The Spanish government has just taken the final step to the end Golden Visa in Spain. But it is not too late for you to apply. The Golden Visa, formally known as the ‘Investor Residence Authorisation’, has played a key role in making Spain attractive to foreign investors, especially in Spanish cities and vibrant areas such as Malaga and Nerja. Despite recent debates about the possible end of this visa, there are still significant opportunities for those wishing to take advantage of this residence authorisation and its benefits in Spain. In this article, we will explore the current advantages of the Golden Visa, its possible continuation at least until January 2025 and how the immigration lawyers at Pérez Parras Economists & Lawyers are advising our clients in this transition.

End of the Golden Visa in Spain. But it is not too late to apply. A window of opportunity until January 2025

It is coming nearer the end of Golden Visa in Spain. But it’s not too late to apply. Although there has been speculation about the end of the Golden Visa, investors still have a window of opportunity to apply. It is estimated that the deadline for continuing to benefit from the Investor Residence Authorisation could be extended until at least January 2025, offering a significant window of opportunity for those seeking to establish themselves in Spain through investment. This visa or residence authorisation remains a solid option for those who wish to reside in the country on a stable basis and enjoy the many advantages it offers.

As expert lawyers in Immigration and Buying and Selling properties in Malaga, we recommend to act quickly and take advantage of this period of opportunity. Malaga and Nerja continue to be very attractive destinations for property investment, and having the right advice can facilitate a smooth process. In addition, this window allows for early planning and informed investment decisions, maximising the benefits of the current Golden Visa programme in Spain.

It is important to note that the Golden Visa not only provides a Residence Authorisation for investors, but also ensures a high quality of life, excellent climate and a safe and secure environment, ideal for both entrepreneurs and their families. Therefore, if you are considering investing in Spain, now is the time to consult with a specialist lawyer and discuss your options before final legislative changes take place.

The Spanish Congress of Deputies has recently approved the law that will put an end to the Golden Visa in Spain. However, it is important to note that, although the law has been passed in Congress, it still has to pass through the Senate and be officially published in the spanish Official State Gazette (BOE), which leaves a window of opportunity open for those who wish to benefit from this type of investor residence authorisation (Golden Visa) in Spain, before its definitive disappearance.

Although the law has already advanced in its processing, the legislative process is not yet complete. The final publication and entry into force of this regulation is not expected to occur until at least January 2025. This means that individuals interested in obtaining an Investor Residence Authorisation can still initiate their application and secure the benefits offered by this Visa. The Golden Visa remains a solid and advantageous option for foreign investors who wish to reside in Spain, enjoy the quality of life provided by our country and protect their economic interests.

At Pérez Parras Economists and Lawyers, our team specialised in Immigration Law and property sales in Malaga and Nerja is ready to advise you in this process. We will help you navigate the legal procedures, optimising your application to ensure that you meet the requirements before this opportunity is finally closed. Furthermore, it is possible to apply even when the sale and purchase transaction has not yet been fully formalised, using a procedure based on an earnest money contract, allowing investors to save time at a crucial moment.

Don’t miss this unique opportunity to obtain your Golden Visa and secure your residency in Spain. Acting with speed and planning is key, and our team of lawyers can guide you through every step of the process. It is true that the end of Golden Visas in Spain is near. But it is not too late to apply.

The Costa del Sol, with key destinations such as Malaga and Nerja, remains an attractive location for investors wishing to obtain the Golden Visa before the legislative changes.

For those investors who are in the early stages of a property sale and purchase in Málaga, there is an alternative procedure that can be particularly useful in this changing legislative context: the Golden Visa application based on a deposit contract. This method allows for the commencement of the Residence Authorisation procedures even before the completion of the real estate transaction, ensuring that investors can benefit from the current scheme without wasting time.

The earnest money contract acts (or deposit contract) as a legal guarantee that the sale and purchase (conveyancing) of the property will take place, which is sufficient to apply for the Golden Visa while waiting for the final signature before the Notary Public. This approach has proven to be very efficient for those who wish to secure residency in Spain without unnecessary delays. At Pérez Parras Economists y Lawyers, our experts can advise you on how to use this strategy and complete your application successfully.

