A residence permit in Spain for financially independent persons is suitable for those who want to move here and have the opportunity to earn income in another country or work remotely.<\/p>\n
You will not have the right to work in Spain, so you must document your solvency. The logic is this: the government protects its specialists and the labor market, and gives you the opportunity to live in the country and spend your money.<\/p>\n
With this type of residence permit, you can conduct business, but you must hire a resident for an administrative position – a person with the legal right to live and work in Spain.<\/p>\n
This residence permit is issued initially for 1 year with the right to extension. After the end of the first term, you extend it for 2 years, then for another 2 years, and then receive permanent residence for 5 years. After 10 years of continuous residence in Spain, you can obtain citizenship.<\/p>\n
The main criterion for obtaining this residence permit is financial independence. To confirm that you can live in Spain without working, documents are submitted to the consulate that show:<\/p>\n
There must be a minimum of 38,800 euros in the bank account for a family of 3 people. This amount is calculated as follows: 400% IPREM for the applicant (this is about 26,000 euros) and 100% IPREM for each family member (6,500 euros each) IPREM is the Spanish equivalent of our living wage.<\/p>\n
If you plan to rent housing and send your children to a paid school, then these amounts should be deposited into your account above the minimum. It\u2019s better to immediately multiply this money by another 1.5 or times.<\/p>\n
You must stay in Spain for at least 183 days. If this requirement is violated, your residence permit will not be renewed. It happens that, due to business in another country, the applicant is unable to stay in Spain for six months; in this case, he can refuse the residence permit, but the residence permit will remain for family members.<\/p>\n
Another mandatory condition is get health insurance in Spain<\/a>. The policy is issued for each family member who applies for a residence permit together with the applicant. What you need is full medical insurance from a company accredited in Spain. The policy must include hospitalization and repatriation without any additional payments. It is better to obtain insurance immediately from a Spanish company, so as not to transfer it later. Now the coverage should be from 30,000 euros.<\/p>\n But also, there are also general requirements that are the same for all types of residence permits: not to be an EU citizen or a close relative of such citizens; stay in Spain legally; not have a ban on entry into the country; have no criminal record; not to be sick so as not to harm the health of others.<\/p>\n On average, an application for a residence permit in Spain for financially independent persons is processed for about 3 months. And it takes from 2 to 3 months to collect all the documents. It happens that the consulate does not give an answer, in which case it means that you have received a refusal, but more often than not you receive a short letter with a brief explanation. In this case, it will be possible to file an appeal.<\/p>\n An application for a residence permit in Spain for financially independent persons is submitted at the consulate. Before submitting, you need to visit Spain and pre-settle the necessary matters. For example, if you are moving with children aged 6 to 16 years, then it is imperative that they be enrolled in school before applying.<\/p>\n You will be renewing your residence permit in Spain.<\/p>\n Let’s look at the process step by step:<\/p>\n Almost everything can be done by proxy. You can contact a special agency that will completely supervise this process, help you collect all the documents, and accompany you to all authorities. Your presence will only be required for fingerprinting.<\/p>\n The entire package of documents for a residence permit in Spain for financially independent persons, which you submit to the consulate, consists of 2 parts: documents received in Spain and documents in your country, which must be translated by an official translator or certified at the consulate and legalized.<\/p>\n The consulate may also request additional certificates, which must be submitted within 10 days.<\/p>\n The main thing, besides having income, is a motivation letter. In it, in at least one paragraph, you need to tell where you get the money, how you pay taxes, and certify that you will receive remote income when moving to Spain. And also describe why you want to live in Spain, for example, note that there is good education, climate, that you love the country and culture.<\/p>\n List of documents from the website of the Spanish Consulate:<\/p>\n This is a minimum list. If you contact an agency, they will additionally recommend what other certificates can be attached to increase the chance of approval of a residence permit.<\/p>\n We will help you obtain a residence permit in Spain for financially independent individuals and collect all the necessary documents. You can find out more about the service by following the link:<\/p>\nDeadlines for obtaining a residence permit in Spain for financially independent persons<\/h2>\n
The process of obtaining a residence permit in Spain for financial independence step by step<\/h2>\n
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Necessary documents for obtaining a residence permit in Spain for financially independent persons<\/h2>\n
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