AdminSpain is a popular destination for those looking to enjoy the culture, beautiful landscapes and excellent quality of life. Its non lucrative visa is a residence permit that allows residents to stay in the country for up to three years without engaging in any remunerated activities. This type of visa is ideal for retirees and other citizens who wish to reside in the country without engaging in any work-related activities. Those who hold this permit can also bring their family members with them. The non-lucrative visa can be renewed for a two-year period, and the holder can even apply for citizenship after this period.
How to apply for spain non lucrative visa
The process of applying for a residence permit in Spain can be lengthy and complicated. Many foreigners struggle to determine which visa is the best for them, while others find it difficult to understand how the process works. The good news is that there are specialists who can help with the application process, saving you time and money. They can assist you in the selection of a suitable visa and guide you through the entire process.
In order to qualify for a Spain non lucrative visa, you must be able to demonstrate that you have the financial means to live in the country. This includes a monthly income of over €2,000 and proof of assets. Additionally, you must be able to prove that you have health coverage and that you are not a risk to public health.
Once you have complied with the requirements, you can submit your non lucrative visa application at your nearest Spanish consulate. The consulate will review your documentation to ensure that it meets all the necessary standards. They will then schedule an interview with you, during which they will take your biometrics (fingerprints and facial image) and verify the accuracy of your documents.
After the interview, you will be granted your visa and be able to begin your new life in Spain. This visa is valid for one year and can be renewed. During this time, you can also bring your family with you to Spain, and once the initial year has elapsed, you can apply for a longer-term residency permit.
One important thing to note about the Spain non lucrative visa is that it makes you a resident of the country, meaning you will be required to pay income tax on any global income that you receive. However, you can avoid this by residing in Spain for more than 183 days each year. You may also be required to pay taxes if you invest or purchase property in the country.