Non-lucrative Visa Spain

 

retirement-non-lucrative-visa-spain

If you consider that you have financial means to live in another country, you could choose Spain to retire or live for a long period for our country offers a lot of benefits for those foreigners wishing to meet another culture and place.

Spain is considered a very popular spot for tourists and travelers, due to its wonderful climate, services and culture. Madrid and Barcelona offer the common environment of big and cosmopolitan cities with its museums, theaters, parks, shopping malls and modern constructions, in combination with old and full of history buildings. On the other hand, small private places such as Ibiza, Mallorca, Alicante or Marbella offer a very warm weather throughout the entire year and a very relaxed and multicultural type of lifestyle which is very appealing for foreigners looking for a new beginning or a place to retire now that working times have come to an end.

When taking the decision to move to another country, it is important to count with the guidance and help of an immigration solicitor who can explain you the process to apply for a visa and the legal regulations existing in our country. If you wish to apply for a non-lucrative visa or wealth visa, the key element is to prove that you, the main applicant, have financial means to cover your expenses while staying in our country, this including the possibility of renting or buying a property. Those economical funds shall represent a periodical source of income for the intended duration of stay. The amount set for 2014 is around two thousand euros approximately per month.

When applying for this visa for you and your family members, you must remember that the said amount to prove financial means shall be higher. In this case, it should cover your family members’ expenses as well which includes an adequate place to live and school enrollment for minors if applicable.

Such funds become absolutely relevant for this type of visa doesn’t allow the holder to work or develop any professional or lucrative activity. The Spanish Authorities shall consider valid for this purpose any of the following documents:

  • Bank statement stating that such money comes from a trust fund.

  • Bank statement stating that such amount comes from annuities.

  • Bank statement stating that such sum comes from social security payments.

  • Bank statement stating that you receive regular income as a result of an investment in shares.

In order to apply for this type of visa, in addition to the aforementioned document, you shall submit other requirements such as:

  • Copy of the applicants’ passport.

  • Copy of the birth certificate.

  • Copy of the marriage certificate if applicable.

  • A medical certificate.

  • Health insurance.

Most of these documents must be translated into Spanish by a dully certified interpreter. Also, they shall be legalized with the Hague Apostille so they can be considered valid. All your documentation must be submitted in the closest Spanish diplomatic mission to your domicile. Sometimes a prior appointment is required. The Spanish authorities may fulfill an interview. The response from the Spanish authorities may take between 1 or 3 months. In case of refusal, you will have around one month to appeal such decision. Sometimes, just by submitting the adequate documentation or new documentation, you can amend the refusal.

Our attorneys will review and verify every document so they are fully compliant with the law, thus avoiding delays or problems during the application. Contact us soon and learn about our services and fees.