Question
Which country recently terminated its Golden Visa programme?
Solution
Spain Terminates Golden Visa Programme Overview • Event: Spain’s Congress approved the termination of the Golden Visa programme. • Reason: Address housing affordability issues and curb misuse. About the Golden Visa Programme Definition: • A Residence by Investment (RBI) scheme granting temporary residency to foreign nationals in exchange for significant investments (real estate, business, or donations). • Benefits: Residency rights, including living, working, studying, and accessing healthcare in the host nation. Spain’s Golden Visa Programme Launch Year: 2013 • Allowed non-EU citizens to gain residency by investing a minimum of €500,000 in Spanish real estate.
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