Spain - NON - LUCRATIVE VISA

Country Overview

Spain hasbeena member of the EU since 1986. It is located on the Iberian Peninsula and shares borders with France, Portugal and Andorra. The country maintains strong international trade relations and has a stable economy. Spain is a beautiful country with a rich culture, diverse landscapes, a wonderful climate and education and health systems that are among the best in Europe. Spain currently ranks fourth for the best countries to live globally.

Requirements

  • No criminal record Requested from country of origin
  • Proof of sufficient financial means (passive income sources)
  • To have qualifying medical insurance
  • To have a place of residence in Spain

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Economic Requirements

The incomelevelsofthenon-lucrativevisa established bythe law are the minimum required, and an application showing this level of income is usually rejected. It is highly recommended that you demonstrate higher amounts than those specified.

The figures are based on the Public Indicator of Multiple Effect Incomes (IPREM) and the applicant must demonstrate that they have at least 400% of the specified amount. The current specifications require that the applicant must demonstrate that they have an income of €2259.60 per month (564.90 x 4), plus €564.90 for each extra family member.

It must be demonstrated that these amounts can be maintained for at least one year. It is possible to combine savings and (passive) income to reach the minimum level required for the non-lucrative visa.

Benefits

EASY PROCESS:

By demonstrating that the requirements are met, the process is simple and streamlined.

WORK IS PROHIBITED:

This visa does not allow you to carry out any economic activity in Spain. You may consider the Digital Nomad Visa instead.

ALLOWS STUDY AND PAID INTERNSHIPS:

You will be able to study in Spain and carry out paid internships in the territory.

JOINT APPLICATION

You can apply for residency for your family in the same application.

ACCESS TO THE SCHENGEN ZONE

Visa-free access to all countries that are part of the Schengen area without the need for an additional visa.

FIRST STEP TO PERMANENT RESIDENCY AND/OR NATIONALITY

After the first 2 renewals you can apply for permanent residency, and later for nationality.

Step by Step

1

Application for non-lucrative residency at the consulate of the country of current residence, using the model form Ex 01. All applicants (including eligible family members) must submit the following primary documents and additional support documents:

  • Valid passport.
  • Certificate of criminal record.
  • Proof of sufcient economic support documents.
  • Proof of medical insurance.
2

Wait for the response from the government. This process can take up to three months.
3

Collect the visa.
4

Enter Spain (within 3 months of visa issue date).
5

Apply for the foreigners’ identity card (T.I.E.) in Spain. In addition, the following documents must be presented:
  • Passport.
  • Three recent photographs.
  • Residency permit.
  • Proof of payment of the required fees.
  • Empadronamiento
6

Collect your T.I.E. This card must be carried with you at all times during your stay in Spain.

Summary

If you are thinking of moving to Spain for retirement purposes, the non-lucrative residency is a viable option. This visa grants residency rights to foreigners in Spain. It is intended for retirees and passive investors. This visa does not allow you to work in Spain, but it allows studying, and requires proof of sufficient financial means to support yourself and, if applicable, your family. The initial duration of this visa is 1 year, and the first two renewals are valid for periods of 2 years. After the third renewal, you may choose to apply for a long-term residency.*

Nationals of Ibero-American countries and former colonies are eligible for nationality after 2 years of residency.

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