The Spanish Non-Lucrative Visa

Spanish Non-Lucrative Visa is for you if:

  • You plan to retire to Spain
  • You would like to spend a year in Spain to obtain a work permit the following year
  • You want to ensure you are in the best location before investing in property and applying for the Golden Visa
for those about to retire

The Spanish Non-Lucrative Visa is an excellent option for individuals who wish to stay in Spain for an extended period without engaging in any work.

This visa is ideal for retirees or individuals who have sufficient income or savings to support themselves financially during their stay.

To qualify for the Non-Lucrative Visa, you must meet certain requirements such as having a clean criminal record, valid health insurance, and proof of sufficient financial means. The visa allows you to reside in Spain for up to one year and can be renewed for upto five years. You are not permitted to work while on this visa.

The Spanish Non-Lucrative Visa can be applied for by any third-country national who wishes to reside in Spain, without engaging in any work or professional activity.

This visa does not apply to EU citizens or to nationals of countries to whom EU law applies.

This visa does allow you to:

  • Reside in Spain for one year: The visa is then renewable for a further 2 years and a further 2 years after that. After five years, there exists the option to apply for permanent residency and eventually Spanish citizenship.
  • Alternatively: After 12 months, you can apply for another kind of visa such as a work visa or the Spanish Golden Visa.
  • Bring your family with you: Unlike other visas that require you to have already lived in Spain for a specific period, provided you can demonstrate sufficient funds (as shown above) this visa enables your spouse and children to reside in Spain with you.
  • Invest in funds to generate an income.

This visa does not allow you to:

  • Carry out any type of economic or professional activity in Spain.
  • Work in Spain for a Spanish company or open a branch of your own business in Spain. You cannot work for companies that are located outside of Spanish territory ie. travel between Spain and another country to carry out your work.

Eligibility Criteria and Requirements

Personal Requirements

To apply for the Non-Lucrative Visa, you must meet the following personal requirements:

  • You must possess a valid passport and any required entry visas.
  • You must have a clean criminal record in your home country and any other countries where you have resided for the last five years.
  • You must not have any serious entry ban in Spain or other Schengen countries.
  • You will need to have valid health insurance.
  • You must be able to demonstrate proof of sufficient funds to cover your living expenses for the period of your stay in Spain (as shown below).

NOTE:  this is just a brief overview of the Eligibility Criteria and Requirements for the Spanish Non Lucrative Visa. It is crucial to consult with a professional and knowledgeable immigration expert to ensure a successful application and for more detailed information on the process.

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Financial Requirements

The main applicant must demonstrate that they have an income/savings equal to or more than 400% of the current year's IPREM. For each dependent, a further 100% of the current year's IPREM is required. See the example below...

*For an individual:

  • Financial means required per month: 2.400€
  • The annual amount for the first year: 28.800€
  • And then for the 2-year renovation: 57.600€

*For a family of four:

  • Financial means required per month:
    2.400€+600€+600€+600€
    = 4.200€
  • The annual amount for the first year: 50.400€
  • And then for the 2-year renovation: 100.800€

*(based on 2023 figures, this is the minimum amount required. It is always advisable to demonstrate more income when possible)

For How Long Is the Non-Lucrative Visa Residence Permit Granted?

The initial visa is valid for one year. The visa can then be renewed twice for a further two years each time. After a successful five years of this visa, you have the option to apply for permanent residency in Spain.

Non-Lucrative Visa and Taxes

As a non-lucrative visa holder, you are obliged to be a tax resident in Spain.

NOTE: Ensure you seek advise on your own personal tax situation from a qualified expert!

Spanish Non-Lucrative Visa Pros & Cons

Great!
  1. Extended Stay: The Non-Lucrative Visa allows you to stay in Spain for one year, with the possibility of straightforward renewal for up to five years.
  2. The application procedure is pretty straightforward.
  3. The requirements for a successful application are clear. Unlike some other visas, you can be confident of a successful application, provided you fulfill the requirements.
  4. Family Accompaniment: You can bring your direct, dependent family members with you under this visa, enabling them to enjoy the Spanish experience as well.
oh dear!
  1. Financial Requirements: You must demonstrate sufficient financial means to support yourself during your stay, which may be a challenge for some individuals.
  2. No Work Allowed: The Non-Lucrative Visa does not permit any work activities, so you cannot engage in employment or business activities in Spain.
  3. Renewal Process: Renewing the visa annually requires providing updated financial documentation and other necessary paperwork.
  4. You are obliged to register as a tax resident in Spain with the NLV.

Read more about the Spanish Non Lucrative Visa...

If you are planning to move to Spain post-Brexit and do not wish to invest 500.000€  in Spanish property in order to gain residency, applying for the Spanish Non-Lucrative Visa may be your best option. In this article, we will cover:

  • Who is the Spanish Non-Lucrative Visa for?
  • How Do You Apply for the Spanish Non-Lucrative Visa?
  • How Long Does the Application Process Take?
  • What Documents are Required to Apply for the Spanish Non-Lucrative Visa?
  • How Do You Apply for the Spanish Non-Lucrative Visa for Family Members?

Applying for the non lucrative visa Spain may be your best option if you are planning on moving to Spain as a non-European passport holder. This now sadly also includes British residents. It is a fairly simple procedure. Especially if you are organised and ensure you meet all of the requirements.

In this article, based on my research, I will share my top tips for a successful NLV application in the United Kingdom

In this article, we will show you how to renew your non-lucrative visa in Spain and the documents you require.

You should submit your renewal application either during the 60 calendar days before the expiration date of your NLV or 90 days after the expiry date. Submission of the application within the term extends the validity of the previous authorization until the resolution of the procedure.

In today’s video, Javier and I talk about the most popular visas for moving to Spain as a non-EU Citizen.

These are the Spanish Golden Visa and the Non-Lucrative Visa.