Spain’s Golden Visa: It’s Not Too Late to Apply

March 1, 2025

Key Takeaways

Deadline Approaching: Spain’s Golden Visa program ends on April 3, 2025—apply now.
Investment Options: Qualify with €500,000+ in real estate or €1-2M in financial investments.
Residency Benefits: Enjoy No Tax Residency/Obligations, Schengen visa-free travel, minimum stay of 1 day per year, and a path to Spanish citizenship.
Use a Buyer’s Agent: A Buyer’s Agent in Mallorca is going to maximize your entire coverage of available properties and ensure you transact safely and successfully before the end of Spain’s Golden Visa Program.

Understanding Spain’s Golden Visa Program

Spain’s Golden Visa, officially known as the Spanish Investor Visa, is a residency-by-investment program designed to attract foreign investors. Introduced in 2013, it grants non-EU nationals the opportunity to gain residency in Spain by making a significant financial investment in the country.

However, time is running out. The Spanish government has announced that the Golden Visa will be abolished starting April 3, 2025. Applications will be accepted until April 1, 2025, making now the last opportunity for investors to secure Spanish residency under the program.

Key Investment Requirements for the Golden Visa Spain

To qualify for the Spain Golden Visa, applicants must make one of the following investments:

Real Estate Investment: Purchase property worth at least €500,000 (can be one or multiple properties).
Financial Investment:
- €2 million in Spanish government bonds.
- €1 million in shares of Spanish companies.
- €1 million in Spanish investment or venture capital funds.
- €1 million in a bank deposit in a Spanish financial institution.
Business Investment: Invest in or establish a business in Spain that generates employment, contributes to socio-economic growth, or advances scientific/technological innovation.

Who Can Apply?

Spain’s Golden Visa program allows not just the main investor but also their family members to gain residency. Eligible dependents include:

Spouse or unmarried partner
Children (minor or adult, if financially dependent)
Parents (if financially dependent)

Benefits of Spain’s Golden Visa

Tax-Free: You are not required to become a tax resident in Spain.
Fast-Track Residency: Obtain Spanish residency in less than a month.
Visa-Free Travel: Access to 27 Schengen Area countries.
No Minimum Stay Requirement: Unlike other residency programs, Spain’s Golden Visa does not require investors to live in Spain full-time, only a minimum of 1 day per year.
Path to Permanent Residency & Citizenship:
- After 5 years, you can apply for permanent residency.
- After 10 years, you may qualify for Spanish citizenship.
Access to Spain’s Healthcare & Education Systems.

How to Apply for the Spanish Investor Visa

Applying for the Golden Visa Spain involves submitting a formal application, along with necessary documentation, through the Spanish Consulate of your home country, or online while legally present in Spain. The key steps are:

Choose an investment type (real estate, financial, or business).
Gather required documentation, including:
- Valid passport.
- Proof of investment.
- Financial statements showing sufficient funds.
- Criminal record certificate.
- Health insurance policy covering Spain.
Submit the application before April 1, 2025.
Await approval, which generally takes 20 working days.
Receive the Golden Visa and apply for residency.

Why Mallorca is a Prime Investment Destination

For those considering real estate investment, Mallorca is one of Spain’s top choices. The island’s luxury housing market continues to thrive, attracting American, British, German, Swedish, and Nordic investors. With its breathtaking landscapes, strong tourism sector, and investment-friendly climate, Mallorca offers both lifestyle and financial returns.

FAQs on Spain’s Golden Visa

1. Is Spain’s Golden Visa ending?

Yes, the program will be abolished after April 3, 2025. Applications must be submitted before April 1, 2025.

2. Can I still apply for the Golden Visa Spain if I invest now?

Yes, but time is limited. Investors need to finalize their purchase and submit applications before the deadline. The optimal way to search for property before the deadline is to use a Buyer’s Agent in Mallorca to maximize your search range. Anderson West Mallorca is an excellent choice for people who desire a comprehensive experience that incorporates finding your dream home, and maximizes your time and savings along the way.

3. Do I have to live in Spain to maintain my residency?

No, Spain’s Golden Visa does not require full-time residence. However, spending time in Spain may help with permanent residency and citizenship applications.

4. What are the tax implications of holding a Spanish Investor Visa?

Residency does not automatically mean tax residency. You only become a tax resident if you stay in Spain for more than 183 days per year.

5. Can I finance my real estate investment?

No, the required €500,000 property investment must be mortgage-free.

Final Thoughts: Act Now Before It’s Too Late

With Spain’s Golden Visa set to be abolished in April 2025, this is the final window of opportunity to secure Spanish residency through investment. If you’re considering applying, act now to ensure you complete your investment and application before the deadline.

For expert guidance on real estate investments in Mallorca, get in touch with a trusted real estate buyer’s agent in Mallorca or immigration lawyer today.

You can contact Anderson West, your American Buyer’s Agent in Mallorca using the form below or schedule a meeting with us using the calendar below. Having been featured in Robb Report & Bloomberg, we exist to instill trust and expertise during your home search in Mallorca.