Spain Non-Lucrative Visa

Spain Non-Lucrative Visa

 

A Spain Non-lucrative Visa (Visado de Residencia No Lucrativa) is a long-term residency permit introduced by the government to boost the Spanish economy.

It’s also known as a Non-profit Visa in Spain as it is designed for non-EU citizens with sufficient funds who want to retire or live in Spain without seeking a work permit or conducting business activities.

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Time to residency

4-6 months

Visa-free travel

190 countries and regions

Passport rank

2nd in the world

Residency requirement

No residency requirement

Taxation

19%-45% in general

Established time

Program launched in 2013

Application Requirements

 

  1. Over 18 years old.

  2. Proficient funds to support the living in Spain, and any dependents to live in Spain without working.

  3. A clean criminal record.

  4. Adequate health insurance.

  5. Be free of any illnesses listed under the World Health Organization (WHO) International Health Regulations 2005.

 

Program Benefits

1. Travel Through Europe

One of the biggest benefits is that you’ll be able to travel through the Schengen Area with total freedom.

2. Get Long Term Residency And Citizenship

After 5 years, you can apply for a long-term residency permit, provided that you meet the minimum stay requirements. Once you have your residence permit, you can start the path towards citizenship.

3. No Investments

The major requirement you need to meet is that you have the proficient funds to support yourself and dependents (if any) for the duration of stay in Spain.

4. Study

You’ll be able to enroll in any recognized educational institution of your choice. This is the same for your children and your spouse.