Last Call: Europe Is Closing Its Doors to Citizenship by Investment

Citizenship by Investment
Published Date: 20.05.2025

For decades, Europe has been a top destination for families and investors seeking stability, freedom, and opportunity. Through various investment programs, individuals were able to secure residency or even citizenship in exchange for contributing to a country’s economy — often through real estate, business creation, or government funds.

But the landscape is changing fast.

Today, many of these programs are being shut down, paused, or restricted. The window for European citizenship by investment is rapidly closing — and this could be the final call for those hoping to secure a European future for themselves and their families.

The European Dream — Under Pressure

European countries once welcomed investors from around the world. The idea was simple: invest in the country, create value, and in return, gain the right to live, work, and possibly even gain citizenship.

But recent years have brought increased political pressure, EU scrutiny, and changing public opinion. As a result, several countries are shutting their doors — even those that once led the way.

Let’s look at the latest updates.

golden visa

Spain Has Officially Closed Its Golden Visa Program

Spain’s Golden Visa was one of the most popular investment routes in Europe. By investing a minimum of €500,000 in real estate, applicants could receive residency — with a path toward citizenship after several years.

But in April 2024, the Spanish government announced it was terminating the real estate route completely.

Spanish Prime Minister Pedro Sánchez stated that the move was intended to reduce speculation in the housing market and prioritize local affordability.

This means:

  1. No more residency through real estate
  2. Limited routes left for foreign investors
  3. Uncertainty around future options

Malta’s Citizenship Program Is on Pause

Malta’s Individual Investor Programme (IIP) was once the only EU-approved citizenship by investment program, offering a direct route to a Maltese passport through a mix of donations, bonds, and property.

However, in mid-2024, the program was put on indefinite pause, following pressure from the European Commission and pending legal reviews.

While Malta still offers residency options, its fast-track passport route is currently unavailable, and there’s no clear timeline for when — or if — it will return.

Puente de Portugal

Portugal Ends Real Estate as a Golden Visa Option

Portugal was another top choice, known for its relaxed requirements, affordable property, and warm climate. But in October 2023, Portugal ended real estate as a qualifying category under its Golden Visa.

Now:

  1. Investors can no longer qualify through property purchases
  2. Only limited options remain, like donations to arts and culture or research investments
  3. These new paths are more complex, less flexible, and less popular

The result? A dramatic drop in demand, and a clear sign that Europe’s investment gates are closing.

What Does This Mean for Investors?

If you’re a high-net-worth individual or entrepreneur considering a second citizenship or European Plan B, this is a critical turning point.

You’re no longer choosing between many options. You’re racing against the clock before they’re gone entirely.

Here’s why it matters:

Visa-Free Travel & Mobility

  1. EU citizenship offers access to 27 countries and visa-free travel to over 180 countries
  2. Residency gives you the right to live, work, and study in Europe

Safety, Healthcare & Education

  1. World-class public healthcare, universities, and infrastructure
  2. A safe, stable environment for families and children

Generational Security

  1. European citizenship can be passed down to future generations
  2. Offers a Plan B during political unrest or instability in your home country

Business, Banking & Tax

  1. Easy access to European markets, banks, and investment systems
  2. Legal and tax protection under EU law

What Are Your Options?

As Spain, Malta, and Portugal close their doors, only a few routes remain open in Europe — and even those are under review.
Some current alternatives include:

  1. Greece Golden Visa – Starting at €250,000 in real estate
  2. Latvia Residency by Investment – From €60,000 in financial instruments
  3. Hungary Guest Investor Program – Newly launched in 2024, offers EU residency within 2 months for qualifying investments

But as demand increases, even these programs may face:

  1. Higher investment thresholds
  2. Tougher due diligence
  3. Longer processing timelines
  4. Stricter eligibility

Acting now gives you the chance to apply under the current rules, before restrictions become even tighter.

Contact us if you are interested in Citizenship by Investment

Our expert advisors will have a 1-on-1 consultation to find the best solutions for you and your family and guide you through the procedure.

Get in Touch

Conclusion

European citizenship and residency by investment are no longer guaranteed. What was once a quiet, strategic move is now a time-sensitive decision.

  • Spain is closed.
  • Malta is on hold.
  • Portugal has changed the rules.
  • And others may follow.

If you’re serious about securing a future for your family, freedom to travel, safety, and opportunities across Europe, then this may be your last real chance to act.

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