{"id":3324,"date":"2024-01-08T09:10:43","date_gmt":"2024-01-08T09:10:43","guid":{"rendered":"https:\/\/almarlawyers.com\/?p=3324"},"modified":"2024-05-05T06:24:01","modified_gmt":"2024-05-05T06:24:01","slug":"moving-to-ibiza-golden-visa-vs-nomad-visa","status":"publish","type":"post","link":"https:\/\/almarlawyers.com\/moving-to-ibiza-golden-visa-vs-nomad-visa","title":{"rendered":"Moving to Ibiza: Golden Visa vs. Nomad Visa"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container has-pattern-background has-mask-background fusion-parallax-none nonhundred-percent-fullwidth non-hundred-percent-height-scrolling lazyload\" style=\"--awb-background-blend-mode:overlay;--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:90px;--awb-padding-right:0px;--awb-padding-bottom:90px;--awb-padding-left:0px;--awb-background-color:rgba(0,0,0,0.45);--awb-background-size:cover;--awb-flex-wrap:wrap;\" data-bg=\"https:\/\/almarlawyers.com\/wp-content\/uploads\/2024\/01\/IMG_4436-r-1024x683.jpg\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-scroll-devices=\"small-visibility,medium-visibility,large-visibility\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-1 fusion-sep-none fusion-title-center fusion-title-text fusion-title-size-one\" style=\"--awb-text-color:#ffffff;\"><h1 class=\"fusion-title-heading title-heading-center\" style=\"margin:0;\">Moving to Ibiza: Golden Visa vs. Nomad Visa<\/h1><\/div><div class=\"fusion-text fusion-text-1\"><h4 style=\"text-align: center;\"><span style=\"color: #ffffff;\">Wealth Management<\/span><\/h4>\n<\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_3 1_3 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:33.333333333333%;--awb-margin-top-large:0px;--awb-spacing-right-large:5.76%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:5.76%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-top:90px;margin-bottom:90px;width:100%;\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-top:90px;margin-bottom:90px;width:100%;\"><\/div><div class=\"fusion-testimonials clean awb-speech-bubble-show fusion-testimonials-1\" style=\"--awb-textcolor:#808080;--awb-backgroundcolor:#ffffff;--awb-testimonial-border-style:solid;--awb-testimonial-border-color:var(--awb-color3);--awb-navigation-size:12px;--awb-border-top-left-radius:0px;--awb-border-top-right-radius:0px;--awb-border-bottom-left-radius:0px;--awb-border-bottom-right-radius:0px;--testimonial-border-width-top:0px;--testimonial-border-width-right:0px;--testimonial-border-width-bottom:0px;--testimonial-border-width-left:0px;\" data-random=\"0\" data-speed=\"4000\"><div class=\"reviews\"><div class=\"review active-testimonial avatar-above no-avatar\"><blockquote class=\"testimonials-shortcode-blockquote\"><div class=\"awb-quote\"><div class=\"awb-quote-content\">\n<p>Living in Ibiza is an important decision that will change your life completely.<\/p>\n<p>The process of applying for a visa that suits your needs can be complicated.<\/p>\n<p>The assistance of a lawyer will ensure that all legal steps are taken correctly and smoothly.<\/p>\n<\/div><\/div><\/blockquote><div class=\"author\"><span class=\"company-name\"><\/span><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_2_3 2_3 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:66.666666666667%;--awb-margin-top-large:0px;--awb-spacing-right-large:2.88%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:2.88%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-top:5%;width:100%;\"><\/div><div class=\"fusion-text fusion-text-2\" style=\"--awb-margin-top:5%;\"><p><strong>Table Of Contents<\/strong><\/p>\n<\/div><div class=\"awb-toc-el