Last Updated on January 20, 2026 by Maryam Siddiqui
Why is Spain considered one of the best European countries to retire in? Is it the safety and healthcare, the high quality of life and affordability, or the popular citizenship-by-investment program? Follow this guide to discover everything you need to know about retiring in Spain in 2026!
Why should you retire in Spain?
Spain offers an attractive retirement destination for many reasons.
Its warm Mediterranean climate, stunning landscapes, and vibrant culture make it a desirable place to spend one’s golden years.
The country also boasts a high quality of life, with a relaxed lifestyle, delicious cuisine, and a strong sense of community.
In addition to its lifestyle benefits, Spain provides practical advantages for retirees.
The cost of living in Spain is generally lower than in many other Western European countries, enabling pensioners to make their savings go further.
Spain also has a well-developed infrastructure, with excellent healthcare facilities and efficient public transport systems. The key reasons to consider retiring in Spain include:
- Pleasant climate and beautiful scenery
- Rich cultural heritage and lifestyle
- Lower cost of living compared to other Western European countries
- High-quality healthcare system
- Well-developed infrastructure and transportation
- Established expat communities
- Opportunities for travel and exploration within Europe
Moreover, Spain is home to sizable expatriate communities, particularly in coastal areas such as the Costa del Sol and Costa Blanca.
This helps retirees connect with like-minded individuals and build a social network in their new home. Additionally, Spain’s central location in Europe makes it an ideal base for exploring the continent, with convenient access to neighboring countries by air, rail, or road.
Who can retire in Spain?
Spain welcomes retirees from diverse backgrounds, with different requirements for EU and non-EU citizens.
European Union citizenship grants individuals the right to live, work, and retire in any member state, including Spain, without the need for a visa or special permission.
However, non-EU citizens must navigate a more complex process to secure the necessary documentation and meet specific criteria to retire legally in Spain.
Read also: Top 8 Reasons Why Expats Retire in Spain
EU Citizens
As an EU citizen, you have the right to retire in Spain without needing a visa or special permission.
This freedom of movement is a major advantage of European Union citizenship, making it easier to choose Spain as your retirement destination with minimal bureaucratic hurdles.
| Requirement | EU Citizens |
|---|---|
| Visa | Not required |
| Residency | Automatic right to reside |
| Healthcare | Access to public healthcare system |
| Pension | Can receive pension from home country |
To retire in Spain as an EU citizen, you simply need to register with the local authorities.
You must also provide proof of sufficient income or savings to support yourself.
Additionally, you’ll have access to Spain’s public healthcare system, ensuring you receive the medical care you need throughout your retirement years.
Non-EU Citizens
Non-EU citizens wishing to retire in Spain must meet specific requirements and obtain the necessary documentation. They should explore the available visa options, which can be applied for through a Spanish consulate representing the Spanish government.
The most common route is to apply for a non-lucrative visa. The non-lucrative visa is a residence visa that allows individuals to reside in Spain without the right to work. To qualify for this non-lucrative visa or residence visa, applicants must demonstrate sufficient financial means to support themselves, such as a pension, savings, or investments.
These financial means are assessed based on Spain’s official IPREM (Indicador Público de Renta de Efectos Múltiples) index, with applicants required to show income equivalent to at least 400% of the annual IPREM for the main applicant, plus an additional 100% of the annual IPREM for each dependent. These factors are important to receive a non-lucrative visa as you transfer to live in the Spanish city of your choice.
Retiring in Spain for expat retirees might be a bit of a hassle, however, expat retirees from other European countries, or beyond, may be rest assured that Spanish retirement visas are there for them to apply to. Should they find it a bit tiring to do so, Viv Europe is here to assist.
The requirements for non-EU citizens to retire in Spain include:
- Obtaining a non-lucrative visa
- Proving sufficient financial means to support oneself
- Securing private health insurance
- Passing a background check
- Providing a medical certificate of good health
Non-EU retirees must also navigate the complexities of international taxation and healthcare. As you try to retire in Spain into the Spanish city of your choice, you may also want to consider applying for private insurance.
