Procedure and requirements for non-lucrative visa for Spain
Non Lucrative visa for Spain UK
If looking to resides in any European country Spain is on top of the list. Factors like great climate, culture and scenic view makes it an attractive option for residence and retirement. It’s a part of the lifetime plan for many to own a property in Spain and get retired there. After Brexit the visa law got changed for British citizens as well. As per the Brexit law there are limited number of days a visitor can stay in Spain either a foreigner or British citizen.
For residing in Spain or getting retired in Spain British citizens can apply for Non-Lucrative residence visa. Here you will get to know about Non-Lucrative visa, how British citizen can apply for it, and how it is different from Golden visa.
Non-Lucrative visa is ideal for?-
Non-lucrative visa is for those who are looking to reside in Spain, but for that one need to have the financial resource in the country to support their living. It is basically for the foreign country nationals who are not working in Spain but wish to reside in Spain for more than 90 days.
Non-lucrative Spain visa is for the one looking to get retired in Spain.
A non-lucrative and golden visa-
Non-lucrative visa is different from Golden visa. As for a Golden visa it requires to have a kind of investment in Spain. The most common way is to purchase a house or residential property on Spain over the worth of €500,000. Apart from residential you can also make commercial investment.
Whereas non-lucrative Spain visa doesn’t requires any sort of investments, which makes it ideal for retired British citizen or non-working residents.
Golden visa also provides residency in Spain but it is ideal for the investors or businessman, who are looking to make investment in Spain or to set a business in Spain. For A Golden visa the net worth of investment value should be equal to or greater than €500,000 for the applicant free from any mortgage.
- Requirements for Golden visa-
- It is required to have 1 million Euros in Company shares or stock of Spanish capital companies indulge in actual business activity.
- 1 million Euros in investment funds. It could be either closed-end investment funds or venture capital funds. If not then 1 million Euros is required in bank deposits of Spanish financial institution.
Validity of non-lucrative Spain visa-
Non-Lucrative visa remains valid for the period of 1 year once it is issued, after that one can apply for renewal for an additional period of 2 years. Also after the five years of legal residency one can apply for permanent residency in Spain. Make sure renewal of non-lucrative Spain visa must be submitted in Spain only.
For renewing a non-lucrative visa after expiration, 183 days of stay is required in a year in Spain. You will get a chance to apply for a long term residency permit after spending 5 years of legal residency in Spain. Like this after 10 years of Permanent residency in Spain one can easily apply for Spain citizenship. For this one have to give up the previous citizenship.
Why people look for Spain non-lucrative visa, as there must be some special benefits. Check out the benefits as mentioned below.
Spain non-lucrative visa benefits-
Applying for a non-lucrative Spain visa as British citizen provides various benefits as mentioned-
- Not required to spend in Spanish property- Unlike the golden visa, no economic investment is required to obtain non-lucrative visa.
- Apply for a family or joint visa- on a non-lucrative Spain visa one can include the immediate family members like Spouse or children. They can perceive education legally while being the dependent of non-lucrative Spain visa.
- Can progress to working visa- A non-lucrative visa always has a flexibility to be amended as a working visa after the successful renewal after 1 year.
- Potential to invest- you can also invest in a property to be used later for the rental purpose.
- Free movement- A non-lucrative visa holder can travel freely to any European Schengen country among 26. Only passport will be required at the border to be checked.
- No need to work in Spanish territory- If you are looking to retire in Spain, non-lucrative visa is the perfect option to go with. You can easily settle down and retire here there is no need to work in Spain.
Prepare all required set of documents properly to apply for a non-lucrative Spain visa being a British citizen. Correct documents leads to minimize the chances of visa rejection-
Documents for non-lucrative Spanish visa-
Following documents are required to obtain non-lucrative Spanish visa with ease-
- Passport with at least one-year validity before its expiry date.
- Certificate proving no criminal record in both the UK and Spain, valid for three months.
- Have proof of sufficient funds. You require accreditation of sufficient economic means to support the expenses of your stay for one year. Throughout 2021, for monthly support, you must prove that you have €27,115.20 in your account or that you receive a minimum monthly income of €2,259.60. For each dependent, you must provide a further €6,778,80 per year or €564.90 per month.
- Should not already be living in a non-legal (irregular) situation in Spain.
- Sufficient healthcare insurance.
- Medical certificate that proves that you do not suffer from any of the diseases that may have serious public health repercussions in accordance with the International Health Regulations of 2005.
Steps to apply for a non-lucrative Spain visa-
- Where to apply
Before leaving Spain you need to apply for a non-lucrative visa where you have to submit the application at the nearest consulate general at Spain in UK.
Application must be presented by the applicant itself. But in the situation of some extreme cases, the parents or guardian can submit the application on behalf of the minor applicant.
- What to expect
An interview will be conducted at the consulate office after submitting the documents. Be polite and honest as visa decision depends on the interview after documents verification.
The consulate will take 1 month of time to either accept or deny the visa. After once it is being approved, you will get a month time to collect the visa from consulate.
- Arriving in Spain
After getting the grant for the visa you must arrive Spain within 3 months. After entering to the country within a month you need to visit foreigner’s office to apply for TIE. It is a foreigner identity card also known as resident’s card. Also you are required to complete the registration at the town hall for the municipality in which you are residing in Spain.
Tips to renew Non-lucrative visa-
Following documents are required for renewing of non-lucrative Spain visa-
- Application Form EX01 (two copies).
- Your passport (valid for at least one year).
- Copy of all the pages of your passport.
- Your current Tarjeta de Identidad de Extranjeros or TIE.
- Fee Form 790-052 (paid and stamped).
- Your address registration in Spain ( padrón ).
- Health insurance that complies with the requirements of the Immigration Office.
- Proof of an adequate and stable income available for the next two years (monthly, more than four times the current year’s IPREM for the main applicant, and additionally, one IPREM for each family member).
Make sure if the documents are not in Spanish, you need to use the official translation service accepted by Spain’s ministry of foreign affairs.
FAQs-
- How long one can stay in Spain being a non- residence?
- With a tourist visa one can stay in Spain for 3 months. The maximum stay is 90 days only without any residence permit.
- What is the income requirement needed to retire in Spain?
- As the cost of living is relatively low in Spain, so one can comfortably retire on around €25000 per year. It also depends on the lifestyle or the region you choose to live in Spain.
- Which visa is required to retire in Spain?
- One can either have Golden visa or non-lucrative visa to stay longer and then retire in Spain. It depends on the financial circumstances of the applicant.
- How retiring in Spain is a good choice as compared to other European Schengen?
- It is a good choice to retire in Spain as due to low cost of living, affordable healthcare, and famously known for history and culture, these all makes it the popular location for retirement.