A resolution recently passed by the European Union will force that no more #GoldenVisa or investment visas will be granted.
This resolution grants a transitional period until the year 2025 to achieve the removal of any type of application for an investment visa or Golden Visa in all European Union countries.
There are several reasons that the European Union has stated for this, mainly arguing that long-term residences are being granted with very low investments in addition to granting nationalities, and they have also stated that the control over these permits and concessions are not being carried out correctly.
This lack of control is leading to money laundering and unwanted people obtaining stays and permits, something that affects the whole of the European Union.
From now on, people who want to apply for this long-term residence permit will be scrutinised more closely.
Therefore, if you are thinking of applying for a Golden Visa, we recommend that you apply as soon as possible, before the measures start to become tougher and more inflexible to the point that any Golden Visa will no longer be granted.
Keep up to date with all the latest news about residence permits in Spain on our website, social media and YouTube channel.

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