Alternatives to the Golden Visa in Spain.

Although the Golden Visa programme has concluded, Spain offers several alternatives to the Golden Visa for residency. These include the Non-Lucrative Visa for retirees or remote workers, the Entrepreneur Visa for innovative startups, and the EU Blue Card for highly skilled professionals. Each option has distinct eligibility criteria, offering flexibility for individuals seeking legal residence without large investment requirements.

The Spanish government eliminates the Golden Visa to curb rising housing prices

On April 3, 2025, Spain formally terminated its ‘Golden Visa’ program, which permitted non-EU nationals to secure residency through a minimum investment of €500,000 in Spanish real estate. This action was part of wider initiatives aimed at tackling housing affordability challenges nationwide, as foreign investments were driving up property prices in key urban areas such as Madrid and Barcelona.

Implications for Non-EU Investors

The discontinuation of the Golden Visa signifies that non-EU investors are no longer able to obtain residency solely through property investments. This alteration impacts prospective investors from nations including the UK, USA, Canada, and Russia, who have been major contributors to the program.

Alternative residency options

In light of the cessation of the Golden Visa program, individuals from outside the EU who are pursuing residency in Spain may explore the following options:

1. Work Visa

• Overview: For those who have obtained a position with a Spanish firm.
• Requirements: An acceptable job offer and, in specific instances, confirmation that the role cannot be occupied by a local worker.

2. Entrepreneur Visa

• Overview: Designed for individuals aiming to establish groundbreaking business initiatives in Spain that enhance the nation’s economy.
• Requirements: The submission of a comprehensive business plan that emphasizes the project’s feasibility, innovative aspects, and potential for job creation.

3. Non-Lucrative Visa (NLV)

• Overview: Intended for individuals who possess the financial means to sustain themselves without participating in employment or professional endeavors in Spain.
• Requirements: Applicants are required to show adequate financial resources, approximately €2,400 monthly for an individual, and must have extensive private health insurance.

4. Student Visa

• Overview: Designed for individuals from outside the EU who aspire to study in Spain.
• Requirements: Admission to an accredited educational institution along with evidence of adequate financial means.

5. Family Reunification

• Overview: Permits family members of legal residents or citizens to reunite with them in Spain.
• Requirements: Evidence of relationship, financial resources, and appropriate living conditions in Spain.

6. EU Blue Card

The EU Blue Card, intended for highly skilled professionals, permits non-EU citizens to reside and work in Spain. To qualify, applicants must possess a job offer that meets a salary requirement of no less than 0.8 times the standard salary threshold for in-demand professions in Spain.

Applications for the EU Blue Card are made through here

• Permanent Residency: Upon completing five years of legal residency in Spain, individuals become eligible to apply for permanent residency, granting them the right to reside and work in the country indefinitely.
• Spanish Citizenship: Following a decade of uninterrupted residence, individuals may qualify to apply for Spanish citizenship. The criteria include proving integration into Spanish society, successfully completing language and cultural examinations, and relinquishing previous citizenship, with exceptions for nationals from specific countries such as those in Latin America, Andorra, and the Philippines.

Spain, A Golden Destination.

Although the Golden Visa program has ended, Spain’s real estate sector continues to be immensely appealing to foreign investors. The nation consistently attracts international buyers due to its outstanding climate, desirable lifestyle, and relative affordability compared to other leading European locations. With the launch of the Digital Nomad Visa in 2022, Spain has emerged as the premier destination for remote workers globally, and Marbella’s designation as ‘European Best Destination 2024’ has further invigorated the property market. Spain, particularly Málaga, has established itself as a prime location for remote professionals.

Trust the experts for your residency in Spain

Individuals pursuing residency in Spain are advised to seek guidance from immigration experts to determine the best route tailored to their specific situations. In spite of evolving policies, Spain’s lasting attractiveness guarantees its status as a leading destination for global property investment and relocation for the foreseeable future.

For non-EU nationals interested in acquiring property in Spain, LuxuryForSale.Properties can connect you with esteemed legal professionals who will assist you in navigating the visa application process. Reach out to us today.

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