Are you considering living in Marbella, Spain, but worried about the recent changes to the Golden Visa program? Don’t be! Although the program is being phased out, there are still various residency options available for non-EU citizens. We at Property Finder Marbella, a well-established real estate agency with over 20 years of experience, can help guide you through the process. We are trusted by many international buyers from all over the world, seeking to invest in Marbella’s vibrant property market.
The Golden Visa program, launched in 2013, enabled foreign investors to obtain residency in Spain by investing over €500,000 in Spanish real estate. However, the Spanish government is phasing out this program due to concerns that it inflated property prices, making housing less affordable for locals.
Let’s explore some alternative residency options in Marbella beyond the Golden Visa:
Non-Lucrative Visa: This visa is a popular choice among many Property Finder Marbella clients. It offers unlimited residency in Spain, providing a significant advantage over the Schengen Visa’s 90-day stay limit within a 180-day period. To qualify, you must demonstrate financial self-sufficiency, with a minimum annual income requirement of €28,800 for the main applicant, plus additional amounts for dependents.
Digital Nomad Visa: Ideal for remote workers who earn their income from outside of Spain, the Digital Nomad Visa grants residency and allows you to live and work remotely from Spain. It also offers tax benefits, including exemption from wealth tax for British citizens.
Work Visa: If you have a job offer from a Spanish company, a Work Visa can be your route to residency. This process typically involves your employer sponsoring your visa application and proving that the position couldn’t be filled by a Spanish or EU citizen.
Short-Stay Schengen Visa: For short visits to Spain, such as property hunting, the Short-Stay Schengen Visa is the most appropriate option.
Whatever your needs, Property Finder Marbella can help you successfully achieve them. Give us a call and one of our team can talk you through options.