Requirements

• Purpose:
  The Non-Lucrative Visa is designed for individuals who wish to reside in Spain without engaging in any work or professional activities. It is ideal for retirees, and individuals with sufficient financial means to support themselves.
• Financial Requirements:
  Applicants must demonstrate that they have stable and sufficient financial resources to support themselves and their dependants while living in Spain. This typically involves showing proof of regular income or savings equivalent to a certain amount, often around €25,560 per year for the main applicant and an additional €6,390 for each dependent.
• Health Insurance:
  Applicants are required to obtain private health insurance coverage that provides full coverage in Spain. The insurance must be valid for the entire duration of their stay and must not have any co-payments that exceed €30.
• Background Check:
  Applicants must provide a clean criminal record certificate from their country of origin or from any country where they have resided in the past five years.
• No Employment:
  Holders of the Non-Lucrative Visa are not permitted to engage in any professional or work-related activities in Spain. However, they are allowed to own property, receive dividends from investments, or engage in volunteer work or educational pursuits that do not generate income.
• Renewal:
  The initial Non-Lucrative Visa is typically granted for one year, after which it can be renewed for two-year periods as long as the applicant continues to meet the financial and other requirements.
• Family Members:
  The Non-Lucrative Visa extends to immediate family members, including spouses and dependent children. Each family member must apply separately but can benefit from the same financial resources as the main applicant.
• Language Proficiency:
  While not a formal requirement, applicants may be asked to demonstrate basic proficiency in Spanish during the visa application process.
• Tax Obligations:
  Holders of the Non-Lucrative Visa are considered tax residents of Spain and are subject to Spanish tax laws. They must declare any worldwide income to the Spanish tax authorities and fulfill their tax obligations accordingly.
• Benefits:
  The Non-Lucrative Visa allows holders to reside in Spain legally for an extended period without the need to work. It provides access to Spain’s healthcare and education systems and allows for visa-free travel within the Schengen Area.
• Legal Assistance: 
  Many investors choose to work with immigration lawyers or specialized agencies to navigate the application process and ensure compliance with all legal requirements. We are here to help.