Not only do we specialise in Immigration Law, but we also have extensive experience in dealing with property sales and purchases (conveyancing in Málaga and Nerja). Our office in Malaga and Nerja has helped numerous international clients to make safe and efficient investments on the Costa del Sol. If you are interested in taking advantage of this opportunity before the law comes into force, do not hesitate to contact us and get the legal support you need.

Other alternatives to the Golden Visa to obtain your residence permit in Spain

The possible end of the Golden Visa does not close the door to other types of residence authorisations of special interest in Spain. Moreover, we insist that the end of the Golden Visa in Spain is closer. But it is not too late to apply for one. On the other hand, cities such as Malaga and Nerja continue to be key points for real estate sales and purchases, due to their attractiveness as places to live, with an incredibly mild climate in both winter and summer, the number of national and multinational technology companies that have settled here and those that are planning to come in the short term, and the general quality of life in the city of Malaga, and places such as Nerja and others.

Our lawyers at Pérez Parras Economists & Lawyers will guide you through the Golden Visa application process, including advanced options such as a deposit contract to secure your residency.

Even if the Golden Visa were to disappear in the future, there are other options for investors and workers wishing to settle in Spain, and especially in cities such as Málaga and Nerja. Residence permits for entrepreneurs, or others for digital nomads, or even highly qualified professionals and researchers, all designed to attract international talent and capital to Spain, are ideal options from an immigration law perspective. These alternatives, although different in their requirements and benefits, still offer viable and suitable paths for those seeking a long-term Residence Permit in Spain.

Furthermore, it is expected that future reforms of the Foreigners’ Laws will continue to favour the attraction of foreign capital, adapting to the new realities of international mobility and the global market. This is particularly relevant on the Costa del Sol, where real estate investment continues to be a strong sector with great prospects for growth, as well as with great attractions and advantages when it comes to investing. If you wish to obtain your residence permit to live and work in Spain, as well as to buy or invest in property in Malaga, Nerja and the Costa del Sol, do not hesitate to contact us at Pérez Parras Economists & Lawyers. We are not only specialised in Immigration Law, but we also have a vast experience in the management of property sales and purchases and in Real Estate Law, advising our clients in the secure purchase and sale of real estate in Malaga, Nerja and the Costa del Sol. Our offices in Malaga and Nerja have helped numerous international clients to make safe and efficient investments on the Costa del Sol. If you are interested in taking advantage of this opportunity before the Golden Visa law comes to an end, most likely in January 2025, do not hesitate to contact us and get the legal support you need.

If you want to buy a property, business premises, building or parking, or sell a property in Malaga, and you want to avoid problems following the purchase of a property in Malaga, in the Law Firm Pérez Parras Economists and Lawyers in Málaga we are expert lawyers in the purchase and sale of properties in Malaga and Nerja, with a team of lawyers and economists bilingual English / Spanish who can advise you to avoid surprises in the purchase of your property. We have offices in the centre of Malaga and Nerja. Do not hesitate to contact us and ask us for a quote to accompany you in the process of buying or selling your property. We will prepare and review your earnest money contract after ensuring that the purchase you wish to make is viable and secure, without hidden charges of any kind, and we will help you and deal with all the taxes associated with your property purchase and sale operation in Málaga, optimising for example the IRPF to pay if the property comes from an inheritance, advising you until the end of your purchase, or sale of the property, including the tax declaration, whether you are resident or taxed as a non-resident, and any other procedure with the Administration or Land Registry. You should also know that with the purchase of your property worth at least 500,000 euros in Spain we can help you to process your Golden Visa Investor Residence Permit for you and your family members. Equally, if you have any difficulties following the sale or purchase of a property, please do not hesitate to contact us so that we can advise you and defend you in or out of court if necessary. If you are a highly qualified professional in Malaga and wish to purchase your property in Malaga, we will also advise you in every step of the purchase process, ensuring that the property you wish to buy and the investment you wish to make will not cause you any problems, protecting your interests, organising your taxes and taxation as a highly qualified professional, so that you can develop your professional career and settle your life and your future in Malaga or Nerja with all the guarantees of the best legal advice.