When it comes to pursuing residency in Spain, you’ll find yourself presented with several options to choose from but which is the correct residency type for you in Spain.
Each residency option has its own set of requirements, benefits, and considerations. In this blog post, we will delve into the different residency options in Spain, providing you with valuable insights to help you determine which one is the best fit for your unique circumstances and goals. Let’s explore the possibilities together!
- Golden-Visa: The golden visa program offers a pathway to residency and eventual citizenship for non-European Union investors who make a significant investment in Spain. This permit requires an investment of at least 500.000€ in Spanish property (one or several) or an investment 1 Million Euros through a bank investment fund. This residency allows you to spend as little as one day in Spain per year as there is no minimum stay period required.
It will allow you to Work as an employee, be Self-Employed to set-up your own company or simply Reside in Spain, and because of this, nicknamed the ´Golden-Visa´.
Non-Lucrative Residency: The non-lucrative residency permit is ideal for individuals who wish to reside in Spain without engaging in any employment or professional activities. This option is popular among retirees, freelancers, and individuals with sufficient financial resources to support themselves without the requirement to work.
- Remote-Workers Visa: The remote workers visa is geared towards an applicant who can demonstrate that they have a remote workers position from a non-Spanish company and that they receive sufficient income from employment which is carried out remotely and that they have financial independence, that they either have savings of sufficient funds.
- Self-Employed Residency: The self-employment permit is for applicants who wish to start a business in Spain. Start or expand your own business in Spain.The main requirement for the self-employed Work & Residence permit application is to have a business-idea, with a business-plan together with the financial-resources to execute such an idea/plan. These funds must be logged in a Spanish bank account under the applicant’s name. There is no minimum for this amount, however it must demonstrate that it will be sufficient to start the business/company and provide funds to allow for living-expenses for the course of the residency permit applied for. This residency allows you to work in Spain as an employee of your own business but not to be employed or search for employment.
Choosing the correct residency option in Spain is crucial for a successful and fulfilling experience. Each option has its own requirements and advantages, tailored to different individuals and their goals. By exploring the different residency options outlined in this blog post, you can gain a deeper understanding of the possibilities available to you. Remember to assess your personal circumstances, long-term objectives, and consult with legal professionals to make an informed decision. Embark on this exciting journey with confidence, as Spain welcomes you to a vibrant and enriching life of residency.
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Permanent residency is obtained after 5 years of Spanish Residency through Self-Employed Residency, Digital-Nomad, Non-Lucrative Residency or Golden-Visa. This followed by 5 years as a permanent resident in Spain and means you can then obtain Spanish Citizenship with a Spanish Passport.