Latest Golden Visa & Immigration News – February 7, 2025 | Residency & Investment Updates
Published Date: 7th Feb, 2025
Spain Announces Termination of Golden Visa Program
Spain has officially declared the end of its Golden Visa program, effective April 3, 2025. Initiated in 2013, the program granted residency to non-EU citizens investing at least €500,000 in Spanish real estate. The decision aims to address rising housing costs attributed to foreign investments. Prospective applicants are advised to finalize their applications before the deadline.
Surge in Non-Lucrative Visa Applications in Spain
Following the announcement of the Golden Visa program's termination, there has been a notable increase in applications for Spain's Non-Lucrative Visa. This visa offers residency to individuals with sufficient financial means without the need for employment in Spain, serving as an alternative pathway for non-EU citizens seeking residence.
Greece Anticipates Increased Demand for Golden Visas
With Spain discontinuing its Golden Visa program, Greece is preparing for a potential rise in applications. The Greek Golden Visa program offers residency to non-EU investors who invest a minimum of €250,000 in real estate. Experts predict heightened interest from international investors seeking alternative European residency options.
Portugal Introduces Cancer Research Golden Visa
Portugal has launched a new Golden Visa option aimed at philanthropists interested in supporting cancer research. This initiative allows investors to contribute to scientific advancements while obtaining residency rights, reflecting Portugal's commitment to innovative residency pathways.
Dubai Launches Influencer Golden Visa
Dubai has unveiled a Golden Visa specifically designed for social media influencers. The program offers long-term residency to content creators, recognizing their role in the digital economy and aiming to attract creative talent to the UAE.
Malta's Golden Visa Program Faces Criticism
Malta's Golden Visa program has come under scrutiny for contributing to inflated property prices and overdevelopment. Critics argue that the scheme benefits foreign investors at the expense of local residents, leading to calls for policy reassessment.
Portugal Phases Out Real Estate Golden Visas
Portugal has officially ended its Golden Visa program for real estate investments as of October 2023. The decision was part of broader housing reforms aimed at addressing affordability issues. The program will continue without the real estate investment option, redirecting foreign investments towards other sectors.
Italy Suspends Golden Visas for Russians and Belarusians
Italy has suspended its Golden Visa program for Russian and Belarusian nationals, aligning with EU recommendations. The suspension reflects geopolitical considerations and the EU's stance on investment-based residency programs.
Latvia Offers Affordable Residency Through Investment
Latvia provides a residency program requiring a €50,000 investment into a Latvian company, along with a one-time government fee of €10,000. This program offers a five-year renewable residency permit, presenting an accessible option for investors seeking residency in the EU.
Hungary Introduces New Investment Residency Program
Hungary has launched a new residency program offering temporary residence permits to investors. Options include investing €155,000 in residential property or establishing a local company. The program aims to attract foreign capital and stimulate economic growth.
Date: 7th Feb, 2025
