Spain is the second most visited country in the world, with over 84 million tourists every year. It’s a beautiful country to visit or live in. Gorgeous weather, delicious food, affordable prices, great amenities, and ultra-low taxation (in some regions) appeal to foreigners at large. Many of these tourists decide to settle down and buy a property in Spain.
In recent years, Spain has introduced two new immigration schemes with significant tax advantages associated with those that qualify: Beckham’s Rule (named after the English football player) and also the Digital Nomad Visa. The former applies only to EU/EEA nationals, whereas the latter applies only to non-EUs. The tax advantages offered by both are identical, mirroring each other.
Both of these allow applicants to pay NO tax on any assets or income held abroad. Moreover, on the income derived strictly in Spain, applicants pay only a flat fee, which is a mere fraction of the standard tax rates. These two immigration schemes have been purposely devised to attract foreign overachievers, so they relocate to Spain alone, or with their families. Due to their unique tax advantages, they are proving wildly popular amongst foreign applicants (more details below).
The major novelty this year is that Golden Visas will be phased out after a decade. Golden Visas end on the first week of April 2025. However, the lucky few who applied on time will still be able to renew them without any issues going forward.
As a general rule:
- If you are a non-EU national, and wish to stay in Spain for over 90 consecutive days, you need to apply for a visa. Please be advised not all visas grant the right to work in Spain.
- If you are an EU/EEA national, and wish to stay in Spain for over 90 consecutive days, you need to apply for a Spanish residency permit. This is cheap and fast-tracked (takes a few weeks). We offer this service: Spanish Residency permit for EU nationals (includes TIE card & NIE number)
These visas allow you to live anywhere in Spain; you will be spoilt for choice: Barcelona, Costa del Sol, Granada, Madrid, Malaga, Mallorca, Seville, and Sotogrande.
General requirements for all Spanish visas
Unlike in other countries, you are not required to have a minimum proficiency in Spanish to apply for a visa. Whilst this is true, I strongly advise you to learn the language, at least at a basic level, to better blend in and understand Spanish society. You will find that natives greatly appreciate the effort and will be far more receptive towards you. Spanish is fairly easy to learn, by rapport to other languages, and is the second most important language in the world. It is the official language of 21 countries.
The following five are staple requirements across all visa types:
- Non-EU national
- Hire private health insurance
- Clean criminal record, no trace (previous 5 years)
- Be financially self-supporting (you will not claim benefits)
- Not be living in Spain illegally at the time of making the visa application
Spanish visa overview
Spain offers five visas for non-EU nationals.
We have immigration specialists who can assist you with all five visas listed below (plus Beckham’s Rule, which is not a visa, it’s a tax scheme for EU nationals).
Some visas suit applicants better than others. Some offer unique tax advantages.
1. Golden Visa – Investor Visa
This is the king of all visas.
Spain’s government announced it will be scrapping this visa. It should have ended on the 31-12-24. However, they passed a new law in January giving a 3-month grace period to apply for it during 2025. Golden Visas now officially end on the 3rd of April 2025.
During this three-month transition period, Golden Visa applications will still be accepted, and applications pending as of the effective date will still be reviewed normally.
The investor visa is for affluent non-EU applicants. It is popularly known as a ‘Golden Visa’. It’s a blue-ribbon visa that rolls out the red rug for its privileged holders and neatly cuts through all the red tape. Its purpose is to foster foreign investments in Spain. Whilst there are many different paths to attain a GV, the most popular (and least expensive) is by investing in Spanish real estate. This requires investing €500,000 in real estate, in one, or more, properties.
Golden Visas apply retrospectively; meaning that any non-EU national who bought a property in Spain for over 500k on, or after, the 28th of September 2013 qualifies.
Unlike the other four visas listed below, renewals are not tied to proving you live in Spain all year round. They are based on keeping the investment. This ability to override the 90/180-day rule and not being ‘forced’ to live in Spain, makes it one-of-a-kind and goes on to explain why it is coveted by affluent individuals.
Another point to consider is that a Golden Visa is the ONLY visa in Spain which does not make you tax resident in Spain on attaining it.
If you do not fancy paying tax in Spain (on your worldwide income & assets), and want to override the 90-day rule, this is the right visa for you. GVs allow you the right to work in Spain (optional).
This visa is for 3 years and is attained by us in under 3 weeks.
