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Spain flip-flops on Golden Visa ban as applications continue to flood in

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Spain’s Senate has temporarily stalled the Golden Visa ban, but Congress could push it through for early 2025.

Last month, Spain’s controversial Golden Visa programme looked set for abolition when the country’s Congress approved a bill to scrap the scheme. At the time, it was thought the ban could come into effect as soon as January 2025.

But the bill has hit a snag, which could see a ban delayed for several months, or even abandoned altogether.

Check out our full guide to Europe’s golden visas and the countries that have already banned them.

Spanish Senate blocks abolition of the Golden Visa

The Spanish Senate vetoed the ban in a hearing on 2 December, batting the bill back to Congress. While the Senate’s opposition will certainly delay the process, it cannot block it entirely, as Congress retains the power to override the veto.

Part of the disagreement over the ban is political: the Senate is controlled by the centre-right party, the Partido Popular (PP), while Congress is in the hands of Prime Minister Pedro Sanchez and his coalition government of the centre-left Spanish Socialist Workers’ Party (PSOE) and radical left-wing Unidas Podemos. Disagreements here are natural.

However, there was also concern over the way that the Spanish government had tried to push through the bill, known as the Judicial Efficiency Bill. At the heart of the bill are rules around expedited trials for cases of illegal squatting, with the Golden Visa ban tacked on as an extra.

According to the Official Gazette of the Spanish Parliament dated 2 December, the PP’s rationale for the veto revolved around the government’s failure to employ “proper legislative drafting techniques”. It argued that the simultaneous processing of two legislative projects affecting the same laws would create confusion, calling the bill “a hodgepodge of uncoordinated legislative amendments”.

Dr Jacinto Soler-Matutes, Senior Partner at Emergia Partners – a company focused on business development in emerging markets – told Investment Migration Insider that Congress could ratify the ban in any one of its forthcoming plenary sessions scheduled in December, with publication in the Official Gazette in early January. “We must count on the Spanish Golden Visa finally phasing out around April 1,” he added.

A flurry of Golden Visas applications since the ban was announced

As would be expected, applications for the Golden Visa programme have ramped up significantly since its abolition was first announced last April. But visa approvals are also on the up, with the rate moving from an average of 69 per month between January and March to 95 per month from April to October.

In total, 2024 has seen 780 Golden Visas granted up to the end of October, with 573 of those granted since the abolition announcement was made.

Aside from the ban announcement, general interest in the programme has spiked in recent years. Permits for investors remained under 1,000 per year from introduction in 2013 through to 2021. But in 2022, they surged to over 2,000, and surpassed 3,200 in 2023.

According to Catalan News, the highest number of Golden Visa approvals are for Chinese nationals, with more than 3,300 visas issued between 2013 and 2023. Russian nationals have been snapping them up too, with 3,100 issued over the 10 years. More than 1,000 UK citizens have successfully applied to the scheme.

Although China leads the pack in terms of absolute number of visas issued, the top country for investment is the USA. According to Eldiario, between 2018 and 2022, US investors contributed €1.6 billion to the Spanish economy through the programme, while Chinese investments totalled only €768 million.

What is Spain’s Golden Visa?

The Golden Visa programme in Spain allows non-residents to obtain citizenship through various investment measures. Specifically, applicants must invest either €500,000 in property, €2 million in Spanish government bonds, or €1 million in shares in Spanish companies.

While the scheme has been successful in generating investment in Spain, it’s not without its controversy. Affordable housing is a problem throughout Europe, but in Spain the situation is particularly acute. The Bank of Spain has said 600,000 new homes need to be built each year to satisfy demand, but current plans are for just 90,000 a year.

As property investment is the cheapest route to citizenship under the Golden Visa programme, critics argue that the scheme encourages foreigners to buy property, removing opportunities from the housing market for Spanish citizens and distorting rent. An estimated 94 per cent of Golden Visa applications come via the property route.

Those who successfully acquire citizenship through the programme are not required to live in Spain, and only have to be in the country for one day per year to maintain their status. Opponents of the scheme say this loophole means economic benefits are not being realised,

The European Commission called on EU governments to stop selling citizenship in this way in 2022. It flagged concerns with money laundering, tax evasion and security, which it said “would be incompatible with EU norms”.

