Experts highlight an increase in applications for Spanish Golden Visas following the government's announcement a few months ago that they would be eliminated. Although nothing has been decided yet, there has been a noticeable tightening of the process for processing these investment-based residence permits.
Patricia Ruiz, manager in the immigration department, highlights in Infolibre (for subscribers only): “There was a real boom between April and July,” when the elimination of the Golden Visa was announced. She provides the following data: “Applications have increased by 25%, but inquiries from those planning to apply for a visa have skyrocketed by 50%.”
Our lawyer specializing in international mobility points to the tightening of procedures for applying for residence permits: “At least in initial applications, the administration is now more rigorous, requiring documents that it did not ask for before, more proof of investment, whether private health insurance has been paid for...”
The nationality of Golden Visa applicants remains the same, according to our expert: “There was a boom in applications from Peru and Turkey.”
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