum of EUR 500,000 in real estate or other investment modalities provided for in Law 14/2013. For more than a decade, this visa has been a strategic tool for attracting foreign capital, boosting key sectors such as real estate, tourism and business, and positioning Spain as an attractive destination for non-EU citizens.
This programme has had a significant impact in regions such as the Costa Blanca, Catalonia, Balearic Islands and other coastal areas. However, the abolition of this mechanism responds to a change in legal priorities aimed at reducing tensions in the property market and moving towards greater social equity in access to housing. Moreover, this change affects all the investment visas provided for in Law 14/2013, not only those related to real estate investment.
It is worth noting that those investors who already have a Golden Visa will be able to maintain and renew it, as long as they continue to meet the established requirements.
Bové Montero’s Labour Team is at your disposal to clarify any doubts you may have and to provide you with personalised assistance.
For further information, please consult the link to the Senate or the official text in the BOCG.