How Does a Non-Lucrative Visa Work in Spain?

Spain has long been a top destination for those seeking a change in lifestyle, and it’s easy to see why. With its vibrant culture, stunning landscapes, and relaxed way of life, Spain offers an enticing mix of sun, sea, and a sense of community that’s hard to find elsewhere. For many Brits, especially in the post-Brexit era, Spain represents an idyllic escape where they can enjoy their retirement, remote work, or simply a slower pace of life. But how can you make this dream a reality? One of the most popular routes for non-European Union (EU) nationals, including British citizens, is the Spanish Non-Lucrative Visa (NLV). Here’s a detailed look at how this visa works and how you can secure your place in the Spanish sun.

What is the Non-Lucrative Visa (NLV)?

The Spanish Non-Lucrative Visa, also known as the Retirement Visa, is designed for non-EU nationals who wish to live in Spain without engaging in any work or professional activities that generate income within the country. This visa is ideal for retirees, digital nomads, or anyone with a steady income from outside Spain, such as pensions, savings, or remote work for non-Spanish companies. The NLV allows you to reside in Spain, immerse yourself in its rich culture, and enjoy its high quality of life without the need to work locally.

Why Are So Many Brits Moving to Spain?

Post-Brexit, many British citizens are seeking new opportunities and a better lifestyle abroad, and Spain tops the list of destinations. The country offers a warm climate, affordable living, excellent healthcare, and a welcoming expatriate community, particularly in regions like Costa del Sol, Costa Blanca, and the Balearic Islands. Whether it’s the allure of the Mediterranean lifestyle, the lower cost of living compared to the UK, or the ease of travel within the Schengen Zone, Spain has become a go-to spot for Brits looking to relocate.

How Does the Non-Lucrative Visa Work?

1. Application Process

The first step in obtaining an NLV is to apply at the Spanish consulate in your country of residence. In the UK, this means visiting the Spanish Consulate in London, Manchester, or Edinburgh, depending on your location. The application process involves submitting a range of documents, including:

• A completed visa application form.
• A valid passport (with at least one year remaining before expiration).
• Proof of sufficient financial means, which includes bank statements, pension receipts, or proof of other income.
• Private health insurance that covers all risks in Spain.
• A medical certificate stating you are free of contagious diseases.
• A criminal record certificate from the countries where you have lived in the past five years.

You will also need to pay an application fee, which can vary slightly depending on the consulate.

2. Financial Requirements

To be eligible for the NLV, you must demonstrate that you have sufficient financial resources to support yourself and any dependents while living in Spain. As of 2024, the minimum income requirement is approximately €30,000 per year for the main applicant, with an additional €7,500 per dependent. This can be proven through savings, investment income, pensions, or income from rental properties abroad. It’s important to ensure that these funds are readily accessible and are not tied up in non-liquid assets.

3. Approval and Visa Issuance

Once your application is approved, the consulate will issue you a visa that allows you to enter Spain. This visa is typically valid for three months, during which time you must travel to Spain and complete your residency registration.

4. Registering in Spain

Upon arrival in Spain, you have one month to register with the local authorities (usually at the police station) to obtain your Foreigner Identity Card (Tarjeta de Identidad de Extranjero or TIE). This card serves as your official ID and proof of your legal residency status in Spain. You’ll need to provide your visa, passport, proof of address in Spain, and possibly your financial documents again.

5. Residency Renewal

The NLV initially grants you a one-year residency in Spain. Before this year expires, you can apply for a renewal, which, if approved, extends your residency for an additional two years. This renewal process can be repeated once more for another two-year period, after which you can apply for long-term residency.

6. Long-Term Residency and Citizenship

After five years of continuous residency in Spain, you become eligible to apply for long-term or permanent residency. This status allows you to live in Spain indefinitely with most of the rights of Spanish citizens, including access to public services and the ability to move freely within the EU. After ten years, you may apply for Spanish citizenship, provided you meet certain requirements, such as passing language and cultural knowledge tests.

Can You Work in Spain with a Non-Lucrative Visa?

One of the key conditions of the NLV is that it does not permit you to work or engage in any professional activities that generate income within Spain. This visa is also popular among retirees who have sufficient passive income, such as pensions or investment returns, to support their lifestyle without needing to work.

Tax Considerations

It’s crucial to understand the tax implications of moving to Spain on an NLV. As a resident, you will be liable for Spanish taxes on your global income, including foreign pensions and investment income. At Chorus Financial our European qualified and licensed financial advisers can ensure you are fully compliant and tax-efficient.

Why Choose Chorus Financial?

Navigating the complexities of the Spanish Non-Lucrative Visa process can be daunting, especially with the added considerations of post-Brexit changes. At Chorus Financial, we specialise in assisting British expats with every step of the relocation process, from visa applications to financial planning and tax advice. Our expertise ensures that your move to Spain is as smooth and stress-free as possible.

Whether you’re considering retirement in the Costa del Sol, setting up a remote working base in Barcelona, or simply exploring a new lifestyle on Spain’s Costa Blanca, we’re here to help. Contact us today for tailored advice and support with your NLV application and all aspects of your move to Spain.