Golden Visa Ibiza 2024: Alternatives and New Opportunities

Wealth Management

While the Golden Visa offers many benefits, there are other options that can be just as effective and better suited to different needs and situations.

We invite you to discover the many options that can open the doors to a new life abroad.

Join us on this informative journey and find the perfect alternative for you.

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Golden Visa Ibiza 2024: Alternatives and New Opportunities

The Golden Visa, a programme that has attracted investors from all over the world with the promise of residency in Spain, is coming to an end. 

This visa, which has made life easier for many entrepreneurs and property buyers, has been an open door to the European Union. 

In this article, we will present you with viable alternatives so that you can continue to fulfil your investment dreams in Spain in 2024.

Golden Visa in Ibiza: Alternatives

Although the Golden Visa will be abolished in 2024, there are several alternatives for investors interested in obtaining residency in Spain. Here we explore the main options:

1. Non-Profit Residence Visa

Features:

  • Minimum investment: No specific investment required.
  • Requirements: Proof of sufficient resources to support yourself without working in Spain, private medical insurance and no criminal record.
  • Duration and renewal: Initially valid for one year, renewable for two years and then for five years.

Advantages:

  • No initial investment in assets required.
  • Ideal for those who wish to live in Spain without making commercial investments.

2. Entrepreneur Visa

Features:

  • Minimum investment: Depends on the project, but generally requires a certain minimum investment.
  • Requirements: Submission of an innovative and viable business plan and evidence of sufficient funding.
  • Duration and renewal: The visa is valid for one year, renewable for two years and then for five years as long as the business remains operational.

Advantages:

  • Opportunity for entrepreneurs with innovative projects.
  • Possibility of accessing aid and support from the Spanish government.

3. Telework Visa

Features:

  • Minimum investment: No significant initial investment required.
  • Requirements: Work contract with a company outside Spain, proof of sufficient income and private health insurance.
  • Duration and renewal: Generally valid for one year, with the possibility of annual renewal.

Advantages:

  • Ideal for digital nomads and remote workers.
  • Flexibility to work from anywhere in Spain.

4. Investment in Real Estate

Features:

  • Minimum investment: Approximately 500,000 euros.
  • Requirements: Purchase of a property with a minimum value.
  • Duration and renewal: Residency is granted for an initial period of two years, renewable for additional periods of two years.

Advantages:

  • Allows you to benefit from the Spanish property market.
  • Possibility of obtaining residency through property investment.

5. Investment in Alternative Investment Funds (AIF)

Features:

  • Minimum investment: 2 million euros.
  • Requirements: Investment in funds supporting social impact projects. Residence permit required for investors and family.

Benefits:

  • Contribution to projects with a positive social impact.
  • Residence for the whole family of the investor.

6. Investment in Scientific Research and Technological Innovation Projects

Features:

  • Minimum investment: 1 million euros.
  • Requirements: Investment in duly accredited R&D&I projects. Allows the investor and his/her family to obtain residence permits.

Benefits:

  • Promotion of research and technological development in Spain.
  • Guaranteed residence for the investor and his family.

7. Investment in Companies of Special Singularity

Features:

  • Minimum Investment: 500,000 euros.
  • Requirements: Investment in companies with high economic and social impact. Allows the investor and his family to obtain a residence permit.

Benefits:

  • Support for companies with high growth potential and social benefits.
  • Facilitated family residency.

Advice for Investors

Which alternative is best for you? To answer this question, you need to analyse your objectives, investment capacity and preferences:

Investor Profile:

  • Individual: If you are looking for flexibility and freedom, the non-profit residence visa or property investment may be attractive.
  • Family: The Entrepreneur Visa or the Investment in Companies of Special Singularity allow you to settle with your family and build a future in Spain.
  • Business: Investing in Alternative Investment Funds (AIF) or Investing in Scientific Research and Technological Innovation Projects gives you the opportunity to make a positive impact on society while obtaining residency.

Investment Objectives:

  • Residency: All alternatives allow you to obtain residency in Spain.
  • Business: The Entrepreneur Visa and the Investment in Companies of Special Singularity focus on the creation of or investment in companies.
  • Social Impact: Investments in Alternative Investment Funds (FIA) and Investments in Scientific Research and Technological Innovation Projects allow you to contribute to social and technological development.
  • Diversification: Investing in real estate gives you a tangible investment with the potential for capital appreciation.

Investment capacity:

  • High: Options with higher minimum investment (Alternative Investment Funds (AIF): €2 million, R&D&I projects: €1 million, Companies of Special Singularity: €500,000) offer benefits such as streamlining the residency process.
  • Medium: The Entrepreneur Visa (€500,000) and Real Estate Investment (€500,000) allow you to invest in smaller projects.
  • Low: The Non-Profit Residence Visa (€2,400/month) allows you to reside without a significant initial investment.

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