If you are moving to Spain from USA in 2025, you are not alone. More and more American expats in Spain are embracing the country’s rich culture, pleasant climate, and appealing luxury real estate market. Whether you are looking to Buy luxury Real Estate in Spain or seeking a new lifestyle, Golden Partners is here to help you navigate the process seamlessly.
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Why are Americans moving to Spain?
The number of Americans in Spain has been increasing in recent years, even more than to other European countries. According to Spain’s National Statistics Institute (INE), over 41,953 Americans officially reside in Spain, marking a significant rise in expat interest, eventhough a lot of them do not speak Spanish. The reasons are clear:
- Lower cost of living: Compared to cities of United States like New York or San Francisco, Spain offers an affordable lifestyle with excellent healthcare and infrastructure. Perfect to live and work!
- Investment opportunities: The Spanish real estate market presents lucrative investment options, particularly in coastal regions and major cities.
- Quality of life: From delicious cuisine to a laid-back Mediterranean lifestyle, Spain has an undeniable charm that attracts U.S. expats. A life in Spain is desirable for everyone!
From luxury beachfront properties near Barcelona to stylish penthouses in Madrid, Spain’s real estate market attracts more Americans moving-to-Spain-from-US, offering a unique mix of Mediterranean coastal living and vibrant city life.
and get expert guidance from Golden Partners.
Visa and residency options for US Expats in Spain
Navigating the visa and residency landscape is crucial for Americans considering a move to Spain. Recent legislative changes have impacted some visa options, making it essential to stay informed. Here are the primary pathways available:
Golden visa (Investor visa)
The Golden Visa program, introduced in 2013, allowed non-EU citizens to obtain residency in Spain through significant investments, typically a minimum of €500,000 in real estate. However, as of April 3, 2025, the Spanish government has terminated this program to address housing market concerns. Existing visa holders will retain their residency rights, but new applications are no longer accepted as from that date.
Digital nomad visa
Spain has introduced the Digital nomad visa, catering to remote workers employed by non-Spanish companies. Key requirements include:
- Employment status: Proof of employment with a foreign company or, for freelancers, contracts with international clients.
- Income threshold: A minimum monthly income of €2,000 and a bank certification showing at least €25,000 in a Spanish bank account. citeturn0search1
- Duration: This visa is initially valid for one year, with the possibility of renewal.
The Digital nomad visa offers a flexible pathway for remote workers seeking to experience Spain’s vibrant culture while maintaining their professional commitments.
Non-lucrative visa
Ideal for retirees or individuals with sufficient passive income, the Non-lucrative visa permits residency without engaging in local employment. Requirements include:
- Financial means: Proof of sufficient funds to support oneself, typically around €28,800 annually.
- Health insurance: Comprehensive private health insurance valid in Spain.
This visa is granted for one year initially and can be renewed subsequently.
Work visa & self-employment visa
For those intending to work in Spain:
- Work visa: Requires a job offer from a Spanish employer who must demonstrate that the position cannot be filled by a local.
- Self-employment visa: Suitable for entrepreneurs planning to establish a business in Spain. Applicants must present a viable business plan and demonstrate sufficient financial resources.
Beckham law (Special tax regime)
The Beckham Law in Spain offers favorable tax conditions for foreign workers relocating to Spain. Key points include:
- Eligibility: Individuals who have not been tax residents in Spain for the previous five years and are moving for employment purposes.
- Tax benefits: Qualifying individuals are taxed at a flat rate of 24% on income up to €600,000, with income above this threshold taxed at 47%. citeturn0search6
This regime is applicable for up to six years and can result in significant tax savings.
Understanding these visa and residency options is essential for a successful transition to living in Spain. Given the recent changes, particularly the cessation of the Golden Visa program, prospective expats should consult with immigration experts to determine the best pathway based on their individual circumstances.
Buying property in Spain as an American
Can Americans buy a house in Spain?
Yes! There are no restrictions on foreigners purchasing real estate in Spain. The process typically involves:
- Obtaining an NIE (Número de Identificación de Extranjero)
- Securing financing (if needed)
- Hiring a real estate lawyer
- Signing a purchase agreement and finalizing the deal
At Golden Partners, we guide you through every step to ensure a smooth property purchase process.
Taxation for American expats in Spain: What you need to know
American expats in Spain must navigate Spanish tax laws while maintaining compliance with U.S. tax obligations. If you reside in Spain for more than 183 days per year, you are considered a tax resident and must declare worldwide income. However, the U.S.-Spain Tax Treaty helps avoid double taxation on income earned in both countries.
Income tax for expats
Spanish tax residents pay progressive income tax rates ranging from 19% to 47%, depending on their earnings. Non-residents pay a flat 24% on Spanish-sourced income (or 19% for EU citizens). Expats earning foreign income should consult tax professionals to optimize their global tax strategy.
Beckham Law: Tax benefits for expats
The Beckham Law offers a 24% flat tax rate on the first €600,000 of Spanish-earned income instead of progressive rates. It applies to foreign workers moving to Spain for employment and is valid for six years. To qualify, you must not have been a Spanish tax resident for the past five years and must work for a Spanish-registered company.
