On November 14, the Spanish Congress approved a new law that included the repeal of the articles of Law 14/2013 on Entrepreneurs, which allowed the application for the Golden Visa. In other words, the Spanish Congress approved the elimination of the Golden Visa.
Now, this new law has to go through the appropriate parliamentary procedures, it needs the approval of the Senate, which has to approve it, and subsequently the law will have to be published in the BOE (Official State Gazette).
Once the law is published in the BOE, three months later, the law that eliminates the Golden Visa will begin to enter into force. We believe that we will have three months from the publication to continue requesting Golden Visas, a period that will end with the entry into force of the law.
We do not know the exact date, but we believe that it will be published before December 31, 2024, coming into force 3 months later. We recommend, however, doing so as soon as possible.
Please note, as we have told you, these are approximate dates, so take them with caution .
We advise you to take advantage of this last period to apply for the Golden Visas as soon as possible and, if you know someone who wants to apply for this visa, to inform them that they have little time to apply for it, but that they can still do so. We advise doing it as soon as possible.
At Bennet & Rey, we will keep you informed.
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