What do you need to get a residence permit in Spain without the right to work?
To obtain residency in Spain without the right to work, you must obtain a residence permit known as Residencia temporal no lucrativa, which translates as “temporary residence without the right to work”.
This type of residence in Spain is usually of interest to wealthy people who do not plan to work in the country. However, the possibility of employment opens up after 5 years, when you can get a long-term residence.
When preparing documents for residency in Spain, the main requirement is to confirm the availability of financial resources that will be received into the account throughout the entire period of residency. This may be a pension, income from shares, rent and other passive income.
The required amount to live in Spain is 25,560 euros per year per person. This figure is calculated as 400% of the IPREM index for 2012, which is the minimum level of wealth in the country.
For a family of two, 31,950 euros are required, for a family of three – 38,340 euros, for a family of four – 44,730 euros, and so on. When submitting documents for residency in Spain, you must confirm the availability of the required amount in the account.
If you find it difficult to raise the necessary amount for one year of residence, it is worth considering your options. When renewing your residence, you will need to provide a financial guarantee for two years in advance. Do not forget about the restrictions on employment in Spain, as the ban on work is indicated on the residence card.
Required documents:
The application and documents must be submitted to the consulate of your country of residence. They will then be sent to Madrid for review.
If you receive a positive response, you will be scheduled for an interview at the consulate. If you wish to obtain residency in Spain, it is important to carefully prepare all documents, especially those that confirm your financial situation. Also, be prepared to answer questions about the purpose and duration of your stay in the country.
According to Spanish law, an official response to your application will be received within 6 months. However, in practice, a decision can be made within 2-4 months.
