Spain announced plans to axe its Golden Visa programme, setting April 3, 2025 as the final deadline to apply for it. The Spanish government confirmed the decision to end the programme last week through the publication of Organic Law 1/2025 in its Official State Gazette (BOE). This decision will take effect three months after the announcement, giving investors a last opportunity to secure residency under the programme. Wealthy foreign nationals outside the European Union will be eligible to apply for Spain’s Golden Visa Programme by either purchasing a property worth €500,000 or choose other options of this scheme until April 3, 2025. In December 2024, the Congress of Deputies in Spain approved the programme, with the proposal passed with 177 votes in favour and 170 against, Schengen News reported. The Spanish Senate, however, vetoed the Bill on December 2. Spain’s decision to put an end to its Golden Visa Programme came in a bid to better manage the housing crisis that the country is dealing with. Launched in 2013, the Golden Visa Programme of Spain is estimated to have made a significant contribution to the country’s economy. In the first ten months of 2024 alone, a total of 780 golden […]