Non Lucrative Residence Spain?

Non Lucrative Residence Spain
What is a Non Lucrative Visa Spain? – A non-lucrative residence visa is a unique type of residency permit in Spain for non-European citizens who insinuate to travel to Spain for long term life. This residence residence permit is non-profit in that you will not be permitted to do any economic and professional duties in Spain. The non-lucrative residence visa is the most preferred for most expats who find Spain a better destination since it is not mandatory to invest in Spain for you to obtain it.

However, the applicants must prove their financial capabilities of supporting their stay in Spain for at least one year without working. After the initial year of residency in Spain, this visa is subsequently renewable every 2×2 years , making a total of 5 years stay.

Later, anybody who wants to have a permanent stay can apply for a permit to become Spain’s permanent residence. Besides, the Spain’s non-lucrative residence visa allows you to bring your family members so long as you can have enough money to sustain them.

How much money do you need to get a non-lucrative visa in Spain?

The minimum amount of money you must have to get this residence permit – In the case of the non-lucrative visa, you must prove that you have 400% of the IPREM annually on your bank account. For this year 2021, the IPREM is 564,90€ for a month. As the measurement unit we are interested in is the year, our target will be 6.

778,80€. That is, the main applicant for this visa must demonstrate he or she has is 27. 115,20€. Nevertheless, we suggest you have a bit more than that if you would like to have a successful application.

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Take this number as a minimum reference point. Especially because depending on which consulate you apply in (for example in Washington or Moscow), the minimum amount is much higher. We, therefore, recommend that you to consult our lawyers to find out exactly how much you will have to prove according to your country of origin.

What is non-lucrative residency in Spain?

What is a Non Lucrative Visa Spain? – A non-lucrative residence visa is a unique type of residency permit in Spain for non-European citizens who insinuate to travel to Spain for long term life. This residence residence permit is non-profit in that you will not be permitted to do any economic and professional duties in Spain. The non-lucrative residence visa is the most preferred for most expats who find Spain a better destination since it is not mandatory to invest in Spain for you to obtain it.

  • However, the applicants must prove their financial capabilities of supporting their stay in Spain for at least one year without working;
  • After the initial year of residency in Spain, this visa is subsequently renewable every 2×2 years , making a total of 5 years stay;

Later, anybody who wants to have a permanent stay can apply for a permit to become Spain’s permanent residence. Besides, the Spain’s non-lucrative residence visa allows you to bring your family members so long as you can have enough money to sustain them.

Is it easy to get a non-lucrative visa for Spain?

How to obtain a Non-Lucrative Visa residence to live in Spain

Spanish Non-Lucrative Visa Processing – The Spanish authorities may take up to three months to process your non-lucrative residence visa application. Though most countries process the visa from two to five weeks , if the Spanish authorities in your country receive a lot of applications for Spain, then the processing may be delayed to three months.

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How long can you stay in Spain on a non-lucrative visa?

How long can you stay in Spain as a non-resident? – The tourist visa will allow you to stay in the country for just three months. Ninety days is the maximum amount of time you can legally live in Spain without obtaining a residency certificate.