Residency by investment
SpainSpain Passive Income Visa · Residency in Spain after the Golden Visa
- From
- EUR 150,000
- Timeline
- About 2 months
Why Spain
Where Europe feels like home
Climate, food and everyday safety, in a country families choose to live in.
Full access to Spanish education for your children.
A public and private system among the strongest in Europe.
Move freely across the Schengen area. ↗
Your spouse and dependent children apply with you.
How you qualify
Routes to residency in Spain
Passive Income Visa
from EUR150,000
Residency backed by an investment in Spain. An Orience solution.
Our solutionSpain closed its Golden Visa on 3 April 2025. Existing permits remain valid.
Our solution
Spain · fromEUR 150,000
A qualifying route designed by Orience with our partners in Spain. Our team shares the details with each family personally.
An Orience advisor will send you the program brochure.
Legal framework
The law behind the residency
The figures on this page come from the law of Spain, the official pages of its authorities or the documentation of our own projects. We check them regularly.
- Last regulatory update
- 20 May 2025. The new Immigration Regulation (Royal Decree 1155/2024), in force since 20 May 2025, sets the means for the non-lucrative residence at 400% of IPREM plus 100% per family member and requires more than 183 days a year in Spain to renew. Source ↗
- Information checked
- Reviewed by the Orience legal team
- 2 November 2026
Last change: 2025
Spain's Golden Visa was abolished with effect from 3 April 2025 (Organic Law 1/2025). Applications filed before that date follow the previous rules, and permits in force keep their validity and renewals. Since 20 May 2025, the non-lucrative residence is governed by the new Immigration Regulation.
See all legislation (6)
How the program has changed
-
Sep 2013
Law 14/2013 creates the investor visa (Golden Visa). Law 14/2013 of 27 September ↗
-
Apr 2025
The Golden Visa is abolished; pending applications and permits keep their rules. Organic Law 1/2025 of 2 January, final provision 21 ↗
-
May 2025
The new Immigration Regulation governs the non-lucrative residence. Royal Decree 1155/2024 of 19 November ↗
Legislation in force
| Legislation | What it covers | Published |
|---|---|---|
| Organic Law 1/2025 of 2 January, final provision 21 (end of the Golden Visa) ↗ | Abolished the Golden Visa from 3 April 2025 | Official State Gazette (BOE) No. 3, 3 January 2025; effective 3 April 2025 · 2 January 2025 |
| Law 14/2013 of 27 September (Entrepreneurs Law), arts. 63-67 (repealed) and transitional provisions ↗ | Former investor visa and transitional rules | BOE, consolidated text · 27 September 2013 |
| Royal Decree 1155/2024 of 19 November (Immigration Regulation), arts. 39 and 61-64 ↗ | Non-lucrative residence: means, duration and renewal | BOE No. 280, 20 November 2024; in force 20 May 2025 · 19 November 2024 |
| Organic Law 4/2000 of 11 January (Immigration Law), arts. 30 bis and 31 ↗ | General rights and obligations of foreigners in Spain | BOE, consolidated text · 11 January 2000 |
| Law 31/2022 of 23 December (2023 State Budget), additional provision 90 (IPREM) ↗ | IPREM, the income reference index | BOE; extended for 2026 · 23 December 2022 |
| Royal Decree-Law 3/2026 of 3 February (pension revaluation), preamble (IPREM extension) ↗ | Confirms the IPREM in force for 2026 | BOE-A-2026-2548 · 3 February 2026 |
Sources of the figures (4)
| # | Source | Used for |
|---|---|---|
| 1 | BOE – RD 1155/2024, art. 61.1 ↗ | From |
| 2 | BOE – RD 1155/2024, art. 63.4; Information sheet 6 ↗ | Visa in |
| 3 | BOE – RD 1155/2024, art. 61.4; Information sheet 6 ↗ | Permit |
| 4 | Convention implementing the Schengen Agreement, art. 21 (EUR-Lex) ↗ | Travel · Schengen travel |
FAQs · Spain
What families ask about Spain
Short answers, each with its legal basis. Your advisor goes through the rest with you.
