Tax, economy, and demographics

Dimension	Indonesia	Spain
Corporate income tax	22%High	25%Very high
Corporate tax basis	Residence-basedResidence-based	WorldwideWorldwide
Personal income tax (marginal)	35%Moderate	47%High
Personal tax basis	WorldwideWorldwide	WorldwideWorldwide
Population	287.9 M×5.81	49.6 M
Area	1,904,569 km²×3.76	505,990 km²
Population density	151 /km²	98 /km²
Capital	Jakarta	Madrid
Currency	IDR (Indonesian rupiah)	EUR (Euro)
Main airport	CGK (Soekarno-Hatta International Airport)	MAD (Adolfo Suárez Madrid-Barajas Airport)
Phone code	+62	+34
Internet TLD	.id	.es

Visa access controls

Your access

Pick your nationality above to see how long you can stay in each country and whether you need a visa.

Passport power

Mobility strength of each country's passport, useful if you are weighing it as a future citizenship.

Indonesia passport

#64

Henley rank

70

Visa-free destinations

Spain passport

#4

Henley rank

185

Visa-free destinations

• Schengen visa-free
• UK visa-free
• US ESTA
• Canada eTA
• Australia eTA

Verdict

For professionals who prioritize open society index, Spain leads with 8.7 / 10 versus 4.6 / 10 for Indonesia. On banking index, Spain is at 8.8 / 10 compared with 5.2 / 10 for Indonesia.

Frequently asked questions

• Indonesia

  Can foreign residents open bank accounts and deploy capital in Indonesia without friction?

  Banking is regulated by Otoritas Jasa Keuangan (OJK), Indonesia's Financial Services Authority established under Law No. 21 of 2011, which took over banking supervision from Bank Indonesia at the end of 2013 and whose mandate was later reinforced by the Financial Sector Development and Strengthening Law (P2SK Law No. 4 of 2023). Bank Indonesia (BI), the central bank, retains monetary policy, payment system oversight, macro-prudential supervision, and foreign exchange regulation. The market counts around 105 commercial banks as of mid-2025, with the four state-owned banks (Bank Negara Indonesia, Bank Rakyat Indonesia, Bank Mandiri, and Bank Tabungan Negara) playing a central role in retail and government-linked banking, and the private Bank Central Asia (BCA) ranking as the leading private bank. Account opening for holders of a limited stay permit (KITAS) is generally feasible and often completed within a few business days depending on the bank and branch, with banks commonly requesting a passport, a valid residence permit, residential address details, a Nomor Pokok Wajib Pajak (NPWP) tax identification number, and an initial deposit that varies by bank and account type and frequently falls in the IDR 500,000 to 1,000,000 range. Source of funds checks are applied on a risk-based basis through customer due diligence rather than a single universal threshold, while cash transactions of at least IDR 500,000,000 in one business day must be reported to the financial intelligence unit Pusat Pelaporan dan Analisis Transaksi Keuangan (PPATK) under Law No. 8 of 2010. Indonesia became a full member of the Financial Action Task Force (FATF) in October 2023 and is not listed on the FATF grey or black lists. Indonesia operates a Foreign Account Tax Compliance Act framework with the United States through an intergovernmental agreement, and separately participates in the Common Reporting Standard for automatic exchange of financial account information with partner jurisdictions including European Union member states, the United Kingdom, Singapore, and Australia. Domestic financial transactions must be conducted in IDR under Bank Indonesia Regulation 17/3/PBI/2015 effective July 2015, with limited exceptions for activities such as export and import settlement and interbank foreign currency transactions. Foreign currency cash purchases against the rupiah without underlying transaction documents are capped at USD 50,000 per party per month since 1 April 2026 under Board of Governors Regulation (PADG No. 7 of 2026), a threshold scheduled to be lowered further to USD 25,000 from June 2026. Deposit insurance through Lembaga Penjamin Simpanan (LPS) covers eligible deposits up to IDR 2,000,000,000 per depositor per bank. Foreign nationals with a valid stay permit can own a landed residence under a Hak Pakai (Right to Use) title and an apartment unit under a strata title Hak Pakai certificate (Sertifikat Hak Pakai atas Satuan Rumah Susun), subject to minimum value thresholds set regionally such as IDR 5,000,000,000 in Jakarta, while Hak Guna Bangunan (Right to Build) is available to foreign interests only through an Indonesian foreign-owned company (PT PMA) and Hak Milik freehold remains reserved to Indonesian citizens. Agricultural land ownership is prohibited for foreigners. Crypto asset supervision was transferred from the Commodity Futures Trading Regulatory Agency (Bappebti) to OJK and BI effective 10 January 2025 under Government Regulation No. 49 of 2024 and OJK Regulation No. 27 of 2024, with a transition period running to 10 January 2027 during which legacy Bappebti licences remain valid. Foreign investment in Indonesian listed securities is permitted through the Indonesia Stock Exchange via OJK-licensed local brokers, subject to sector-specific foreign ownership limits set under the Positive Investment List (Presidential Regulation No. 10 of 2021 as amended by No. 49 of 2021), with the banking sector cap at 99 percent.

