Spain Non-Lucrative Visa
Spain ESP
Last verified 2024-09-01Official source
Spain's Non-Lucrative Visa permits non-EU nationals with sufficient passive income or savings to reside in Spain without working locally. It is popular among retirees and those living off investments, and leads to permanent residency after five years of continuous legal residence.
Program Details
- Category
- Passive Income
- Processing Time
- 3 months
- Application Fee
- $160
- Minimum Income
- $2,800/yr
- Minimum Investment
- N/A
- Family Included
- Additional €600/month per dependent family member
- Path to PR
- Yes — 5 years
- Path to Citizenship
- Yes — 10 years
- Physical Presence
- Must spend at least 183 days per year in Spain to maintain residency and advance toward permanent residency
- Dual Citizenship
- Not allowed
- Tax Impact
- Spending 183+ days in Spain triggers Spanish tax residency; foreign income may be taxed. The Beckham Law may provide a 24% flat tax rate for qualifying newly arrived residents for up to 6 years.
- Renewal Cost
- $200
Approximately €2,400/month (400% of Spain's IPREM index, currently ~€600/month). Each additional family member adds ~€600/month. Income must be passive; working in Spain is prohibited.
Key Requirements
- ✓Proof of income of at least €2,400/month from passive sources (pensions, dividends, rental income)
- ✓Or savings equivalent to approximately €28,800 in a bank account
- ✓Private health insurance valid in Spain with no co-pays
- ✓Criminal background check from all countries lived in the past 5 years
- ✓Proof of accommodation in Spain
- ✓Medical certificate
Nationality Restrictions
This program restricts applications from nationals of: EU/EEA and Swiss nationals do not require this visa
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