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My husband and I are going to apply for residency at the end of the year we both under pension age we will not be looking for jobs we have been told we must have €30000 between us does this need to be in our Spanish bank account or does anybody know different
Mcvmm21 wrote on Sun Jan 16, 2022 6:57pm:
My husband and I are going to apply for residency at the end of the year we both under pension age we will not be looking for jobs we have been told we must have €30000 between us does this need to be in our Spanish bank account or does anybody know different
Hi,
If you are a UK passport holder.......
Firstly if you want to live in Spain permanently you will need to apply for a visa (NLV) and prove that you have an income of, for the first person, €27,792.96 per annum plus €6,948.24 for any additional person, per annum. So for a couple you would need €34,741.20 per annum or savings plus earnings to the same value.
You will both need full private healthcare paid for a full year. There will be a couple of other documents to submit but easily done.
Steve
Posted: Sun Jan 16, 2022 7:20pm
tebo53 wrote on Sun Jan 16, 2022 7:10pm:
Hi,
If you are a UK passport holder.......
Read more...
Firstly if you want to live in Spain permanently you will need to apply for a visa (NLV) and prove that you have an income of, for the first person, €27,792.96 per annum plus €6,948.24 for any additional person, per annum. So for a couple you would need €34,741.20 per annum or savings plus earnings to the same value.
You will both need full private healthcare paid for a full year. There will be a couple of other documents to submit but easily done.
Steve
Thank you for your reply
I think Steve might be having an off day as he's normally more exacting with his posts!
A couple of things:
"Earnings" is an unfortunate choice of wording as it suggests that income from work is acceptable but of course by its very name the NLV expressly excludes any form of work therefore you cannot put forward a salary as income.
Also the rules on income are individual to each case but in principle it needs to be from secure or reliable sources such as pensions and investments etc. although substantial savings may be included.
Somewhat bizarrely it's said that available balances on credit cards may be taken into account!
Finally the "plus" in saying "for a couple you would need €34,741.20 per annum or savings PLUS earnings to the same value" could be read to mean double €34,741.20 which of course is not the case and in any case, as already stated, earnings from work or salaries are not acceptable sources.
Darro wrote on Sun Jan 16, 2022 8:45pm:
I think Steve might be having an off day as he's normally more exacting with his posts!
A couple of things:
Read more...
"Earnings" is an unfortunate choice of wording as it suggests that income from work is acceptable but of course by its very name the NLV expressly excludes any form of work therefore you cannot put forward a salary as income.
Also the rules on income are individual to each case but in principle it needs to be from secure or reliable sources such as pensions and investments etc. although substantial savings may be included.
Somewhat bizarrely it's said that available balances on credit cards may be taken into account!
Finally the "plus" in saying "for a couple you would need €34,741.20 per annum or savings PLUS earnings to the same value" could be read to mean double €34,741.20 which of course is not the case and in any case, as already stated, earnings from work or salaries are not acceptable sources.
Darro, who mentioned anything about "earnings" I said "income" in my post which could be from a variety of sources and not have to be earned as such.
Steve
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