Seeking advice from financial advisers and legal professionals specializing in international retirement can help ensure a smooth transition to retired life in Spain.
Spain Retirement Visa
Spain does not have an official visa called a “retirement visa,” but non-EU citizens who want to retire in Spain usually apply for what’s known as a non-lucrative residence visa. This visa allows you to live in Spain as long as you don’t work or run a business there, which makes it a popular option for retirees with pensions, savings, or other passive income.
To qualify, you need to show that you can comfortably support yourself without working. Spain measures this using an official index called IPREM, rather than fixed euro amounts. In practice, this means proving an income roughly equivalent to at least 400% of the annual IPREM for the main applicant, with additional funds required for any dependents. This income can come from a pension, investments, or savings, as long as it’s clearly documented. You’ll also need private health insurance that offers full coverage in Spain, without copayments.
Alongside the financial requirements, applicants must provide a clean criminal record and a medical certificate confirming good health. The non-lucrative visa is initially granted for one year and can then be renewed for two-year periods, provided you continue to meet the requirements. For many retirees, this visa offers a straightforward and reliable way to enjoy life in Spain long term.
Golden Visa
Another option often mentioned is Spain’s Golden Visa, which allows non-EU citizens to obtain residency by making a significant investment in property, a business, or government-backed financial products.
It was popular with investors because it allowed them to live in Spain and eventually apply for citizenship after meeting the normal legal requirements.
However, it’s important to know that the Golden Visa program is no longer accepting new applications as of April 2025. So, if you’re looking to retire in Spain, this isn’t really a path you can take.
The Golden Visa was never really meant for retirees anyway; it’s designed for people who are ready to invest a significant amount of money in Spain and potentially run a business or hold property there.
For most retirees, the non-lucrative residence visa is the way to go. It lets you live in Spain long-term without working, as long as you can show you have enough savings, a pension, or other income to support yourself. That makes it a much simpler and more realistic route for anyone wanting to enjoy life in Spain after retirement.
VIV Europe is here to guide you through the Golden Visa application process, ensuring a smooth journey to residency in Spain.
Read also: Best Golden Visas In Europe
How is the healthcare for retirees in Spain?
Spain boasts a high-quality healthcare system that caters to the needs of retirees.
The country offers both public and private healthcare options. This ensures access to essential medical services. Retirees from EU countries can benefit from the European Health Insurance Card (EHIC).
It provides coverage for emergency treatment during temporary stays in Spain.
For those planning to retire permanently in Spain, it is crucial to understand the healthcare requirements and options available:
- EU retirees can access the public healthcare system by registering with the local authorities and obtaining a Spanish social security number.
- Non-EU retirees must secure comprehensive private health insurance to qualify for the Spain retirement visa.
- Private healthcare plans offer a wider range of services, shorter waiting times, and the option to choose English-speaking medical professionals.
Retirees in Spain can expect access to modern medical facilities, well-trained healthcare professionals, and a wide range of specialist services.
Many hospitals and clinics are located in popular retirement areas, such as the Costa del Sol and Costa Blanca. These facilities cater specifically to the expatriate community, offering services in English and other languages.
How much money do you need to retire in Spain?
The amount of money needed to retire comfortably in Spain depends on various factors. It includes your desired lifestyle, location, and personal preferences.
To determine the financial resources required, it is essential to consider the cost of living, real estate prices, and expenses related to dining and entertainment.
You can create a realistic budget and ensure you have sufficient funds to enjoy your retirement years in Spain.
The cost of living
The cost of living in Spain is generally lower than in many other Western European countries, making it an attractive retirement destination.
However, expenses can vary significantly depending on the region and lifestyle choices.
Retirees should budget for housing, utilities, groceries, dining out, transportation, and leisure activities when planning their retirement in Spain.
The cost of real estate
Real estate prices in Spain vary depending on the location and type of property.
Coastal areas like the Costa del Sol and Costa Blanca tend to have higher property values due to their popularity among international buyers.
In contrast, inland regions and smaller towns often offer more affordable housing options for retirees.
