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Residence

Posted: Mon Oct 7, 2019 4:35pm
14 replies266 views4 members subscribed
Taurian177

Posts: 16

3 helpful points

Joined: 19 Aug 2019

Hi All, when applying for residency is it the norm to be expected to have 7k euros each in the bank?

Recently moved from Murcia region and never heard of it before.

    Regards.....john 

John56

Posted: Mon Oct 7, 2019 4:38pm

John56

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5634 helpful points

Location: La Zenia

Joined: 7 Jul 2016

Posted: Mon Oct 7, 2019 4:38pm

Taurian177 wrote on Mon Oct 7, 2019 4:35pm:

Hi All, when applying for residency is it the norm to be expected to have 7k euros each in the bank?

Recently moved from Murcia region and never heard of it before.

    Regards.....john 

The only requirement that I was aware of was to prove you would not be a drain on Spain's economy, this should be satisfied by showing over 700 Euros per person going into a Bank Account each month, anything else is a bonus.

Cheryl

Posted: Mon Oct 7, 2019 8:57pm

Cheryl

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Joined: 8 Jun 2017

Posted: Mon Oct 7, 2019 8:57pm

Hello John, when you say you have recently moved from Murcia, had you applied for Residencia there? It is pretty standard any country is going to check that immigrants are going to be able to support themselves and being in Spain you will find that every area, on different days, will have different criteria!!!!
It will depend on your individual circumstances, if you have bought your property outright, you will need less income than if you were paying rent every month. If you qualify for SIP, you won't need to be paying for private medical insurance......
Jim Taylor has compiled an excellent guide;

Jim's guides - your complete guide to SpainThis is your bible. If you search for "announcements" under "Everywhere" there are various other items of interest.

Taurian177

Posted: Mon Oct 7, 2019 9:17pm

Taurian177

Original Poster

Posts: 16

3 helpful points

Joined: 19 Aug 2019

Posted: Mon Oct 7, 2019 9:17pm

Hi Cheryl,  thanks for taking the time.

We bought our house 8 weeks ago (no mortgage)and are applying for residency through the same law office.

We have private medical insurance as we are not state pension age.

I will post again as we proceed. 

   Regards.....john 

jimtaylor

Posted: Tue Oct 8, 2019 4:55am

jimtaylor

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8738 helpful points

Location: Mudamiento

Joined: 2 Feb 2017

Posted: Tue Oct 8, 2019 4:55am

The official requirements, pre-Brexit, are here:

https://www.costablancaforum.com/area/almorad%C3%AD-spain-11/residency-in-almorad%C3%AD-padron-residencia-passport-advice-23/jims-guide-the-residency-certificate-43535/

Different police stations apply the financial requirements in different ways, with some being more stringent or unreasonable than others.

Make sure you have a letter from your insurance provider stating that it complies with residency requirements.

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Taurian177

Posted: Tue Feb 4, 2020 2:54pm

Taurian177

Original Poster

Posts: 16

3 helpful points

Joined: 19 Aug 2019

Posted: Tue Feb 4, 2020 2:54pm

Hi to all, just to follow up on my previous residency post.

Finally got residency yesterday.

Painful process and cost of 709€ using a lawyer. 

Best to all....john

jimtaylor

Posted: Tue Feb 4, 2020 3:56pm

jimtaylor

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Posts: 5612

8738 helpful points

Location: Mudamiento

Joined: 2 Feb 2017

Posted: Tue Feb 4, 2020 3:56pm

Hi John, congratulations, although you sure paid a lot.

For the benefit of others, it would help if you said what you had to prove in the way of finances.

John56

Posted: Tue Feb 4, 2020 3:58pm

John56

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Location: La Zenia

Joined: 7 Jul 2016

Posted: Tue Feb 4, 2020 3:58pm

Taurian177 wrote on Tue Feb 4, 2020 2:54pm:

Hi to all, just to follow up on my previous residency post.

Finally got residency yesterday.

Painful process and cost of 709€ using a lawyer. 

Best to all....john

OMG how many people was that for.

Taurian177

Posted: Tue Feb 4, 2020 4:01pm

Taurian177

Original Poster

Posts: 16

3 helpful points

Joined: 19 Aug 2019

Posted: Tue Feb 4, 2020 4:01pm

Just 2

John56

Posted: Tue Feb 4, 2020 4:04pm

John56

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Posts: 2995

5634 helpful points

Location: La Zenia

Joined: 7 Jul 2016

Posted: Tue Feb 4, 2020 4:04pm

At least you have your Residencia but that is a right rip off by the Solicitor, put it behind you and enjoy life in Spain.

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