
Portugal
From €500,000 + costs
Private Equity Investment
European Residency
EU Schengen Zone Travel
Apply Citizenship 7-10 years

Spain’s Golden Visa program closed to new applicants in April 2025, though other legal pathways to Spanish residency and and, ultimately, Spanish citizenship remain. A Spanish passport provides access to 201 of the world’s 227 destinations. That’s 88.5% of all worldwide destinations. This represents access to 96.7% of global GDP and 97.5% of the world’s most visited travel destinations, based on international visitor arrivals.
A Spanish passport reaches a high percentage of the world. This access breaks down into four main categories.
That leaves 26 destinations in the world that require a traditional visa application – the slow route of sending your passport away, booking appointments, or queuing at an embassy or visa center.
But counting destinations doesn’t give the full picture.
For years, passport rankings have focused almost entirely on one metric: the number of destinations accessible without a visa.
At La Vida, we believe this only tells part of the story. Visa-free access to an island nation doesn’t offer the same practical value as access to major economies, financial centers and the world’s busiest travel destinations.
Most passport indices treat every destination equally. Whether it’s access to France or a tiny Pacific island, each counts as one point. In reality, the destinations a passport unlocks vary enormously in terms of business opportunities, travel demand and economic importance.
That’s why we developed the La Vida Passport Value Index. Our passport comparison tool is built for one purpose: helping people decide whether a second citizenship is worth the investment, and which program delivers the most value for their situation. Rather than simply counting destinations, our methodology weights each one according to:
On that basis, a Spanish passport provides access to:
In other words, the value of a Spanish passport lies not only in the number of destinations it reaches, but in the significance of those destinations.
(You can read exactly how we calculate these figures in our Passport Value Data and Methodology.)
A Spanish passport reaches many of the world’s most popular destinations, including France, the USA, Italy and Turkey. Each bar shows that country’s share of worldwide international arrivals.
Total visitor market across all 201 destinations reached: 1,381.7M · 97.5% of world travel. Source: UN World Tourism Organization.
A Spanish passport provides access to destinations that account for 39 out of every 40 international leisure and business trips made worldwide.
Some of the largest economies by GDP that a Spanish passport grants access to are the USA, China, Germany, Japan and India. Each bar shows that country’s share of global GDP.
Total across all 201 destinations reached: $101.4T · 96.7% of world GDP. Source: World Bank. Part of the La Vida Passport Value methodology.
A Spanish passport reaches destinations responsible for over 96% of global economic output, providing access to almost every major business and investment market in the world.
Spain’s Golden Visa – previously one of Europe’s most popular real estate-based routes – closed to new applicants on 3 April 2025. Existing visa holders can continue to renew their permits, but no new investment-based applications are being accepted. Other legal pathways to Spanish residency remain open, such as the Non-Lucrative Visa, though these require genuine relocation and significant time spent in Spain, rather than the flexibility the Golden Visa once offered.
Under Spain’s general naturalization law, permanent residency becomes available after five years of legal residence, and citizenship after ten (reduced to two years for nationals of several Ibero-American countries and a small number of others with historical ties to Spain). For investors specifically seeking a flexible, investment-based route to EU citizenship, our Portugal Golden Visa program remains open and offers a considerably more direct path.
A stronger passport can provide far more than easier travel. Depending on your objectives, improved international mobility may support:
When choosing a residency or citizenship by investment program, the fit between a second passport and your existing one is often overlooked. Your current passport already has its own visa access list – anything a second passport adds should complement those destinations. Doubling up on the same access offers no real benefit.
See what a Spanish passport would actually add for you. Our free Passport Value Report tool compares your current passport with Spain (or any of the programs we offer) and shows the additional GDP access, travel access and destinations a second citizenship would bring – personalized to your passport, not a generic ranking. La Vida is the only consultancy offering this level of analysis, and the report is free.
Spain Passport · La Vida Passport Value Index
What would a Spanish passport add to yours?
A second passport should complement your current one, not duplicate it. Our free Passport Value Report compares Spain with your existing passport and shows exactly what extra access — by destinations, GDP and travel — the combination unlocks.
Compare your passports →Spain’s Golden Visa program, which for over a decade granted residency in exchange for a minimum €500,000 real estate investment (or alternative routes via company shares, bank deposits or government bonds), officially closed to new applicants on 3 April 2025. Existing Golden Visa holders may continue to renew their permits, but the investment-based route is no longer open to new investors. Legal pathways to Spanish residency still exist – including the Non-Lucrative Visa – though these require genuine relocation to Spain rather than the flexibility the Golden Visa allowed. Under standard naturalization law, permanent residency is available after five years of legal residence, and citizenship after ten years of full-time residence.
La Vida offers over 18 residency and citizenship programs worldwide. We analyze not just visa-free travel, but the full picture – family eligibility, timescales, costs and long-term benefits – to identify the program that best fits your needs.
Speak to an advisor about the residency options currently available in Spain, or explore our Portugal Golden Visa program for a more direct route to EU citizenship.
The La Vida Passport Value Index is updated annually using visa policy information together with economic data from the World Bank and international visitor statistics published by the UN World Tourism Organisation.
Our methodology weights destinations according to their relative economic importance and international travel demand, providing a broader measure of passport utility than destination count alone.
Read our full methodology here.
La Vida has been at the forefront of the global investment migration market since 2012, advising over 120,000 individuals.
Our research and commentary have been featured in leading international media, and our consultants have advised investors from over 160 countries on global residency and citizenship planning.
For countries offering a residency by investment program, visit the pages below.