Getting a Spanish non-lucrative residence permit
The permit to retire, work remotely from Spain or not work at all.
If you plan to move to Spain, a non-lucrative visa Spain could be a good option for you. But this visa has requirements that need to be completely fulfilled to live legally in Spain.
If you want to know more about this visa and what are the main requirements, this information will help you.
A non-lucrative residence visa is a type of residency permit in Spain for non-European citizens who want to live in Spain for more than 3 months. It’s important for you to know that this residence permit will NOT allow you to do any economic and professional activities in Spain.
The non-lucrative residence visa is the most preferred for most expats who find Spain a better destination since it is not necessary to invest in Spain to obtain it. However, the applicants must prove their economic means to live in Spain for at least one year without working.
After the initial year of residency in Spain, its possible to renew the visa every 2×2 years, making a total of 5 years. Later, it is possible to apply to a Spain’s permanent residence. Besides, the Spain’s non-lucrative residence visa allows you to bring your family members as you can have enough money to sustain them.
Financial means
To prove that you have enough funds to sustain yourself in Spain, IPREM is an indicator to determine the minimum income for an individual annually.
The non-lucrative visa Spain applicants must have at least 400% of the IPREM value in their bank account for the first year. Currently, the 400% IPREM value per month for 2022 is €2.316,08. This gives an IPREM value of €27.792,96 (minimum) per year.
Having 400% of the amount means that your bank account must have €27.792,96 or more if you include your family members. An additional €6,948.24 is required yearly for each additional family member under the Spanish non lucrative visa.
Other important requirements
Furthermore, the visa applicants must have a police clearance certificate with proper translations into Spanish by a sworn translator to show their lack of criminal records and of the countries where the applicants have resided for the last 5 years.
Non lucrative visa Spain applicants, like other residence authorization must acquire a private health insurance cover.
The health insurance must be one year or longer and must be issued by a private insurance company operating in the Spanish territories. The insurance policy should not have co-payments.
The application process must be done in the country of residence (usually takes up to 3 months to be approved) before traveling to Spain. It means that tourists who have entered Spain cannot apply for non-lucrative visa Spain. A residence card is issued to the successful applicants once they arrive in Spain.
To increase the chances of a successful visa application, be sure to provide the correct information when filling your application forms. Engaging an expert such as an immigration lawyer to help you with the application is recommended.
