Spain Overview
With big cities like Madrid and Barcelona offering job opportunities, and coastal areas like Costa del Sol known for their relaxed lifestyle, Spain appeals to a wide range of expats. The healthcare system is highly regarded, and the cost of living, while varying by region, is generally lower than in many other Western European countries. However, navigating bureaucracy can be challenging, so learning Spanish is highly recommended to ease the transition.
- Madrid is the second-highest capital city in Europe.
- Spain is among the top 10 European countries with the highest foreign population.
- There are 49 UNESCO heritage sites in Spain.
Madrid
Euro (€)
Approximately 48 million
Spanish, Catalan, Basque, Galician (all languages have official status)
Madrid (3.3 million), Barcelona (1.7 million), Valencia (840,000)
Visas & Immigration in Spain
Spain offers various visa options for work, study, and residency, with requirements depending on the applicant’s nationality and purpose of stay. EU/EEA citizens can live and work freely in Spain, while non-EU citizens typically need a visa to enter and a residence permit for long-term stays. The immigration process involves applying through Spanish consulates or embassies, and specific programs, like the Golden Visa, are available for investors. Spain’s immigration policies are generally welcoming, especially for skilled workers, entrepreneurs, and retirees.
These are just some of the visa options available.
- Digital Nımad Visa
- Investor Visa (Golden Visa)
- Non-Lucrative Visa
- Entrepreneur Visa
- Self-Employed Work-Visa
- Highly Qualified Professional Visa (PAC)
These are just some of the visa options available.
January 1st to December 31st
Progressive, from 19% to 47%
Taxes in Spain
Taxes in Spain are progressive, meaning that higher-income earners pay a higher percentage of their income in taxes. The system includes both national and regional taxes, with each autonomous community having some flexibility in setting rates. Personal income tax (Impuesto sobre la Renta de las Personas Físicas or IRPF) is a key component, with rates varying based on income brackets. In addition to income tax, residents in Spain are also subject to value-added tax (IVA), property tax, and social security contributions, which cover benefits like healthcare and pensions. While the overall tax burden can be significant, Spain’s social services and public benefits provide support in areas like healthcare, education, and unemployment.
- Income tax (IRPF)
- Corporate tax
- Social security contributions
- Value-added tax (VAT)
- Property transfer tax
- Inheritance and donations tax
- Local taxes
Cost of Living in Spain
The cost of living in Spain is generally lower than in many other Western European countries, making it an attractive destination for relocation. Currently, the country occupies #40 place on the list of 121 entries and is cheaper than, for instance, Sweden, Belgium, and Germany. At the same time, Spain is more expensive than Portugal or Poland. Housing costs vary by region, with major cities like Madrid and Barcelona being more expensive, especially in central locations, while smaller cities and rural areas offer more affordable options. Groceries, dining out, and transportation are also reasonably priced, with public transport being particularly budget-friendly. Utilities and healthcare tend to be lower in cost compared to other European nations. However, lifestyle choices and personal preferences can greatly influence individual expenses.
- Barcelona
- Madrid
- Seville
- Alicante
- Malaga
- Granada
€960 per month for a one-bedroom city center apartment
€712 for a single person