awb-toc-el--1\" data-awb-toc-id=\"1\" data-awb-toc-options=\"{&quot;allowed_heading_tags&quot;:{&quot;h2&quot;:0,&quot;h3&quot;:1},&quot;ignore_headings&quot;:&quot;&quot;,&quot;ignore_headings_words&quot;:&quot;&quot;,&quot;enable_cache&quot;:&quot;yes&quot;,&quot;highlight_current_heading&quot;:&quot;no&quot;,&quot;hide_hidden_titles&quot;:&quot;yes&quot;,&quot;limit_container&quot;:&quot;all&quot;,&quot;select_custom_headings&quot;:&quot;&quot;,&quot;icon&quot;:&quot;fa-flag fas&quot;,&quot;counter_type&quot;:&quot;none&quot;}\" style=\"--awb-margin-bottom:90px;\"><div class=\"awb-toc-el__content\"><ul class=\"awb-toc-el__list awb-toc-el__list--0\"><li class=\"awb-toc-el__list-item\"><\/li><li class=\"awb-toc-el__list-item\"><a class=\"awb-toc-el__item-anchor\" href=\"#toc_Moving_to_Ibiza_Golden_Visa_vsNomad_Visa\">Moving to Ibiza: Golden Visa vs.Nomad Visa<\/a><\/li><li class=\"awb-toc-el__list-item\"><a class=\"awb-toc-el__item-anchor\" href=\"#toc_Golden_Visa_A_gateway_to_Ibiza\">Golden Visa: A gateway to Ibiza<\/a><ul class=\"awb-toc-el__list awb-toc-el__list--1\"><li class=\"awb-toc-el__list-item\"><a class=\"awb-toc-el__item-anchor\" href=\"#toc_Application_Requirements_and_Documentation\">Application Requirements and Documentation<\/a><\/li><li class=\"awb-toc-el__list-item\"><a class=\"awb-toc-el__item-anchor\" href=\"#toc_The_charm_of_Ibiza_and_the_Golden_Visa\">The charm of Ibiza and the Golden Visa<\/a><\/li><\/ul><\/li><li class=\"awb-toc-el__list-item\"><a class=\"awb-toc-el__item-anchor\" href=\"#toc_Digital_Nomad_Visa_Remote_Workers_and_Digital_Nomads\">Digital Nomad Visa: Remote Workers and Digital Nomads.<\/a><ul class=\"awb-toc-el__list awb-toc-el__list--1\"><li class=\"awb-toc-el__list-item\"><a class=\"awb-toc-el__item-anchor\" href=\"#toc_Requirements_and_documentation\">Requirements and documentation<\/a><\/li><li class=\"awb-toc-el__list-item\"><a class=\"awb-toc-el__item-anchor\" href=\"#toc_Destination_Spain_with_the_Nomad_Visa\">Destination Spain with the Nomad Visa<\/a><\/li><\/ul><\/li><li class=\"awb-toc-el__list-item\"><a class=\"awb-toc-el__item-anchor\" href=\"#toc_Golden_Visa_Vs_Nomad_Visa\">Golden Visa Vs Nomad Visa<\/a><ul class=\"awb-toc-el__list awb-toc-el__list--1\"><li class=\"awb-toc-el__list-item\"><a class=\"awb-toc-el__item-anchor\" href=\"#toc_Recent_Posts\">Recent Posts<\/a><\/li><\/ul><\/li><\/ul><\/div><\/div><div class=\"fusion-title title fusion-title-2 fusion-sep-none fusion-title-text fusion-title-size-two\"><h2 class=\"fusion-title-heading title-heading-left\" style=\"margin:0;\"><h2>Moving to Ibiza: Golden Visa vs.Nomad Visa<\/h2><\/h2><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;width:100%;\"><\/div><div class=\"fusion-text fusion-text-3\"><p>If you&#8217;re thinking of moving to Ibiza, you may be wondering which type of visa is best for you.<\/p>\n<p>Here we&#8217;ll look at the main differences between the Golden Visa and the Nomad Visa, two popular options for those looking to settle in Spain.<\/p>\n<h2>Golden Visa: A gateway to Ibiza<\/h2>\n<p>The Golden Visa is a residence permit for foreign investors in Spain. Unlike other types of visas, it offers the flexibility of not requiring physical residence in Spain, allowing holders to maintain their tax residence outside the country as long as they do not spend more than 183 days per year in Spain.<\/p>\n<h3>Application Requirements and Documentation<\/h3>\n<p>The Golden Visa may be applied for by the investor himself or by a duly accredited representative appointed by him to manage a project of general interest.<\/p>\n<p>The investment may also be made through a legal entity. Application requirements include:<\/p>\n<ul>\n<li>Passport.<\/li>\n<li>Public or private medical insurance.<\/li>\n<li>Criminal record certificate.<\/li>\n<li>Have not been refused a Schengen visa.<\/li>\n<li>Proof of investment.<\/li>\n<li>Proof of having the financial means to stay in Spain.<\/li>\n<\/ul>\n<h3>The charm of Ibiza and the Golden Visa<\/h3>\n<p>Whether investing in property, contributing to local projects or creating jobs, the benefits are clear: a residence on the island and the possibility of travelling freely throughout the European Union.<\/p>\n<p>To obtain the Golden Visa, a significant capital investment is required. Investment options include:<\/p>\n<ul>\n<li>Acquisition of a commercial or residential property in Spain with a value of \u20ac500,000 or more, free of any liens or encumbrances.<\/li>\n<li>Investing a minimum of \u20ac2 million in Spanish government bonds.<\/li>\n<li>Invest a minimum of \u20ac1 million in shares or participations in Spanish companies, local investment funds, venture capital funds or bank deposits in Spanish financial institutions.<\/li>\n<li>Invest a minimum of 1 million euros in the creation of a business in Spain that generates employment, promotes technological and\/or scientific innovation and has a significant socio-economic impact.<\/li>\n<\/ul>\n<p>The Golden Visa is valid for an initial period of 2 years from the date of approval. After this period, it can be renewed 60 days before the expiry date, always provided that the investment, health insurance and financial resources are maintained in Spain.<\/p>\n<h2>Digital Nomad Visa: Remote Workers and Digital Nomads.<\/h2>\n<p>The Digital Nomad Visa is a residence permit in Spain for remote workers and digital nomads.<\/p>\n<h3>Requirements and documentation<\/h3>\n<p>The Digital Nomad Visa can be applied for by the remote worker himself\/herself or by a duly accredited representative appointed by him\/her to manage a project of general interest.<\/p>\n<p>Application requirements include:<\/p>\n<ul>\n<li>A valid and current passport (valid for at least one year and with a date of issue not older than 10 years).<br \/>\nApplication for a temporary NIE (Foreigner Identification Number).<\/li>\n<li>Complete the form and pay the fee.<\/li>\n<li>Recent passport sized photograph.<\/li>\n<li>Employment contract\/service contract.<\/li>\n<li>Pay slips.<\/li>\n<li>Bank statements and receipts.<\/li>\n<li>Social security certificate.<\/li>\n<li>Letter from the company authorising you to work from home and be covered by the national social security system.<\/li>\n<li>Company certificate issued by the tax office and\/or commercial register.<\/li>\n<\/ul>\n<h3>Destination Spain with the Nomad Visa<\/h3>\n<p>Spain has always been a popular destination for tourists and, of course, digital nomads.<\/p>\n<p>This is not only because of the number of amazing places to visit, but also because it is one of the European countries with the lowest cost of living.<\/p>\n<p>The digital nomad visa was approved in January 2023. Known as the Startups Law, it allows remote workers and digital nomads to live and work in a regulated way.<\/p>\n<h2>Golden Visa Vs Nomad Visa<\/h2>\n<table>\n<tbody>\n<tr>\n<td><\/td>\n<td><b>Golden Visa<\/b><\/td>\n<td><b>Digital Nomad Visa<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Main objective<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Investment in destination country<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Remote work<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Investment requirement<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Yes, from 500,000\u20ac in property or 1-2\u20ac million in other investments<\/span><\/td>\n<td><span style=\"font-weight: 400;\">No<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Work Permit<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Yes<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Yes<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Residence required<\/span><\/td>\n<td><span style=\"font-weight: 400;\">No, as long as you do not spend more than 183 days a year in Spain<\/span><\/td>\n<td><span style=\"font-weight: 400;\">No, as long as you do not spend more than 183 days a year in Spain<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Initial duration of permit<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2 years<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Varies by country usually 1 year<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Renewal of permit<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Yes, every 2 years, subject to proof of continued investment, health insurance and financial resources in Spain<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Yes, subject to country laws and evidence of continued remote employment<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-top:30px;width:100%;\"><\/div>\n<p>The Golden Visa is ideal for investors seeking stability and business opportunities in the European Union, while the Digital Nomad Visa appeals to remote workers and digital nomads who want to experience new places while maintaining their working style.<\/p>\n<p>Each visa has its own benefits and requirements, so it is important to research and consider which is the best option for you.<\/p>\n<p>Do you want to apply for one of these visas or do you want to know which one is best for you? At almar Lawyers we are here to help you in your daily life in Ibiza. <a href=\"https:\/\/almarlawyers.com\/contact-almar-lawyers-ibiza\">Contact our team<\/a><\/p>\n<p>Follow us on <a href=\"https:\/\/www.linkedin.com\/company\/83121208\/admin\/feed\/posts\/\">Linkedin<\/a> to make sure you don&#8217;t miss a thing.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-3 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"--awb-text-color:#054c50;\"><h3 class=\"fusion-title-heading title-heading-left\" style=\"margin:0;\">Recent Posts<\/h3><\/div><div class=\"fusion-recent-posts fusion-recent-posts-1 avada-container layout-default layout-columns-3 fusion-recent-posts-center\"><section class=\"fusion-columns columns fusion-columns-3 columns-3\"><article class=\"post fusion-column column col col-lg-4 col-md-4 col-sm-4\"><div class=\"fusion-flexslider fusion-flexslider-loading flexslider flexslider-hover-type-none\"><ul class=\"slides\"><li><a href=\"https:\/\/almarlawyers.com\/golden-visa-in-ibiza\" aria-label=\"Golden Visa in Ibiza: Investment and Residence\" class=\"hover-type-none\"><img decoding=\"async\" width=\"700\" height=\"441\" src=\"https:\/\/almarlawyers.com\/wp-content\/uploads\/2024\/05\/pexels-maria-daniela-garcia-nogueira-16741472-700x441.jpg\" class=\"attachment-recent-posts size-recent-posts lazyload\" alt=\"Golden Visa in Ibiza\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%272560%27%20height%3D%271920%27%20viewBox%3D%270%200%202560%201920%27%3E%3Crect%20width%3D%272560%27%20height%3D%271920%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" 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href=\"https:\/\/almarlawyers.com\/author\/a_alm_2020bes\" title=\"Posts by A_alm_2020Bes\" rel=\"author\">A_alm_2020Bes<\/a><\/span><\/span><span class=\"updated\" style=\"display:none;\">2024-05-05T06:22:53+00:00<\/span><span>May 5th, 2024<\/span><span class=\"fusion-inline-sep\">|<\/span><span class=\"fusion-comments\"><a href=\"https:\/\/almarlawyers.com\/golden-visa-in-ibiza#respond\">0 Comments<\/a><\/span><\/p><\/div><\/article><article class=\"post fusion-column column col col-lg-4 col-md-4 col-sm-4\"><div class=\"fusion-flexslider fusion-flexslider-loading flexslider flexslider-hover-type-none\"><ul class=\"slides\"><li><a href=\"https:\/\/almarlawyers.com\/wealth-management-for-expats-in-ibiza\" aria-label=\"Wealth management for expats in Ibiza\" class=\"hover-type-none\"><img decoding=\"async\" width=\"700\" height=\"441\" src=\"https:\/\/almarlawyers.com\/wp-content\/uploads\/2024\/04\/ibiza-7444451_1280-700x441.jpg\" class=\"attachment-recent-posts size-recent-posts 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