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Proof of income for residency

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Posted: Sun Feb 10, 2019 3:06am
5 replies130 views6 members subscribed
Kevin999

Posts: 3

Location: Benidorm

Hi, needing advice on applying for residency in benidorm. Regarding proof of regular income, my partner has proof of income by means of a pension but I havn't  as Im retiring early and will be living off my savings, I have adequate saving and so will not be a burden to spain. Would showing by uk bank account statement  my funds be enough to get my residency, or has anyone had this situation and found a solution.

Cheryl

Cheryl

Helpful member

Sun Feb 10, 2019 11:01am

Posts: 295

Location: Albatera

263 helpful posts

Posted: Sun Feb 10, 2019 11:01am

Jim's guides - your complete guide to Spain

This is a guide for everything you need to know.

Kevin999

Kevin999

Original Poster

Sun Feb 10, 2019 4:40pm

Posts: 3

Location: Benidorm

Posted: Sun Feb 10, 2019 4:40pm

Thank you cheryl and my thanks to Jim.

Maybe its me who isnt reading it correctly, I was trying to find out what Benidorms rules are regarding this matter as ive read different areas of spain have different rules or standards to meet. I read somewhere that a person who applied for residency in Valencia had it refused because even though he had more than enough funds in savings to meet the minumum required he had it refused because he didnt have an income coming in every month on his bank statements. So what im asking is has anyone got there residency given when they had sufficient funds in savings but not in a monthly income. I presume Benidorm also has different rules.

Cheryl

Cheryl

Helpful member

Sun Feb 10, 2019 5:22pm

Posts: 295

Location: Albatera

263 helpful posts

Posted: Sun Feb 10, 2019 5:22pm

 Benidorm comes under Valencia, as does Alicante, Torrevieja etc. There is the Province of Alicante which comes under the Autonomous Community of Valencia, so Valencia make the rules. You may, however, find that different areas apply the rules in different ways and as everybody´s finances are different, so will be the interpretation. Owning a property here outright will look better than renting as ongoing housing costs will be less. One thing they do insist on is seeing a regular amount into your Spanish bank account which is considered adequate to meet your needs and we set up a transfer of 1,000 GBP a month between both of us and had this running for 3 months before applying for Residency. We also provided details of credit cards held and savings in a bank account here plus proof of income from pensions in the UK and confirmation we had SIP.
You will be assessed separately from your partner if you are not married.
I have never heard of anyone getting Residency without the regular money coming in to a Spanish bank account.

Kevin999

Kevin999

Original Poster

Sun Feb 10, 2019 6:41pm

Posts: 3

Location: Benidorm

Posted: Sun Feb 10, 2019 6:41pm

Thank you cheryl,

Would I be right in thinking that the money transferred into the spanish bank account would be taxable in spain.

Cheryl

Cheryl

Helpful member

Sun Feb 10, 2019 7:11pm

Posts: 295

Location: Albatera

263 helpful posts

Posted: Sun Feb 10, 2019 7:11pm

As you will be residents of Spain, all your financials will come under the Spanish tax system although you will not be double taxed.
I think your best bet would be to get in contact with one of the many businesses set up to help people get legal in Spain. If you use one based in Benidorm, they will know what the local office will and won´t accept and can help you with Residencia, Council tax (IBI but known as SUMA, the agency which collects it), tax, Spanish wills, driving licences, Padron, healthcare and NIE.
It is possible to do everything yourself with the help available on this site but everywhere has different opening hours, you can bet you will turn up without some document or another, or enough copies, or your Spanish is not good enough. We found we had enough on our plates just getting here.
Have a look at getlegalinspain.com for an idea of prices but she is based too far from Benidorm.

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