The visa is granted to non-EU citizens who would like to live in Spain for more than 6 months and not work or derive any income professional activities.
Getting this visa is a great option if you plan to live in Spain and:…
- work with/in other countries (e.g: remote work). Working in Spain is not allowed (at least for the first year)
- live in Spain and still operate your business outside of Spain
- retire in the country
- invest in Spain
- enroll in an educational center and study
- do an internship in a company and be paid for it
- travel in Europe (through the Schengen territory) without any problem
- you can also apply in order to get the residence for your spouse and children.
- Renewable: The residence permit lasts 1 year and thereafter the first and second renewals last 2 years. The third renewal of this visa (5 years) will grant permanent or long-term residence.
- The time spent in Spain counts toward the total necessary for nationality (Spanish citizenship)
Requirements…
- Apply from your country. Do not be already living in a non legal (irregular) situation in spain.
- No criminal record in both in your country and in Spain / No position in an unusual situation within Spanish territory
- Health insurance contracted with an insurance entity authorized and that meets requirements: no co-pay (or deductible), repatriation for medical reasons needs to be covered, need to cover all the beneficiaries of the visa and be valid for one year.
- Medical certificate accrediting that they do not suffer from any disease that could cause serious repercussions for public health pursuant to the 2005 International Health Regulations
- Sufficient funds in your bank account in order to live in Spain for the initial year of the visa (does not need to be spanish bank account) or proving a regular income (E.g: prove of income when renting your home in your country) that can cover those expenses without the need to work in Spain (400% of Spain’s Public Multiple Effects Income Indicator (IPREM))
Please see the Official information about this visa in the next Spanish government site.
