Discover how to retire in Spain as a Canadian. Learn about Non-Lucrative Residence visas, Golden Visa options, income requirements, and the steps to make Spain your retirement home.
The Non-Lucrative Residence visa is designed for non-EU retirees who want to live in Spain without working. This visa allows you to enjoy your retirement in Spain if you can demonstrate stable income or sufficient savings.
For 1 Person
Approximately 400% of IPREM (Public Income Indicator of Multiple Effects)
Note: IPREM figures change yearly. Always verify current amounts.
Per Additional Dependent
Add approximately 100% of IPREM for each dependent family member
Indicador Público de Renta de Efectos Múltiples
IPREM stands for Indicador Público de Renta de Efectos Múltiples — Spain's official public income reference index. It is a benchmark figure set annually by the Spanish government and used to calculate minimum income thresholds for a wide range of administrative and legal purposes.
Practical tip: When preparing your visa application, always check the current IPREM value on the official Spanish government website or ask your advisor, as the figure changes each year and directly affects the income you need to demonstrate.
You must have private health insurance accepted in Spain with comprehensive coverage. You can arrange this yourself, or we can connect you with carefully selected providers offering the best price-quality ratio for international clients.
Our recommendations are based on real experience with expats going through the process.
A clean criminal record certificate from Canada and any country where you've lived 6+ months.
A medical certificate stating you don't suffer from serious public health diseases.
Apply at the Spanish consulate in Canada. Initial visa valid for 1 year, renewable for 2-year periods.
After 5 years of continuous legal residence in Spain, you may be eligible to apply for permanent residence, subject to meeting all requirements.
Spain's Golden Visa program offers an alternative path to residence through real estate investment.
Purchase real estate in Spain valued at €500,000 or more. This can be a single property or multiple properties.
Note: Golden Visa rules can change. Always verify current regulations.
Can work?
Non-Lucrative
Golden Visa
Key Requirement
Non-Lucrative
Stable income (~400% IPREM)
Golden Visa
€500,000+ real estate
Best For
Non-Lucrative
Retirees with pension/savings
Golden Visa
Investors seeking flexibility
Cost
Non-Lucrative
Income proof + insurance + fees
Golden Visa
€500,000+ property
| Criteria | Non-Lucrative | Golden Visa |
|---|---|---|
| Can work? | No | Yes |
| Key Requirement | Stable income (~400% IPREM) | €500,000+ real estate |
| Best For | Retirees with pension/savings | Investors seeking flexibility |
| Cost | Income proof + insurance + fees | €500,000+ property |
Important: Both visa types require private health insurance, clean criminal records, and medical certificates. Always consult with official sources.
Get personalized guidance for your retirement plans.
This information is for general guidance only and does not constitute legal advice. Visa requirements, income thresholds, and regulations can change at any time. Always confirm with official sources.