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Spain has been a favorite European destination for many years, thanks to the wonderful climate, Mediterranean culture, rich lifestyle, and numerous opportunities.
Spain offers other residence permits despite the Golden Visa being abolished.
There are many ways to obtain residency in Spain, whether you’re a retiree or a remote worker.
There are different types of residence permit in SpainEach with their own criteria, rights and purposes.
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Non-lucrative Residence Permit (Spanish)
Non-lucrative visas are one of the most popular types of residence permits. In Spain it is sometimes considered as an alternative for Golden Visa.
The official name of the genus is Visado de Residencia No Lucrativa This is a great option for real estate investors.
This visa is designed for expats that want to stay in Spain for a longer period without engaging in work or business.
The program is for those who are financially independent, either through passive income, savings, investments, pensions or other sources of passive income.
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This visa is perfect for those who want to retire in Spain. Non-Lucrative Visas also suit property owners, self-sufficient expats that do not require employment to sustain themselves and foreigners who wish to stay in Spain without working for a long period of time.
Non-Lucrative Visas are considered long-term residence permits, and can be renewed twice.
The Schengen Area is open to all visa holders. Non-lucrative Visa Holders can include their children, spouses, and dependent relatives.
This is one of the best ways to get a permanent residence in Spain.
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NLV requires that expats have sufficient funds to sustain themselves during the period they plan to reside in Spain.
The amount required is based on the Public Income Index of Spain (IPREM), a measure for economic standings.
To apply for a nonlucrative visa, expats in Spain need to show that they have financial means equivalent to at least 400% IPREM’s current value.
Digital Nomad Visa (Spanish)
Digital Nomad Visas are one of the new types of residence permits introduced in Spain. The Digital Nomad Visa is also known as Visado de Teletrabajo de carácter internacional Spain
This visa is ideal for those who work as freelancers or for employers outside of Spain.
The Digital Nomad Residence Permit is a permit that allows remote workers, freelancers and non-EU citizens to work for foreign companies while living in Spain.
Spain’s Digital Nomad Visa offers a path to living in one of Europe’s most attractive countries. It also gives you access to Spain’s excellent healthcare system, work/life balance and rich cultural experiences.
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In order to be eligible for a residence permit, you must have proof that you are working remotely or doing freelance work for clients who live outside of Spain.
For the visa, you must have at least 1 year’s experience in remote employment. Spanish clients can provide up to 20% the applicant’s total income.
The applicant also must state sufficient funds possession of at least €25,000 for the applicant. The minimum amount will vary depending on how many family members are accompanying the applicant.
The Digital Nomad Visa allows expats in Spain to work and live legally in Spain for up to 5 years.
The Beckham Law in Spain allows visa holders to enjoy lower tax rates for the first four-year period.
They also have the right to apply permanently for residency in Spain after five years of living there with a visa for digital nomads.
Spanish Conditional Residence Permits
Each applicant must satisfy certain criteria Requirements for Spanish residence permits It is important to determine the purpose of their residency.
The most common are the residence permits for work, students and family reunification.
In Spain, “Residencia y Trabajo”, or residence and work permit, is the name of this document.
This is for foreigners who are planning to live and work in Spain.
Different types of work permits exist depending on the nature and type of employment. They are different for employees as well as business owners.
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For a resident permit that allows you to live and work in Spain, applicants must hold a contract or job offer in Spain.
The applicant must keep their employment status throughout their stay. If employment ends, the permit could be revoked.
The student residence permit is available to foreign nationals who enroll in Spanish educational establishments. Permiso de Residencia para Estudiantes Spain
This permit can only be obtained if the student is enrolled in a Spanish university and continues their studies there.
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The permit may be revoked if the enrolment or course is cancelled. Students who continue their studies in another institution or pursue higher education can renew their residence permit.
Permits for family reunion are available for Spanish citizens and residents. The family member must live with the primary Spanish resident.
The conditional permit can be revoked if the primary occupant loses their legal status.
How do I get a residency in Spain?
The application for residency in Spain is simple, but well-structured. The process can be easily completed with the help of a professional.
The first step is to gather the necessary documents and apply for the visa.
Additional steps will be required, including registering your home address and applying to receive a residence card. The application process is broken down into five steps.
- Selecting the right type of residence and learning about the requirements
- Analysing the current state of your compliance with the conditions
- Gathering documents
- Submission of the application
- Get your residency card in 1-3 months
Three Things You Should Consider Before Getting A Residence Permit In Spain
– Determine the type of residence permit you should apply for. Each residence permit is tailored to a specific purpose and has certain requirements. For approval, you need to meet all requirements.
– Property ownership in Spain always benefits the permit applicant.
Consider the following: Buy property in Spain To strengthen your residency case, you can combine your Spanish property with other compatible visas (e.g. non-lucrative, digital nomad, etc.)
– Make sure to work with an experienced team of professionals to finalize the application process, just to make sure every step is followed by the book.
Are you ready to embark on your journey? Explore properties in Spain or consult the expert team of Spain Homes ® to find the best pathway for your residency goals.
With years of experience, Spain Homes has helped hundreds of people settle in Spain.
Find out more by visiting their offices in Malaga, Benalmadena and Alicante.
MÁLAGA, BENALMÁDENA
Address: C/El Montículo 8, 29631, Benalmádena, Málaga
Telephone: +34 951 23 59 59
ALICANTE, ORIHUELA COASTA
Address: Carretera de Villamartín 12, Urbanización La Zenia II, Casa 22, 03189 Orihuela Costa, Alicante
