0:00 What is the Spanish Golden visa?
1:14 Is Spain cancelling the golden visa in 2024?
3:34 How long can you stay in Spain on a golden visa?
4:36 What are the Spanish golden visa renewal process and requirements?
The Spanish Golden Visa, a popular residency-by-investment program, has been a gateway for non-EU nationals to secure residency in Spain by making significant financial investments. However, in a shocking move, Spain announced the cancellation of this program in 2024 due to concerns over real estate price speculation and housing affordability.
In this video, we explore the impact of this major policy change and what it means for potential investors. While the property investment route is now closed, there are still viable options for those interested in the Spanish Golden Visa. Discover the remaining investment pathways, including investing €1,000,000 in Spanish businesses or bank deposits or €2,000,000 in government bonds.
We also delve into the disadvantages of the Golden Visa, such as high investment thresholds, market risks, and the need for periodic renewals. Learn how long you can stay in Spain with the Golden Visa and what you need to do to keep it active. From maintaining your investment to having health insurance and proving financial stability, we cover all the essential renewal requirements.
Whether you're an investor looking for new opportunities or someone interested in the latest changes in Spanish immigration policies, this video has all the details you need. Don't miss out on this critical update about Spain's Golden Visa program!
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Moving to Spain from the UK
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Things to think about when moving from the United Kingdom (UK) to Spain
- Jobs and sources of income
- Home in the UK and Spain
- What visa to come into Spain
- Medical insurances
- Getting a car (hire, lease or buy)
By Louise Misiewicz & Simon Misieiwcz of Optimise Accountants
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