A Non-Lucrative Visa in Spain is a great opportunity for foreign nationals looking to relocate and live in the country for a long time. This type of visa is ideal for those who are able to financially support themselves and their family without working in Spain. It grants the legal right to reside in the country, maintaining the ability to move freely within the Schengen area and allowing you to enjoy all the benefits of living in Spain.
A residence permit without the right to work can be obtained by foreigners who are able to demonstrate their financial independence and submit the relevant documents. The main requirements for obtaining this type of residence permit include:
1. Financial solvency: The applicant must prove that they have a stable income or savings to live in Spain.
2. Health Insurance: A prerequisite is to have private health insurance that covers all the necessary medical expenses in the country.
3. Housing conditions in Spain: The applicant must prove the availability of housing, whether rented or owned.
4. No Criminal Record: A police clearance certificate from the country of residence for the last five years is required.
This residence permit does not provide a permit to work in Spain, but it can serve as a way for long-term residence and subsequent registration of permanent residence (permanent residence).
The initial residence permit without the right to work is issued for a period of one year, after which it can be extended for two years if all conditions are met. After five years, you have the opportunity to apply for permanent residence (permanent residence). The application can be submitted through the Spanish consulate in your country of residence or in Spanish territory.
The extension of a residence permit is subject to compliance with all the initial requirements, including the availability of sufficient financial resources and health insurance.