Golden Visas in Spain: What’s Changed and What Investors Need to Know in 2025

Spain’s Golden Visa program has long been a gateway for non-EU investors looking to secure residency by investing in the country’s dynamic real estate market. But in 2024, the program saw a major shift — and investors in 2025 need to be more strategic than ever.
A Brief History of Spain’s Golden Visa
Since its inception in 2013, Spain’s Golden Visa allowed non-EU citizens to gain residency through significant investment — most popularly by purchasing real estate worth at least €500,000. For years, this attracted thousands of investors seeking EU mobility, lifestyle advantages, and long-term returns.
The 2024 Policy Change
In April 2024, the Spanish government announced the phasing out of the Golden Visa route via real estate investment. The rationale? A pressing housing crisis in cities like Madrid and Barcelona, where foreign capital was seen to inflate prices and reduce accessibility for locals.
So, Is the Golden Visa Dead?
Not quite. While the real estate option has been eliminated or drastically limited, other investment paths remain open:
- Business Investment: Establishing or significantly investing in a Spanish company that generates employment.
- Government Bonds or Bank Deposits: Though less popular due to low yields, these are still potential paths.
- Job Creation: Launching a business that results in meaningful economic activity and employment.
What This Means for You in 2025
If you’re exploring residency in Spain, you’ll need to pivot away from passive property investment and instead consider active or strategic investments. That could be starting a business, funding a development, or forming partnerships with local firms — areas where The Coterie Group can help you structure deals effectively.
How The Coterie Group and R&R Law Can Help
At The Coterie Group, we don’t just connect capital to opportunity — we connect vision to action. In collaboration with our trusted immigration law partners at R&R Law in Benalmádena, we offer:
- Residency & immigration structuring (non-lucrative visa, business visa, investor visa)
- Corporate and investment setup guidance
- Legal support in Spanish, English, and French
- Banking assistance, relocation logistics, and integration services
Whether you’re a high-net-worth investor, entrepreneur, or family office looking to make Spain your next chapter, we can provide the full legal and financial bridge.
Want to Learn More?
Let’s talk. Contact us to schedule a discovery call, and we’ll walk you through how to make your move to Spain not only possible, but profitable.