✓ 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 2024 is € 600 per month or € 6 948,21 per year.
The main criteria for obtaining a residence permit in Spain for financially independent persons in 2024:
The name of the program
Non Lucrative Spanish Visa
Minimum monthly income*
from 2,316 € per month per main applicant
+from 580 € for each additional family member
Bank account
from € 27,800 per main applicant
Property in Spain
You 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 permit
Residence permit is issued for 1 year, then 2 times for 2 years,
in 5 years – permanent residence in Spain
Spanish citizenship
after 10 years of residence
Permanent residence
need to stay in Spain for 6 months a year (183+ days)
Features of the program
In 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.
OBTAIN PROFESSIONAL IMMIGRATION ADVICE
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
Consultation with a migration specialist on assessing the chances of obtaining a residence permit in Spain for financially independent foreigners (Non Lucrative Spanish Visa), signing an agreement.
Collecting the necessary documents, filling out questionnaires and forms, translation and legalization.
Obtaining an identification and tax number – NIE (Número de Identidat de Extranjero).
Opening a bank account in Spain.
Long-term rent or purchase of real estate in Spain
Submission of documents for a national Spanish visa category D at the Embassy in your country.
In case of a positive result, the applicant’s passport is granted displaying a Spanish resident visa type D, which gives the applicant the right to enter Spain and receive a resident card.
Departure to Spain and submission of a package of documents for a residence permit to the Police Department in Spain, submission of biometric data.
Obtaining a Spanish Resident Card (Spain ID-card).
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?
In 2004 Tetyana Lementarova graduated from the University of Nottingham Trent, London (UK) qualification of Bachelor of International Business (BA Hons) and in 2006 received an MBA from the European School of Economics Rome (Italy), Marketing Management specialisation. Has work experience in UK, Ita...
In 2004 Tetyana Lementarova graduated from the University of Nottingham Trent, London (UK) qualification of Bachelor of International Business (BA Hons) and in 2006 received an MBA from the European School of Economics Rome (Italy), Marketing Management specialisation. Has work experience in UK, Italian and Cypriot companies. 2005-2009 co-founder of an Italian company tour operator New Lands (Rome, Italy). Since 2001, Mrs. Lementarova works as representative of Feod Group abroad. Participates on behalf of the company in international seminars, trainings and conferences on education, immigration and property acquisition abroad. Tetyana Lementarova is an expert in the field of:
planning an academic career abroad;
organisation of new business abroad and purchase of ready business;
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.
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