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
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
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.
Read more...
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.
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.
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
Posted: Tue Oct 8, 2019 4:55am
Legendary helpful member
The official requirements, pre-Brexit, are here:
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.
Advertisement - posts continue below
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
Posted: Tue Feb 4, 2020 3:56pm
Legendary helpful member
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.
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.
Read more...
Painful process and cost of 709€ using a lawyer.
Best to all....john
OMG how many people was that for.
Posted: Tue Feb 4, 2020 4:01pm
Just 2
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.
Find more Padron, residencia and passport advice topics from a particular area:
Or view all Padron, residencia and passport advice topics in all of Costa Blanca.
We use cookies and other tracking technologies to improve your browsing experience on our website, to show you personalised content and targeted ads, to analyse our website traffic, and to understand where our visitors are coming from. Visit our Privacy Policy to learn how we and our partners collect and use data and how to change your settings.