• Spain

  Can foreign residents open bank accounts and deploy capital in Spain without friction?

  Spain is a European Union (EU) and euro-area banking jurisdiction operating under the Single Supervisory Mechanism (SSM), in which the European Central Bank (ECB) directly supervises significant institutions while the Banco de España oversees less significant banks and macroprudential policy, the Comision Nacional del Mercado de Valores (CNMV) supervises securities markets and investment services, and Sepblac acts as the financial intelligence unit and anti-money laundering and counter-terrorist financing supervisory authority. The largest domestic banks by assets are Santander, CaixaBank, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell and Bankinter, followed by Unicaja, Abanca, Kutxabank and Ibercaja and a layer of cooperative and rural banking groups, while international institutions such as HSBC, Citi, Deutsche Bank and BNP Paribas operate mainly through corporate, institutional, private banking and wealth management arms rather than full mass-retail networks. Spain applies the EU anti-money laundering framework through Ley 10/2010 of 28 April, with the new EU package of Regulation (EU) 2024/1624 and Directive (EU) 2024/1640 taking effect mainly from 10 July 2027 under phased transposition and application dates. Foreign residents and non-residents can open Spanish accounts, but onboarding is risk-based rather than frictionless, with institutions requiring identity documents, proof of resident or non-resident status, the Numero de Identidad de Extranjero (NIE) where applicable, proof of address and evidence of economic activity, and higher-value, private banking, complex-structure, foreign-wealth or politically exposed profiles triggering enhanced due diligence with source-of-funds and source-of-wealth evidence. Processing times are not fixed by law and depend on the institution, the client profile and the completeness of documentation. Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) reporting is fully operational. Cryptoassets are legal and taxed under ordinary Spanish rules, and the Markets in Crypto-Assets (MiCA) framework applies, with the CNMV as the competent authority for crypto-asset service provider authorization and the Banco de España retaining functions over e-money and asset-referenced token issuers. The Banco de España legacy provider registry stopped accepting new entries on 30 December 2024, and the Spanish transition window for pre-existing providers runs to 30 June 2026. Capital movements within the EU and between Spain and third countries are free under Article 63 of the Treaty on the Functioning of the European Union (TFEU), subject to anti-money laundering controls, sanctions and tax reporting. Physical means of payment, meaning cash and bearer instruments, must be declared on form S-1 under Article 34 of Ley 10/2010 from EUR 10,000 when entering or leaving Spain and from EUR 100,000 for internal movements within Spanish territory, while bank transfers are not subject to this cash declaration. Spanish tax residents may also face the Modelo 720 informative return on foreign assets above EUR 50,000 per reportable category, covering foreign accounts, securities and rights, and real estate, and the Modelo 721 informative return on cryptoassets situated abroad above EUR 50,000, meaning cryptoassets custodied by non-resident providers, with self-custody wallets outside its scope. Foreign nationals can acquire Spanish real estate without a general nationality-based prohibition, subject to the NIE, tax, anti-money laundering, notarial and land registry formalities. The main exception is the restricted foreign-ownership zones under Ley 8/1975 and Royal Decree 689/1978, which require military authorization and are far broader than isolated military perimeters, covering insular territories, Cartagena, the Strait of Gibraltar, the Bay of Cadiz, the Portuguese and French border areas, Galicia and the Spanish territories in North Africa, with EU citizens exempt from this authorization and European Economic Area (EEA) nationals generally treated as equivalent in practice. Agricultural land carries no general nationality-based restriction but remains subject to ordinary land, planning, environmental and defense-zone rules. Mortgage financing is available to foreign buyers as a matter of market practice rather than right and is profile-dependent, with EU non-residents commonly accessing 60 to 70 percent loan-to-value and non-EU buyers more often 50 to 60 percent, under fixed, variable or mixed structures rather than only Euribor-linked pricing. Capital deployment into Spanish equities, bonds and funds is open to non-residents through regulated intermediaries, and withholding tax can be reduced under an applicable double tax treaty, although treaty relief requires a certificate of tax residence and is not automatic.