The cost of dining and entertainment
Spain is renowned for its vibrant dining scene and diverse entertainment options, often available at reasonable prices.
Retirees can enjoy delicious tapas, fresh seafood, and local wines without stretching their budget, as dining out is generally more affordable than in many other Western European countries.
Many cities and towns offer various cultural events, festivals, and leisure activities that cater to various interests and budgets.
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How is the banking system in Spain?
Having a sufficient understanding of the banking system is a crucial aspect of retiring in Spain.
Understanding the process of opening a bank account and obtaining a NIE Number is essential. These ensure a smooth transition and managing your finances effectively.
Spain offers a well-developed banking infrastructure, with both local and international banks catering to the needs of expatriates and retirees.
By familiarizing yourself with these key elements, you can establish a solid financial foundation for your retirement in Spain.
Opening a bank account
Opening a bank account in Spain is a straightforward process for retirees.
Expats can choose from a variety of local and international banks, many offering services tailored to the needs of foreign residents.
To open an account, retirees usually need proof of identity, such as a passport and their NIE number.
NIE Number
A NIE (Número de Identidad de Extranjero) is a tax identification number that all foreign residents in Spain must obtain. This number is essential for various administrative tasks, such as opening a bank account, buying property, and filing taxes.
To obtain a NIE number, retirees must submit an application to the local police station or foreigner’s office, along with the required documentation:
| Document | Purpose |
|---|---|
| Passport | Proof of identity |
| Application form (EX-15) | An official request for NIE |
| Proof of address | Confirming residence in Spain |
| Fee payment | Administrative costs |
Once the application is processed, retirees will receive their NIE number, which is a crucial step in establishing their financial presence in Spain.
What are the taxes for retirees in Spain?
If you’re planning to retire in Spain, it’s important to understand how taxes work. Spain taxes residents on their worldwide income, while non-residents are only taxed on income earned within Spain.
This includes pensions, rental income, dividends, and other sources of passive income. The income tax rates are progressive, generally ranging from around 19% to 45%, and can vary depending on the region where you live.
Spain also has a wealth tax, which applies only if your assets exceed certain thresholds (usually around €700,000 per person, though this can vary by region). Another tax you should know about is the capital gains tax, which applies if you sell assets like property or investments.
Double taxation treaties are another key point for retirees. These agreements between Spain and your home country help prevent you from paying tax on the same income twice.
For example, public pensions from the UK are generally taxed in the UK rather than Spain. However, it is worth pointing out that, private pensions may still be taxed in Spain depending on the treaty details.
Because Spanish taxes can be a bit complex, it’s a good idea to speak with a financial adviser or tax professional who understands international taxation. They can help you figure out your tax residency status, guide you through filing tax returns, and suggest ways to make your retirement in Spain as tax-efficient as possible.
Read also: Best Places To Live In Spain for Expats
How to move retirement funds, pensions, and social security contributions to Spain?
Retirees moving to Spain must carefully consider how to transfer their retirement funds, pensions, and social security contributions.
For UK retirees, Qualifying Recognised Overseas Pension Schemes (QROPS) allow the transfer of UK pensions to Spain without tax penalties. Retirees should consult a financial advisor to ensure the QROPS provider complies with Spanish regulations and that all foreign assets are properly declared to the Spanish tax authorities.
EU retirees can continue receiving their state pensions in Spain. This is all thanks to the coordination of social security systems within the European Union.
They must inform their home country’s pension authority of their move to Spain and provide the necessary documentation to ensure the smooth transfer of pension payments.
Non-EU retirees should investigate their home country’s social security agreements with Spain to determine how their pensions and contributions will be handled.
In some cases, retirees may be able to transfer their pension funds to a Spanish bank account. In others, they may continue receiving payments from their home country.
Consulting a financial advisor who specializes in international retirement can help you navigate the complexities of transferring retirement funds to Spain.
Viv Europe is here to guide you through the process, ensuring your retirement in Spain is smooth and seamless.
Best Places To Retire In Spain
Spain offers a diverse range of attractive locations for retirees, each with its unique charm, culture, and lifestyle benefits.
