Published 26 days ago

Spain will scrap 'golden visas' that allow wealthy non-EU residents to stay if they buy real estate

Spain is abolishing its "golden visa" scheme, requiring a €500,000 investment, to address housing market tensions.
The scheme allowed non-EU investors three-year residency permits in exchange for investments, which attracted mostly Chinese investors and Russians.
The European Union voiced concerns about these schemes facilitating corruption and money laundering, prompting Spain to eliminate the program.

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The Independent

Spain will scrap 'golden visas' that allow wealthy non-EU residents to stay if they buy real estate

Spain's government said Monday it plans to scrap so-called “golden visas" that allow wealthy people from outside the European Union to obtain residency permits on investing more than half a million euros (dollars) in real estate.

26 days ago·London, United Kingdom

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Associated Press News

Spain will scrap 'golden visas' that allow wealthy non-EU residents to stay if they buy real estate

The visas allow wealthy people from outside the European Union to obtain residency permits on investing more than half a million euros in real estate.

26 days ago·United States

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abc News

Spain will scrap 'golden visas' that allow wealthy non-EU residents to stay if they buy real estate

The Spanish government says it will scrap so-called “golden visas” that allow wealthy people from outside the European Union to obtain residency permits on investing more than half a million euros (dollars) in real estate

26 days ago·United States

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The Washington Post

Spain to eliminate ‘golden visas’ for wealthy foreign home buyers

Ireland, Portugal and Australia have revised similar programs that provide residency rights to overseas investors or buyers of high-end property.

26 days ago

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KIFI

Spain to scrap ‘golden visas’ for foreign investors

Reuters Spain will scrap its so-called “golden visa” program granting residency rights to foreigners who make large investments in real estate in the country, Prime Minister Pedro Sanchez told reporters on Monday. Ending the scheme would help make access to affordable housing “a right instead of a speculative business,” Sanchez said. The program awards non-EU citizens investing at least 500,000 euros ($541,250) – without taking out a mortgage – …

25 days ago·Idaho Falls, United States

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