April 3, 2025, marks the final deadline for non-EU nationals to apply for Spain's Golden Visa Program, offering residency through investments before the scheme ends.
April 3, 2025, is the final deadline for submitting applications for non-EU nationals interested in acquiring residency in Spain through the Golden Visa Program.
The Golden Visa Program of Spain, also known as the Residency by Investment Schemes, gives non-EU nationals the opportunity to acquire residency in this country in exchange for financial investments. The scheme provided residency in exchange for investing two million euro or more in state bonds, or for investing in emerging Spanish companies. The most popular option was the awarding of the visa, which could be obtained in exchange for buying property worth €500,000 or more.
However, the housing crisis that the country was dealing with forced the government of Spain to eliminate this scheme. Prime Minister Pedro Sánchez said his government's intention to scrap the scheme was intended "to guarantee that housing is a right and not merely the subject of business speculation".
He said that the majority of visas awarded were linked to the purchase of properties in places such as Madrid, Barcelona, Valencia, Málaga, Alicante and the Balearic Islands - all areas where the housing market "is under enormous pressure and where it is almost impossible for people who live and work in those places and pay their taxes each day to find affordable housing".
Since 2013, when the scheme was implemented in Spain, over 15,300 persons have benefited from this program. The record number reached in 2023, when Spain granted about 3,200 golden visas to foreigners.
Based on the statistics from the Housing Ministry of Spain, the largest number of golden visa recipients are nationals from China, followed by Russians and UK citizens. The top beneficiaries of the Golden Visa Program are also nationals from the United States, Iran, Ukraine, Venezuela, and Mexico.
U.S. intelligence sources indicate that Russian President Vladimir Putin still intends to take control of all of Ukraine and reclaim parts of Europe t...
AnewZ has premiered The Oligarch’s Design, a long-form investigative documentary marking the launch of AnewZ Investigations, the channel’s new edi...
UN Secretary-General Antonio Guterres has issued a stark warning over the humanitarian situation in the Gaza Strip....
The United States says it is working to secure a renewed ceasefire between Thailand and Cambodia, expressing cautious optimism that an agreement could...
Uzbek President Shavkat Mirziyoyev’s official visit to Tokyo represents more than a strengthening of bilateral relations; it is a strategic step tha...
Israel was cleared on Thursday to participate in the 2026 Eurovision Song Contest, a decision made by the organisers, the European Broadcasting Union (EBU), which sparked a major controversy.
Eight more suspected cases of African swine fever have been found near Barcelona as Spain battles to contain growing damage to its multi-billion-euro pork exports.
The Spanish agricultural sector has been placed on high alert following the confirmation that African Swine Fever (ASF) has resurfaced in the country for the first time in over thirty years.
Former Transport Minister Jose Luis Abalos was taken to Soto del Real prison on Thursday following a ruling by Spain’s Supreme Court ordering his pre-trial detention over a corruption scandal that has embroiled Prime Minister Pedro Sanchez’s left-wing government.
Ukraine has welcomed the European Union’s decision to provide €90 billion in support over the next two years, calling it a vital lifeline even as the bloc failed to reach agreement on using frozen Russian assets to finance the aid.
European Union foreign policy chief Kaja Kallas has warned that attempts to reach a peace agreement in Ukraine are being undermined by Russia’s continued refusal to engage meaningfully in negotiations.
A rare pair of bright-green Nike “Grinch” sneakers worn and signed by the late NBA legend Kobe Bryant have gone on public display in Beverly Hills, ahead of an auction that could set a new record for sports memorabilia.
Chinese Foreign Minister Wang Yi has held a phone conversation with his Venezuelan counterpart Yvan Gil at the latter’s request.
Petroleum products are being transported by rail from Azerbaijan to Armenia for the first time in decades. The move is hailed as a tangible breakthrough in efforts to normalise relations between the long-time rivals.
U.S. intelligence sources indicate that Russian President Vladimir Putin still intends to take control of all of Ukraine and reclaim parts of Europe that once belonged to the Soviet Union. These assessments contradict Putin’s repeated claims that he poses no threat to Europe.
UN Secretary-General Antonio Guterres has issued a stark warning over the humanitarian situation in the Gaza Strip.
The United States says it is working to secure a renewed ceasefire between Thailand and Cambodia, expressing cautious optimism that an agreement could be reached early next week, Secretary of State Marco Rubio said on Friday.
Iran has called for greater international support in hosting millions of Afghan refugees, warning that it is becoming increasingly difficult to manage the long-term humanitarian burden without a fair sharing of responsibilities.
Ukraine has carried out its first aerial drone strike on a Russian “shadow fleet” oil tanker in the Mediterranean Sea, reflecting a growing intensity in Kyiv’s attacks on Russian oil shipping, officials said on Friday (19 December).
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment