This visa can be requested by third-country nationals who wish to reside in Spain without engaging in any work or professional activity. It does not apply to EU citizens or to nationals of countries to whom EU law applies, for being beneficiaries of the rights of free movement and residence. NEED FOR RESIDENCY PERMIT IN THE UK It is an essential requirement to be in possession of a valid UK residence permit, and apply for a visa before moving to Spain, or to have the British nationality. You must not be irregularly in the Spanish territory or within the period of no return to Spain that the foreigner has assumed when voluntarily returned to their country of origin.

 What is the

Non-Lucrative Visa?

Spain’s Non-Lucrative Residence Visa is an option for people who would like to retire in the country as well as those non-EU citizens who would like to live in the country but work remotely from Spain. It can also be an option for those who would like to spend a year in Spain without working before obtaining a work permit. As the name implies it is about non-EU citizens who have the financial means to support themselves in the country without working and any accompanying family.

The visa allows you to say in Spain for one year after entering the Spanish territory. You must spend a minimum of 183 days in the country to be able to renew. This also means that you will become tax resident and taxable on your worldwide income (subject to double tax treaties).

The visa can be renewed every 2 years until you get permanent residency, which is available after 5 years in the country.

Although the visa does not allow you to carry out any type of economic or professional activity in Spain, it does not require you to invest in the country to obtain a visa. You simply have to show that you have sufficient means to support yourself (and your family).  That does not mean that you cannot invest in Spain while there with this visa. You are free to invest in any business and generate additional income.

Although you are not able to earn in Spain while staying under this visa, you can study and this includes a paid internship.

The restriction is not to work in Spain and many people apply for this visa and continue to work remotely for a company in another country. The visa does not address remote work and this arrangement is generally accepted.

However, in some cases applicants have been refused when indicating that they plan to work remotely and so although this can be a good option who want to spend time in Spain but continue working remotely it should be handled carefully when explaining the source of funds you will rely on.

The Non-Lucrative Visa entitles you to travel freely within the Schengen zone.

Requirements for a

Non-Lucrative Visa

The following requirements must be met in order to be eligible for the visa:

• Demonstrating you have sufficient funds
  In the case of the non-lucrative visa, you must prove that you have 400% of the IPREM annually in your bank account. The Public Indicator of Multiple Effects Income which is the benchmark in Spain for the  allocation of aid and subsidies.  In 2021 this means that the main applicant for this visa must demonstrate he or she has at least more tan 28.000.-Euros This is, however, the minimum and a higher amount may be required. For each dependent travelling with you will require that you have an additional amount equal to the IPREM . You will be required to provide a bank certificate or bank statements from the last six months.  The funds may be in multiple accounts.

• Private health insurance
  Applicants must have a private health insurance policy with full coverage in Spain with no copayments provided by a Spanish insurance company for at least one year.

Application process

The application process is divided into two parts:

The initial visa application and then obtaining the residence card once you enter Spain.

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