• Indonesia

  How does taxation apply to residents and foreign-source income in Indonesia?

  Indonesia operates a residence-based taxation system. Tax residency is triggered when an individual stays more than 183 days in any 12-month period or holds intent to reside, typically evidenced by a Limited Stay Permit. Resident companies and individuals are taxed on worldwide income, with foreign tax credits available under 71 active bilateral double taxation agreements. The standard corporate income tax (CIT) rate is 22 percent post Harmonization of Tax Regulations (HPP) Law No. 7 of 2021, with a reduced 19 percent rate applicable to public companies with at least 40 percent free float on the Indonesia Stock Exchange. A 0.5 percent Final Tax on gross revenue applies to small businesses with annual turnover below IDR 4,800,000,000 under Government Regulation (PP) No. 23 of 2018 as amended by PP No. 55 of 2022, available for a maximum of 7 tax years for individuals, 4 years for cooperatives, limited partnerships and firms, and 3 years for limited liability companies. The Omnibus Law No. 11 of 2020 introduced a conditional exemption for foreign-source dividends, foreign permanent establishment (PE) income, and active non-PE foreign income earned by resident companies if reinvested in Indonesia for at least 3 years, moving the corporate framework from pure worldwide to residence-based with structural carve-outs. Several concessional corporate regimes apply to qualifying investments. The Tax Holiday for Pioneer Industries under Minister of Finance Regulation (PMK) No. 130 of 2020 as amended by PMK No. 69 of 2024 grants 50 percent CIT reduction for investments between IDR 100 and 500 billion for 5 years, or 100 percent CIT reduction for investments above IDR 500 billion for 5 to 20 years, across 18 designated pioneer industries including pharmaceuticals, electric vehicles, renewable energy, data centers, petrochemicals, and metal smelting. The PMK No. 69 of 2024 application window closed on 31 December 2025, and any successor framework extending it into 2026 remains unconfirmed absent a new official regulation. The Nusantara Capital City (IKN) Tax Incentives under PP No. 12 of 2023 and PMK No. 28 of 2024 extend up to 100 percent CIT reduction for 10 to 30 years to investments of at least IDR 10 billion in the new capital city, with dedicated tracks for the Financial Centre (85 to 100 percent CIT reduction for 20 to 25 years) and headquarters relocation (100 percent for 10 years plus 50 percent for the next 10). The Special Economic Zones (KEK) regime under PP No. 40 of 2021 and PMK No. 237 of 2020 as amended by PMK No. 33 of 2021 covers 24 designated zones including Batam, Mandalika, and Nongsa Digital Park, granting a 100 percent CIT reduction for 10 to 20 years to investments of at least IDR 100 billion, with reduced facilities for smaller qualifying investments. The Tax Allowance under PP No. 78 of 2019 grants a 