Spain has now formally ended its Golden Visa programme, which previously offered residency in return for high-value investments. As a result, the Non-Lucrative Visa is now the main pathway for UK nationals wishing to live in Spain.

For many UK nationals looking for a slower pace of life, warmer weather and a more relaxed lifestyle, Spain remains one of the most popular destinations for retirement. Since the UK left the EU, the Non-Lucrative Visa has become the primary residency route for British retirees who want to live in Spain. This visa allows individuals to spend their retirement years in Spain while enjoying long-term stability.

This guide explains how the Non-Lucrative Visa works, who it suits and the key points to understand before beginning the application process. Requirements can change so applicants should always check the latest information published by official Spanish Government sources.

What is a Non-Lucrative Visa?

The Non-Lucrative Visa is a residency permit designed for non-EU nationals who want to live in Spain without carrying out any paid work. It is not tied to employment, investment or business activity and does not require applicants to buy a property. This flexibility makes it a preferred option for UK retirees relying on pensions, savings or passive income.

Eligibility at a glance

Applicants must meet eligibility criteria including:

• Being a non-EU or non-EEA citizen
• Having no criminal record
• Holding private health insurance with coverage in Spain
• Demonstrating sufficient financial means to support themselves and any dependants
• Committing to spending more than six months a year in Spain to maintain residency

The financial requirement is based on the IPREM (Indicador Público de Renta de Efectos Múltiples). Applicants must show a minimum annual income linked to this benchmark with additional thresholds for dependants. The Spanish authorities update IPREM each year so applicants should check the current figure before preparing their documentation.

Supporting documents

The visa application usually requires:

• Proof of income or savings
• A valid passport
• Evidence of private health insurance from a provider approved in Spain
• A recent criminal record certificate
• Confirmation of suitable accommodation in Spain

Additional documents may be requested depending on individual circumstances. Foreign documents often need to be legalised and translated into Spanish by a certified translator.

How the residency timeline works

The Non-Lucrative Visa is typically granted for one year initially. If the conditions continue to be met, it can be renewed for a further two years at a time. After five continuous years of residency, many holders become eligible to apply for permanent residency. This pathway offers stability that appeals to retirees planning to make Spain a permanent home.

Visa holders can travel freely within the Schengen Area while their residency remains valid. There is also no age restriction and some applicants use this visa in their 40s or 50s as part of a long-term retirement plan.

Healthcare considerations

Private health insurance is a mandatory requirement for Non-Lucrative Visa holders and must provide full coverage without excesses. Once a person becomes a permanent resident they may be entitled to access the Spanish public healthcare system though eligibility varies.

Key tax points

A person who spends more than 183 days a year in Spain is usually considered a tax resident. This means worldwide income, including pensions, may be taxed in Spain.

The UK and Spain have a double taxation agreement which ensures income is not taxed twice. However individual financial arrangements can affect how these rules apply. Retirees may also need to factor in Spanish property taxes or regional charges.

Is the Non-Lucrative Visa the right choice?

For UK nationals seeking a straightforward route to retirement in Spain without employment commitments, the Non-Lucrative Visa offers a clear and accessible solution. It provides a stable residency pathway, predictable renewal stages and the possibility of progressing to long-term residency.

For those looking for a relaxed lifestyle, predictable living costs and the flexibility to rent or buy, it is often an excellent fit.

Written by Lumon for Rightmove

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Lumon or its subsidiaries, and it is not intended as a substitute for obtaining advice from the relevant professional services. We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.