On 3 January, Organic Law 1/2025, of 2 January, on measures for the efficiency of the Public Justice Service, was published in the Official State Gazette (BOE). Its Sixteenth Final Provision bis modifies Law 14/2013, of 27 September, on support for entrepreneurs and their internationalisation, eliminating the Golden Visa.
From the entry into force of this new Law 1/2025, which will occur on 3 April 2025, no new visas may be granted for real estate investments of 500,000 euros or more, and the regime applicable to existing visas will be as follows:
- Applications submitted by investors or family members prior to the entry into force of the Law (3 April 2025), may receive the corresponding visa or authorisation in accordance with the previous regulations, i.e. Law 14/2013 on support for entrepreneurs and their internationalisation.
- Visas and authorisations granted prior to the entry into force of the Law (3rd April 2025) will remain valid for the period of time for which they were issued.
- Visas and authorisations granted prior to the entry into force of the Law (3rd April 2025) may be renewed after the expiry of the deadline for which they were granted. Renewal applications will be processed and resolved in accordance with the previous regulations, i.e. Law 14/2013 on support for entrepreneurs and their internationalisation.