Important update on Spain’s Golden Visa programme. The Spanish Congress of Deputies has published a proposed amendment to Law 14/2013, which governs the well-known Golden Visa. The key points are listed below:
➡️ The provision allowing investment in real estate purchases exceeding €500,000 has been removed.
➡️ The provision allowing investment in investment funds exceeding €1,000,000 has also been removed. However, this change was not previously mentioned by the Council of Ministers.
➡️ It will be required to provide proof of having made the investment within a period not exceeding 60 days before the Golden visa application. This provision has been changed, as the applicant could prove that the investment was made within a period not exceeding one year before applying for the Golden Visa.
✅ The provisions for investment in bank deposits, shares in Spanish companies, and Spanish government bonds remain unchanged.
The parliamentary procedure has not yet been completed, but it is expected to enter into force in a few months.
Prepared by Sara Velasco. Sara is a senior lawyer with several years of experience assisting clients moving to Spain. Call her at +44 2070 430648 or contact us here, and we will get back to you within 24 hours.
