However, as of April 3, 2025, Spain abolished the issuance of new investor residence visas due to the ongoing housing crisis. This measure is part of Organic Law 1/2025 on the Efficiency of the Public Justice Service, which, in its twenty-first final provision, repeals Articles 63 to 67 of Law 14/2013 (Entrepreneurs Law). Only renewals of visas granted before this date remain valid.
Who needs to renew a golden visa in Spain?
Renewal is mandatory for investors who wish to retain the benefits of the Golden Visa, which means:
- No obligation to reside permanently in Spain.
- Freedom of movement within the Schengen Area without a visa.
- Family reunification rights.
- Authorisation to live and work in Spain.
- No requirement to become a tax resident.
It’s essential to complete your renewal–if it’s denied, you will not be able to reapply for this visa, which has been discontinued for new applicants as of April 2, 2025.
Eligibility requirements for renewal
To renew the Golden Visa, applicants must continue to meet the same requirements as when the visa was first granted, as well as:
- Maintaining the qualifying investment, such as:
Real estate valued at €500,000 or more.
Government bonds worth at least €2 million.
Shares in Spanish companies with a capital of at least €1 million.
A deposit in a Spanish bank of at least €1 million.