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Will Spain be the next canceling Golden Visa Program?

golden visas getting cancelled

As a law firm that strives to keep updated and keep our customers as the focal point, we understand the concerns of our clients regarding the ever-changing regulations surrounding the Golden Visa program in Europe. Recent news of Portugal and Greece changing or eliminating their programs has caused some anxiety among foreign investors seeking residency in Europe.

However, we want to assure our clients that the Spanish Golden Visa program remains unchanged and accepts applications from foreign investors. The Spanish government has expressed its commitment to the program, recognizing the significant benefits it brings to the country’s economy.

The Spanish Golden Visa program was established in 2013 to attract foreign investment and stimulate economic growth. It provides residency permits to non-EU citizens who invest at least €500,000 in Spanish real estate or €1 million in other assets such as stocks, bonds, or bank deposits. This program has been highly successful, attracting billions of euros in investment and contributing to the country’s economic recovery.

While it is understandable that news of program changes in other countries may cause concern, it is essential to note that each country has its own immigration laws and policies. The Spanish government has clarified that it values the Golden Visa program and sees it as a vital component of its economic growth strategy.

Moreover, in the unlikely event that the program was to be eliminated, current Golden Visa holders would not lose their residency permits. The Spanish government has made it clear that it recognizes the value that foreign investors bring to the country and that it will continue to welcome them, regardless of changes to the Golden Visa program.

At our law firm, we are committed to staying up-to-date with all changes and updates to the Golden Visa program in Spain and across Europe. We have a team of experts who are well-versed in immigration law and can provide our clients with the guidance and support they need to navigate the complexities of the Golden Visa program.

In conclusion, we want to reassure our clients that the Spanish Golden Visa program is still accepting applications and will continue to do so for the foreseeable future. Even in the unlikely event of its elimination, current Golden Visa holders will not lose their residency permits. We are here to support our clients through every step of the process and ensure that they can benefit from the many advantages that the Spanish Golden Visa program has to offer.

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