Retirement & Passive Income Visas in Spain

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Tina Shiels (Sep, 06 2019)
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Service Details

Retirement & Passive Income Visas

Available in the following locations: Arrecife, Barcelona, Benidorm, Cadiz, Castellon de la Plana, Cordoba, El Campello, Estepona, Fuengirola, Gandia, Granada, Jaen, L`Eliana, La Manga del Mar Menor, Las Palmas de Gran Canaria, Los Alcazares, Los Cristianos, Malaga, Mallorca, Mazarron, Motril, Murcia, Nerja, Orihuela Costa, Oviedo, Puerto del Rosario, Puzol, Seville, Torrevieja, Valencia, Velez-Malaga, Vigo, Yaiza

* If your local town is not listed, a lawyer from our nearest office will be happy to assist you.

Who Is This Service For?

This visa - known in Spanish as the 'No Lucrativa' visa - meaning it is not valid if you wish to be able to work in Spain, can nevertheless be a very interesting option for non-EU – including British citizens (post-Brexit) – who wish to reside in Spain.

If you are earning more than €2,260 Euros on a monthly basis (whether based on a pension or any other kind of regular income) you can apply for residency in Spain – though please note, for non-working purposes only.

If more than one person is applying (for instance you intend to come with your spouse/partner and children) the income required will increase by approximately €565 per month for each additional member.

You can also apply even if you do not have regular income, but simply have deposit/s in bank account/s over that amount during the time of residency, so over €27,115 for 1 member and an additional €6,780 (approx.) for each additional member.

The visa duration is for one year initially, renewable on a 2 yearly basis, until such time as you have spent 5 years resident in Spain, when you can request a long-term visa.

What Does This Service Consist Of

  • Advice and assistance from an experienced immigration lawyer to ensure the applicant has the required documentation and information
  • Complete the application request on your behalf
  • Assistance with arranging approved health insurance
  • Arrange for payment of administrative fee
  • Accompany the applicant to the appointment with the relevant government department to collect the visa once approved
  • Accompany the applicant to collect the TIE (foreigner’s identification card)
  • Assist with renewal of the visa after years 1, 3 and 5 (billed separately, as required)

Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your professional.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.

Why choose Advocate Abroad?

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