In order to obtain residence in Spain without financial means, there are certain procedures that must be carried out, including the need to have financial resources.
However, it is possible to obtain residence without financial means. We will see the different options available to us.
Table of contents:
1. What type of residence is it?
Non-working residence in Spain, or also called non-profit residence, is the best option for applying for residence in Spain.
We will discuss the different ways to justify your financial means without having any.
2. Requirements to apply for residence in Spain without financial means :
First of all, it is important that the person who wants to apply for residency does not have a criminal record and is not in an irregular situation in Spain. It is also necessary to have health insurance to be covered in case of health problems.
The most feasible of all is the student residence.
You must have already obtained a university degree and have an acceptable and stable academic performance.
With these studies, the student can do a master’s degree for a minimum of 6 months in Spain and, once completed, he or she can take a sabbatical year during which he or she will have to start working or do an internship in a company.
There is also the possibility for the person to create their own business in order to be able to demonstrate the economic income necessary for their subsistence in the country.
- SALE OF REAL ESTATE.
Another way to justify income is the sale of real estate that you own.
It must be real estate and a real sale, made at a notary’s office, with the approval of the notary, with the payment of taxes up to date and the registration of the real estate before and after the sale to be approved as proof.
- GIFT OR INHERITANCE
We can also prove our income through a gift from a direct relative such as: parents, aunts, uncles, brothers, etc. Or having received an inheritance.
With all of the above, we will be able to demonstrate that we can apply for residency in Spain without having the economic means to reside in the country for at least one year.
This option allows citizens of countries that are not part of the European Union to live in Spain, provided that they can prove that they have sufficient financial resources to live in Spain for at least one year