Non Lucrative Spanish Visa program
Residence permit in Spain for financially independent foreigners

Since 1992 Feod Group has been providing a wide range of immigration, business and legal services in Spain

The company includes international and Spanish lawyers

Offices:

✓ Residence permit in Spain for the whole family
✓ No investment
✓ No Spanish language requirement
✓ Spanish citizenship after 10 years

 

Residence permit in Spain for financially independent foreigners

 

The category “Financially independent foreigners” (Non Lucrative Residence) is intended for citizens from non-EU countries, which allows you to move to Spain and receive a Spanish resident card with your whole family without having to buy a business, real estate, or invest money.

The Non Lucrative Spanish Visa is a more affordable alternative to the Spanish Golden Visa.

A residence permit of this type does not provide for the opportunity to study or work. Therefore, a prerequisite for issuing a resident card for financially independent persons is the availability of sufficient savings.

The income level is determined by the multifunctional coefficient of total income in Spain – IPREM.

The Indicador Público de Renta de Efectos Múltiples (IPREM) is an index used in Spain as a benchmark for the provision of aid, subsidies or unemployment benefits.

To obtain a residence permit in Spain without the right to work, the applicant must confirm his financial independence and the availability of funds in the amount of at least 400% IPREM for the main applicant and + 100% IPREM for each subsequent family member per month.
The current IPREM for Spain in 2022 is € 549,02 per month or € 6 948,21 per year.

The main criteria for obtaining a residence permit in Spain for financially independent persons in 2022:

The name of the programNon Lucrative Spanish Visa
Minimum monthly income*

 

from 2,316 € per month per main applicant

+from 580 € for each additional family member

Bank accountfrom € 27,800 per main applicant
Property in SpainYou need to confirm your place of residence in Spain.

It can be both long-term rent and home purchase for any amount.

Family members
  • spouse,
  • children under 18 years old,
  • children over 18 years of age, provided that they are dependent of the applicant;
  • parents who are fully supported by the applicant
Period of validity of the residence permitResidence permit is issued for 1 year, then 2 times for 2 years,

in 5 years – permanent residence in Spain

Spanish citizenshipafter 10 years of residence
Permanent residence need to stay in Spain for 6 months a year (183+ days)
Features of the programIn the second year of living in Spain, you can change to a residence permit on a general basis (with the right to work).
 

Other Requirements

 

  • confirmation of the legality of the source of origin of funds;
  • no criminal record, visa and immigration violations;
  • absence of tax arrears and other debt obligations;
  • absence of dangerous diseases.
  • availability of private health insurance

 

* The amounts shown are the absolute minimum. The higher your passive income, the more likely your application will be approved.

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    Benefits of a residence permit in Spain for financially independent persons:

     

    ✔ Full access to European life style
    Teaching children in local schools and universities, high-quality medical care, obtaining a European driver’s license and much more.

    ✔ No minimum investment
    To participate in the program, you do not need to invest or buy real estate for a certain amount

    ✔ Residence permit for the whole family
    Your spouse, minor children and elderly dependent parents can obtain a Spanish Resident Card

    ✔ Work permit after 1 year
    After 1 year of residence in Spain for this residence permit, you will be able to apply for a work permit in Spain and seek employment.

    ✔ The path to permanent residence and Spanish citizenship
    After 5 years, you will be able to apply for a permanent residence permit in Spain, and after 10 years, you can apply for Spanish citizenship and passport.

     

    The procedure for obtaining a residence permit in Spain for financially independent persons

     

    FAQ
    How to receive a Spanish residence permit for financially independent persons (Non Lucrative Spanish Visa)?

    To obtain a residence permit in Spain for financially independent persons, you must confirm the availability of sufficient funds to live in Spain (from 2,316 € per month for the main applicant), have a residence in Spain owned or rented, health insurance, and a good reputation ( no convictions, deportations and other immigration violations).

    What documents are required when applying for a residence permit in Spain for financially independent persons?

    Documents required to obtain a residence permit in Spain for financially independent foreigners:

    • Proof of permanent income.
    • A document confirming ownership of real estate or a signed Real estate lease agreement for a period of 12 months.
    • Police clearance certificates for family members over 18 years old.
    • Health insurance for all family members.
    • Confirmation of the availability of funds in the bank.
    • NIE Number (Foreigner Identification Number) in Spain
    • Personal documents (passport, photographs, marriage certificate, birth).

    All documents must be translated into Spanish and legalized.

    Do I need to permanently reside in Spain with a residence permit under the category of Non Lucrative Spanish Visa?

    To maintain and extend the status of a Spanish resident, you need to reside in Spain for 6 months a year (183+ days).

    Does a residence permit for financially independent lead to obtaining Spanish citizenship?

    Yes, after 10 years of residence, you can apply for Spanish citizenship and passport.

    In Spain, it is prohibited to obtain a second citizenship (nationality) for those who obtain Spanish citizenship by naturalization. Therefore, you will have to renounce your first citizenship.

    What other EU countries have alternative programs for obtaining a residence permit for financially independent foreigners?

    There are programs for obtaining a residence permit without investment in the following EU countries: Austria, Portugal, Italy, Greece, France and Cyprus. Comparison of programs for obtaining a residence permit in the European Union»

    Why clients choose Feod Group

    Since 1992, Feod Group has been providing a wide range of legal, business and immigration services in Europe, the USA and other countries of the world.

    The company has accredited western lawyers, experts in various fields of law and jurisdictions of the world.

    Having offices in Europe and the USA, Feod Group provides rapid paperwork and maximum customer comfort.

    We provide our clients with related services, such as relocation and adaptation abroad, organizing family relocation abroad, enrollment of children in schools and many other services.

    Countries where we offer visa and immigration support:

    Our experts
    Elena Georghiou
    Founder and Managing Director
    Ukraine
    George Georghiou
    Managing Director
    United Kingdom
    Tetyana Lementarova
    Managing Partner
    Ukraine
    William Slattery
    Managing Рartner
    USA
    Chryso Christofidou
    Managing Director
    Cyprus
    Christopher Pelentrides
    Рartner
    United Kingdom
    Peter Petrou
    Partner
    United Kingdom
    Daniele Papone
    Partner
    Italy
    Jerome Da Ros
    Partner
    France
    Stefan Toffol
    Partner
    Switzerland
    Luhina Iryna
    Head of department
    Visas and Immigration
    Ukraine
    Rimma Dontsova
    Senior Adviser
    Visas and Immigration
    Ukraine
    Anastasia Taran
    Head of Corporate Services
    Ukraine
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