Golden Visa (investor visa) — ELIMINATED
The Golden Visa was abolished on 3 April 2025 by Ley Orgánica 1/2025. No new applications are accepted. Whatever was valid on 3 April 2025 keeps that validity for the period for which it was issued, and renewals are processed and decided under the rules in force when the initial authorisation was granted.
💡 ABOLISHED on 3 April 2025 by LO 1/2025. No new applications are accepted — but if you filed yours BEFORE that date it is decided under the earlier rules (DT 1.ª). And if you already hold one, FILE the renewal — DT 2.ª refers it to the rules in force when your initial permit was granted. Its body speaks of investors without distinguishing category; its heading mentions only property, hence the debate.
Step by step
Programme abolished. No new applications are accepted.
Mistakes that get applications refused
⚠️ Attempting to apply for a Golden Visa in 2025–2026
Consecuencia: Immediate rejection — the programme no longer exists
Solución: Consult the available alternatives (entrepreneur visa, non-lucrative visa, digital nomad visa, self-employment authorisation).
⚠️ Assuming a Golden Visa based on shares or public debt can no longer be renewed
Consecuencia: Not filing the renewal, letting the permit lapse and falling out of status
Solución: File it. DT 2.ª refers the renewal to the rules in force when the initial authorisation was granted, which allowed any of the art. 63 investments to be renewed as long as they were maintained. The heading of that provision mentions only property, which is where the debate comes from, but a heading does not narrow the provision. If you are refused on that ground, there is a right of appeal — take advice.
Where things stand
If you already hold one for a property: If it was valid on 3 April 2025 —DT 2.ª only covers what was in force that day, not what had already expired—, it keeps that validity for the period for which it was issued. The renewal is processed and decided under the rules in force when the initial authorisation was granted — the earlier art. 67.2 granted it for successive five-year periods provided the conditions that gave rise to the right were maintained.
If you hold one for shares, debt, funds or deposits: FILE the renewal. The body of DT 2.ª speaks of investors without distinguishing category and refers to the earlier rules, which allowed renewal of any of the art. 63 investments —public debt, shares, funds, deposits, property or a business project— as long as they were maintained. Its heading mentions only property, which has fuelled debate, but a heading does not narrow the provision. If you are refused on that ground there is a right of appeal, and advice is worth taking.
If you change the investment: If the investment is changed during the authorised period of residence, one of the cases set out in art. 63 (previous wording) must still be met. That does not apply where the change in value is due to market fluctuations — your portfolio rising or falling on its own does not put you outside the scheme.
New applications: None are accepted from 3 April 2025. But anyone who filed before that date —the investor or their family members— may receive the corresponding visa or authorisation under the rules in force on the date the application was filed (DT 1.ª).
Alternatives
Legal basis
LO 1/2025, DF 21.ª — empties arts. 63 to 67 of Ley 14/2013 and adds its DT 1.ª and DT 2.ª. Renewals are governed by Ley 14/2013 arts. 63 and 67 in their previous wording.
Checked against the consolidated text on 2026-09-01.
Official sources
Última actualización: 2026-09-01