Non Lucrative permit is designed for Non-European individuals who wish to reside in Spain without carrying out any gainful (work or professional) activity, provided that the applicant has sufficient and guaranteed means to live on. It is an ideal way to relocate to Spain without investment or starting up business in the country!
Benefits
A residency with FULL rights of living in Spain and traveling in EU
First one is granted for a year, with ability to prolong
A way to permanent residency after 5 years
No need to make any investment before coming to Spain
Your family members may also obtain the visa:
The spouse or unmarried partner.
Dependent children and dependent relatives in the ascending line who form part of the family unit.
Non-lucrative visa is for you if:
You are a non-EU citizen that has enough funds to sustain their living in Spain
You want to start living in country without working
You are looking for investment opportunities in the country
You are a foreigner that would like to retire in the country
Requirements for NLV permit
To have enough financial capacities (min 30,000 euros) available at the bank account
Strong evidence of passive income, minimum 1311 euros per month