Madrid
🇪🇸 Spain · Address 56 of 100

Madrid, for a high earner.

The Latin American fortune moved here first and the rest of Europe is catching up. A capital that lives outside, a regime that taxes the first €600K of salary at 24%, and direct flights across the Americas.

Rank Madrid on my numbers →

In short, current to October 2026

  • A person earning $1,000,000 and resident in Madrid, Spain, pays an effective 43% of income tax on the Patrician.ch 2026 model, keeping $569K. At $300,000 the effective rate is 39%, and at $3,000,000 it is 44%.
  • Capital gains on a disposal by a resident individual are taxed at 28% in Madrid, so a $5,000,000 liquidity event realized after residence begins carries roughly $1.4M locally.
  • Inheritance: Children pay 5% or less. Madrid gives a spouse and children a 99% reduction of the tax bill, with no cap, so 1% of the tax stays due.
  • Spain operates a special regime for arriving foreigners: Beckham law: 24% flat on Spanish employment income up to €600K for 6 years for inbound hires and remote workers, and Madrid waives its wealth tax except for the amount the national solidarity tax charges above €3M, which Madrid collects instead. 49 of the 100 addresses on the Patrician.ch board sit in a jurisdiction that does.
  • On the passports most readers hold, the realistic route into Madrid is Remote work visa, Founder & talent.
  • Cost of the life is 70 on the Patrician.ch index where Zurich is 100, safety 8 of 10, schools 8 of 10. These 3 are Patrician.ch editorial indices scored by us, not published statistics.
  • Rules moved in April 2025: the golden visa closed. Any figure above is current to October 2026 and should be confirmed with counsel before it is relied on.

Official source: Spanish Official Gazette (BOE). Checked against it on .

Source: the Patrician.ch board, an original ranking of 100 residence addresses across 47 countries and territories. Tax rates, thresholds and routes are sourced. Cost, safety, schools, sun and beauty are Patrician.ch editorial indices. Figures current to October 2026. Updated . Cite as: Patrician.ch, Madrid tax and residence 2026 for a high earner, patrician.ch/cities/madrid/, October 2026.

Rules moved April 2025: the golden visa closed
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By the Patrician.ch research desk · Updated 29 October 2026 · 12 min read
The numbers

What Madrid takes, and what it costs.

Effective tax at $1M43%$569K kept after tax
Capital gains28%on a $1M gain
Cost index70Zurich = 100
Inheritance, children0.5%Children pay 5% or less
Supercar street index#34of 100
Safety8/10 
Schools8/10international options
The Patrician.ch 10028thof 100, the ranking
Prestige of address7/10Patrician.ch editorial index
A 200 m² prime home$2.7MUS$1M buys 75 m². Knight Frank, The Wealth Report 2026
Sun hours a year2,770Capital friendly
Spain net millionaire flow, 2025 forecast−500Henley forecast, country level

Tax on your bracket.

IncomeTaxEffectiveKept after tax
$300K$117K39%$183K
$1M$431K43%$569K
$3M$1.3M44%$1.7M
See these 2 places for your own income.Madrid and Marbella, side by side on your income, passports and family. Free, in the ranking of all 100. Then the Dossier: a written report in 10 chapters on the 3 places that rank first for you. The Dossier is $500. The founding price, $250, holds until 31 October.
Compare them on my income →

Special regime. Beckham law: 24% flat on Spanish employment income up to €600K for 6 years for inbound hires and remote workers, and Madrid waives its wealth tax except for the amount the national solidarity tax charges above €3M, which Madrid collects instead. In figures, 24% up to €600K and 47% above it on Spanish employment income: about $72K on $300K (24%), $315K on $1M (32%) and $1.26M on $3M (42%). Every other figure and ranking on this site uses the standard system.

