Spain Golden Visa 2026: Current Status & Alternatives | Paton & Mayr

GOLDEN VISA & RESIDENCY

Spain Golden Visa 2026: What Happened and What Are Your Options Now?

Spain's Golden Visa program was officially cancelled in April 2025. If you were planning to use it to obtain residency through a real estate investment, you will need to consider the alternatives available today.This guide explains what the Golden Visa was, why it ended, what happens to pending applications, and which residency options are available for US and international investors in 2026.

Program Status: Closed

The Spain Golden Visa is no longer available for new applications as of April 3, 2025. If you submitted a complete application before the closing date, your case may still be processed. If you are starting the process now, the Golden Visa route is closed.

What Was the Spain Golden Visa?

The Spain Golden Visa was a residency-by-investment program launched in 2013 that allowed non-EU nationals to obtain a Spanish residence permit by making a qualifying investment in Spain. The most popular route was purchasing real estate worth at least €500,000.The visa offered the right to live and work in Spain, visa-free travel across the Schengen Area, and a pathway to permanent residency and citizenship after several years of continuous residence.

When Did Spain End the Golden Visa Program?

The Spanish government announced the cancellation of the Golden Visa in January 2025, citing concerns about its impact on housing affordability — particularly in high-demand cities like Madrid, Barcelona and the Balearic Islands.The program officially closed to new applications on April 3, 2025.

Is the Spain Golden Visa Still Available in 2026?

⚠ Important Notice Some websites still describe the Spain Golden Visa as active. This information is outdated. The program closed to new applications on April 3, 2025. If you have an application in progress or are unsure of your situation, speak with a qualified attorney before taking any action.

No. The Spain Golden Visa is no longer available for new applications as of April 2025. If you submitted a complete application before the closing date, your application may still be processed under the previous rules. If you are starting the process now, the Golden Visa route is closed.

What Are the Residency Alternatives for US and International Investors in 2026?

Spain still offers several legal pathways to residency for non-EU nationals. The right option depends on your personal situation, income sources and investment goals.

Most Popular in 2026

Digital Nomad Visa

For remote workers and freelancers working for companies outside Spain.

  • Min. income ~€2,762/month
  • Valid 1 year, renewable to 5
  • Right to work remotely
  • Beckham Law eligible
For passive income

Non-Lucrative Visa

For retirees or investors with sufficient passive income or savings.

  • Min. income ~€28,800/year
  • Health insurance required
  • No right to work locally
  • Path to permanent residency
For founders & investors

Entrepreneur Visa

For founders and investors establishing a business of general interest in Spain.

  • Requires business plan approval
  • Government assessment required
  • More complex process
  • Right to work in Spain
No residency needed

Invest Without Residency

US citizens can purchase property in Spain without any residency visa.

  • No restrictions on foreign ownership
  • Buy and manage remotely
  • Power of attorney available
  • Non-resident tax obligations apply

Golden Visa vs Current Alternatives — 2026

Golden Visa Digital Nomad Non-Lucrative
Status Closed Apr 2025 Active Active
Investment required €500,000 real estate None None
Min. income None ~€2,762/month ~€2,400/month
Right to work Yes Yes (remote only) No
Schengen travel Yes Yes Yes
Path to permanent residency Yes (5 years) Yes (5 years) Yes (5 years)
Beckham Law eligible No Yes No

Do I Need a Lawyer for Spanish Residency Applications?

While it is technically possible to apply for a Spanish visa without legal representation, working with an experienced attorney significantly reduces the risk of delays, rejections or errors in your application.Spanish immigration and residency processes involve strict documentation requirements, deadlines and administrative procedures that are easy to get wrong without specialist guidance — especially when navigating them from abroad.Our team has helped US and international clients through Spanish residency processes for over 20 years. We advise on the most appropriate route for your situation, prepare and review all documentation, and represent you before the relevant Spanish authorities.

Let us help you find the right path for your situation

Not sure which path is right for you? Contact us and we will help you identify the best option based on your personal situation, income sources and investment goals. We do not process visa applications — we provide the legal and strategic advice you need to make the right decision.

Frequently Asked Questions

Did Spain cancel the Golden Visa?

Yes. Spain officially closed the Golden Visa program to new applications on April 3, 2025. The government cited concerns about housing affordability in high-demand urban areas. Applications submitted before the closing date may still be processed under the previous rules.

No. The Spain Golden Visa is no longer available for new applications. The main alternatives are the Digital Nomad Visa, the Non-Lucrative Residence Visa, and the Entrepreneur Visa.

Applications submitted before April 3, 2025 may still be processed. If you have an application in progress, consult with a qualified attorney to understand the current status and whether any additional steps are required.

Yes. US citizens can purchase property in Spain without any residency visa. There is no restriction on foreign ownership of real estate in Spain. If you also want to reside in Spain, you will need to apply for a separate residency permit.

The Spanish Digital Nomad Visa allows non-EU nationals who work remotely for companies or clients outside Spain to live legally in Spain. It requires proof of remote employment and a minimum monthly income of approximately €2,762. Valid for one year, renewable for up to five.

It is not legally required, but strongly recommended. Spanish residency applications involve complex documentation, strict deadlines and administrative processes that are difficult to navigate from abroad. Working with an experienced attorney significantly reduces the risk of delays and rejections.

CP
Carlos Paton
Real Estate & Immigration Lawyer · Paton & Mayr
Last updated: June 2026
carlosluque
Partner at Paton & Mayr Lawyers

Carlos has over 20 years of experience advising foreign investors through every stage of buying property in Spanish (real estate law, conveyancing, cross-border tax structuring, and more). His team operates from Barcelona, Madrid, and Alicante. Serving clients across Catalonia, Costa del Sol, and Costa Blanca with integrated legal, fiscal, and property law services.

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