If you are thinking of traveling for a long time through Spain and discover all its secrets; If you want to retire here to enjoy good weather, varied cuisine and tranquility; Perhaps what interests you is the non-lucrative visa (NLV) of Spain.
The non-profit visa (NLV) allows you to reside in the country without carrying out a lucrative activity (such as working for someone else or being self-employed) as long as you have sufficient financial means for subsistence.
What are the advantages of the non-lucrative visa (NLV)?
- It allows both the holder and his family to reside in Spain.
- Facilitates obtaining long-term residency.
- Authorizes you to travel throughout the Schengen area.
- It helps to obtain Spanish nationality.
- Authorizes you to invest and participate in commercial activities.
What are the disadvantages?
- It is a permit for only 1 year (renewable for another 2).
- It cannot be requested from Spain, but must be managed from the Consulate.
- Does not include the public health system. You must take out medical insurance. At Tarragona Legal we can guide you on the most suitable insurance for you.
What are the financial resources requested?
The minimum amount is 400% of the Indicador Público de Renta de Efectos Múltiples (IPREM). To this amount must be added 100% of the IPREM for each dependent family member of the applicant. It is advisable to demonstrate that you have these resources in a bank account or as recurring income, rather than in properties.
If you are considering ordering it or would like more information, do not hesitate to contact us free of charge and without obligation and we will answer all your questions.
