Spain is a popular destination for people who want to live and work abroad. Its diverse culture, beautiful landscapes and excellent quality of life attract many foreigners. However, the process of obtaining a residence permit in Spain can be complex and time-consuming. It is therefore important to understand the different visa options available. In this article, we will explore the spain non lucrative visa and provide you with all the information you need to make the right decision for your circumstances.
The non-lucrative visa is one of the most popular options for people who want to reside in Spain without working. It is ideal for retirees and those who have enough financial resources to support themselves in the country. It also allows family members to join the visa holder in Spain. In addition, the visa holder is able to travel in and out of the Schengen area as they wish.
To qualify for the non-lucrative visa, applicants must meet certain criteria. For example, they must have enough money to support themselves in Spain and must be able to prove that they do not need to work. Those who plan to apply should start compiling the necessary documents well in advance of their application. This includes proof of income and other personal details. Applicants should also have private health insurance in case they need to visit a doctor while living in Spain.
In order to obtain the visa, a person must attend an interview at the Spanish consulate or embassy in their country of origin. They will have to give biometrics, including fingerprints and a facial image, as well as pay the visa fee. This can be done in cash, a certified check or a money order. Applicants should also bring supporting documentation, such as bank statements showing that they have sufficient funds to live on in Spain.
If an applicant is successful in obtaining the non-lucrative visa, they will receive a residence card (TIE) that is valid for one year. Upon expiry, they will need to renew their visa by submitting additional documentation to the consulate. The renewal will allow them to remain in Spain for two years.
Those who apply for a non-lucrative visa should be aware that they will be required to pay taxes in Spain, just as locals do. This will include paying income tax on all their worldwide income, as well as capital gains tax on any investments they make in the country. In addition, the visa holder will be expected to spend at least 180 days in Spain each year.
Applicants should be advised that once they have held the non-lucrative visa for one year, they may choose to apply for citizenship in Spain. This is particularly true for those from countries like the UK, which do not prohibit dual citizenship. There are several other benefits to obtaining Spanish citizenship, such as access to healthcare and education for their children. Moreover, those who have been in the country for 10 years can even apply for a permanent residency visa.