The non-lucrative visa in Spain is a type of visa that allows individuals to reside in Spain without engaging in any work or professional activity. It is suitable for individuals who have sufficient financial means to support themselves and their dependents during their stay in Spain. Here are some key points about the non-lucrative visa:

Purpose

The non-lucrative visa is intended for individuals who wish to live in Spain for reasons such as retirement, studying, or pursuing personal projects, without the need to work or generate income in Spain.

Financial Requirements

Applicants must demonstrate that they have sufficient financial means to support themselves and their dependents during their stay in Spain. This typically involves providing proof of a stable income, such as retirement pensions, investments, or savings. The specific financial requirements may vary depending on the region in Spain where the application is made.

Health Insurance

Non-lucrative visa applicants are required to have private health insurance that provides comprehensive coverage for medical expenses in Spain. The insurance must meet certain minimum requirements, including no waiting periods for pre-existing conditions and coverage for the entire duration of the visa.

Application Process

The non-lucrative visa application process involves submitting various documents, including a completed application form, proof of financial means, proof of health insurance, a valid passport, and a criminal record certificate. The application is typically made at the Spanish consulate or embassy in the applicant’s home country.

Duration and Renewal

The initial non-lucrative visa is usually granted for one year, after which it can be renewed for up to two additional years. After residing in Spain for five years with a non-lucrative visa, individuals may be eligible to apply for long-term residency or permanent residency.

It is important to note that the specific requirements and procedures for the non-lucrative visa may vary depending on the consulate or embassy where the application is made. It is recommended to consult with the Spanish consulate or embassy in your home country for detailed information and guidance on the non-lucrative visa application process.

How Much Money do you Need for a Non-Lucrative Visa in Spain?

The financial requirements for a non-lucrative visa in Spain can vary depending on the region and specific circumstances. However, as a general guideline, applicants are typically required to demonstrate that they have sufficient financial means to support themselves and their dependents during their stay in Spain. This typically involves showing a stable income or sufficient savings.

The specific amount of money required can vary, but it is generally recommended to have a minimum monthly income of around €2,200-€2,500 per month for the main applicant. Additional funds may be required for each dependent included in the application.

It is important to note that these figures are approximate and can vary depending on factors such as the region in Spain where the application is made and the cost of living in that area. Additionally, the Spanish authorities may have specific guidelines or requirements for financial means that need to be met.

It is recommended to consult with the Spanish consulate or embassy in your home country for detailed information on the financial requirements for a non-lucrative visa in Spain. They will be able to provide you with the most accurate and up-to-date information based on your specific circumstances.

What are the Conditions for a Non-Lucrative Visa in Spain?

The conditions for a non-lucrative visa in Spain may vary slightly depending on the specific consulate or embassy where the application is made. However, here are some common conditions that typically apply:

Financial Means

Applicants must demonstrate that they have sufficient financial means to support themselves and their dependents during their stay in Spain. This usually involves providing proof of a stable income, such as retirement pensions, investments, or savings. The specific financial requirements may vary depending on the region in Spain where the application is made.

Health Insurance

Non-lucrative visa applicants are required to have private health insurance that provides comprehensive coverage for medical expenses in Spain. The insurance must meet certain minimum requirements, including no waiting periods for pre-existing conditions and coverage for the entire duration of the visa.

Criminal Record Certificate

Applicants are typically required to provide a criminal record certificate from their home country or any other country where they have resided in the past five years. The certificate should show that they do not have a criminal record.

Purpose of Stay

Applicants must clearly state the purpose of their stay in Spain, such as retirement, studying, or pursuing personal projects. They must provide supporting documents or evidence to justify their intended activities in Spain.

Accommodation

Applicants must provide proof of accommodation in Spain, such as a rental agreement or property ownership documents.

Valid Passport

Applicants must have a valid passport with a minimum validity of six months beyond the intended stay in Spain.

It is important to note that the specific requirements and procedures for a non-lucrative visa may vary depending on the consulate or embassy where the application is made. It is recommended to consult with the Spanish consulate or embassy in your home country for detailed information and guidance on the specific conditions for a non-lucrative visa in Spain.

Do I Pay Tax in Spain on a Non-Lucrative Visa?

Yes, individuals holding a non-lucrative visa in Spain are generally required to pay taxes on their worldwide income. This includes income earned both in Spain and abroad. However, the specific tax obligations may vary depending on factors such as residency status and the duration of stay in Spain. It is advisable to consult with a tax professional or the Spanish tax authorities for accurate and up-to-date information regarding your specific situation.

What is the Difference Between Golden Visa and Non-Lucrative Visa in Spain?

The Golden Visa and Non-Lucrative Visa are two different types of visas available in Spain, each with its own purpose and requirements:

Golden Visa

The Golden Visa is a residency permit that allows non-EU citizens to live and work in Spain in exchange for making a significant investment in the country. The investment can be made through purchasing real estate, investing in Spanish companies, or contributing to public debt. The minimum investment amount varies depending on the type of investment chosen. The Golden Visa provides a pathway to Spanish residency and, eventually, citizenship.

Non-Lucrative Visa

The Non-Lucrative Visa is a residency permit that allows non-EU citizens to live in Spain without engaging in any lucrative activities. It is typically intended for individuals who have sufficient financial means to support themselves and their dependents without the need to work in Spain. The visa is granted for a specific period, usually one year, and can be renewed annually. It does not provide a pathway to Spanish citizenship.

In summary, the Golden Visa is a residency permit obtained through a significant investment in Spain, while the Non-Lucrative Visa is a residency permit for individuals who can support themselves financially without working in Spain.