Non-Lucrative / Wealth Visa
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Non-Lucrative / Wealth Visa
What is the Non-Lucrative / Wealth Visa?
The non-lucrative visa, one of the easier visas to obtain, is a visa that allows you and your family to reside in Spain without offering the ability to work in Spain or for a Spanish company. The initial visa is good for one year; after that, you can renew in two-year increments. After five years, you will be eligible to apply for a permanent residency permit, which will allow you to work in Spain.
Who is the Non-Lucrative / Wealth Visa for?
The non-lucrative visa is optimal for anyone who can show that they have sufficient funds to support themselves and their families for the duration of the time they will be in Spain and who do not need to work while they are here. This amount is set by the Spanish government and changes every year.
What are the benefits of the Non-Lucrative / Wealth Visa?
- If you can show sufficient funds, it can be the easiest visa to obtain. The requirements are simple and straightforward.
- You and your family can come together on the same visa.
- Each year that you live continuously in Spain counts towards obtaining a permanent residence card.