Suitable for:
- Affluent applicants who invest €500,000 in Spanish real estate.
- Affluent applicants who deposit €1mn in a Spanish bank.
- Affluent applicants who invest €2mn in Spanish Treasury bonds, or €1,000,000 in shares of publicly trading Spanish companies.
- Business project. Develop a business project in Spain that generates employment, has a significant socioeconomic impact, or involves scientific and technological advances.
2. Digital Nomad Visa (tax-free visa)
After the demise of the Golden Visa set for April this year, the DNV is next in line to occupy the visa throne as the most sought after in Spain. DNVs extend to family members i.e. spouse and children under the age of 18 years old. It allows applicants to work remotely from Spain i.e. teleworkers.
The main advantage is its privileged taxation. It grants applicants a special tax regime whereby they pay ultra-low tax (or in most cases none at all!) as opposed to standard tax rates that apply to Spanish tax residents. This visa is for 3 years and is attained by us in under 3 weeks.
Key tax advantages:
- No tax on assets & income abroad. This is of special interest for applicants holding substantial assets and overseas earnings (i.e. HNWIs), which would all go untaxed by Spain.
- Pay a flat tax rate of 24% on the first €600,000 of gross annual earnings in Spain. This translates into tax savings of 50%, or more, on income derived strictly within Spain.
- Not required to file a 720 tax return (unlike Spanish tax residents)
- Not required to file Wealth Tax (unlike Spanish tax residents)
- Automatic tax deferrals on call (unlike Spanish tax residents)
Suitable for:
- International teleworkers
- Self-employed (freelancers) who manage their foreign business remotely
- HNWI and UHNWIs
3. Marriage Visa – Family Regroupment Visa
It’s intended for families or couples that have been separated, in and out of the EU. It seeks to reunite them in an expedited manner within the EU. So, although this type of visa is popularly dubbed as ‘Marriage Visa,’ it would rather be more appropriate to label it as ‘Family Visa’.
Its scope goes well beyond a married couple. It ought to be understood in broader terms, as in family reunion. As its name implies, couples should be married (including same-sex partners), this is the core requirement. Alternatively, it can also be a civil partnership. This visa allows you the right to work in Spain. This visa has low fees, and it is fast-tracked, taking between one to four weeks. This visa is for 5 years.
Suitable for:
- Separated family members that wish to reunite within the EU
- Married couples
- Non-married couples
4. Pensioner’s Visa – Non-Lucrative Visa (NLV)
This is Spain’s Retirement Visa. It allows applicants to live but not work in Spain. Only retirees should apply for it.
The applicant will be expected to be financially self-supporting and will be required to prove he or she has enough savings for at least two years. This visa is ideal for retirees who wish to spend extended periods of time in Spain – without working – enjoying the finer things in life.
It is the cheapest visa available. It takes 2 to 3 months. This visa is initially for 1 year and then it works on 2-year renewals.
Suitable for:
5. Business Visa – Lucrative Visa
As its own name implies, this permit allows the applicant to work in Spain as you will be self-employed. This residency applies to someone who is looking to set up his own business in Spain. This requires a proactive hands on attitude. Typically, you will be acting as a director or managing director overseeing a company. Needless to say, one of the key requirements is that you will have enough means to be self-supporting, both for yourself and your family, for one year.
The catch, besides a cast-iron motivation, is that you need to invest in the ballpark of €80,000 to €100,000 to open & run a business in Spain. You will also be required to hire employees and enrol them in Spain’s Social Security (the cornerstone of this visa). Visa renewals are contingent on the business making a profit every year. This visa allows you, and your family, the right to work in Spain as self-employed. This visa has associated the highest fees, and also takes the longest (3 to 4 months).
Suitable for:
- Entrepreneurs
- Applicants (families) wishing to set up and run a business in Spain
- Self-employed
6. Beckham’s Rule
Please note this is not a visa. It applies only to EU/EEA nationals (who do not require a visa).
It is a special tax regime whereby taxpayers pay low tax, or none at all.
EU/EEA nationals who relocate to Spain on the back of a job contract offered by a Spanish employer may apply. It offers identical tax advantages to the Digital Nomad Visa. It has moderate fees and the procedure is expedited. It takes under a month to attain.
Suitable for:
- EU/EEA nationals
- High-ranking expatriate employees
- HNWI and UHNWIs
