Apply for the Non Lucrative Visa regulated in Organic Law 4/2000 of 11 January on the Rights and Freedoms of Foreigners in Spain and their Social Integration and Regulation of Organic Law 4/2000, approved by Royal Decree 557/2011, of 20 April and benefit from the Spanish residence advantages.
Del Canto Chambers makes the process very easy and straightforward with a step-by-step procedure tailored to your specific circumstances.
Our dual-qualified tax and legal international professionals will guide you on how to transition to living in Spain under the rules and regulations of the Spanish Government while respecting your own country’s tax and legal regulations.
The non-lucrative residency visa is a residence permit that allows third country nationals to reside in Spain without the need to work in the country or engage in commercial activities. It’s ideal for those who have sufficient income to live without seeking employment in Spain.
The main requirements typically include demonstrating sufficient income to sustain oneself in Spain without working, having private medical insurance, having no criminal record, and meeting public health requirements. Additionally, documentation supporting these requirements, such as bank statements, a medical insurance contract, and a criminal record certificate, must be provided.
The initial non-lucrative residency visa is valid for one year, and it can then be renewed for additional two-year periods. After five years of legal residence in Spain, permanent residency can be applied for.
No, the non-lucrative residency visa is specifically designed for those who wish to reside in Spain without working in the country or engaging in commercial activities. If you wish to work in Spain, you’ll need to obtain a work visa or an offer of employment from a Spanish company.
Del Canto Chambers specialists are constantly up to date with new legislative changes and aware of any Spanish tax and legal implications. Contact our Spanish legal and tax specialists to find out the best tax planning and corporate structures in your circumstances.
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Del Canto Chambers is a leading London Anglo Spanish firm specialising in Law, Tax & Legal Advice. Our dual-qualified, multilingual lawyers specialise in international law and tax and have worked on over 500 cases globally. Our main focus are legal and tax related issues in Spain.
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