The Non Lucrative Visa is an ideal option for those who wish to reside temporarily in Spain without engaging in any work activities in the country. This visa, processed through the Spanish Consulate in your country of origin, allows you to live in Spain for one year, with the freedom to enjoy your personal activities, retirement, studies, or leisure time without the need to seek employment. As the Non-Lucrative visa does not allow you to work in Spain, you are only allowed to receive passive income.
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.
Del Canto Chambers’ dual-qualified, multilingual tax lawyers have handled over 500 complex cases from Europe, the Middle East, Latin America, and Asia. Discerning London-based and international clients, corporations, solicitors, and tax advisors count on our expertise.
You can more about what clients have to say, about working with Del Canto Chambers here below.
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 has a specialised team ready and eager to support you to apply for Spanish nationality. If you are interested in applying and would like to know if you are eligible, we would be delighted to help you.
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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