From the vibrant cities of Madrid and Valencia to the sunny coastal towns of Alicante and Málaga, retirees can find the perfect place to call home.
Seville, with its rich history and stunning architecture, is another popular choice for those seeking an authentic Spanish experience.
In the following sections, we’ll take a closer look at these top retirement destinations, highlighting the key features that make them attractive to retirees from around the world.
Valencia
Valencia, Spain’s third-largest city, offers retirees a perfect blend of urban amenities and coastal charm.
With its stunning beaches, vibrant cultural scene, and delectable cuisine, Valencia provides an exceptional quality of life for those seeking an active retirement.
From the city center to its historic quarters, Valencia showcases the rich culture of both the city and Spain as a whole. This cultural heritage attracts many expats, whether from the EU or beyond, who may consider obtaining Spanish citizenship or a retirement visa.
Some visitors also explore Spain with the long-term goal of acquiring citizenship. However, Spanish tax residents need to ensure that their bank statements and other foreign assets are fully transparent and compliant with regulations.
Furthermore, the Spanish tax residents for other assets, such as their real estate (based on property prices), passive income sources, among others.
Madrid
Madrid, Spain’s vibrant capital, is an attractive option for retirees seeking a cosmopolitan lifestyle.
The city boasts world-class museums, stunning architecture, and a thriving culinary scene.
With its efficient public transportation and top-quality healthcare facilities, Madrid provides retirees with a comfortable and convenient place to enjoy their retirement.
Seville
Seville, the enchanting capital of Andalusia, captivates retirees with its rich history. It is well-known for its majestic architecture and vibrant culture.
This picturesque city combines a laid-back lifestyle with a warm climate and a wide range of leisure activities, making it an ideal retirement destination for those seeking an authentic Spanish experience:
- Immerse yourself in Seville’s fascinating history, from the majestic Alcázar palace to the awe-inspiring Seville Cathedral
- Enjoy the city’s lively tapas scene and savor delicious local cuisine in the city center.
- Experience the passion and artistry of flamenco, Seville’s iconic dance
- Explore the charming neighborhoods of Santa Cruz and Triana, filled with colorful houses and quaint cobblestone streets along the city center and other parts of Seville.
Alicante
Alicante, a charming coastal city on the Costa Blanca, is a popular retirement destination for its sunny weather, stunning beaches, and relaxed Mediterranean lifestyle.
The city offers a variety of amenities, from excellent healthcare and shopping centers to abundant leisure activities, making it an ideal destination for retirees to enjoy their golden years.
- Bask in the warm Mediterranean climate, with over 300 days of sunshine per year
- Explore the pristine beaches of Playa del Postiguet and Playa de San Juan
- Discover the rich history and culture of Alicante, from the iconic Santa Bárbara Castle to the colorful Old Town and the city center
- Savor delicious local cuisine, including paella, fresh seafood, and the famous Alicante wine
Málaga
Málaga, the vibrant capital of the Costa del Sol, is a sought-after retirement destination known for its mild climate, beautiful beaches, and rich cultural heritage.
This Andalusian city offers retirees a perfect blend of modern amenities and traditional Spanish charm:
- Enjoy the warm, subtropical climate and stunning coastline
- Immerse yourself in Málaga’s fascinating history, from the ancient Roman theater to the Moorish Alcazaba fortress
- Experience the city’s thriving art scene, with world-class museums like the Picasso Museum and the Carmen Thyssen Museum
- Indulge in delicious local cuisine, including fresh seafood, tapas, and sweet Málaga wine
Do you need help to retire in Spain?
Retirement doesn’t have to be complicated, especially when you’ve chosen Spain as your destination for your golden years.
You don’t want to deal with tiresome procedures at this point in your life. You would rather focus on other aspects of settling in another country!
Allow Viv Europe to handle all your retirement needs and streamline and lessen the stress of this process. Book a consultation with us today for help with everything from applying for the Spain non-lucrative visa to finding your new home.
Want to connect with others who have already made the move to Spain? Join our Facebook Group – All About Spain For Expats.