Golden Visas ending everywhere

Amid concerns from the EU, nations are rapidly withdrawing their investment residency schemes. Ireland axed its Golden Visa scheme in February 2023; Portugal scrapped its real estate investment visa in 2023; and the Netherlands removed theirs in January 2024.

Albania was planning to introduce a Golden Visa in 2022, but the European Commission urged it to refrain. The country has since suspended its plans.

However, there are still opportunities for willing investors to buy their way into Europe. Malta retains a golden passport offering citizenship for 12-36 months for an investment just shy of €700,000. Italy and Greece still have schemes in place, and Hungary reopened its Guest Investor Programme in October 2024.

Golden Visas are no longer easy to get, but they do exist. Whether Spain’s will be staying much longer remains to be seen.

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  • Daniela Daecher is a twenty-something bookworm and coffee addict with a passion for geeking out over sci fi, tv, movies, and books. In 2013 she completed her BA in English with a specialization in Linguistics. In 2014 she completed her MA in Linguistics, focusing on the relationship between language and communication in written form. She currently lives in Munich, Germany.

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Norway to introduce tourist tax amid record visitor numbers and overtourism concerns

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By&nbspEuronews Travel

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Norway is set to become the latest European destination to introduce a tourist tax to combat concerns about rising visitor numbers.

Lawmakers approved the new levy on Thursday, which allows municipalities to introduce a 3 per cent tax on overnight stays in “areas particularly affected by tourism”.

The law allows local authorities to apply the tax at their own discretion, and it will be added to accommodation charges. Authorities will also be allowed to adjust the percentage based on the season.

The funds raised by the tax will be used exclusively to improve tourism infrastructure projects that benefit both visitors and local people. Municipalities will have to demonstrate that their facilities are inadequate and have their plans approved by the government to spend the funds.

Cecilie Myrseth, Norway’s minister of trade and industry, said on social media that her government had reached a “historic agreement” to introduce a tourism tax that was “in line with what they have in the rest of Europe”.

The country is the latest in a string of European nations introducing or increasing visitor levies to tackle the growing problem of overtourism. A tax may also be applied to cruise ships that make stops in the country, particularly in areas that are most affected by overtourism.

Norway is experiencing a tourism boom

As tourists increasingly choose cooler, northern European destinations to get away from the heat, Norway has experienced a boom in visitor numbers.

Last year, a record-breaking 38.6 million people booked accommodation in the country. That includes more than 12 million overnight stays by foreign tourists – a 4.2 per cent increase from 2023.

Some previously quiet destinations have been overwhelmed, like the Lofoten islands, where eye-catching images of hiking trails posted on social media have led to an influx of visitors. With a population of 24,500 people distributed across several small towns and villages, keeping up with the cost of all these new visitors has been hard.

A recent survey by industry organisation Norwegian Tourism Partners found that 77 per cent of people in Tromsø, in northern Norway above the Arctic Circle, thought there were too many tourists there. Visitors have been drawn by the Northern Lights, wildlife excursions, Sami cultural experiences and what the city itself has to offer.

The increase in tourism has caused tension with local residents across Norway as infrastructure has struggled to keep up with the boom. Facilities like public toilets and car parks have been overwhelmed in popular destinations.

Some residents have even reported cases of people using their back gardens as toilets, and bemoaned the increased traffic clogging up Norway’s roads.

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  • Daniela Daecher is a twenty-something bookworm and coffee addict with a passion for geeking out over sci fi, tv, movies, and books. In 2013 she completed her BA in English with a specialization in Linguistics. In 2014 she completed her MA in Linguistics, focusing on the relationship between language and communication in written form. She currently lives in Munich, Germany.

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Wildfire warnings issued in the Canary Islands as millions prepare to holiday there

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As millions of holidaymakers prepare to head to the Canary Islands this summer, authorities have issued a wildfire pre-alert across the archipelago.

The warning, announced by the General Directorate of Emergencies on Sunday, applies to tourist hotspots El Hierro, La Palma, La Gomera, Tenerife and Gran Canaria.

It comes as the islands enter a high-risk fire period following the wet season, as hot, dry winds known as the ‘calima’ begin blowing in from the Sahara Desert.

Fires are common, but they haven’t slowed tourism

The risk of wildfire is nothing new for the Canary Islands.