30 percent net income reduction over 6 years, accelerated depreciation, a reduced 10 percent dividend withholding tax, and extended 10-year loss carry-forward across 183 priority business sectors. All corporate holidays are subject to the Pillar Two Qualified Domestic Minimum Top-Up Tax under PMK No. 136 of 2024 effective 1 January 2025, listed in the OECD Central Record with transitional qualified status as at 18 August 2025, capping the benefit at a 15 percent effective tax rate floor for multinational groups with consolidated revenue above EUR 750 million. Individual income tax follows progressive brackets post HPP Law: 5 percent up to IDR 60,000,000 of taxable income, 15 percent up to IDR 250,000,000, 25 percent up to IDR 500,000,000, 30 percent up to IDR 5,000,000,000, and 35 percent above IDR 5 billion. Foreign nationals with qualifying expertise under Article 4 paragraph 1a of the Income Tax Law can opt for the 4-Year Territorial Tax Exemption, taxing them only on Indonesian-source income for the first 4 fiscal years from the time they become an Indonesian domestic tax subject, subject to Directorate General of Taxes approval and provided they do not instead rely on an applicable tax treaty. The implementing rules previously sat in PMK No. 18 of 2021 and were partly consolidated into the PMK No. 81 of 2024 framework from 1 January 2025, as subsequently amended, with eligible positions defined as technical and scientific roles evidenced by a certificate, qualification, or at least 5 years of experience. Capital gains on unlisted Indonesian shares depend on the seller status. Resident sellers are taxed under ordinary income tax rules, the corporate rate for companies and Article 17 progressive rates for individuals. Non-resident sellers face a 20 percent Article 26 withholding tax on a deemed net gain set at 25 percent of the sale price, an effective 5 percent of proceeds, reducible under an applicable tax treaty. Gains on listed Indonesian shares are taxed at 0.1 percent of transaction value as a final tax. Inheritance is not subject to individual income tax but real property transfers trigger acquisition duties. Wealth tax does not exist. The VAT statutory rate was raised to 12 percent on 1 January 2025 under PMK No. 131 of 2024 issued on 31 December 2024, but effective application of the 12 percent rate is limited to luxury goods such as luxury residences valued above IDR 30 billion, private jets, yachts, hot air balloons, gliders, private firearms, and luxury motor vehicles subject to Luxury Goods Sales Tax. For all other goods and services, the effective VAT rate remains 11 percent through an adjusted 11/12 tax base mechanism, preserving the pre-2025 burden on essential consumption. Dividends paid to non-residents are subject to 20 percent default withholding tax, reducible to 10 to 15 percent under tax treaties.

• Spain

  How does taxation apply to residents and foreign-source income in Spain?