Mbappé Law: Expansion of tax benefits
The Mbappé Law extends the Beckham Law to cover entrepreneurs, executives, and remote workers. Digital nomads and self-employed professionals can now benefit from the 24% flat tax rate, making Spain an attractive destination for high-income expats.
Wealth tax in Spain for expats
Spain imposes a Wealth Tax on assets exceeding €700,000, with rates between 0.2% and 3.5%, depending on the region. However, Madrid offers a 100% exemption, making it a tax-friendly location for high-net-worth individuals.
Tax on rental income and capital gains
Expats renting out Spanish property must pay 24% tax on rental income (non-residents) or progressive rates (residents). Capital gains tax ranges from 19% to 28%, but primary home sales may be exempt if reinvested in another property.
U.S. tax obligations for expats
Even while living in Spain, U.S. citizens must file an annual tax return with the IRS. The Foreign Earned Income Exclusion (FEIE) allows expats to exclude up to $120,000 (2024) from U.S. taxation, while the Foreign Tax Credit (FTC) helps offset taxes paid in Spain.
Golden Partners: Your Real Estate & relocation expert
At Golden Partners, we offer tailored services to make your move stress-free:
- Luxury Real Estate advisory: Find exclusive properties that match your lifestyle.
- Visa & residency assistance: Navigate Spanish immigration laws seamlessly.
- Tax & financial planning: Optimize your finances and comply with Spanish regulations.
- Relocation services: From legal paperwork to settling into your new home.
FAQs: Moving to Spain from the US
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Do Americans need a visa for Spain?
Yes, Americans need a visa for Spain if they plan to stay for more than 90 days within a 180-day period. For short visits, U.S. citizens can enter Spain visa-free under the Schengen Agreement. However, for long-term stays, residency visas such as the Non-lucrative visa, Digital nomad visa, Work visa, or self-employment visa are required. It’s important to apply well in advance, as processing times vary.
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How many Americans live in Spain?
The number of Americans living in Spain has been steadily increasing. According to Spain’s National Statistics Institute (INE), over 41,953 U.S. citizens were officially residing in Spain as of recent data. Many American expats choose cities like Madrid, Barcelona, Valencia, and Málaga, drawn by Spain’s high quality of life, affordable living costs, and investment opportunities.
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Can Americans buy homes in Spain?
Yes, Americans can buy property in Spain without any restrictions. The Spanish real estate market is open to foreign buyers, and Spain remains one of the most attractive locations for luxury real estate investments. To purchase a property, you will need to obtain an NIE (Número de Identificación de Extranjero) and open a Spanish bank account. While cash purchases are common, financing options are available for foreigners, with banks offering mortgages covering up to 60-70% of the property value.
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How long can an American stay in Spain without a visa?
Americans can stay in Spain visa-free for up to 90 days within a 180-day period under the Schengen Agreement. If you wish to stay longer, you must apply for a residency visa before your 90-day period expires. Exceeding this limit without the correct visa may result in penalties, fines, or future entry restrictions.
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How much money do you need to live in Spain as an expat?
The cost of living in Spain for expats varies by city, but on average, a comfortable lifestyle can be maintained with €2,000-€3,500 per month. Major cities like Madrid and Barcelona are more expensive, while smaller cities and rural areas offer a lower cost of living. Rent, healthcare, transportation, and dining costs are significantly lower than in many major U.S. cities.
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How do I get Spanish residency through investment?
Previously, Americans could obtain Spanish residency through the Golden Visa by investing €500,000 in real estate. However, Spain officially ended the Golden Visa program on April 3, 2025. Existing Golden Visa holders retain their residency rights, but new applications will no longer be accepted as from next April 3rd, 2025. Alternative residency options include the Non-Lucrative Visa or Digital Nomad Visa for those looking to relocate.
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Is healthcare free in Spain for American expats?
Spain has an excellent healthcare system, but public healthcare is only available to residents who contribute to the Spanish social security system. American expats typically rely on private health insurance, which is affordable and provides access to high-quality medical care. Some visas, like the Non-Lucrative Visa, require applicants to have comprehensive private health insurance before approval.
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Can I retire in Spain as an American?
Yes, Spain is one of the best countries for American retirees due to its low cost of living, excellent healthcare, and high quality of life. Most retirees apply for the Non-Lucrative Visa, which requires proof of sufficient income (around €28,800 annually) and private health insurance. After five years of residency, you can apply for permanent residency, and after 10 years, you may be eligible for Spanish citizenship.
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Can Americans get Spanish citizenship?
Americans can apply for Spanish citizenship after living in Spain for 10 consecutive years as legal residents. This process requires proving continuous residency, financial stability, and integration into Spanish society (including language proficiency). However, the U.S. does not allow dual citizenship with Spain, meaning you may have to renounce your U.S. citizenship to obtain a Spanish passport.
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Do I need a Spanish bank account to live in Spain?
While not mandatory for short stays, a Spanish bank account is highly recommended for expats. It simplifies rent payments, utilities, and other financial transactions. If you plan to buy property, opening a bank account in Spain is essential, as most transactions require a local financial institution.
