Non-Lucrative Visa In Spain

Start the visa ap­plic­a­tion first if you are re­tir­ing in Spain; only then start look­ing for your dream home in the sun. The non-luc­rat­ive visa in Spain is the “Brexit-beat­ing” clause presen­ted to us by the Span­ish Gov­ern­ment.

Brit­ish people, in par­tic­u­lar, want to move to Spain; that has not changed. What has changed is the law here re­gard­ing the amount of time non-Europeans, like the Brit­ish, can spend in Spain.

It is caus­ing a load of hurt and dis­tress for ex-pats in Spain. Es­pe­cially those who start house hunt­ing be­fore get­ting the visa.

A bigger problem is that clients are dealing with estate agents who are not explaining to them in detail what they need to do in order to move to Spain.

Do I need a VISA before buying in Spain?
We are en­cour­aging people buy­ing prop­erty in Spain, post-Brexit, to think about the non-luc­rat­ive visa in Spain. This is the best op­tion for them. You need to de­cide be­fore you even start view­ing prop­er­ties in Spain. Not all es­tate agents fully un­der­stand the pro­cess. But this must be star­ted in your home coun­try be­fore you come to Spain. Any­one telling you any dif­fer­ent simply does not un­der­stand how to buy a re­tire­ment prop­erty in Spain.

If you ap­ply suc­cess­fully for an NLV in Spain you must be a res­id­ent in Spain. In fact, the res­id­ence re­quires you to stay a min­imum of 183 days a year in the coun­try.

Next, you need some fin­an­cial met­rics; The main ap­plic­ant ef­fect­ively needs 2,259 euros or 400% of the IPREM. Sub­sequent fam­ily mem­bers re­quire 100% of the IPREM, which in 2021 amounts to 564,90 euro. We’ll ex­plain more be­low, but it ba­sic­ally means you need around 27,000 euros in your bank ac­count.