Spain Non Lucrative Visa
How to obtain a Non-Lucrative residence Visa to live in Spain
The Non-lucrative Visa in Spain is for people who wish to establish their residence in Spain, and have sufficient means of subsistence to live in Spain, without the need to perform any commercial activity.
Non EU nationals looking to reside in Spain for more than 90 days require a visa for entry into Spain. The non-lucrative residence visa allows you to reside in Spain, but does not permit a professional activity nor employment. If they want to spend more than half a year in Spain, a non-lucrative visa is a good option to formalize their residence. The non-lucrative visa is one type of Spanish residence permit.
Spain is a country that stands out for its quality of life for expats, holding an outstanding position in global rankings, especially concerning customs and family life. Obtaining Spanish residency will bring a range of benefits, including free access to 26 European countries in the Schengen area.
Non lucrative visa after Brexit
Who should be think on applying for the non-lucrative visa?
This non-lucrative visa is specially suitable for:
- People who want to spend her retirement in Spain.
- All those born outside Spain with the necessary economic muscle to be able to live in the country without having to work.
- For those who plan to spend their first year in Spain without working and, after this period, want to return to work, as the non-lucrative visa allows you to change and apply for a work permit after 365 days.
Which are the main benefits of the Visa?
This Visa has a series of benefits that make it very attractive for people who want to reside in Spain and are able to meet the requirements that are demanded. Some of the most important are the following:
- You can make your family live in Spain too. It is easy to have your wife and children once you have been approved for a non-lucrative residence permit. The only requirement you need to prove is that you will be able to support them as well.
- You will be able to apply for both longer-term residence permits and citizenship.
The permit is initially granted for a period of one year. After this time, the next two renewals are for two years. Once this first period has elapsed, the next permit granted is a long-term permit.
At the end of all these renewals, you will have the possibility to apply for Spanish residency, which requires you to have lived in the country for ten years as a general rule.
- The non-lucrative visa for Spain opens doors to study in the country. In addition, as internships are educational in nature, you can also do them even if you are paid for them.
- Other great benefit of this Visa is that if you want to go to any place inside the Schengen area, you will be able to do it freely.
Non Lucrative Visa requirements
The non-lucrative residence visa application must be submitted at the Spanish Consulate of the applicant’s home country.
- Application form.
- Valid passport or travel document.
- Criminal record document or equivalent.
- Documentation proving medical insurance.
- Medical certificate.
- Documentation proving sufficient financial means. This financial requirements needs to be clarified:
The minimum amount of money requested by the IPREM to obtain the non-lucrative residence permit is as follows because they are one of the most important things in order to get the non-lucrative residence for Spain:
As the applicant, you must prove that you receive 400% of the IPREM* into your bank account annually. For 2021, the IPREM is €564.90 for a month, meaning that you would need a regular monthly income of €2,259.60 or €27,115.20 yearly, or its equivalent in the foreign currency.
For each additional family member, 100% of the IPREM is required, which in 2021 amounts to €564.90 per month or its equivalent in the foreign currency.
Likewise, in order to prove that you have the financial means to live in Spain, you can use any legally accepted means. In this case, you can provide a bank statement or any other document that proves that you have sufficient economic means to live in Spain with your family members.
What is the deadline to submit the non-lucrative residence visa?
The deadline for processing the application is three months. If the visa is granted, the applicant must enter Spain within the validity period of the visa (maximum 3 months). Within one month of entering Spain, the foreign national must register and personally apply for the residence card.
Non Lucrative Visa taxes
With regard to the taxes derived from the non-lucrative residence, it should be noted that in order to be eligible for renewal, it is compulsory to spend a minimum of 183 days in Spain, which implies becoming a tax resident.
This means that they will be accountable to the Spanish tax authorities for the revenues they have earned worldwide. However, this does not mean that you have to pay twice for the same income, in Spain and in the country where it was generated, as there are double taxation agreements for them.
The other two cases in which tax will be payable in Spain are on profits made on investments or on those associated with the sale and purchase of property.
Frequently Asked Questions
It is a permit that allows you to reside in Spain and travel throughout the Schengen area. Its main characteristic compared to others is that you do not need to have any remunerated activity.
Obtaining this permit allows us a period of residence in Spain of 1 year. After this time the visa can be renewed two years for a total of two times. Once this time has elapsed, it is possible to apply for permanent residency.
This card must be renewed after one year in the country, and the renewal permit obtained is valid for a period of two years.
You must submit the renewal application between 60 days before and 90 days after the expiry date of the visa.
The requirements are practically the same as those initially requested. However, there are some changes that should be taken into account, such as, for example, that in terms of economic solvency the figure is multiplied by two, which is logical if we think that the renewal is for two years.
The reasons why an application may be rejected are varied. Before taking any action, we always recommend that you make sure that you have the most up-to-date information and review official sources of information such as this one or this one.
In case you do not get an affirmative response to your application, our advice is to consult a lawyer specialised in immigration law to resolve the obstacles that have prevented you from obtaining a visa.
No, it is not allowed to obtain a non-lucrative visa if you have been living in the country on a student visa before. For this, you need to return to your home country and start the visa application process.
Yes, it can be done. After the first year you can apply for a change from a non-lucrative visa to another residence permit that allows you to work. This requires a pre-employment contract that proves the viability of granting the work permit.
You have to live in the country for 183 days a year. The main implication of this measure is that you are obliged to declare taxes to the Spanish state.
And what is the best option if I don't want to spend all that time in Spain and don't want to pay taxes either?
Of all the options offered by Spanish immigration legislation that do not require long periods of residence or having to account to the tax authorities, we recommend the Golden Visa, also known as residency by investment.