🏛️ Why Retire in Madrid?
Madrid is Spain’s vibrant capital — ideal for retirees who love urban living, world-class museums, cuisine, and a strong international community.
✅ Excellent healthcare and infrastructure
✅ Large expat and retiree presence
✅ Parks, art, gastronomy, and culture
✅ Direct flights to Europe and the Americas
✅ Reliable public transport and walkability
Madrid offers an active, connected retirement lifestyle with everything at your doorstep.
🛂 Visa & Residency Requirements
Non-EU retirees must apply for a non-lucrative visa (NLV) from their home country to reside in Madrid.
Requirements:
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Minimum passive income: €2,400/month (more for couples)
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Private, no-copay health insurance
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Clean criminal record
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Proof of long-term housing in Madrid
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Certified translations of all documents
💡 We manage visa preparation, documentation, and consulate submission for a smooth process.
🏥 Healthcare in Madrid
Madrid is home to some of Spain’s top-rated hospitals, including Hospital Universitario La Paz and Clínica Universidad de Navarra.
Private Healthcare (Visa Requirement)
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English-speaking providers available
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Monthly cost: €70–€200 depending on age
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Fast access and full coverage
Public Healthcare Access
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Once resident, you can join via the Convenio Especial
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Monthly fee: €60 (under 65), €157 (65+)
💡 We help retirees choose compliant insurance and guide enrollment in the public system.
🏡 Where to Live in Madrid
Popular neighborhoods for retirees:
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Chamberí – central, elegant, peaceful
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Salamanca – upscale and international
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Retiro – near El Retiro park, classic Madrid charm
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Argüelles & Moncloa – well-connected and quiet
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Las Rozas / Pozuelo – suburban, green, great for villas
Property Legal Tips:
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Always have a lawyer review arras contracts and registry status
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Ensure no liens or zoning issues exist
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Expect 10%–13% total purchase costs including taxes and notary
💡 We provide end-to-end property legal services including remote closings via POA.
💰 Retirement Taxes in Madrid
After 183 days in Spain, you become a tax resident and must report worldwide income.
| Income Type | Tax Rules |
|---|---|
| State pensions | Taxable in Spain unless exempted by treaty |
| Private pensions | Taxed under savings income rates (19–26%) |
| Foreign property | Must be reported (Modelo 720) |
| Dividends & capital gains | Taxed progressively |
Spain has double taxation agreements with the US, UK, Canada, Germany, and more.
💡 We offer personalized expat tax planning and annual filing services.
📜 Spanish Wills & Inheritance Law in Madrid
Spanish inheritance law mandates forced heirship, but foreign retirees can elect their national law in a valid Spanish will.
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Avoids unwanted legal outcomes
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Simplifies inheritance for non-Spanish heirs
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Madrid applies moderate inheritance tax rates, with exemptions for spouses/children
💡 We draft custom Spanish wills and advise on inheritance tax relief.
💶 Cost of Living in Madrid (Retired Couple)
| Expense | Monthly Estimate (€) |
|---|---|
| Rent (1–2 BR flat) | €1,000–€1,600 |
| Health insurance | €100–€250 |
| Groceries | €350–€500 |
| Utilities & Internet | €150–€200 |
| Dining & Transport | €300–€600 |
✅ Total: €2,200–€3,200/month for a comfortable lifestyle in the capital
🛡️ Legal Services for Retirees in Madrid
We help with:
✅ Visa & NIE applications
✅ Empadronamiento and TIE card setup
✅ Real estate legal reviews & closings
✅ Spanish wills & inheritance tax planning
✅ Annual income tax declarations
📞 Retire in Madrid with Confidence
Whether you’re buying a flat near El Retiro or securing long-term residency, our legal team ensures your retirement in Madrid is stress-free.
👉 Contact us today for expert legal help retiring in Madrid.