The Ultimate Guide to Spain’s Wealth Visa: 2023 Edition
Live in Spain With a Wealth Visa
Are you dreaming of moving to Spain? If so, you've probably heard about the non-lucrative residence visa. This visa allows non-EU citizens to live in Spain long term without working.
In this guide, we'll answer all your questions about the wealth visa, which is also as known as a non-lucrative visa, including:
What is a non-lucrative visa?
Who is eligible for a non-lucrative visa?
What are the requirements for a non-lucrative visa?
How do I apply for a non-lucrative visa?
How long does it take to get a non-lucrative visa?
So if you're ready to make your dream of living in Spain a reality, keep reading!
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Here's how the Non-Lucrative Visa works.
The Spain Non-Lucrative Visa (NLV) is a visa that allows you to live in Spain without working. All you need is enough money to support yourself and your family.
The minimum monthly income requirement for the NLV is €2,316.08 (or €27,792.96 annually). This amount is enough to cover your living expenses, such as rent, food, transportation, and healthcare.
To apply for the NLV, you will need to provide proof of your financial resources, such as bank statements, pension statements, or investment certificates. You will also need to show that you have a clean criminal record.
The NLV is valid for one year, but you can renew it for up to two more years. After that, you may be able to apply for a permanent residency visa.
The NLV is a great option for retirees, digital nomads, and anyone else who wants to live in Spain without working. It's a relatively easy visa to get, and it gives you the freedom to enjoy all that Spain has to offer.
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Here are some additional things to keep in mind about the Spain Non-Lucrative Visa:
You must have a valid passport and travel insurance.
You must meet the health requirements for Spain.
You must apply for the visa at the Spanish embassy or consulate in your home country.
The processing time for the visa can take several months.
If you are interested in applying for the Spain Non-Lucrative Visa, I recommend that you start by doing your research. There are many resources available online and at the Spanish embassy or consulate. You can also speak to a visa lawyer or immigration consultant for more information.
How much money do you need for a NLV?
To get a Spain Non-Lucrative Visa, you need to show that you have enough money to support yourself and your family in Spain. The minimum monthly income requirement is €2,316.08 (or €27,792.96 annually).
If you are bringing family members with you, you will need to add an extra €579 per month per person. So, for example, if you are bringing your spouse and two children, you would need to show a minimum monthly income of €3,475.08 (or €41,743.92 annually).
The money can be from any source, such as a salary, pension, investments, or savings. You will need to provide proof of your income, such as bank statements, payslips, or investment statements.
You can also show that you have enough money by proving that you own property in Spain or that you have a sponsor who will support you financially.
The financial requirements for the Spain Non-Lucrative Visa are relatively straightforward. However, it is important to make sure that you meet all of the requirements before you apply for the visa.
Applying for a Spanish Non-Lucrative Visa
How to Apply for a Non-Lucrative Visa for Spain
Congratulations on deciding to apply for a non-lucrative visa for Spain! This is a great way to live and enjoy the Spanish lifestyle without having to work.
The first step is to gather all of the required documentation. Here’s what you’ll need:
A passport photo and current copy of your passport
Bank statements or other proof of financial means
Confirmation of public or private health insurance
A certificate of clear background check
The national visa application form
The non-lucrative residence visa application form
A medical certificate stating that you have no major health issues
The appropriate visa application fee
Once you have gathered all of the required documentation, you can submit it in person to the Spanish Consular Office in your region.
The application process can take several weeks, so it’s important to start early. Be sure to check with the Consular Office for specific requirements and deadlines.
Application process step-by-step
To apply for a non-lucrative visa, you will need to follow these steps:
Set up an appointment with your local Spanish consulate. You can find a list of consulates on the Spanish government website.
In your appointment request, be sure to include the following information:
The type of visa you are applying for
Your name
Your nationality
The reason for your visa request
Your desired appointment date
Bring the following documentation to your appointment:
A passport photo and current copy of your passport
Bank statements or other proof of financial means
Confirmation of public or private health insurance
A certificate of clear background check
The national visa application form
The non-lucrative residence visa application form
A medical certificate stating that you have no major health issues
The appropriate visa application fee
At your appointment, you will submit your fingerprints and biometric data. You will also pay the required visa application fee.
The application process can take several weeks, so it’s important to start early. Be sure to check with the consulate for specific requirements and deadlines.
If you have any questions, please don’t hesitate to ask.
Here are some additional tips to make your application process go smoothly:
Be polite and professional when interacting with the consulate staff.
Be prepared to answer questions about your financial situation and your plans for living in Spain.
Double-check all of your documentation to make sure it is complete and accurate.
Timeline for a Spain Non-Lucrative Visa
So, you’re ready to start your journey to Spain! But how long will it take to get your non-lucrative visa?
Here’s a breakdown of the timeline:
Application: The application process can take up to 3 months. Be sure to submit all of the required documentation as early as possible.
Visa approval: Once your application is approved, you will have 1 month to collect your visa in person.
Visa validity: Your visa will be valid for a specific period of time, usually 1 year.
Entry into Spain: You have 90 days from the date of your visa approval to enter Spain. After that, your visa will expire and you will not be able to enter the country.
Residency card application: Once you are in Spain, you have 30 days to apply for your residency card, or Tarjeta de Identidad de Extranjero (TIE). This card is required for anyone who stays in Spain for longer than 6 months.
I know that this can seem like a lot of steps, but it’s important to be patient and organized. By following these steps, you’ll be well on your way to living the Spanish dream!
Here are some additional tips to help you get your visa as quickly as possible:
Double-check all of your documentation: Make sure that all of your documents are complete and accurate. This will help to speed up the application process.
Be prepared to answer questions: The consulate may ask you questions about your financial situation and your plans for living in Spain. Be prepared to answer these questions in a clear and concise way.
Be polite and professional: When interacting with the consulate staff, be polite and professional. This will make a good impression and help to ensure that your application is processed smoothly.
FAQ for Spain's Non-Lucrative Visa
Can I apply for a non-lucrative visa while in Spain?
You may be wondering if you can apply for a non-lucrative visa (NLV) while you are already in Spain. Unfortunately, the answer is no. You must apply for the NLV in your home country or in a third country.
The reason for this is that the NLV is a visa that allows you to live in Spain without working. If you are already in Spain, you are considered to be working, even if you are not being paid.
However, if you already have an approved NLV, you can renew it every two years while you are in Spain. This means that you can stay in Spain indefinitely, as long as you continue to renew your visa.
Can you renew a non-lucrative visa for Spain?
Yes, you can renew your non-lucrative visa (NLV) for Spain. The NLV is initially valid for one year, and you can renew it for two more years at a time, up to a maximum of five years.
This means that you can stay in Spain for up to five years on an NLV, and then you can apply for permanent residency.
To renew your NLV, you will need to submit the following documents to the Spanish immigration authorities:
A completed renewal application form
A copy of your passport
A copy of your NLV
Proof of financial means (bank statements, investment statements, etc.)
Proof of health insurance that covers you in Spain
A criminal background check
Can I travel to other European countries with a Spain non-lucrative visa?
Yes, you can travel to other European countries with a Spain non-lucrative visa (NLV). The NLV allows you to travel to any of the 26 Schengen countries for up to 90 days in any 180-day period.
The Schengen Area is a group of 26 European countries that have agreed to allow passport-holders of any member country to move freely within the area without border controls.
When you travel to another Schengen country, you will need to present your NLV and passport to immigration officials. You may also need to show proof of sufficient funds to support yourself during your stay.
It is important to note that the NLV does not allow you to work in any of the Schengen countries. If you want to work, you will need to obtain a separate work visa.