Residency Options Beyond the Golden Visa

Residency Options Beyond the Golden Visa

in Marbella, Spain

 

Are you interested in living in Marbella, Spain, but concerned about the recent changes to the Golden Visa program? Don’t worry! While the program is indeed being phased out, there are still several residency options available for non-EU citizens. Marbella Dream Living, a reputable real estate agency with over 30 years of experience in the region, can guide you through the process. They’ve established themselves as a trusted partner for international clients seeking to invest in Marbella’s thriving property market. Their comprehensive services include property purchase assistance, legal and tax advice, and even property management.

The Golden Visa program, introduced in 2013, allowed foreign investors to gain residency in Spain by investing over €500,000 in Spanish property. However, due to concerns that the program inflated property prices, making it difficult for locals to afford homes, the Spanish government is phasing it out.

Let’s delve into some of residency options beyond the Golden Visa in Marbella:

  • Non-Lucrative Visa: This visa is a popular choice for many of Marbella Dream Living’s clients. It grants unlimited residency in Spain. A significant advantage compared to the Schengen Visa’s 90-day stay limit within a 180-day period. However, to qualify, you’ll need to demonstrate financial self-sufficiency. The minimum annual income requirement is €28,800 for the main applicant, with additional amounts needed for dependents.
  • Digital Nomad Visa: Calling all remote workers! If you earn your income from outside of Spain, the Digital Nomad Visa might be your perfect fit. This visa grants residency. It also, allows you to live and work remotely from Spain. It also boasts tax benefits, including exemption from wealth tax for British citizens.
  • Work Visa: If you have secured employment with a Spanish company, a Work Visa can be your path to residency. The process typically involves your employer sponsoring your visa application and demonstrating that the position couldn’t be filled by a Spanish or EU citizen
  • Short-Stay Schengen Visa: If you’re planning a short visit to Spain, perhaps for property hunting purposes, the Short-Stay Schengen Visa is the most suitable option.

Even without the Golden Visa, Marbella remains an attractive investment destination. Here’s why:

  • Stability and Growth: Spain boasts a stable economy with strong infrastructure. The property market in Marbella continues to experience long-term growth, making it a sound investment.

  • Thriving Tourism: As a popular tourist destination, Marbella offers a thriving rental market. Whether you choose to live in your property or rent it out, you can expect good returns.

  • Exceptional Quality of Life: Beyond its economic advantages, Marbella offers an exceptional quality of life. The region is steeped in rich cultural heritage and promotes a healthy Mediterranean lifestyle.

Residency Options Beyond the Golden Visa in Marbella, Spain

Marbella Dream Living understands that navigating residency options can be complex. Their team of experts is there to answer your questions, address your concerns, and guide you towards the most suitable residency path for your situation. So, if you’ve always dreamed of living in beautiful Marbella, don’t be discouraged by the changes to the Golden Visa program. With Marbella Dream Living as your partner, you can explore the various residency options beyond the Golden Visa and make your dream a reality.

Contact us today