In this article
For more than a decade, Spain’s golden visa allowed non-EU nationals to obtain residency by investing €500,000 in real estate. That route has now closed. If you were considering it, you need to know the Spain golden visa alternatives that remain available and which one fits your situation.
What happened to the golden visa?
Organic Law 1/2025 abolished residence permits for investors, and the change took effect on 3 April 2025. Since then, no new applications based on investment (real estate, capital transfer, public debt or deposits) are accepted.
What about existing holders? Permits granted before the abolition, and applications submitted before the deadline, continue to be processed and can be renewed under transitional rules. If you already hold a golden visa, you should plan renewals carefully and make sure you continue to meet the conditions.
Can I still buy property in Spain?
Absolutely. Non-EU nationals can still buy property freely in Spain. The difference is that buying no longer gives you a residence permit. For stays of more than 90 days in any 180-day period, you will need another permit.
The main alternatives
1. Non-lucrative visa
The most common option for investors who do not intend to work in Spain. Requirements include:
- Sufficient financial means, calculated as a percentage of the IPREM index, with an increase for each family member.
- Private health insurance.
- No criminal record.
- You cannot work in Spain, although investment income is allowed.
It is ideal for retirees and people living from savings or passive income. Read our detailed guide to the non-lucrative visa in Spain.
2. Digital nomad visa
For investors who continue working remotely for foreign companies or clients. It allows residence with limited Spanish activity.
3. Entrepreneur visa
For those who want to start an innovative business in Spain. It requires a favourable report from ENISA on the business plan.
4. Highly qualified professional or executive permits
For executives of companies established or expanding in Spain.
5. Family routes
Spouses or partners of EU citizens can obtain a family member residence card, and family reunification is available for relatives of legal residents.
Investing in a Spanish business
Investors who acquire or set up companies in Spain may be able to reside as entrepreneurs, managers or employees of their own company, depending on the structure and activity. Our investment advisory team analyses these structures in combination with residency planning.
Tax planning
Moving to Spain has tax consequences. Residents pay tax on their worldwide income, and wealth tax may apply. Some newcomers may benefit from the special regime for impatriates. Analysing this before moving can save significant amounts.
Which option suits you?
If you will not work and live from savings or pensions, the non-lucrative visa is usually the natural choice. If you keep working remotely, the digital nomad visa offers more flexibility. If your investment involves creating or buying a Spanish business, an entrepreneur or management route may be better. The right answer depends on your income, your family and your tax position.
Frequently asked questions
Can I still apply for a golden visa if I bought a property before April 2025?
Only applications submitted before the abolition date benefit from the transitional regime.
Is the non-lucrative visa renewable?
Yes, it is initially granted for one year and renewed for two-year periods, provided you meet the requirements and spend the necessary time in Spain.
Can I work with a non-lucrative visa?
No. You would need to change to a permit that allows work.
Conclusion
The end of the golden visa does not close Spain to international investors. It means choosing the right permit for your profile. Castell.law helps investors combine property purchase, tax planning and residency in Mallorca, Ibiza and the rest of Spain.
