Last Thursday, a bill was approved in a plenary session that will end the issuance of "golden visas" for investments in real estate starting from 500,000 euros. The document has now been sent to the Senate for final approval.
The amendment that cancels the "golden visas" has already been included in the bill and will come into effect soon. However, there is still a chance to apply before the cutoff date and obtain a 3-year residency for the whole family.
How to act in time?
Choose property without any issues:
- No encumbrances (mortgages, inheritance disputes).
- Complete set of documents (certificates, deeds).
Close the deal quickly:
- Sign the reservation agreement (arras) as soon as possible.
- Arrange the transaction with the notary without delays.
Submit the documents immediately:
- Submit the investor’s application on the same day as the notary act signing, without waiting for registration.
If you manage to submit the application before the amendments take effect, you will be able to complete the process later.
What will happen with already issued visas is still unknown, and we will be monitoring updates.
If you want to get the "golden visa" in time — time is of the essence. Act now!
SpainCostas is ready to assist you with the entire process, from choosing property to submitting documents for your visa application.