Since its implementation in 2013, the Golden Visa in Spain has been an attractive mechanism for foreign investors interested in obtaining residency in Spain through the purchase of high-value properties. However, the recent announcement of its elimination has created uncertainty in the real estate sector and among those who saw this program as a gateway to Europe.
While the Golden Visa in Spain has been crucial in attracting foreign capital, its disappearance does not mean the end of investment opportunities in Spain. There are viable alternatives that allow investors to continue enjoying the benefits of residing in this country.
In this article, we explore the regulatory changes and available options for those looking to settle in Spain through investment.
Why is the Golden Visa in Spain supposedly being eliminated?
The current government’s decision to eliminate the Golden Visa in Spain responds to several factors, which, according to them, include the following:
- Impact on the real estate market: In some strategic areas of Spain, the increase in foreign investment has contributed to rising property prices, making it more difficult for the local population to access homeownership.
- Housing access policy: The goal is to prioritize measures that facilitate housing access for residents and nationals by regulating foreign investment in strategic sectors.
- Alignment with European regulations: Other EU countries have revised or eliminated their residency-by-investment programs, promoting more restrictive migration policies.
Despite these changes, Spain remains a privileged destination for investors and professionals who wish to live in a safe environment with an excellent quality of life and business opportunities.
Alternatives to the Golden Visa for investors in Spain
Although the Golden Visa will no longer be available, there are other options to obtain residency in Spain through investment or professional activity:
1. Non-lucrative residence visa
This visa is intended for individuals with sufficient financial means to reside in Spain without the need to work. Key requirements:
- Demonstrate sufficient financial solvency (approximately €28,800 per year for the main applicant, with an additional amount per family member).
- Private health insurance covering Spain.
- No employment activity in the country.
This is an ideal option for investors with passive income or sufficient wealth who wish to enjoy Spain’s quality of life.
2. Entrepreneur and investor visa
Spain encourages foreign investment through the entrepreneur visa. It is granted to those who:
- Present an innovative business project with a positive economic impact in the country.
- Demonstrate investment capacity and job creation.
- Obtain a favorable report from the Directorate General for International Trade and Investment.
3. Digital nomad visa
Designed for professionals working remotely for foreign companies. It allows residency in Spain while continuing professional activity without needing a local employment contract. Main requirements:
- Prove remote work activity with a company outside Spain.
- Demonstrate stable minimum income (approximately €31,752 per year for the main applicant).
- Health insurance and proof of residence in Spain.
This is an ideal option for tech investors, consultants, and professionals with stable income who wish to enjoy the Spanish lifestyle.
4. Residency through an alternative investment
Although the Golden Visa is disappearing, it is still possible to obtain residency through investment via alternative strategies:
- Business creation or investments in strategic sectors. Spain continues to facilitate entry for investors focusing on key sectors such as innovation, technology, or renewable energies.
- Acquisition of financial assets. There are programs that allow residency if certain conditions are met in stock market investments or strategic funds.
Spain: Key destination for investors
At Atipika, we have a wide range of exclusive properties for investors looking for opportunities in the luxury real estate market in Spain. Our team of experts will advise you on the best options available for your profile and objectives.
Contact us today here to discover how we can help you find your next investment in Spain.