The volcanic terrain, Mediterranean climate and fire-adapted vegetation – plants that have evolved to thrive in fire-prone environments – make them susceptible to summer blazes, and scientists say wildfires are part of the archipelago’s ecological rhythm.

Some of the worst occurred in 2023, when forest fires ravaged Tenerife, destroying more than 15,000 hectares of land and forcing 12,000 people to evacuate. The blaze was later found to have been started by arsonists.

This year, officials are urging tourists and locals alike to take extreme caution, warning against launching fireworks near forests and discarding cigarettes on dry ground.

But even as the fire warnings roll in, the Canaries’ appeal shows no signs of slowing down.

In 2024, the islands welcomed nearly 18 million tourists, including a record-breaking 15.5 million international arrivals. Among them, British travellers led the way, recording 6.3 million visits – up 500,000 from 2023.

Concerns about overtourism mount amid record arrivals

While the Canary Islands continue to attract record numbers of tourists, residents are increasingly voicing concerns about overtourism.

In April 2024, tens of thousands of islanders participated in protests, holding signs that read “the Canary Islands have a limit” while rallying against rising housing costs, environmental damage and the strain on public services.

Over Easter this year, about 80,000 hospitality workers in Tenerife, La Palma, La Gomera and El Hierrowalked out in a dispute with unions over pay.

The surge in short-term rentals has been especially contentious. Locals have reported getting priced out of their neighbourhoods as properties are converted into holiday  lets, the cost of living soars and wages stagnate.

Despite these concerns, tourism remains a significant part of the Canary Islands’ economy, accounting for approximately 35 per cent of its GDP.

Tenerife still reigns supreme

After welcoming seven million tourists in 2024, Tenerife remains the most visited island.

Its year-round sunshine and wide beaches keep it a firm favourite among families, especially during the UK’s summer school break and throughout the winter months.

As the peak summer season picks up, local tourism boards have made no indication that the fire pre-alerts will disrupt travel plans.

But authorities remain focused on prevention this year.

More than 2,000 firefighters are on standby. Meanwhile, the government has distributed detailed safety advice, urging people to prepare a go-bag, stay informed and follow emergency evacuation or shelter-in-place instructions if fires erupt.

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  • Daniela Daecher is a twenty-something bookworm and coffee addict with a passion for geeking out over sci fi, tv, movies, and books. In 2013 she completed her BA in English with a specialization in Linguistics. In 2014 she completed her MA in Linguistics, focusing on the relationship between language and communication in written form. She currently lives in Munich, Germany.

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Violent turbulence hits Ryanair flight in Germany, forcing an emergency landing and injuring 9

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By&nbspEuronews Travel&nbspwith&nbspAP

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Severe storms in southern Germany forced a Ryanair flight to make an emergency landing late Wednesday after violent turbulence injured nine people on board, German police said in a statement Thursday.

The flight, travelling from Berlin to Milan with 179 passengers and six crew members, encountered turbulence so intense around 8:30 pm that the pilot was forced to make an unscheduled landing at Memmingen Airport in Bavaria.

Eight passengers and one crew member were hurt.

Three people were taken to the hospital in Memmingen for treatment; the other injured people were released after receiving outpatient treatment. As a precaution, all passengers were checked for injuries by the emergency services.

Authorities did not permit the plane to continue flying, and the airline arranged bus transport for passengers. Milan is about 380 kilometres south of Memmingen.

More bad weather expected in Germany

Elsewhere in the region, storms damaged several homes in Ulm, Baden-Württmberg, according to the German news agency dpa.

In the Donaustetten district, strong winds tore roofs off multiple row houses, rendering them uninhabitable, though no injuries were reported. Fire officials suspect a small tornado or waterspout caused the damage. The German Weather Service (DWD) is investigating, according to dpa.

Storm-related emergency calls also came from other areas in southern Germany, where damage was mostly limited to fallen trees and flooded basements.

The DWD warned of further storms on Thursday, 5 June, with hail, strong winds, and localised heavy rain expected.

Author

  • Daniela Daecher is a twenty-something bookworm and coffee addict with a passion for geeking out over sci fi, tv, movies, and books. In 2013 she completed her BA in English with a specialization in Linguistics. In 2014 she completed her MA in Linguistics, focusing on the relationship between language and communication in written form. She currently lives in Munich, Germany.

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