  Spain operates a worldwide taxation system for both companies and individuals, modulated by a dense network of special regimes and the 95 percent participation exemption mechanism. The general corporate income tax (CIT) rate is 25 percent under Ley 27/2014, the Corporate Income Tax Law (LIS), but Ley 7/2024 added a transitional reduced-rate schedule under the new Disposicion Transitoria 44 LIS effective 1 January 2025: microenterprises with turnover below EUR 1 million are taxed on a progressive scale (21 percent on the first EUR 50,000 and 22 percent on the rest in 2025, falling to 17 and 20 percent from 2027), and small companies with turnover below EUR 10 million move from 24 percent in 2025 down to 20 percent by 2029. Emerging companies certified by the Empresa Nacional de Innovacion (ENISA) under Ley 28/2022 are taxed at 15 percent for the first profitable year plus the 3 following, with deferral of CIT payment for the first 2 profitable years and exemption from fractional payments. The Canary Islands Special Zone (ZEC) under Ley 19/1994 applies a 4 percent corporate rate on income from activities materially carried out in the Canary Islands, capped at EUR 1.8 million plus EUR 500,000 per additional employee above the statutory minimum, requiring at least one Canary-resident director, EUR 100,000 (Tenerife, Gran Canaria) or EUR 50,000 (other islands) of fixed-asset investment within 2 years and 5 or 3 jobs created within 6 months, with new entity registrations authorized until 31 December 2026 and tax benefits available until 31 December 2032 subject to the EU State aid framework. The Patent Box under Article 23 LIS grants a 60 percent reduction on net income from licensing or sale of qualifying intangibles (patents, utility models, legally protected designs and models, and advanced registered software derived from research and development), excluding trademarks, ordinary software, secret formulas and procedures and commercial know-how, under the OECD Modified Nexus Approach, dropping the effective rate to approximately 10 percent. The Entidad de Tenencia de Valores Extranjeros (ETVE) holding regime under Articles 107 to 108 LIS combined with the Article 21 LIS participation exemption taxes qualifying foreign dividends and capital gains at approximately 1.25 percent (5 percent of 25 percent) and exempts outbound distributions to non-resident shareholders. Personal income tax is progressive. The state scale tops at 24.5 percent above EUR 300,000 of general income, and adding the autonomous community scale produces a combined top rate of 47 percent under the default reference, ranging by region from 45 percent in Madrid to 50 percent in Catalonia, 51.5 percent in La Rioja and 54 percent in the Valencian Community. Savings income (dividends, interest, capital gains) is taxed at 19 percent up to EUR 6,000, 21 percent up to EUR 50,000, 23 percent up to EUR 200,000, 27 percent up to EUR 300,000 and 30 percent above, the top bracket having risen from 28 to 30 percent under Ley 7/2024 effective 1 January 2025. The Beckham Law under Article 93 of the Personal Income Tax Law (LIRPF), expanded by Ley 28/2022 effective 1 January 2023, allows qualifying inpatriates with no Spanish tax residence in the prior 5 tax years to be taxed under Non-Resident Income Tax (IRNR) rules at a flat 24 percent up to EUR 600,000 and 47 percent above for 6 tax years. Employment and entrepreneurial business income is taxed wherever it arises, while foreign-source passive income such as dividends, interest and capital gains stays outside the Spanish tax net. The 2023 reform extended Beckham to employee digital nomads, entrepreneurs with ENISA certification and highly qualified professionals serving startups, plus spouses and children under 25. Spain levies wealth tax on worldwide assets above EUR 700,000 (with a EUR 300,000 primary residence allowance) and progressive rates from 0.2 to 3.5 percent, with material autonomous community variation. Madrid and Andalusia maintain a 100 percent rebate that neutralizes ordinary wealth tax for net worth below the large-fortune threshold, but since 2023, under Madrid Ley 12/2023 and the equivalent Andalusian measure, that rebate becomes a variable one for taxpayers liable to the federal large-fortune tax, so net worth above EUR 3 million is effectively taxed regionally rather than escaping wealth taxation. The Balearic Islands raised their exemption to EUR 3 million effective 1 January 2024 and Valencia to EUR 1 million, while Catalonia maintains a EUR 500,000 exemption with the highest progressive rates. The Impuesto Temporal de Solidaridad de las Grandes Fortunas (ITSGF), introduced for the 2022 and 2023 tax years as a federal anti-arbitrage floor on net worth above EUR 3 million and extended by Real Decreto-ley 8/2023 until wealth taxation is reformed within the regional financing system, applies regardless of region with credit for regional wealth tax paid. Inheritance and gift tax applies with major regional variation, effectively near-zero for close family in Madrid, Andalusia and the Valencian Community (the last through a 99 percent bonus on Groups I and II since 28 May 2023 under Ley 6/2023), while Catalonia and a few other communities such as Asturias can remain materially more expensive for larger estates depending on the relationship and estate size. Capital gains on principal residence sale are exempt under reinvestment rules. Spain has an extensive double tax treaty network covering all major OECD jurisdictions, comprehensive Latin American coverage given language and historical ties, and full Parent-Subsidiary and Interest-Royalties Directive access within the EU.

