Residence permit in Spain for financially independent people
Passive income from €2,800/month, with no work in Spain.
What Spain's residence permit for the financially independent is
Officially the permit is called residencia no lucrativa — “non-lucrative residence”. The name describes the substance: a person gets the right to live in Spain provided they support themselves and their family without any employed or professional activity.
The funds requirement is tied to IPREM — the Spanish income indicator, which the state revises. For the applicant the figure is 400% of IPREM a month, and a further 100% for each family member.
Renewal follows the same logic: you have to evidence sufficient funds for the whole new period and, again, no employed or professional activity.
How a residence permit differs from citizenship by investment
A residence permit is the right to live in a country lawfully for a limited period, with renewal. It gives no passport, no vote, and is almost always tied to its basis: once the basis is gone, the status is not renewed.
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For a person that means three things. The status has to be maintained: keep the investment, the income or the home, and file for renewal on time. The status can be lost — for breaching the conditions or for spending too long outside the country. And the status does not convert into citizenship automatically: the naturalisation clock runs separately, and some programmes do not count towards it at all.
In return, a residence permit costs several times less than citizenship by investment and opens up what people most often take it for: lawful residence, a bank account, healthcare, school for the children and travel around the Schengen area.
How the permit for the financially independent differs from the remote worker's permit
Non-lucrative residence
This option- You may not work, either in Spain or remotely
- The funds requirement is 400% of IPREM plus 100% for each family member
- Suits those living on investment income, a pension or savings
Remote worker's residence
- You may work — for companies outside Spain
- Up to 20% of your professional activity may be for a Spanish client
- The basis is Law 28/2022
The choice between them is decided by the source of the income, not the amount: if it is earned income, non-lucrative residence does not fit.
What to do if the income comes from shareholdings in companies
This is where applicants get turned away. If the funds come from shares or holdings in Spanish, mixed or foreign companies located in Spain, a certificate from the company itself is required, stating that the applicant carries out no employed activity in it.
A sworn statement from the applicant to the same effect is attached to the certificate. So owning a holding is allowed, but drawing earned income through it is not.
What the service includes
| NIE | |
| Filing | |
| Support throughout | |
| Tax residency— billed separately |
How the process runs
3–6 months- Шаг 1Считаем требуемую сумму: 400% IPREM на заявителя плюс 100% на каждого члена семьи.
- Шаг 2Проверяем источник дохода: он не должен быть трудовым или профессиональным.
- Шаг 3Если доход от долей в компаниях — получаем сертификат компании и готовим заявление под присягой.
- Шаг 4Оформляем медицинскую страховку и жильё, собираем справки.
- Шаг 5Подаём документы на визу в консульстве.
- Шаг 6Въезд и оформление карты резидента.
- Шаг 7Продление — с подтверждением средств на новый период.
What we need from you
- 1Passive income from €2,800/month
- 2Health insurance
Frequently asked questions
Can I work remotely on this residence permit?
How much money has to be evidenced?
Will income from my own company do?
What is needed for renewal?
Residence permit: other options
Compare terms in other countries and delivery formats.
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