All questions, by countryWho can apply?
Non-EU nationals who can support themselves and their family in Spain without working can apply for the non-lucrative residence, the legal basis of the Orience Passive Income Visa. You apply at the Spanish consulate of your place of residence, with proof of sufficient means, health insurance and a clean criminal record. Spain's Golden Visa was abolished on 3 April 2025 and is no longer available.
Legal basis: Immigration Regulation (Royal Decree 1155/2024), art. 61; Organic Law 1/2025, final provision 21 ↗
What are the financial requirements?
You must show stable income or savings of at least 400% of the IPREM per month, plus 100% of the IPREM for each family member. With the IPREM at EUR 600 a month in 2026, that is EUR 2,400 a month for the main applicant and EUR 600 more per dependant, usually proven for the first year with bank statements, pensions, rents or investment income.
Legal basis: Royal Decree 1155/2024, art. 62.1; Law 31/2022, additional provision 90 (IPREM) ↗
What is the Orience Passive Income Visa?
It is the name Orience gives to its own solution built on the non-lucrative residence: a structure, from EUR 150,000, that generates the passive income the law requires while your capital stays invested. The law does not set an investment amount; it sets an income test, and our solution is designed to meet it. We explain the structure to each family personally.
Legal basis: Royal Decree 1155/2024, art. 62 ↗
What happened to the Golden Visa?
Organic Law 1/2025 left articles 63 to 67 of the Entrepreneurs Law without content, so Spain stopped accepting investor visa applications on 3 April 2025. Applications filed before that date are decided under the previous rules, and permits that were valid on that date keep their validity and are renewed under the rules in force when first granted.
Legal basis: Organic Law 1/2025, final provision 21 and transitional provisions ↗
How can I become a citizen?
Spanish nationality by residence requires ten years of legal, continuous residence immediately before the application, reduced to two years for nationals of Ibero-American countries, Andorra, the Philippines, Equatorial Guinea or Portugal and for Sephardic Jews, and to one year for spouses of Spaniards and for people born in Spain. You pass the DELE A2 Spanish test and the CCSE civics test of the Instituto Cervantes, and renounce your previous nationality unless you come from one of those countries. The law does not set a number of days abroad, but the residence must be continuous.
Legal basis: Civil Code, arts. 22, 23 and 24 (BOE); Law 19/2015, seventh final provision; Royal Decree 1004/2015, art. 6 ↗
Who can I include?
Your spouse, registered partner or proven stable partner, your unmarried minor children and those of your partner, and adult children who have a disability that requires support or who cannot objectively provide for their own needs because of their health. Each family member adds 100% of the IPREM to the means you must prove.
Legal basis: Royal Decree 1155/2024, art. 61.3 and art. 62.1(b) ↗
Can my children study in Spain?
Yes. Children included in your residence authorization can attend school in Spain, and the public system is compulsory and free from six to sixteen for every resident child. Adult children can enroll in Spanish universities under the same conditions as other residents. Ask your advisor about schooling options in the city you choose.
Legal basis: Royal Decree 1155/2024, art. 61.3 ↗
How long does it take?
The Immigration Office has one month to decide on the residence authorization, and the consulate has one month to issue the visa once the authorization is approved: about two months in total, depending on the workload of the consulate and the office. If there is no decision within those periods, the application is considered refused, although it can still be decided favorably later.
Legal basis: Royal Decree 1155/2024, arts. 39.5 and 63.4 ↗
Do I need to travel to Spain to apply?
No. The visa is requested at the Spanish consulate of your country of residence, in person or through a representative where the consulate allows it. Once the visa is issued, you enter Spain within three months of the visa being issued and request your residence card (TIE) in person within one month of arrival.
Legal basis: Royal Decree 1155/2024, arts. 63.5 and 64 ↗
What documents do I need?
