Non-Lucrative Residence Permit
- A minimum of $75,000 USD is required.
- An extra $15,000 USD per additional applicant, in the event the spouse and/or children under 18 years old are included in the application
- A minimum of $75,000 USD per year is required.
- An extra $15,000 USD per year per additional applicant, in the event the spouse and/or children under 18 years old are included in the application
This income must no be related to any professional activity performed in Spain. If this income comes from Spanish companies in which the applicant is listed as a shareholder, a company certificate must be provided which states that the applicant does not perform any work for the company.
The Spanish immigration authorities will require from the applicant proof that he has a dwelling in Spain. It is necessary that this property is located in the province in which the application is being submitted, and that this dwelling is of at least similar quality as the average of properties in the area.
Options available for this are either that the applicant purchases a Spanish property, or that he/she rents one.
The key for a successful application is that the applicant has some type of investment in Spain, for example, that he owns a property. Although this is not a requirement, it is highly advisable that the applicant purchases a property in Spain. A private purchase contract, or the deeds for the property with a certificate showing that the property is free from debts is required.
Another option is that the applicant rents a property in Spain. A rental agreement needs to be signed.
A NIE number is not required throughout the application, as it will be issued upon residence permit approval. However, the NIE will be requested if you open a bank account in Spain.