Explore Spain with ease through the Non-Working Visa, perfect for those looking to reside without employment while enjoying all the country offers.
A Gateway to a Relaxed Lifestyle
The non-working visa in Spain, also known as the non-lucrative visa, is an ideal option for those looking to enjoy the beautiful Spanish lifestyle without the need to work.
This visa offers the perfect opportunity to retire, explore, or simply take a break from the hustle and bustle of everyday life.
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Duration and Renewal
The non-working visa is initially granted for one year. After this period, it can be renewed for two more years, provided you continue to meet the necessary requirements. Subsequent renewals also last for two years, and after five years of residency, you may be eligible for long-term residence status in Spain.
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Requirements
Financial Stability
No Criminal Record
Comprehensive Health Insurance
Medical Certificate
Accommodation in Spain
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Key benefits
You will be able to invest
Possibility of studying and non-paid internships.
Get the long term residency, and then the nationality.
Bring your family with you
Travel with total freedom in Europe
Am I Required to Pay any Taxes?
This residence card requires you to stay a minimum of 183 days a year in the country to renew, therefore, you will become a tax resident.
This basically means that you will have to pay income tax on your worldwide income. Keep in mind that there are double taxation agreements. These will prevent you from paying twice for the same income if it was generated in another country but also paid in Spain.
If you decide to invest, for example in company shares, and you generate a profit from your investments, you will have to pay capital gains tax.
In addition, in the case of buying a property, there may also be taxes associated with the transaction.
Need guidance?
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