• Indonesia

  What long-term residence options exist in Indonesia for internationally mobile individuals?

  Indonesia operates a Limited Stay Permit (Izin Tinggal Terbatas or KITAS) framework under Minister of Immigration and Corrections Decree No. M.IP-08.GR.01.01 of 2025. Employment-based residence is the Work KITAS (Index E23, 6 months to 2 years renewable) sponsored by an Indonesian limited company (PT) or foreign investment company (PT PMA) holding a valid Foreign Worker Utilization Plan (RPTKA), with the employer paying the Foreign Worker Compensation Fund (DKP-TKA) of approximately USD 1,200 per worker per year. Investment-based residence is the Investor KITAS (Index E28A) requiring minimum personal shareholding of IDR 10,000,000,000 in a PT PMA registered under personal name, with the holder occupying a Director or Commissioner role. The Investor KITAS is valid 1 or 2 years, renewable up to 6 years total, exempt from the Foreign Worker Compensation Fund, and does not require a separate Work Permit. Conversion to permanent residence (Izin Tinggal Tetap or ITAP) becomes available to investors after at least 3 consecutive years of continuous residence, subject to immigration approval and a signed integration declaration. Two Golden Visa tracks under Minister of Law and Human Rights Regulation No. 11 of 2024 expand the investor framework. The Individual Passive Investor Golden Visa (Index E28C) requires at least USD 350,000 held in Indonesian government bonds, publicly listed company shares, or regulated mutual funds for a 5-year permit, or at least USD 700,000 for 10 years, with the 10-year tier alternatively satisfied by ownership of an apartment worth at least USD 1,000,000. Proof of ownership of the qualifying assets is required, and the permit is extendable and convertible to other limited stay permits. The Individual Establishing Company Golden Visa (Index E28B) requires the applicant to commit to establishing an Indonesian company with placed capital or investment of at least USD 2,500,000 for a 5-year permit or USD 5,000,000 for 10 years, to be fulfilled within 90 days of entry. Family members including spouse and minor children under 18 qualify for dependent permits under Index E31 codes without a separate qualifying investment. The path to permanent residence follows the same rule of at least 3 consecutive years of continuous residence. The Nusantara Capital Investor Golden Visa (Index E28F) targets foreign nationals serving as director or commissioner of a company established in the new capital (Ibu Kota Nusantara or IKN) in East Kalimantan that is a branch or subsidiary of a foreign company, requiring a foreign company investment commitment of USD 5,000,000 for a 5-year permit or USD 10,000,000 for 10 years, to be fulfilled within 90 days of entry. Lifestyle, retirement, and remote work pathways complement the investor tracks. The Second Home Visa (Index E33) provides an initial permit of up to 5 years, extendable to a maximum of 10 years total, with a commitment to keep at least USD 130,000 in an account at a state-owned Indonesian bank or to own an apartment worth at least USD 1,000,000, the deposit or property to be evidenced within 90 days of entry and maintained throughout the permit. The Remote Worker Visa (Index E33G) launched in April 2024 grants an initial 1-year limited stay with multiple-entry privileges to digital nomads employed by foreign companies and is extendable online, requiring minimum annual foreign-source income of USD 60,000 and a USD 2,000 personal bank balance over the prior 3 months. Freelancers without a formal foreign employment contract are excluded. The one-year Retirement Second Home Visa (Index E33F) requires a sponsor and proof of income or allowance of at least USD 3,000 per month, is extendable online, and carries no separate qualifying investment. The Silver Hair Visa (Index E33E) under the Golden Visa framework applies to foreign nationals aged 55 and over, requiring a deposit of at least USD 50,000 in an account at a state-owned bank to be evidenced within 90 days, alongside proof of income or allowance of at least USD 3,000 per month, for an initial 5-year stay extendable to a maximum of 10 years. Path to citizenship is exceptional, discretionary, and effectively closed to dual nationals. The Global Citizen of Indonesia program launched on 26 January 2026 grants an indefinite permanent residence permit to former Indonesian citizens, their descendants up to the second degree, legal spouses of Indonesian citizens, and children of mixed marriages, without changing the holder's original nationality, positioned as a response to Indonesia's non-recognition of adult dual citizenship and comparable to India's Overseas Citizenship model.

