Spain
Non-Investment Residency Program
Simplicity of Residency Requirements
- 90
Speed of obtaining passport/residency
- 70
Inclusion of dependants in the application
- 50
Powerfulness of the passport
- 90
Cost per family member during application
- 90
Income Tax Benefits
- 90
Value for money of passport vs time to obtain it
- 70
* 0 means Worst, 100 means Best
The Spanish non-investment residency program opens the possibility for an entire family to move to Spain. There is no requirement or need to invest in Spain, and children can study in Spain for the same fees as local Spanish residents pay (elementary, secondary school, and public universities).
After a total of 5 years of legal residence, a long-term residence permit for 5 years will be issued to the applicant, the spouse, and children (i.e. a ‘golden visa’ is issued after the 5th year – without the need to purchase or invest in real estate). The applicant can easily convert to a ‘golden visa’ (permanent residency) within the first year of this type of visa – since this option is always open to the applicant during the first 5 years.
Program Highlights
- No real estate or business investment is required
- No minimum net worth requirement
- Allows the applicant to continue an economic activity in other countries such as passive investments, and income
- At the time of the first renewal, it’s possible to convert the type of residence to a work permit based on various options
- Low-cost tuition for dependents
Summary Program requirements:
- In the case that the applicant is of legal age, not having a criminal record in Spain and in the previous countries where he/she has resided during the last 5 years, for crimes under Spanish law
- Not be prohibited from entering Spain and not be listed as being ineligible to enter the territorial space of countries with which Spain has signed an agreement to that effect
- The applicant has to obtain private medical Insurance in coordination with an insurer authorized to operate in Spain / EU region
Residency requirements
Applicant and family members need to live in Spain for 183 days or more per year.
Processing time
3 months during the non-COVID period
- Not suffering from any of the diseases that may have serious public health repercussions (i.e. COVID19 testing)
- Receiving a pension, rent from an investment fund, or rent from a property ("active" salaries are not preferred under this program
- Having an amount in the bank with which the person can live by themselves or with family applying during the stay of one year in Spain. The minimum amounts have to be EUR 2,600 per month; Or a minimum total of EUR 31,200 in the applicant’s account.
- Have sufficient economic means to cover their own and their family's expenses during the period for which they wish to reside in Spain and without the need to carry out any work or professional activity. Applicants can prove the economic means in two ways:
