Visa & residency options
3 years renewable, remote workers earning 200% min wage (~€2,762/mo).
Innovative business plans approved by ENISA.
Fast-track for skilled hires, no labour market test.
Residency: Permanent residence after 5 years; citizenship after 10 (2 for Latin America).
Tax & cost of living
Beckham Law: 24% flat on Spanish income up to €600k for 6 years for new residents.
- Rent (1BR city): €900–€1,500
- Meal out: €13
- Transport pass: €45/mo Madrid
Banking & business setup
BBVA, CaixaBank, Santander, Sabadell, Revolut Spain, N26. NIE + proof of address required; 5–10 business days.
S.L. (Spanish LLC) minimum capital €1 since 2022, single founder, ~€600 notarial + registry fees. Setup 10–20 business days. Autónomo (freelancer) registration free at Hacienda + Seguridad Social.
Living in country
Madrid (Salamanca, Chamberí) and Barcelona competitive; Valencia, Málaga, Sevilla strong value. Standard fianza of 1 month + 2 months guarantee.
Universal SNS + private (Sanitas, Adeslas, DKV) ~€60–€120/mo for fast English service.
Free public; many international schools (American School, British Council, French Lycée) in Madrid, Barcelona, Valencia.
Tech (Glovo, Cabify), tourism, renewables, fashion (Inditex), automotive (SEAT).