Residence Visa For Non-Lucrative Purposes Spain?

Residence Visa For Non-Lucrative Purposes Spain
What is a non-lucrative visa, and who is it ideal for? – Spain’s non-lucrative visa allows non-EU citizens to live in Spain if they can prove that they have the financial resources to support themselves and their family. A non-lucrative visa can be applied for by third-country nationals who wish to reside in Spain for longer than 90 days and do not intend to work in Spain.

How much do I need to invest in Spain to get residency?

Who Can Get a Golden Visa for Spain? – To be eligible for a Spanish Golden Visa, you must make one of the following investments:

  • Purchase real estate in Spain worth at least €500,000. The real estate can be one single unit or several, with an overall worth of no less than €500,000.
  • Make an investment in the Spanish public debt of at least €2,000,000.
  • Buy shares in a company or make a deposit in a Spanish bank of at least €1,000,000.
  • Invest in a new business that will offer employment opportunities, contribute to scientific and/or technological innovation and have a relevant socio-economic impact in the area where the business will be undertaken.

In addition to the investment, you must also fulfil the following requirements:

  • You must be of legal age (+18 years old).
  • You must have no history of criminal records.
  • You must not have been refused a Schengen Visa in the past.
  • You must have health insurance in Spain.

Because the investment is so substantial and risky, most potential applicants consult with professionals in the field of investment immigration to determine eligibility. La Vida is a consultancy and assistance company, experienced in immigration law, real estate, and international investment. Their range of experts can guide you through your options and even help you apply for the Spanish Golden Visa.