Mid-table

Income kept after tax on $1M a year, US dollars, the 53 places in Europe on the board

  1. Monaco$1M
  2. Gibraltar$944K
  3. Andorra la Vella$904K
  4. Tivat$832K
  5. Vaduz$819K
  6. Jersey$800K
  7. Zug$787K
  8. Prague$778K
  9. Lucerne$724K
  10. St. Moritz$723K
  11. Hvar$709K
  12. Madrid$569K

Note: single filer, not a US citizen. Madrid ranks 23 of 53 here

Source: Patrician.ch 2026 tax model, built on official tax authority rates

Income tax on the published 2026 rules. Social contributions, most deductions and treaties are not modeled. Non-US single filer. Enter your own income, exit, passports, and family to see where Madrid ranks for you.

Rank Madrid on my numbers →

FIRE

The FIRE number in Madrid.

The capital whose yearly withdrawal, at 4%, pays for a year here after Madrid's tax on the gain part of each sale: 28% on a resident's listed securities, with half of each sale counted as gain.

A $100K year here $2.91M
A $150K year here $4.36M
A $250K year here $7.27M

Price your own year in all 100 places →

Who gets in

The residence route.

EU nationals register on arrival. Others use the digital nomad or highly qualified visa. The Golden Visa closed in April 2025. Elect the Beckham regime within 6 months of starting work in Spain.

Remote work visaFounder & talent
The life

An ordinary day in Madrid.

Madrid, Spain
🇪🇸 SpainMadrid
  • RetiroRun the park. It is 3 degrees warmer than London and the sun is already up.
  • SalamancaThe family office on Serrano, the Beckham election, and a lawyer who explains the solidarity tax in one sentence.
  • ChamberíLunch at 2:30 like everyone else.
  • La MoralejaDinner at 9:30, also like everyone else. The Americas are a morning flight away.

Flight times.

FromFlightRouting
New York7h 15mNonstop to Madrid Barajas
London2h 30mNonstop to Madrid Barajas
Zurich2h 25mNonstop to Madrid Barajas
Dubai8hNonstop to Madrid Barajas
Singapore16h 40m1 stop to Madrid Barajas
Tel Aviv5h 20mNonstop to Madrid Barajas

Scheduled gate to gate times on the fastest routing, with 1h 30m allowed for each connection. Airline schedules read October 17, 2026.

Healthcare

Care within reach.

Nearest emergency department2 kmHospital General Universitario Gregorio Marañón
Best ranked within reachWorld #42Hospital Universitario La Paz, 7 km
Life expectancy, Spain83.9years at birth, 2024
Doctors per 1,000 people4.3Spain, 2022
Hospital beds per 1,0002.9Spain, 2023
Health spending per person$3,107US dollars a year, 2023
Care coverage index84WHO, out of 100, 2023

Madrid has 3 hospitals in Newsweek's global top 70: La Paz (No. 42), 12 de Octubre (No. 50) and Gregorio Marañón (No. 68). Gregorio Marañón runs a central emergency department about 2 km east of Puerta del Sol.

HospitalRoleDistanceNewsweek 2026JCI
Hospital General Universitario Gregorio MarañónNearest emergency department2 kmWorld #68Not listed
Hospital Universitario La PazBest ranked within reach7 kmWorld #42No

Mid-table

Life expectancy at birth, years, the 20 countries and territories in Europe on the board

  1. Monaco86.5
  2. Switzerland84.4
  3. Liechtenstein84.2
  4. Andorra84.2
  5. Italy84.0
  6. Spain83.9
  7. Gibraltar83.6
  8. Luxembourg83.2
  9. Jersey83.1
  10. France83.0
  11. Malta83.0
  12. Portugal82.4
  13. Austria82.0
  14. Greece81.8

Note: Spain ranks 6 of 20. Latest year published for each, 2023 to 2024.

Source: World Bank, World Development Indicators, latest year for each country. Jersey: its government

Hospital ranks from Newsweek and Statista, World's Best Hospitals 2026. Accreditation from the Joint Commission International directory. Distances in a straight line from Madrid, from OpenStreetMap. Country figures from the World Bank and the WHO, the latest year each publishes. Checked 23.10.2026. Research, not medical advice.

