Alternatives to the Golden Visa in Spain
For years, the Golden Visa was the preferred route for many foreigners who wanted to invest in Spain and, at the same time, obtain a residence permit. However, after its elimination, many are now asking: what alternatives are there now to the Golden Visa in Spain? Although it is no longer possible to gain residency through direct real estate investment, there are still several legal and safe options that allow you to live and invest in the Costa del Sol.
Why was the Golden Visa removed in Spain?
The Spanish Government decided to remove the Golden Visa to reduce real estate speculation and promote housing accessibility nationwide. This decision, although controversial, has encouraged foreign investors to look for new ways to legally reside in the country.
What residency alternatives exist after the removal of the Golden Visa?
Currently, the main alternative pathways are:
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Non-lucrative visa: allows you to reside in Spain without working, as long as you can prove sufficient financial means.
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Work visa (employed or self-employed): for those who want to develop a professional or business activity.
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Digital nomad visa: designed for professionals working remotely for foreign companies.
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Family reunification residency: available for direct relatives of legal residents in Spain.
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Social or work ties (arraigo): applicable in specific cases after certain periods of prior residence.
What are the requirements for the non-lucrative visa?
The non-lucrative visa is one of the most used by property buyers in the Costa del Sol. It requires:
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Proving regular income of at least approx. €2,400 per month.
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Having private health insurance in Spain.
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Not carrying out any work activity in Spanish territory.
This visa does not provide direct access to work, but it does allow legal residency and the possibility to renew the permit over time.
What advantages does the digital nomad visa offer?
The digital nomad visa is ideal for those working remotely. Its advantages include:
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The possibility of residing in Spain while working for foreign companies.
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Favorable taxation (flat rate of 24% up to €600,000 income).
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More flexible renewals compared to other visas.
It is an especially attractive option for those who want to combine a Mediterranean lifestyle with professional flexibility.
What are the differences between the main alternatives?
| Residency option | Key requirements | Ideal for… |
|---|---|---|
| Non-lucrative visa | Regular income + private health insurance | Retirees and families with savings |
| Digital nomad visa | Contract with foreign company or online income | Remote professionals |
| Work visa (employed) | Employment contract in Spain | Qualified employees |
| Work visa (self-employed) | Viable business plan + financial resources | Entrepreneurs and investors |
| Family reunification | Being a direct relative of a legal resident | Spouses, children, and dependent parents |
Can I still invest in properties without the Golden Visa?
Yes, although it no longer provides automatic access to residency, investing in properties in the Costa del Sol remains one of the safest and most profitable ways to protect and grow your wealth. Marbella, Estepona, and Benahavís continue to be preferred destinations due to their stability, tourist appeal, and quality of life.
What strategy are foreign investors following now?
Many foreign buyers are combining property purchases with alternative visas such as the non-lucrative or digital nomad visa. In this way, they enjoy both legal residency and the benefits of owning property in Spain.
How does this affect the Costa del Sol real estate market?
Far from slowing down investment, the removal of the Golden Visa has led buyers to better plan their strategies. The luxury villa market in Marbella remains strong, as the main interest is not just residency but also quality of life and investment security.
Conclusion: What alternatives are there now to the Golden Visa in Spain?
Although the removal of the Golden Visa changed the landscape, the alternatives to the Golden Visa in Spain offer safe options for those who want to live and invest in the country. From the non-lucrative visa to the digital nomad visa, there are legal paths that allow you to enjoy the Costa del Sol and all it offers. Ultimately, investing here is not just about residency, it is about choosing a lifestyle full of sun, sea, and stability.
Frequently Asked Questions
Can I obtain residency in Spain by buying a property?
No, the Golden Visa has been eliminated.
What is the most popular option now for wealthy foreigners?
The non-lucrative visa.
Does the digital nomad visa allow you to work in Spain?
No, it only allows you to work remotely for foreign companies.
Can I invest in properties even if it doesn’t give me residency?
Yes, and it remains a very attractive investment.
How long does the non-lucrative visa process take?
Approximately 1 to 3 months.
Recommended Buying Guide
Want to go one step further? Don’t miss our Buying Guide in Spain, where you’ll find a detailed explanation of the entire process, the required documents, and the taxes you must consider before investing.
