What alternatives remain for investing and residing in Spain?
The Investor Visa for the purchase of real estate, also known as part of the Golden Visa program in Spain, has been discontinued on April 3, generating uncertainty among those who were looking for a legal way to reside in the country through investment in real estate. However, Spain continues to offer other viable options for those who wish to establish themselves through other forms of investment. In this article, we explain the current alternatives, the initial requirements and their advantages.
What has happened to the Real Estate Investor Visa?
Until recently, this visa allowed non-EU citizens to obtain a residence permit in Spain after the purchase of a property valued at at least 500,000 euros. The measure was very popular among investors from Latin America, Russia, China and other countries, but has been eliminated in order to focus immigration policy on profiles that provide productive value beyond the real estate sector.
The good news is that there are still legal ways to reside and invest in Spainwithout acquiring real estate.
Current options for investing and residing in Spain
1. Entrepreneur Visa in Spain
This visa is aimed at people who wish to start an innovative project in Spanish territory. The project must be supported by a solid business plan and have the endorsement of the Ministry of Economy through ENISA or similar.
- Innovative and viable business plan. It must include a market analysis, description of the product or service, among other elements.
- Proof of sufficient funds.
- Private medical insurance.
- Absence of criminal record.
✅ Advantages:
- Allows you to reside and work in Spain.
- Long-term renewable.
- Access to local grants and subsidies if the project is successful.
2. Digital Nomad Visa (International Teleworking)
Designed for professionals working remotely for companies outside Spain. This visa has gained a lot of popularity, especially among freelancers and digital employees.
- Demonstrable contract or professional activity with a foreign company.
- Minimum monthly income (around 2,600 euros).
- Medical insurance.
- No criminal record.
✅ Advantages:
- Initial residency can be extended.
- Allows you to bring dependents.
- Lower tax burden under the impatriate regime.
3. Investment in Spanish Companies or Startups
Although the purchase of real estate no longer directly grants residency, investing in the capital of Spanish companies can still be a valid avenue.
- Significant investment (minimum 1 million euros in shares, funds or bank accounts).
- Project or business activity aligned with the general economic interest.
- Validation by the Large Companies and Strategic Groups Unit (UGE-CE).
- Appointment of a Representative for the Management of the Business Project.
✅ Advantages:
- Residence for the investor and his family.
- Legal and fiscal stability.
- Access to the Spanish and European business network.
Which option is best for you?
The choice depends on your personal objectives, your economic and professional profile, as well as the type of life you wish to build in Spain. Each of these paths offers different advantages, but all of them require proper planning and strict compliance with the requirements.
While the investment visa per property is no longer available, Spain remains an attractive and accessible destination for those who wish to invest and reside legally. There are legal, safe and adapted to different profiles of investors and entrepreneurs.
At Ven Emigra we can help you identify the best option for you, according to your profile and objectives.
📞 ¡Book a meeting with us and start your way to Spain with a smart investment!
Partner Attorney.
Specialized in Immigration Law and New Technologies.