Within reach

Near Madrid on the board.

Marbella, SpainMarbella🇪🇸 SpainIbiza, SpainIbiza🇪🇸 SpainBarcelona, SpainBarcelona🇪🇸 SpainPalma, SpainPalma🇪🇸 Mallorca, SpainAndorra la VellaAndorra la Vella🇦🇩 AndorraGibraltarGibraltar🇬🇮 Gibraltar

Tap any frame to step into it.

Madrid, SpainMarbella, Spain
Madrid vs MarbellaHead to head
Madrid, SpainIbiza, Spain
Madrid vs IbizaHead to head
Questions

How much income tax does a $1M earner pay in Madrid?

About $431K a year, an effective 43%, which leaves $569K of $1,000,000 on Patrician.ch's 2026 model.

At $300K the effective rate is 39%, and at $3M it is 44%. Income tax on the published 2026 rules. Social contributions, most deductions and treaties are not modeled. Special regime for arrivals: Beckham law: 24% flat on Spanish employment income up to €600K for 6 years for inbound hires and remote workers, and Madrid waives its wealth tax except for the amount the national solidarity tax charges above €3M, which Madrid collects instead. In figures, 24% up to €600K and 47% above it on Spanish employment income: about $72K on $300K (24%), $315K on $1M (32%) and $1.26M on $3M (42%). Every other figure and ranking on this site uses the standard system.

Does Madrid tax capital gains?

Yes. A resident individual in Madrid pays about 28% on a capital gain, about $280K on a $1,000,000 gain.

The rate is modeled on a $1,000,000 gain on listed securities after the common exemptions. Holding periods and exemptions can lower it.

Does Madrid have a wealth tax?

Yes. Madrid carries an annual wealth tax with a top rate of 3.50% of net assets, about $700K a year on $20M.

Madrid waives its wealth tax except for the amount the national solidarity tax would charge above 3M EUR, at 1.7%, 2.1% and 3.5% above 10.7M EUR, which Madrid collects instead.

Does Madrid have an inheritance tax?

Only lightly for children. Madrid gives a spouse and children a 99% reduction of the tax bill, with no cap, so 1% of the tax stays due.

What a child pays: under 0.5%. Source: Comunidad de Madrid, Legislative Decree 1/2010, article 25, current to October 2026. The heir's own residence and the location of the assets can bring another country's tax into play.

How does a foreigner get residence in Madrid?

EU nationals register on arrival.

Others use the digital nomad or highly qualified visa. The Golden Visa closed in April 2025. Elect the Beckham regime within 6 months of starting work in Spain. Routes that matter for money: Remote work visa, Founder & talent.

What is the cost of living in Madrid?

Madrid scores 70 on the Patrician.ch cost index, where Zurich is 100, and ranks 80 of 100 on cost, 1 being the most expensive.

Safety scores 8 of 10 and schools 8 of 10, with 2,770 sun hours a year. Cost, safety and schools are Patrician.ch editorial indices, not published statistics. Spain as a whole was forecast a net outflow of 500 millionaires for 2025 (Henley, country level).

The Dossier on Madrid, on your numbers.A written report on the 3 places that rank first for you, compared line by line on your income, a sale, your passports and your family. 10 chapters, written the moment you pay. Every tax figure carries its official source and the date it was last checked. The Dossier is $500. The founding price, $250, holds until 31 October. Refunded in full within 7 days of delivery, no reason needed.
Read chapters 1 to 3, free →
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<p style="margin:6px 0 0;font-size:.875em;line-height:1.4">Research by <a href="https://patrician.ch/cities/madrid/">Patrician.ch</a></p>

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Income tax on the published 2026 rules. Social contributions, most deductions and treaties are not modeled. Figures are for a non-US single filer. Wealth tax, an exit and your passports are added when you run the engine on your own numbers. Not advice. Residence rules change often. Verify before acting.

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