Non Lucrative Visa for Spain
The best way and fastest to obtain the residence in Spain the Non Lucrative Visa for Spain
- What is it? Whom is granted and whom not?
- Time it takes to grant Non Lucrative Visa for Spain
- Economic capacity. Source of funds
- Opening of bank accounts in Spain. Common mistakes
- Health insurance.
- Medical certificates. Common mistakes.
- Police records. Common mistakes made
- The day of the presentation
- Other residences
Hello, my name is Antonio Villena, I’m the director of residence-permit.org with more than 33 years of experience in immigration matters, both as an official of the central state administration and as a promoter of important national projects.
In this article you will have a little bit of an introduction, analyzing all the details of what No Lucrative Visa for Spainis in Spain.
What is Non Lucrative Visa for Spain? Whom is granted and whom not?
In the first place, whom is granted Non Lucrative Visa for Spain? Non-profit residence is granted to a person who, among other requirements, has sufficient financial capacity.
Enough economic capacity, but it must be borne in mind that this economic capacity does not have to come, at least not in its entirety, from direct work.
This is a very common mistake, if a person has his financial means solely and exclusively from a job that comes from being a manager of a company from being an employee, no matter how high he is capable with having economic performance, it does not serve to obtain this type of residence.
A very simple reason: It is assumed that if that person living in Spain will stop receiving that income, then automatically it is denied. In addition, this is a very typical error a very common mistake in this type of residence committed by most of the applicants.
Time it takes to grant Non Lucrative Visa for Spain
It is one of the fastest residence that exists after Golden visa. This type of residence does not take more than a month, and even the big majority of consulates, if the documentation shows that it is correct, the consulate retain the passports or request that the passports be left to deliver it in a week, two weeks and at the most some twenty days already with the national residence visa issued.
The Non Lucrative Visa for Spain is one of the fastest residences in its process.
Economic capacity for Non Lucrative Visa for Spain. Source of funds
Economic capacity, the economic capacity to be held is established by a very specific formula and is the IPREM that is established each year by the government in Spain.
The IPREM is the indicator of consumer prices and this IPREM in 2020 is at € 537.84, say € 538.
This IPREM multiplied by 4 times is what the person has to receive monthly or its annual equivalent in order to obtain this type of residence.
This is what the Spanish administration establishes so that a person can obtain this Non Lucrative Visa for Spain. Each additional member would be the IPREM, that is, an additional € 538 per month or its equivalent per year, approximately about € 6,500 / year.
This is what the Spanish administration establishes that a person or a family must earn in order to apply for this type of Non Lucrative Visa for Spain.
€ 26,000 for the first person and € 6,500 more per year for each additional family member. That is to say should earn at least euros 2,747/month.
Moreover, as we have previously said, it cannot be that this money comes solely and exclusively from a direct job of the person who is going to request it.
This is a fundamental requirement to apply for Non Lucrative Visa for Spain.
It should also be borne in mind that there are countries such as Morocco or Algeria in which the government does not allow money to leave the country.
So how does the Spanish state assess that this person can stay in Spain, if you have this income and income they cannot move here to Spain?
The formula in these cases, we are talking about Morocco and Algeria is that the money or a part of the money, minimum of that money, that is in a bank or a country in an investment fund that is not the country where this person is and that prevents money from leaving that country.
It means that a person who for example is in Morocco or in Algeria and has their income. If you have part of the money that you will need for the first year of your maintenance in a bank outside the country and in a country that allows the money to be transferred to Spain, then there is no problem.
It means a single person should have at least € 26,000, must be in a bank account outside the country, for the first year of maintenance for the Non Lucrative Visa for Spain.
Regardless of whether you also have a monthly or yearly income that we have been talking about earlier.
For example, if they are two people, well, then instead of € 26,000 we are talking about € 32,500, they have to be in a bank account outside the country, for the first year of Non Lucrative Visa for Spain, they have to be available and it has to be in have a country where there is no problem with money remitting outside.
It is evaluated correctly or more positively to grant Non Lucrative Visa for Spain, if this money is in a Spanish local bank.
Opening of bank accounts in Spain. Common mistakes
You cannot deposit or open an account in a bank with significantly large amounts such as the one we are talking about without first having a protocol in which the bank is informed of where the person’s funds proceed from. So that they will deposit that money, in this case to apply for Non Lucrative Visa for Spain, because if not, the bank will automatically block the bank account first. They will not allow you to open it, and if you open it, of course they block it.
Even the bank does not even have the power to allow this deposit, but it is a specific department that each banking center must be specialized with the procedure.
This apparently seems a bit difficult, but for those of us who have been doing this for years and usually act with the same banking entities and with the same departments within those banking entities that have known us for many, many years, and who know the procedures. We are talking about procedures with which bank accounts are open in 24 hours with the account open and active.
Even to buy properties more than half a million euros, the procedure that is we do it with the right bank, and directly with the central office of the bank. Thereby it will not have any problem, in fact, with all the banking entities we work with so many years ago. Years since we know the operation and what they ask of us and we have a great experience and there are no problems with the opening of accounts to apply for Non Lucrative Visa for Spain.
