Capital to residency in Spain — without real estate.
Following Organic Law 1/2025, Spain closed its €500K property Golden Visa. The financial and enterprise pathways remain fully operational — and far more structurally sound for serious investors and founders.
Capital to residency in Spain — without real estate.
Following Organic Law 1/2025, Spain closed its €500K property Golden Visa. The financial and enterprise pathways remain fully operational — and far more structurally sound for serious investors and founders.
Qualifying Financial Pathways & Thresholds
Real estate is no longer an eligible asset class for new residency applications. The current framework welcomes capital into Spain's financial and corporate ecosystems across four qualifying channels.
Spanish public debt instruments maintained for a minimum of 5 years. Highest capital threshold — lowest operational complexity.
Shares of closed-end investment funds or venture capital funds (Fondos de Capital Riesgo) set up and actively registered in Spain.
Stocks or shares of active Spanish companies with a verifiable, real business presence and operational activity inside Spain.
Stable bank deposits within authorized Spanish financial institutions. Most liquid and straightforward capital deployment option.
The Enterprise Pathway
For founders expanding their corporate footprint, Spain allows residency via a significant business project. There is no fixed minimum investment threshold. Instead, the project is evaluated by the relevant Economic and Commercial Office of the consular district on qualitative economic metrics.
Unlike the Entrepreneur Visa (which requires an ENISA certificate), the Enterprise Pathway is assessed directly by the consular authority — making it a distinct, separate route for high-impact corporate expansions.
Job Creation
A clear, structured plan for generating direct, sustainable employment positions inside Spain.
Socioeconomic Impact
A demonstrable positive contribution to the geographical area where the venture will operate.
Innovation Alignment
Strong alignment with scientific, technological, or industrial innovation that advances Spain's economic interests.
Core Legal & Personal Requirements
- Non-EU/EEA/Swiss CitizenshipThe program applies exclusively to non-European citizens.
- Clean Criminal RecordCertified check from country of origin and any nation of residence over the past 5 years. US applicants: FBI check. Canadian applicants: RCMP fingerprint check.
- Private Health InsuranceFull-coverage policy authorized in Spain — zero copayments (sin copagos) and no waiting periods.
- Valid PassportMinimum 1 year remaining validity and at least 2 blank pages.
- Spouse / Civil PartnerIncluded in the main application — full work and residence rights.
- Dependent Children (Any Age)Adult children must be unmarried and financially reliant on the primary applicant.
- Dependent Elderly ParentsEligible for family reunification under the investor framework.
- Per Dependent RequirementEach additional family member requires +100% IPREM (€7,200/year) in liquid savings or passive income.
Financial Sustainability Standard
Monthly IPREM index (€7,200 annually). Your liquid reserves must cover 400% IPREM for the main applicant plus 100% per dependent.
| Applicant Profile | Monthly | Annual Requirement |
|---|---|---|
| Main Applicant400% IPREM | €2,400 | €28,800 |
| Per Dependent Member+100% IPREM each | +€600 | +€7,200 |
Step-by-Step Application Process
“Misordering these steps leads to immediate administrative rejection — Nexa sequences every milestone precisely.”
From capital deployment to TIE card in hand — the full process takes approximately 4 to 5 months. The consulate holds a statutory 90-day review window after submission.
Capital Deployment & Certification
Execute your chosen investment (bank deposit, fund subscription, bond purchase, or favorable business plan report from the Economic and Commercial Office). Obtain your official ownership certificate.
Document Legalization & Sworn Translation
Apostille all foreign civil documents and criminal records. Every non-Spanish document must be translated by an official sworn translator (Traductor Jurado).
Visa Submission at the Consulate
Submit the complete file with National Visa Application forms and administrative fees to the Spanish Consulate. The consulate holds a statutory 90-day review window.
Landing in Spain & TIE Registration
Travel to Spain. Register your local address at the town hall (Empadronamiento) and book your National Police appointment to submit fingerprints for your TIE Foreigner Identity Card.
Long-Term Horizons
Initial Residency
1-year buffer if applied from abroad, or a 3-year authorization if initiated directly within Spain. No minimum days of physical presence required to maintain.
5-Year Renewal
Renewable for 5-year blocks. Must maintain the foundational investment capital and continue to meet financial sustainability criteria throughout the renewal period.
Permanent Residency (EU Long-Term)
After 5 years of continuous residence. Must not exceed 6 consecutive months outside the EU per year, or 10 total months outside Spain in the 5-year window. Capital can be liquidated.
Spanish Citizenship
Standard: 10 years. Ibero-Americans, Filipinos, Equatorial Guineans, Andorrans, and Sephardic Jews: 2 years. Dual citizenship permitted for qualifying nationals.
Property is out.
Capital and enterprise are in.
Organic Law 1/2025 permanently closed the €500K property route. The two remaining pathways are structurally stronger for serious investors.
At year 5, your legal status permanently uncouples from the investment — you can liquidate freely.
Explore My Options →Frequently Asked Questions
Can I still get a Spanish Golden Visa by purchasing a €500,000 property?
Am I required to live in Spain for a minimum number of days?
Can I include my family in the same application?
What happens if I decide to liquidate my investment before year 5?
What is the primary path for business relocation now that real estate is closed?
Does the Investor Visa automatically grant work rights in Spain?
Frequently Asked Questions
Can I still get a Spanish Golden Visa by purchasing a €500,000 property?
Am I required to live in Spain for a minimum number of days?
Can I include my family in the same application?
What happens if I decide to liquidate my investment before year 5?
What is the primary path for business relocation now that real estate is closed?
Does the Investor Visa automatically grant work rights in Spain?