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Non-Lucrative Visa for Spain Requirements

The non-lucrative visa for Spain is a popular choice for individuals who wish to reside in the country without engaging in work or business activities. Ideal for retirees, or those seeking a temporary lifestyle change, this visa allows for extended stays while enjoying Spain's rich culture, warm climate, and relaxed lifestyle. Here, we break down everything you need to know about the non-lucrative visa for Spain.

Duration

Typically, the non-lucrative visa for Spain is granted for an initial period of one year. After this period, holders may apply for renewal, often for an additional two years. Renewals can usually be sought multiple times, eventually leading to long-term residency eligibility in Spain.

Key Benefits

1. Long- Term Stay: Unlike tourist visas, the non-lucrative visa allows for longer stays, often up to a year, with the possibility of renewal.
2. Residency Perks: After five years of living in Spain with a Non-Lucrative visa, you can apply for permanent residency. This can be the path for citizenship.
3. Culture and Quality of Life: Provides an opportunity to immerse yourself in Spain's culture, language, and lifestyle.
4. Family Inclusion: Family members can also obtain NLV. Typically, the spouse or unmarried partner. Also in certain circumstances, dependent children and dependent relatives in the ascending line who form part of the family unit.
5. Freedom in the Schengen Area: Travel freely across 26 European countries.
6. Lower cost of living: Spain offers costs 123% lower than in the US and 114% lower than in the UK.

Key Requirements

To qualify for a non-lucrative visa for Spain, you generally need to meet the following criteria:

1. Financial Resources
2. Health Insurance
3. Clean Criminal Record
4. Medical Certificate
5. Valid Passport

Now, let's delve deeper into the requirements.

Financial Resources

Income Requirements: Spain requires an annual income of around €29,000 for a single applicant. Additionally, for dependents, an extra €8000 per year is required for the first dependent. Example: A family of 2 will need an income of €37K per year.

Proof of Income: Applicants must provide documents showing that they have sufficient financial resources to cover the expenses of living in Spain for the first year of the residence permit. Alternatively, they can demonstrate a regular source of income for themselves and any accompanying family members. You can substantiate your income through bank statements, pension funds, tax returns, or proof of investments.

If you are of working age, you must demonstrate that you receive a pension or present a termination letter from your employer confirming that you are no longer employed by the company. For self-employed individuals, an affidavit signed before a Notary is required, declaring your commitment not to engage in work while living in Spain. Additionally, you should include bank statements from the past three months and a copy of your most recent tax return

Comprehensive Health Insurance: Private health insurance, which covers a broad range of medical services, and has no co-payments. The insurance policy must be valid for 1 year and must cover all the beneficiaries of the visa for the risks insured by Spain's public health system. No travel insurances are accepted. 

Clean Criminal Record Certificate: Obtain this document from your country or countries of residence for the past 5 years.

Medical Certificate: Applicants are required to provide the original and a copy of a medical certificate issued within the past three months, confirming that they are free from any illnesses that could have serious implications for public health. Some Spanish consulates may provide a specific template or guidelines.

Valid Passport: Your passport should have multiple blank pages and sufficient validity of at least 1 year.

How to Apply for a Non-Lucrative Visa for Spain

1. Research Requirements: Confirm the specific requirements for your situation by consulting our team at MoveWise.net
2. Prepare Documentation: Gather all necessary documents, including financial proofs, health insurance, and background checks. Ensure translations and apostilles if needed.
3. Submit Your Application: File your application at the nearest Spanish consulate or embassy in your home country. The application cannot be submitted from within Spain. You are required to appear in person at the consular office to file your application.
4. Pay the Fees: Visa application fees vary by consulate and are non-refundable.
5. Wait for Approval: After your application is submitted, the consulate typically takes up to 90 days to process and provide a response. If no response is received within this timeframe, the application is considered rejected.

Average Timeline

The application process for a non-lucrative visa for Spain can take anywhere from 3-4 to months, depending on the consulate and the completeness of your application. It’s advisable to start the process well in advance of your planned move date.

How MoveWise Can Assist You

Applying for a DNV can feel overwhelming, but MoveWise is here to simplify the process. Our mission is to make your application journey smooth and stress-free with a range of expert services:

• Tailored Support: We adapt our services to fit your unique situation, ensuring a hassle-free experience.
• Optimized Scheduling: We streamline your application timeline to ensure everything progresses on schedule.
• End-to-End Support: From preparing documents to final submission, we take care of every detail of your application.
• Tax Guidance: Our specialists provide clarity on the tax obligations and options associated with your DNV.
• Thorough Documentation: We ensure every document is correctly prepared and meets all official requirements.
• 100% money back guarantee: If your application is not approved, we offer a full money-back guarantee as a testament to our commitment.

The non-lucrative visa for Spain offers a fantastic opportunity to live abroad without the need for employment, granting you the freedom to explore and enjoy the country’s vibrant culture and relaxed lifestyle. 

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While the requirements for obtaining a Non- Lucrative visa for Spain are straightforward, preparing the necessary documents and navigating the application process can be challenging. Mistakes or incomplete paperwork could put your application at risk. If you have any doubts or questions about the Non- Lucrative Visa process, BOOK TODAY a 100% Free Consultation. We’re here to help you every step of the way.