Spain’s Golden Visa Ends – Live in Spain via Non‑Lucrative or Digital Nomad Visas
The Spanish Golden Visa was abolished on 3 April 2025. Learn how to reside in Spain through the non‑lucrative and digital‑nomad visas, and why property investment still makes sense.
What Changed on 3 April 2025?
On 3 April 2025 the Spanish government officially abolished the Golden Visa programme. That means purchasing real estate in Spain no longer grants an automatic residence permit, nor does it provide a fast‑track to Schengen travel.
Current Legal Pathways for Long‑Term Stay
Foreign nationals who wish to live in Spain now have two primary visa routes that do not rely on property ownership:
- Non‑Lucrative Residence Visa: Designed for applicants with sufficient passive income.
- Digital Nomad Visa (Remote Worker): Tailored to professionals who work remotely for a non‑Spanish employer.
Both visas grant the right to reside in Spain, travel freely within the Schengen Area and eventually apply for permanent residency after five years of continuous stay.
The Non‑Lucrative Residence Visa – How It Works
This visa is popular among retirees, investors, and anyone with stable, recurring income that does not come from Spanish sources. The key requirements are:
- Proof of a minimum net passive income of €28,800 per year (approximately €2,400 per month). This figure can be increased by 30% for each dependent family member.
- A valid passport and health insurance covering Spain.
- No intention to undertake paid activity in Spain.
- Proof of sufficient financial resources (bank statements, pension slips, dividends, etc.).
The initial visa is issued for one year and can be renewed for two‑year periods thereafter, provided the income threshold remains met.
Digital Nomad Visa – The Remote‑Work Alternative
Spain introduced a digital‑nomad visa to attract high‑skill remote workers. Main conditions include:
- A contract with an employer or clients based outside Spain, or proof of freelance work for non‑Spanish entities.
- Minimum monthly earnings of €2,000 (or the equivalent in foreign currency), verified by recent payslips or tax returns.
- Health insurance covering Spain and a clean criminal record.
- The visa is initially valid for one year and can be renewed for up to five years total.
This route allows you to live in any Spanish city while keeping your existing job, and it also opens the door to Schengen travel.
Why Buying Property Still Makes Sense
Even though property ownership no longer confers residency, purchasing a home in Spain remains an attractive proposition for several reasons:
- Freehold Ownership: Foreign buyers can acquire full freehold title once they obtain a Spanish tax identification number (NIE).
- Stable Investment: Spain’s property market has shown steady appreciation, especially in coastal and metropolitan areas.
- Rental Income Potential: With the appropriate regional tourist license, owners can generate short‑term rental revenue, offsetting ownership costs.
- Lifestyle Benefits: Owning a home provides a base for exploring Spain’s culture, climate and EU travel opportunities.
In addition, the cost structure of buying remains predictable:
| Transaction Type | Typical Tax/Fees |
|---|---|
| Resale Property (ITP) | 6 % – 10 % of purchase price, depending on autonomous community |
| New‑Build Property (VAT) | 10 % VAT plus notary and registration fees (~1 % total) |
These taxes are payable at the time of purchase and are separate from ongoing costs such as community fees, property tax (IBI) and maintenance.
Step‑by‑Step: From Visa Application to Property Purchase
- Obtain an NIE (Número de Identificación de Extranjero): Required for any financial transaction in Spain, including visa fees and property contracts.
- Select the appropriate visa: Assess whether the non‑lucrative or digital‑nomad route fits your income profile and lifestyle.
- Gather documentation: Bank statements, proof of income, health insurance, criminal record certificate, employment contract (for digital nomads).
- Submit visa application: File at the Spanish consulate in your country of residence. Processing typically takes 1‑2 months.
- Secure accommodation: While waiting for approval you can rent short‑term housing; many buyers also sign a reservation contract on a property they intend to purchase.
- Finalize property purchase: With the NIE, pay the deposit, sign the private purchase agreement (Contrato de Arras), and later the public deed (Escritura) before a notary.
- Apply for residency card: Once in Spain, schedule an appointment at the local Foreigner’s Office (Oficina de Extranjeros) to obtain your TIE (Tarjeta de Identidad de Extranjero).
Throughout this process, a specialist agency such as Resida Global can coordinate legal, tax and translation services, ensuring compliance with both visa and property regulations.
Short‑Term Rental Licensing – What You Need to Know
If you plan to rent out your home on platforms like Airbnb, you must obtain a regional tourist license (Licencia de Alquiler Turístico). Requirements vary by autonomous community but generally include:
- Compliance with safety standards (fire extinguishers, first‑aid kit).
- A registered address in the local town hall’s tourism registry.
- Payment of a municipal tax on tourist accommodations.
Failure to secure this license can result in fines and forced closure of the rental activity.
Bottom Line – Residency Is Still Within Reach
The end of the Golden Visa does not mean Spain is closed off to foreign residents. The non‑lucrative and digital‑nomad visas provide clear, legally sound pathways for those with passive income or remote work arrangements. Meanwhile, buying property remains a solid financial move, offering lifestyle benefits, potential rental returns and long‑term capital appreciation.
Take the Next Step
If you are considering relocation to Spain, start by evaluating your income sources against the visa thresholds. Contact Resida Global for a personalized consultation – they can guide you through visa paperwork, NIE acquisition and property purchase, turning your Spanish dream into reality.
Conclusion
Spain’s abolition of the Golden Visa reshapes the residency landscape but does not eliminate the country’s appeal. By meeting the requirements of the non‑lucrative or digital‑nomad visas, you can legally reside in this vibrant EU nation while enjoying the advantages of property ownership.
Frequently Asked Questions
Can I still obtain a Spanish residence permit by buying property?
No. The Golden Visa programme was abolished on 3 April 2025, so purchasing real estate no longer grants residency. You must apply for a non‑lucrative or digital‑nomad visa.
What is the minimum income required for the non‑lucrative visa?
Applicants need to prove at least €28,800 of net passive income per year. This amount can be increased by 30 % for each dependent family member.
Is a tourist license mandatory for short‑term rentals?
Yes. To rent out a property on platforms like Airbnb you must obtain a regional tourist licence, meet safety standards and register the accommodation with local authorities.
Do I need an NIE to buy property in Spain?
An NIE (Spanish tax identification number) is required for any property transaction, as well as for visa applications and opening bank accounts.
How long can the digital‑nomad visa be renewed?
The digital‑nomad visa is initially issued for one year and can be renewed annually, allowing a total stay of up to five years if conditions are maintained.
