How do I get residence in Spain?

How do you qualify for residency in Spain?

The residence permit is usually issued for a period of 2 years, renewable, provided that you still meet the economic requirements and you have lived at least 183 days in Spain each year. After 5 years of holding the temporary residence permit, you will be eligible for permanent residency.

Is it easy to get residency in Spain?

Many of the residency permit application procedures can be tough: a lot of documents and requirements. In order to solve this situation, the Golden Visa was created. You just need to invest 500.000€ in Spanish real estate and you will easily get your residency.

How much money do you need to get residency in Spain?

Main Applicant - The main visa applicant will need to prove an income of 400% of the Spanish IPREM (Indicador Público de Renta de Efectos Múltiples), which in 2022 equates to €579,02. This means you will need to have an income of at least €2,316,08 per month or its legal equivalent in foreign currency.

Can I get residency in Spain if I buy a house?

Yes, you can get residency in Spain after buying a house, and that is thanks to the golden visa scheme. Since 2013, non-EU citizens who purchase a property in the Spanish territory can get a 2-year residence permit (that can be renewed) as long as the property investment is at least € 500.000.

✅ How to Enter Spain with a Tourist Visa and Get the Residency

How long can I stay in Spain if I own a property?

At present you can only spend up to 90 days in Spain, then you must leave the country. You will then not be able to return to the Schengen Area until 180 days have passed since your date of entry into Spain (or elsewhere in the Schengen Area).

How long can you live in Spain without residency?

How long can I stay in Spain without becoming a resident? You can stay in Spain for a maximum of 183 days per year (6 months) in order to not become a resident. If you spend an extra day (184 days and onwards), you will be regarded as a resident, hence paying resident taxes in the country.

What are the pitfalls of retiring to Spain?

How do I become a resident of Spain in 2021?

Individuals can obtain permanent residency in Spain after having legally lived in the country for a period of five uninterrupted years. When they fulfill this specific condition, they can apply for permanent residency and then gain the right to live for the rest of their lives in the country.

Can Brits retire to Spain after Brexit?

The answer is simple: yes. It is still possible to retire to Spain after Brexit, even though the path has now changed (things are not that simple now that Brits are subject to the same immigration rules as non-EU citizens).

Can I live permanently in Spain?

Moving permanently to Spain after Brexit

If you are one of them and you have been living in Spain lawfully for at least five years, you will be able to apply for indefinite permission to reside there, in Spanish “permiso de residencia de larga duración”.

How much income do I need to retire in Spain?

Retirement in Spain also tends to be fairly low cost. You can retire comfortably on about $2,000-2,200 a month, about $25,000-27,000 a year. If you choose to live a bit further away from the big cities, you can retire at approximately $1,700-1,900 a month, which is about $20,000-22,000 annually.

How can I retire to Spain?

A long-stay visa allows you to work, study, retire or live in the country for an indefinite amount of time. You'll need to live in Spain at least six months out of the year to maintain your visa. You must also renew the visa annually.

Can Brits still get residency in Spain?

Since the beginning of 2021, things have drastically changed for UK citizens wishing to move to Spain. An immigration procedure that before just lasted a few days now requires months and tedious requirements. Nevertheless, options still exist, and British citizens can still get their residency visas in the country.

Can Brits get residency in Spain?

U.K. nationals not currently living in Spain must apply for a residency permit. These can be granted for study, work, business (for those looking to start a company in Spain), as a non-lucrative (non-working) visa, as a family member of an EU national, or a golden visa for those investing €500,000 in Spain.

Is it too late to get Spanish residency?

Anyone who established legal residence in Spain before the end of the year retains the right to remain resident in Spain and can apply for permanent residence after five years. The agreement states that although you need to be resident in Spain by 31^st December, you have until 30^th June 2021 to apply for residence.

How much tax will I pay on my pension in Spain?

Investment interest and dividends are taxed at 19%, although are typically lower through double taxation agreements. Interest tax is exempt for EU citizens. Royalties are taxed at 24%. Pensions are taxed at progressive rates, from 8% to 40%.

Do you pay council tax in Spain?

IBI is a local charge in Spain that is similar to council tax in the UK. The letters I.B.I. stand for Impuesto sobre Bienes Inmuebles, literally an immovable property tax. Depending upon where in Spain your property is located you can expect to pay this expense either once or twice per year.

Can I transfer my UK state pension to Spain?

Residents of Spain can take advantage of the Qualifying Recognised Overseas Pension Scheme (QROPS), by taking their UK pensions in Spain or transferring their pensions to another jurisdiction that protects them from UK tax obligations.

What happens if you stay over 90 days in Spain?

If you leave Spain, you may be registered as having overstayed the 90-day period by Spanish immigration. This could make it difficult for you to return and/or mean you have to pay a fine. In the worst-case scenario, you could face deportation and/or a ban from the Schengen area.

What are the benefits of having Spanish residency?

What happens if you own a property in Spain after Brexit?

Can I buy a house in Spain after Brexit? Foreigners can buy a property in Spain regardless of their nationality. British buyers should not face added difficulties buying a house in Spain after the UK leaves the EU. Spanish law regarding the purchase of property does not differentiate between EU and non-EU citizens.

Do expats get free healthcare in Spain?

As an expat, you can get free state healthcare if you are: A resident in Spain and work in employment or self-employment and pay social security contributions. Living in Spain and receiving certain state benefits.

What are the disadvantages of living in Spain?

Can I live in Spain after Brexit?

Can I continue living in Spain after Brexit? Any UK citizens already living in EU countries prior to 1 January 2021 are allowed to remain living there as part of the European Union Withdrawal Act.