Residence in Spain without the right to work (Residencia temporal no lucrativa)
This is one of the easiest ways to obtain residency in Spain. This option is ideal for those who have income outside Spain and a home in Spain. The home can be your own or rented. Read more below.
– Can I get residency without the right to work?
This type of residence permit is available to non-EU citizens. Broadway Consulting will assist you in preparing a package of all the necessary documents
– How do I verify my income?”
You need to prove any income outside of Spain. This can be done through job references, declarations, rental agreements for your property, income from company shares and shares in companies and so on.
You will need to prove any income from outside Spain.
– How much money should I have in my Spanish account?
The amount of money to live on in Spain is calculated as follows: at least 400% IPREM for the head of the family and 100% IPREM for each family member
IPREM is the Spanish equivalent of the minimum wage and is currently €537.84 per month. That is, the minimum amount that should be in the account for a family of 4 would be: €537.84 × 700% × 12 months = €45,178.56.
Of course, it is always better to have a little more money than “in a pinch”, and also after receiving a residence permit, this amount is not necessary to keep in the account.
Broadway Consulting will help you open a bank account in Spain and request the documents required for a residence permit without the right to work.
– Do you have to own your own home in Spain?”
To obtain this residence, you must prove that you have somewhere to live in Spain. The accommodation can be yours, either a owned apartment or a rental for one year or more.
Broadway Consulting can help you find and own a home in Spain. We can also help with finding a home or arranging a rental contract.
– What kind of health insurance do I need?
All residence permit applicants are required to have health insurance. It must cover all areas, including dental and repatriation. Broadway Consulting can help you get health insurance that you can actually use, not just pay for a piece of paper.
– How do I get the right to work in Spain?”
Despite the fact that this residence permit is called “without the right to work”, after the first renewal (after 1 year), you have the right to apply to change your residence permit and get the right to work on a contract or in your business.
What next? How to extend residence permit and get citizenship?
1st year – primary residence permit without the right to work, is issued at the Spanish Consulate;
+ 2 years – validity of the residence permit without the right to work after the first extension in Spain;
+ 2 years – validity of the residence permit without the right to work after the second extension in Spain;
+ 5 years – validity of long-term residence, can be obtained after 5 years of residence in Spain;
Total 10 years of legal residence in Spain. After that you will be eligible to apply for Spanish citizenship.
Moving to another country is a serious step, often there are problems, unnecessary expenses, loss of time, etc. If you contact us at Broadway Broadway Consulting, you get:
We help our clients to move quickly, without unnecessary expenditure of money and nerves!”