Non-Lucrative Residence Permit

Requirements

Pre-existing Capital

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

Income

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.

Property

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.

Purchase

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.
Rental

Another option is that the applicant rents a property in Spain. A rental agreement needs to be signed.

NIE Number

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.

Thanks to Lawbird we recovered our money from the sale of our apartment in Spain. We sold our apartment in May 2008. We were told by the lawyer representing us during the sale that it would normally take 2-3 months to receive our money. This is rubbish and beware of any Spanish lawyers that sell you this line or jargon.

In January 2009 with still no money from the sale of our property and countless emails and phone calls later we decided to take further action. Thankfully Lawbird were nothing short of excellent in conducting a criminal procedure against our previous lawyer recovering our money in full in less than 4 months.

My advice is to stay clear of A. A. and let Lawbird take the stress and strain out of any Spanish law formality. Thanks Lawbird and keep up the outstanding work for your clients. .

Gareth Gill and Alexander Milligan

In 2009 Raymundo Nesbitt handled a property conveyance for me. He was professional, knowledgeable, helpful and available at all times and in all aspects of the conveyance. At one point a question mark over an outstanding action by the community of owners against the property developer arose. Raymundo's advice in respect of the issue blended both legal and practical advice and was valuable in making a risk assessment on the purchase..

Tim Gibson - Director - Quidco
www.quidco.com

Having had very poor advice during our purchase and finding ourselves in real difficulty Raymundo Nesbitt of Lawbird was recommended to us. We were immediately impressed with his understanding of our legal position and his excellent command of English which meant that he was able to explain to us clearly what his recommendations were. He also translated documents and deeds for us giving us a clear understanding of what we were signing. Raymundo helped us make some tough decisions in the confident knowledge that we could trust his legal knowledge and advise and that he was acting in our best interests..

Shona & Hans Brown