Income or asset requirement for residency?

Posted: Wed Sep 15, 2021 9:46pm

4 replies138 views2 members subscribed

Bob888

Posts: 3

1 helpful points

Location: Benidorm

Joined: 12 Sep 2021

Hello all,

Is anyone aware of the latest income or bank balance requirement for an EU Citizen early-retiree without a pension to get a residency permit for an family to live in Benidorm?

I have read in some places that you need to show a certain bank account balance. Something like 20k euros required.

However, in other places it says you need to show 800euros monthly income per person. So my wife and our son would need to show income of 3x800= 2400 euro per month?

Anyone have a government website link showing the latest asset/income level?

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Posted: Wed Sep 15, 2021 10:39pm

tebo53

Legendary helpful member

Posts: 4826

5023 helpful points

Location: Benidorm

Joined: 29 May 2018

Posted: Wed Sep 15, 2021 10:39pm

Bob888 wrote on Wed Sep 15, 2021 9:46pm:
Hello all,
Is anyone aware of the latest income or bank balance requirement for an EU Citizen early-retiree without a pension to get a residency permit for an family to live in Benidorm?

Read more...

I have read in some places that you need to show a certain bank account balance. Something like 20k euros required.
However, in other places it says you need to show 800euros monthly income per person. So my wife and our son would need to show income of 3x800= 2400 euro per month?
Anyone have a government website link showing the latest asset/income level?

To reside in Spain since Brexit you will need to show an income of €27,115.20 for the first person and an additional €6,778.80 for each additional person.

You will need full healthcare cover paid for a full year for each person.

Steve

Posted: Wed Sep 15, 2021 10:47pm

Bob888

Original Poster

Posts: 3

1 helpful points

Location: Benidorm

Joined: 12 Sep 2021

Posted: Wed Sep 15, 2021 10:47pm

tebo53 wrote on Wed Sep 15, 2021 10:39pm:
To reside in Spain since Brexit you will need to show an income of €27,115.20 for the first person and an additional €6,778.80 for each additional person.
You will need full healthcare cover paid for a full year for each person.

Read more...

Steve

Thanks for the reply, but I was referring to the requirements for an EU citizen, not a UK citizen.

Do you know where I can find the official financial requirements for an EU citizen?

Posted: Wed Sep 15, 2021 10:50pm

tebo53

Legendary helpful member

Posts: 4826

5023 helpful points

Location: Benidorm

Joined: 29 May 2018

Posted: Wed Sep 15, 2021 10:50pm

Bob888 wrote on Wed Sep 15, 2021 10:47pm:
Thanks for the reply, but I was referring to the requirements for an EU citizen, not a UK citizen.
Do you know where I can find the official financial requirements for an EU citizen?

No

Reply

Posted: Thu Sep 16, 2021 11:49am

Manus

Posts: 49

44 helpful points

Location: Benijofar

Joined: 4 Nov 2020

Posted: Thu Sep 16, 2021 11:49am

Bob888 wrote on Wed Sep 15, 2021 9:46pm:
Hello all,
Is anyone aware of the latest income or bank balance requirement for an EU Citizen early-retiree without a pension to get a residency permit for an family to live in Benidorm?

Read more...

I have read in some places that you need to show a certain bank account balance. Something like 20k euros required.
However, in other places it says you need to show 800euros monthly income per person. So my wife and our son would need to show income of 3x800= 2400 euro per month?
Anyone have a government website link showing the latest asset/income level?

Just found this on Google and hope it helps:

People also askHow much money do you need in the bank to get Residencia in Spain?You will need to prove you have maintained a minimum of circa €7k in an account for more than 3 months by presenting an Average Balance Certificate from your Spanish bank. We also recommend 3 months stamped statements from the bank