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.
Iranian Foreign Minister Abbas Araghchi spoke to his Egyptian counterpart Badr Abdelatty in a telephone conversation over the weekend where issues of ...
The Communist Party of China has opened the fourth plenary session of its 20th Central Committee in Beijing, as Xi Jinping outlined the country’s ac...
The Louvre, one of the world’s most visited museums, saw its priceless 19th-century crown jewels stolen in just seven minutes....
President of the Republic of Azerbaijan Ilham Aliyev has arrived in the Republic of Kazakhstan for a state visit on Monday 20th October....
King Charles III visited the scene of Manchester synagogue attack on Monday where he met with and spoke to eye witnesses of the incident....
U.S. President Donald Trump suggested on Thursday the NATO alliance should weigh throwing Spain out of its membership ranks over a dispute about the Western European nation's lagging military spending.
Four people have been confirmed dead after a six-storey building collapsed in central Madrid while being converted into a hotel, authorities said, following a 15-hour rescue effort involving drones and sniffer dogs.
Spanish Police say three people were injured in the partial collapse of a building in central Madrid on Tuesday adding that none of the injured was in a serious condition.
Türkiye has joined Spain, Italy and Greece in monitoring an international flotilla carrying aid for Gaza that was sailing east across the Mediterranean Sea on Monday despite warnings from Israel to stop the mission, flight data show.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
Iranian Foreign Minister Abbas Araghchi spoke to his Egyptian counterpart Badr Abdelatty in a telephone conversation over the weekend where issues of mutual interest discussed.
The Communist Party of China has opened the fourth plenary session of its 20th Central Committee in Beijing, as Xi Jinping outlined the country’s achievements over the past five years and presented the draft framework for the next phase of national development.
King Charles III visited the scene of Manchester synagogue attack on Monday where he met with and spoke to eye witnesses of the incident.
British soldiers will soon have the authority to shoot down drones threatening UK military bases under new powers set to be unveiled by Defence Secretary John Healey.
China’s economy grew 4.8% year-on-year in the third quarter, as official data showed the country remains on course to meet its annual growth target of around 5%.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment