How to Retire or Live in Spain Without Working: The Non Lucrative Visa
Both digital nomads and retirees enjoy travelling to Spain. The nation offers a pleasant temperature, stunning scenery, and a vibrant culture. But how on earth can you survive in Spain without a job?
Applying for a non-lucrative visa is one choice. As long as you can demonstrate that you have the financial resources to support yourself, this visa enables you to live in Spain without working.
What is the non lucrative visa Spain?
The unprofitable visa Foreigners with certain types of visas can live and work in Spain. You must fulfil the following requirements in order to be eligible for this visa:
You must be a non-citizen of the EU.
You must possess a current passport.
You must not have any criminal history.
You must be able to sustain yourself and any dependents financially.
Private health insurance that covers you in Spain is a must.
How Much Money Is Needed in Spain to Live?
Depending on your lifestyle, you will require a different amount of money to live in Spain. You must, however, demonstrate that you make at least €2,250 per month or have at least €26,000 in savings. Your living expenditures, such as rent, food, and transportation, can be met with this sum.
Spain Non Lucrative Visa Application Process
In order to apply for a non-lucrative visa to Spain, you must first compile the necessary paperwork. This comprises:
a finished visa application
a current passport
A current colour passport photograph
a criminal history report
a financial statement demonstrating that you make at least €2,250 per month or have at least €26,000 in savings
A Spanish health insurance plan that covers you
The Spanish embassy or consulate in your home nation is where you can apply for a non-lucrative visa to Spain. The processing of the visa normally takes 6 to 8 weeks.
You are permitted to stay in Spain for a year after being given a non-lucrative visa. After five years, you can apply for permanent residency and your visa can be extended for another year.
Spain’s Non Lucrative Visa Advantages
Living in Spain on a non-lucrative visa has numerous advantages. These consist of:
Spain’s year-round warmth makes it an excellent destination for travellers looking to escape the chilly winters in other parts of the world.
Spain has spectacular landscape, from the sandy beaches of the Costa Brava to the snow-capped peaks of the Pyrenees Mountains.
Spain has a lengthy history and a rich cultural heritage. You may take in everything, including bullfighting and flamenco dancing.
Spain has a very inexpensive cost of living, which makes it a fantastic choice for individuals on a tight budget.
The non-lucrative visa is an excellent choice if you want to retire or live in Spain without working. Spain is a wonderful destination to call home because of its pleasant climate, stunning scenery, and vibrant culture.
Here are some further suggestions for requesting a non-lucrative visa for Spain:
Obtain applications as soon as possible. Since the visa application procedure can take several weeks, it is crucial to get started as soon as possible.
Be prepared to show proof of your financial capability. While residing in Spain, you will need to demonstrate that you have the financial means to sustain yourself and any dependents.
Employ an immigration attorney. It is a good idea to employ an immigration lawyer to assist you with your application if you are unfamiliar with the Spanish immigration procedure.
I sincerely hope this information was useful. Please don’t hesitate to ask further questions if you have any.