Visa Options after the Golden Visa expiration
The Costa del Sol, with its pristine beaches, world-class golf courses, and luxurious lifestyle, continues to be a prime destination for affluent Americans seeking to invest in high-end real estate. From sprawling villas in exclusive neighborhoods to modern beachfront apartments, the region offers a variety of real estate options. However, before making such an investment, it is important to understand the available visa options that can grant you residency and allow you to enjoy the Mediterranean lifestyle.
While the Golden Visa—which has been a popular option for investors—may soon be expiring, there are still numerous opportunities for Americans to secure residency and make the Costa del Sol their home. Let’s explore the different visa routes and investment options available to Americans wishing to experience the luxury living of this remarkable region.
1. The Spain Golden Visa options for Americans in Costa del Sol: Ending Soon, But Still a Great Option for Investors
The Spain Golden Visa has been a top choice for non-EU investors, offering residency in exchange for a qualifying investment in Spanish real estate. This visa allows investors and their families to live, work, and travel within Spain, and even across the entire Schengen Area. However, there is an important update to consider: the Golden Visa program is set to expire soon, meaning interested investors must act quickly to secure their residency through this route.
To qualify for the Golden Visa, Americans must invest at least €500,000 in Spanish real estate.
Once approved, the visa grants residency to the investor and their immediate family, including their spouse and dependent children. The program also provides the flexibility of not requiring a minimum stay, which is ideal for those looking to split their time between the U.S. and Spain.
While the Golden Visa has been a popular and convenient option for investors in the Costa del Sol, the impending expiration of the program means that those interested in making the most of this opportunity should move forward quickly to secure their investment.
2. Non-Lucrative Visa options for americans in Costa del Sol: A Viable Option for Retirees and Expat Families
For those who are not pursuing business ventures in Spain but still wish to live on the Costa del Sol, the Non-Lucrative Visa offers an alternative. This visa is ideal for retirees, remote workers, and individuals who can support themselves financially without the need for Spanish income. It is perfect for those who want to immerse themselves in the region’s laid-back lifestyle without the obligation to work.
To qualify, applicants must demonstrate that they have sufficient funds to cover their living expenses in Spain, typically proving at least €2,000 per month in income.
This amount increases based on the number of family members applying. The Non-Lucrative Visa also allows you to reside in Spain for up to one year, and it can be renewed for up to five years.
For families, this visa also offers an opportunity to live in the Costa del Sol while sending children to international schools such as the Aloha College Marbella or International College of Marbella, ensuring that education remains a top priority while enjoying the Mediterranean lifestyle.
3. Entrepreneur Visa options for americans in Costa del Sol: Ideal for Those Looking to Start a Business
For American investors interested in starting a business on the Costa del Sol, the Entrepreneur Visa is another option to consider. If you are planning to establish a business or invest in an existing company, this visa allows you to reside in Spain and operate your business within the country.
The Entrepreneur Visa is designed for individuals who plan to contribute to the Spanish economy by offering innovative services, creating jobs, or investing in high-growth industries. For those with a passion for the luxury real estate sector or related fields, this visa offers the flexibility to run a business while enjoying the benefits of living in Costa del Sol.
4. Family Reunification Visa options for americans in Costa del Sol: Bringing Your Loved Ones to Costa del Sol
If you’re already living in Spain and want to bring your family to join you, the Family Reunification Visa allows you to sponsor your spouse, children, and dependent parents. This visa is ideal for Americans who have obtained residency on the Costa del Sol through another visa and wish to ensure their loved ones can enjoy the same lifestyle.
Once approved, family members will have the right to live, work, and study in Spain, just like the primary visa holder. The Costa del Sol is home to several excellent international schools and cultural amenities, making it a great place for families to live and thrive.
5. Temporary Resident Visa options for americans in Costa del Sol: For Those Who Want to Explore First
If you’re not ready to commit to a long-term move to the Costa del Sol, the Temporary Resident Visa may be the perfect fit. This visa allows you to stay in Spain for up to one year, with the option to extend it for up to five years. The Temporary Resident Visa is ideal for those who want to explore life on the Costa del Sol before deciding whether to make a permanent relocation.
This visa is particularly suitable for individuals or families looking to experience the luxury lifestyle of the Costa del Sol first-hand—whether that means staying in a private villa, enjoying world-class golf, indulging in the finest restaurants, or exploring the Mediterranean coastline.
Why the Costa del Sol Remains a Top Destination for American Expats
Despite changes to visa programs, the Costa del Sol continues to attract wealthy individuals and families looking for a high quality of life. The region is renowned for its beautiful landscapes, charming towns, excellent healthcare, and renowned international schools, making it a top choice for expats, retirees, and business owners alike.
Costa del Sol also offers a wealth of leisure activities, from world-class golf courses to luxury marinas in places like Puerto Banús. The region is famous for its vibrant beach clubs, gourmet dining, and upscale shopping, providing an enviable lifestyle for those who choose to live here.
Whether you want to enjoy a luxurious villa or an elegant apartment by the beach, the Costa del Sol is the perfect setting to make your real estate investment, all while experiencing the best of the Mediterranean.
Conclusion: Exploring Other Residency Options After the Golden Visa Expiration
While the expiration of the Golden Visa program is fast approaching, there are still numerous visa options available for Americans who wish to invest in luxury real estate and experience the Costa del Sol lifestyle. From the Non-Lucrative Visa to the Entrepreneur Visa, you can find the perfect residency option that suits your personal circumstances. By securing the right visa, you can enjoy everything the Costa del Sol has to offer, from stunning properties and world-class amenities to a laid-back yet luxurious lifestyle.
For those interested in making a move, SurdelSur Properties is here to guide you through both your real estate investment and the visa process, ensuring that your transition to the Costa del Sol is seamless.