A passport, the application forms, proof of sufficient means for the first year, private or public health insurance valid in Spain, a criminal record certificate from the countries where you lived in the last five years and a medical certificate, all legalized or apostilled and translated into Spanish. The consulate may ask for an interview or additional documents.
Legal basis: Royal Decree 1155/2024, art. 62; Spanish Consulate in London ↗
Do I need to live in Spain?
Yes, if you want to renew. The regulation requires actual and effective residence in Spain for more than 183 days during the calendar year to renew the authorization, and the first authorization lasts one year from your entry. If you plan to spend most of the year elsewhere, ask your advisor about other options.
Legal basis: Royal Decree 1155/2024, art. 64.2(f) ↗
Can I work in Spain?
No. The non-lucrative residence does not allow any work or professional activity in Spain. You live on your own means and can manage your investments abroad. If you later want to work, you apply to change to a work authorization once you meet its requirements.
Legal basis: Royal Decree 1155/2024, art. 61.1 ↗
Can I travel in the Schengen area?
Yes. A Spanish residence card lets you travel to the other Schengen countries without a visa for up to 90 days in any 180-day period, under the Convention implementing the Schengen Agreement. It does not allow you to live or work in another Schengen country.
Legal basis: Convention implementing the Schengen Agreement, art. 21 ↗
How do I renew the permit?
The first authorization lasts one year and each renewal two years. You apply in the 60 days before it expires, with updated proof of means and insurance and proof that you spent more than 183 days a year in Spain. The Immigration Office has three months to decide, and silence means approval.
Legal basis: Royal Decree 1155/2024, art. 64.7 and 64.8 ↗
Does the permit make me a tax resident in Spain?
Not by itself, but living in Spain more than 183 days a year, which this permit requires for renewal, is the main test of tax residence under Spanish law, so most holders become tax residents. Plan this with a tax advisor before you move; Orience can introduce you to one.
Legal basis: Royal Decree 1155/2024, art. 64.2(f); Personal Income Tax Law 35/2006, art. 9 ↗
Are there other visas to live in Spain?
Yes. Spain distinguishes between visas, which let you enter the country, and residence authorizations, which let you live there. Besides the non-lucrative residence, there are routes for remote workers (the Digital Nomad Visa), highly qualified professionals, intra-company transfers, entrepreneurs and students, and other residence authorizations, such as residence and work for people hired from their country of origin. Each has its own requirements. An Orience advisor compares them with your situation.
Legal basis: Organic Law 4/2000 and Royal Decree 1155/2024; Law 14/2013 (Entrepreneurs Law) ↗
Does this route really qualify for residency?
Yes. The Orience Passive Income Visa is designed to meet the official requirements of the program, set out in the law linked below, which is the route your family applies through. Your advisor explains how the solution fits the program before you commit to anything.
Legal basis: Royal Decree 1155/2024, art. 62 ↗
Who stands behind it?
Orience, a European firm with more than a decade of experience in citizenship and residency by investment, together with our local partners in Spain. Your advisor shares the details with each family personally.
What happens to my investment when I no longer need the residency?
The holding period and the exit conditions are set out in the program documentation that your advisor sends you before you decide. We do not publish them on this page, because they depend on the route you choose and on the rules in force when you apply. Go through that documentation with your advisor and with your own advisors.
Why not invest on my own?
You can, and the law does not require you to invest through Orience. Our solution is designed so that the investment and the residence permit fit together from the start, with the documents and the timing the program expects, and our team accompanies you from the first conversation to the permit and its renewals. Many families prefer one team responsible for the whole process. In our experience, holding the funds in a Spanish bank account also makes it easier to prove that the means exist and are available in Spain.
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Spain program lead
Talk to an advisor who knows your country.
Your request goes to the Orience advisor closest to you, with the support of our Spain team.
Luis Miranda
Client Relationship Manager · Orience Madrid