• Spain

  What long-term residence options exist in Spain for internationally mobile individuals?

  Spain offers four particularly relevant long-term residence routes for internationally mobile non-EU nationals, following the abolition of the Golden Visa on 3 April 2025 by Ley Orgánica 1/2025 of 2 January 2025, which left Articles 63 to 67 of Ley 14/2013 without content rather than formally repealing them. The Digital Nomad Visa (DNV), created by the Ley 28/2022 Startup Act in force since 23 December 2022 and codified in Chapter V bis of Ley 14/2013, is the canonical route for non-EU remote workers and freelancers serving foreign companies. It requires a 2026 minimum income of EUR 2,849 per month for the main applicant, equal to 200 percent of the Spanish minimum wage (SMI) on its annualized 12-payment basis of EUR 1,424.50 per month, the SMI itself being set at EUR 1,221 per month over 14 payments by Royal Decree 126/2026, with EUR 1,069 added for the first dependent and EUR 356 for each additional family member. Applicants must hold a degree from a recognized institution or document at least 3 years of relevant professional experience, and salaried applicants may work only for companies located outside Spain while self-employed applicants may bill Spanish clients for no more than 20 percent of their total professional activity. The DNV consular visa under Article 74 quater is valid for up to 1 year, and within 60 calendar days before its expiry the holder may apply in Spain through the Unidad de Grandes Empresas y Colectivos Estratégicos (UGE-CE) for the residence authorization under Article 74 quinquies, valid for up to 3 years and renewable in 2-year periods, with eligibility for long-term residence after 5 years of continuous legal residence. The Non-Lucrative Visa, now governed by Articles 61 to 64 of Royal Decree 1155/2024, the general immigration regulation in force since 20 May 2025 that replaced Royal Decree 557/2011, targets retirees and financially independent individuals with sufficient savings, assets or periodic income and no work permitted in Spain. It requires 400 percent of the Indicador Público de Renta de Efectos Múltiples (IPREM), equal to EUR 28,800 per year, plus 100 percent of the IPREM, equal to EUR 7,200 per year, for each dependent. Initial validity is 1 year and renewals run in 2-year periods, with renewal conditioned since the 2025 reform on having resided in Spain for more than 183 days in the calendar year under Article 64.2.f of the regulation. The Highly Qualified Professional permit under Article 71 of Ley 14/2013, as amended by Ley 11/2023 transposing Directive (EU) 2021/1883, is the fast-track salaried route, processed by the UGE-CE within 20 working days with approval by positive administrative silence if no decision is issued, valid for 3 years and renewable for 2 years, the 2023 reform having removed the former employer size and turnover thresholds. The Entrepreneur Visa under Article 69 of Ley 14/2013 requires a favorable report from the Empresa Nacional de Innovación (ENISA) assessing the innovation, scalability and viability of the project. There is no fixed statutory minimum capital, the authorization is valid for 3 years and renewable for 2 years, and family members may apply jointly and obtain residence and work rights, with their status remaining linked to the principal holder. All four routes count toward long-term residence after 5 years of continuous legal residence and toward Spanish citizenship after 10 years, reduced to 2 years for nationals of Ibero-American countries, Andorra, the Philippines, Equatorial Guinea, Portugal and Sephardic Jews of Spanish origin, provided the residence is legal, continuous and immediately prior to the application. Existing Golden Visa holders are unaffected by the abolition, since applications filed before 3 April 2025 continue under the prior rules and authorizations already granted retain their validity and may be renewed under the rules in force at the time of the original grant.

Also compare

• IndonesiavsVietnam
• IndonesiavsMexico
• SpainvsThailand
• PortugalvsSpain

Related rankings

• Tax Freedom Index
• SafetyShield Index