With the current climate of political unrest in both the US and UK, many people are considering moving to Spain to start a new life. As part of this move, some will want to obtain a non lucrative visa, which will allow them to live in the country without working there or making a large investment (like a golden visa). If you are thinking about moving to Spain with a non lucrative visa, read on to learn more about how it works and what to expect from the process.
Who can apply for a Spain non lucrative visa?
Generally, anyone who can prove they have enough money to support themselves in Spain is eligible to apply for a non lucrative visa. This includes family members such as spouses or children. However, the individual applying must be the one who submits all of the necessary paperwork. Additionally, they must be able to show that they have enough money to support themselves in Spain for an extended period of time without needing to work.
Aside from showing that they have enough money to live in the country, applicants must also provide proof of various other sources of income. This could include a pension, dividends, rental income, etc. Similarly, they must prove that they have sufficient assets in the country of origin to cover any debts they may have. This is to ensure that they will not end up a financial burden on the state of Spain once they move there.
Typically, the minimum amount of money required to qualify for a Spain non lucrative visa is around EUR28,800 per year for an individual. This figure is higher if the applicant is coming to the country with family. For this reason, it is important that the applicant starts gathering all of the required documentation well in advance of their scheduled appointment. This way, they can be sure that the documents adhere to all of the requirements set out by the Spanish authorities.
Another important piece of information for those applying for a Spain non lucrative visa is that they must have health insurance that covers them while living in the country. This can be purchased from a licensed provider in the country of residence or in Spain itself. Additionally, the individual must be able to prove that they are not infected with any diseases that may have serious public health repercussions.
The Spain non lucrative visa is a great option for those looking to begin a new life in the country. It can be renewed for two years at a time, and it is possible to eventually transition to a work visa. This is a much easier route than the Golden Visa, which requires an extensive range of types of investments in order to be approved. For more information about this visa and how it can help you, speak with a lawyer today. They can answer any questions you may have about the process and help you get started on your journey to Spain!
