It is a Spanish non-lucrative permit (also known as visado rezidencia) is a visa for long-stay that allows non-Europeans to reside in Spain without having to work. Since you aren’t able to work while you are on a non-lucrative Visa, you need to have sufficient funds to provide for your family as well as yourself.
Who do non-lucrative visas are for?
The non-lucrative visa is a one-year residence permit that permits non-European citizens to live in Spain without the requirement to work.
The main need is to be financially secure This visa is ideal for:
Anyone who wants to retire who want to retire in Spain. This is why they call it”Spain retirement” or the “Spain retirement card”.
People who wish to remain within Spain to stay for 6 month or 1 year , and who have savings that can be used to pay for their own living expenses and not work.
People who wish to remain for a while in Spain for a time to experience its top cities before converting to a new residence permit, for example, an employment permit once they have found work.
What are the advantages of applying for a Non Lucrative Visa Spain UK?
There are many advantages to obtaining a non-lucrative Spain visa.
It is possible to apply for a visa that allows you to bring family members While other types of visas require you to be within Spain for at least one year prior to the family can be brought in the non-lucrative visa comes with no requirements for this.
You may become citizens of Spain Once you’ve been granted a non-lucrative one-year visa, you may apply for a two-year extension two times. Staying within Spain at least 10 years makes you eligible to apply for Spanish citizenship.
You may study with a non-lucrative visa that allows you and your dependents to join educational institutions as the student visa.
Earn extra cash through investing: Even if the non-lucrative visa does not permit employees to go on work trips, the visa does allow the investor to purchase shares, companies or real estate.
You’ll be an EU resident by obtaining a non-lucrative visa and a valid passport, you’ll be able for travel in any European country.
The Spain non-lucrative requirements for a visa
The process of obtaining a non-lucrative visa can be an easy process. The most crucial aspect to consider when getting this visa is the ability of you to manage your finances financially.
What amount of money will you require to get a non-lucrative visa to Spain?
In 2023, you’ll be required to earn an income that is passive (pensions or savings shares, rent, or any other investment that generates income) that’s at the minimum EUR 2,316 per month or EUR 27,793 per year.
In 2023 in 2023, for every new relative (dependent) you wish to move to Spain you will need EUR 6,948 more in the year.
Documents required to obtain a non-lucrative non-visa Spain
In order to submit an application to apply for an visa that is not lucrative Spanish Residence Visa, you’ll require:
Completed visa application form
Passport image (3×4 cm)
Original and duplicate of the first page your passport.
Police certification (less than 90-days old, and translated to Spanish by a certified translator)
Medical certificate to prove your overall health (translated in original)
Private health insurance
evidence of annual income of at the minimum of EUR27,793 (e.g. bank statements that are less that 90 days and investments and real estate)
How do you make an application to apply for Spain non-lucrative Visa and Spanish residence permit
In order to apply for the Spain non-lucrative visa must be processed through the closest Spanish consulate in the country of residency. For instance when you want to convert your Student visa, to an non-lucrative it is necessary return to your home country first.
Here’s how it appears:
Request your Spain Visa that is not lucrative (at at least 5 weeks prior to your departure in Spain).
Make an appointment for a visa at the embassy in the vicinity.
Send the necessary documents.
Participate in the interview by bringing copies of the documents you have submitted.
Pay the fee.
Get your visa.
When you arrive in Spain Register at the town hall and request the Foreigner Identity Card at the police station.
Time to process non-lucrative visas
In general, you’ll receive the results of your visa application in 2 to 5 weeks. However, in the event that your Spanish consulate within your area is busy and the process can take as long as 3 months.
How do you have to stay for in Spain on a non-lucrative Visa?
It is the Spain Non-lucrative Visa is good until 90 days. This means that during the 90 days you must visit Spain and then apply for your International Identity Card within 1 month after your arrival.
How do I renew my non-lucrative visa?
This non-lucrative license is good for one year. It is possible to renew it for an additional 2 years provided you’ve resided for at least 183 days in Spain for at least 183 days , and you have sufficient funds enough to cover 2 years. The renewal process can be completed within 60 days prior to and 90 days after expiration date.
Can I convert my non-lucrative Visa to one that is permanent?
Yes. You can renew your non-lucrative visa twice. After five consecutive years of residency it is possible to apply for permanent residency in Spain in order to not have to meet the requirements every time. After 10 years of continuous residence you can submit an application to be granted Spanish citizenship.
Can I convert my non-lucrative passport to one that is a work visa?
It’s definitely possible to convert your non-lucrative residence permits to the work permit or even become self-employed with a residence modification. This is the way that some individuals have done if they have enough money to support themselves while searching for work in Spain.
You can apply straight from Spain in the event that you meet the criteria to obtain the visa you want and have lived legally for a period of time in Spain for at the least one year.
Have you to be paying tax in Spain using a non-lucrative Visa?
If you’re required to reside in Spain for longer than 183 days and you’ll be a tax resident and need the obligation to settle taxes.
Tax will be imposed on your income worldwide. The positive side is Spain has agreements with double taxation to ensure that you don’t pay taxes twice, in Spain as well as in the country from which the passive income you earn is generated.
Additionally when it is your intention to invest with Spanish firms, you’ll be required to pay capital gains tax.
The tax rates for income range between 9.5 percentage and 22.5 percent in Spain according to the autonomous community you’re in.
Do I have the ability to work remotely on an Spanish not-lucrative work visa?
Remote work is considered to be a grey area for non-lucrative visa applicants. It’s legal for you to do remote work while you’re on non-lucrative visas in Spain. But, it’s not qualified to meet the financial conditions of the visa, and you should be careful not to mention it during your application. This is a typical reason to reject your application.
If you’re thinking of doing work remotely from Spain we suggest that you look into an electronic nomad visa.
What makes a visa that is not lucrative distinct from the Golden Visa?
There’s a Spain Golden visa is another alternative for citizens of non-European countries to stay in Spain. There are a few distinctions between the two visas:
The golden visa permits the holder to live and work in Spain however, those with a non-lucrative Visa, it’s not feasible.
To allow additional family members into Spain through this Golden visa you need to remain in Spain for a period of one year. The non-lucrative visa permits applicants to apply for the visa together.
It’s not necessary to reside for 183 days in Spain for 183 consecutive days with the Golden visa. It’s enough to visit the country once every year.
Since you don’t need to be in Spain for the full 183 days, you do not need to be tax-residents in Spain.
The Golden visa permits applicants to apply even if they live in Spain The non-lucrative Visa will require you to apply in your home country.
García de Ceca | Despacho de Abogados
C. de Carbonero y Sol, 1, 28006 Madrid, España
+34 633 888 618