These are procedures that for those who do not have experience may seem difficult but they are not for our clients, we have experience in it these transactions.
The medical insurance that the person has to have is medical insurance that can cover you or has to cover any medical, dental, etc., whatever it may be, not just emergencies.
It is a very common mistake for the applicant for Non Lucrative Visa for Spain to present medical insurance with the company that normally covers visas, it is a mistake, the medical insurance that we are talking about is not medical insurance like that of a visa, Visa health insurance covers an emergency or covers any incident.
The medical insurance that is requested, which must be requested to qualify for Non Lucrative Visa for Spain, is medical insurance that allows you any medical assistance, whatever it may be, and without a copayment.
Very important to also keep in mind that no copayment.
They are common mistakes that can cause a No Lucrative Visa for Spainapplication in Spain to be rejected.
Regardless of this, there are also companies that are specialized in this type of insurance for foreigners and especially non-community foreigners who are extremely agile and who attend in any languages 24 hours a day, who have very extensive medical and hospital coverage, which they have and prepare the necessary certificates in a suitable way and within 24 hours. Moreover, apart from that the premiums are very low and very normal fees.
It is also important that this type of insurance is adequate to apply for Non Lucrative Visa for Spain.
Medical certificates. Common mistakes
Medical certificate, a medical center or a doctor that is recognized by the Consulate, where we will present the documentation to obtain Non Lucrative Visa for Spain, must first issue the medical certificate.
We cannot present any medical certificate from any medical center or from any doctor, only the authorized doctors and the medical centers authorized by the Consulate in particular where you go to present the documentation, this is very important.
There is another important requirement, the certificate that certifies that the person does not have a contagious disease with respect to the international regulations of 2005, simply the phrase, signature and stamps. Enough for the medical certificate to serve us and that of course we have said that that doctor or center doctor is recognized by the Consulate.
Even then, we can also be making a mistake and that it does not serve us. The error is that this medical certificate must be authenticated by the Consulate or must be in its absence with the Apostille of The Hague depending on the country where the Non Lucrative Visa for Spain is presented.
Police records. Common mistakes made
Another important requirement, the police record or criminal record as it is said in Spain. The police record or criminal record must be presented from where one has been residing for the last 5 years; it must not be presented from the country where one is a national, nor from the country where one resides.
It must be presented from where we have been receiving the last 5 years only and exclusively.
Also important is that this certificate of police must come authenticated by the Spanish Consulate or with the Apostille of The Hague in the countries that are subscribed to the agreement of The Hague and of course all the documentation that is presented for Non Lucrative Visa for Spain, has to be translated by a sworn translator., What good is a sworn translator from Spain, which would serve any sworn translator or a sworn translator from the country of origin where we are going to present the documentation that, in this case, must be authenticated by the Spanish consulate or with the corresponding Hague Apostille.
All of these are common requirements for this type of Non Lucrative Visa for Spain.
The day of the presentation Non Lucrative Visa for Spain
The day on which we are going to present the applications for Non Lucrative Visa for Spain, is an important day, important because the consulate, or the official on duty or the head of the department, especially in some consulates for issues that it is not appropriate to explain here, they have an obligation or indications to ask and exhaustively or find out if that person or that family indeed meets the conditions to reside in Spain and if they really want and will become effective in Spain.
They can ask individually to each family member who applies for Non Lucrative Visa for Spain, the questions they deem appropriate and of course if not answered correctly, not only can that file or application be denied. For this reason, it is important to know that they can ask and answer us correctly.
We normally advise the client broadly and in depth on these interviews and of course, we go along with the client that day to deliver the documentation to the consulate. This is very important, not only because of the interview but also because of the documentation that is delivered, to apply for Non Lucrative Visa for Spain, that the official who receives it if he has any doubts that can ask us and clarify any documentation. Many times in each Consulate as they say here in Spain “each teacher has his booklet” wants to be presented in one way or another, you have to talk to the official, that the documentation is correct, that it is a defensible documentation, that the official see that it is all good, that you close the folder and collect the passports to put the visa and in this way they are quickly calling and approving the documentation of the Non Lucrative Visa for Spain.
The approval of this type of Non Lucrative Visa for Spain, does not take more than a few weeks, does not reach a month. In fact, most consulates usually keep their passports at the time they receive the documentation, to already issue the visas in passports.
Once the Non Lucrative Visa for Spain is approved, they communicate it to us telemetically; they also communicate it to the client, normally by phone. It must be taken into account that these phones must always be operational, the phones that are put on the forms and once they go to the consulate, they collect the passports with the corresponding visas already stamped. They have 90 days to come to Spain to make their fingerprints in the police department.
Now we receive the communication of approval, we are requesting an appointment with the police to take the fingerprints.
Taking fingerprints for Non Lucrative Visa for Spain is easy; you just have to go with a copy of passports, fees and photographs.
We always go along with the client in the fingerprinting, once the fingerprint is taken, the documentation is collected, the police already have the approval in their database, you do not have to carry any type of document they already have it in the system computer, from there in about twenty days the card is collected.
This is an easy procedure.
We are also at your disposal through our website or by email or WhatsApp.
Regulations of the Government of Spain: