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Spain

Last updated on February 15th, 2022 at 03:24 pm

Spain

Wealth Visa

Spain offers a few options for immigrants to discover a new way of life there, either temporarily or permanently. One of them, the non-lucrative visa, offers temporary residency in a fashion similar to a rentier visa. Applicants must prove secure and stable income, which is why the option is popular with retirees. The non-lucrative visa does not allow any employment in Spain. After five years, non-lucrative visa holders can qualify for permanent residency. After 10 years, they can upgrade for citizenship. Nationals of Ibero-American countries often use this visa to qualify for Spanish citizenship after only one or two years.

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Learn more about the Spain Wealth Visa Program

Capital City

Madrid

Visa free countries

Schengen Area

Total area

505,990 km2

Languages

Spanish, Catalan, Basque, Galician

Currency

Euro

Population

47,450,795

Time Zone

UTC⁠±0 to +1

globalrcg-map-spain

Freedom of movement within the Schengen zone

Ranked #1 globally for ease of doing business

Ibero-American nationals gain citizenship after two years

Considered one of the best places for retirees given its affordable cost of living

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Download the Country Factsheet

Application Process

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Submit Your Application

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Visit Spain

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Get Approved

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Receive your residency permit

Spain Wealth Visa
Application Process

The Spain non-lucrative visa does not require an investment. Rather, you will need to demonstrate secure and stable income, and you are forbidden from having employment in Spain. This can be achieved by demonstrating pension income, a salary from abroad, bank deposits and other means. The minimum income amount slightly changes every year. For a single applicant, the minimum is EUR 2,151 a month. For each additional dependent, add EUR 538 a month.

Requirements

  • Other than the financial requirements, to qualify for a Spanish non-lucrative visa, you will need to produce:
  • A police clearance certificate issued by the authorities of all countries where you have resided in the last five years
  • A medical certificate for each of your family members accompanying you
  • Valid private or public health insurance covering your stay in Spain

Other requirements:

  • The Spanish non-lucrative visa is initially valid for two years. You can then renew it for five-year periods, but you will have to show that you have lived in Spain for at least six months every year to be eligible for the renewals.
  • Your spouse and minor children qualify as a dependent. Other relatives can be sponsored with financial assistance, but they need to file separate applications.
  • See all requirements in our factsheet
Week 1
Week 1
Initial due diligence and examination of client eligibility.
Week 1
Week 2
Week 2
Sign client agreement, complete government forms and provide supporting documentation.
Week 2
Week 4
Week 4
Travel to Spain and go to the immigration authorities to make an appointment.
Week 4
Week 6
Week 6
When your appointment is up, you will have an interview with an officer to give your documents and provide your biometric data.
Week 6
Week 10
Week 10
Pick up your resident permit and register your residence in your local municipality.
Week 10

Download Our Factsheet

Do you need more information about the Spain Wealth Visa program? Download the complete factsheet below:

Required & Non-Required Visa Countries

Taxation

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