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Local Spain
03-06-2025
- Business
- Local Spain
What are the rules for unmarried couples applying for Spain's non-lucrative visa?
The non-lucrative visa or NLV is a residency authorisation that allows non-EU foreigners to live in Spain without working or carrying out professional activities, by demonstrating that they have sufficient financial means for themselves and their family members. It's one of the most popular residency options for non-EU citizens to be able to live in Spain, particularly for retirees who can use their pensions as financial proof. The visa is valid for one year but can be renewed for a further two years after that. To be eligible you need private health insurance, a clear criminal record and finances to support yourself from passive income such as rent from abroad, pensions or savings. The visa allows you to bring family members with you providing you have the financial means to support them. This means 400 percent of the IPREM for you, plus 100 percent of the IPREM for each family member. In 2025, this equals a minimum of €2,400 per month, plus an extra €600 per month for each family member you bring with you. If you're thinking about bringing family, it's important to understand exactly what the Spanish authorities define family members as being for the purpose of this visa. For example, do they allow unmarried couples to apply together? The simple answer is yes, you can apply as a couple if you're married or if you're unmarried. The immigration regulations state that they will consider 'a stable partner, who is not registered as married in any public registry'. They do however, have one main requirement, which is that you must "prove cohabitation of at least one year" prior to your application. This means that you will be required to show documents with both of your names registered at the same address dating back at least one year. What proof can I provide? If you're married you can obviously provide your marriage certificate as proof of your relationship, but if not here's what you may need to show: Rental contracts Property deeds A joint bank account Utility bills in both of your names Be aware that you may be need to provide proof of all of these, depending on the consulate you apply from and your situation. If you have children together, however, the regulation states that you only have to prove cohabitation, without a minimum period of time. This could be proven with birth certificates with both you and your partners names on. In practice, it can be slightly trickier than this to apply as an unmarried couple, and it seems to completely depend on which country and even which consulate you're applying from. Members of the Spanish NLV Facebook page seem to suggest that applying from UK consulates is a lot easier than applying from US consulates, for example. One member said 'Myself and my partner successfully applied jointly and aren't married. We went through Manchester. They wanted to see proof of address from both of us, bank statements, utility bills that showed that we already lived together'. Another member applying from the US though said 'Miami rejected a common law marriage document that I had clients try to use, and they were told only registered Spanish unmarried partnerships count'. On the other hand, the Spanish Consulate in New York seems to allow unmarried couples to apply stating on its website - 'Documents constituting proof of family relationship with the applicant accrediting financial means: birth or marriage certificates issued by the civil registry, certificate of registration as an unmarried couple or any other document substantiating an unmarried partnership with the applicant'. Your best option is to contact the consulate in advance and ask them what type of proof they need if you're not married. This way you can be organised and get all the paperwork in advance. You may want to also contact other applicants who applied from the same consulate as you and see what documents they had to show. Those with children together though had an even easier time with less documentation to prove. As mentioned this can usually be proven via birth certificates. What if I'm in a same sex partnership? The good news is that Spain fully recognises same-sex marriages and civil partnerships for residency and visa purposes. Even if you are not married, according to law firm Abogado Extranjería Madrid, you can still prove a relationship through evidence such as shared financial commitments and testimonies. In this way, under Spanish law, you'll be treated the same as any other heterosexual couples. Other family members that count for the NLV are minor sons or daughters who are not married or who have not formed their own family unit, or those of the applicant or their spouse, registered partner, or stable partner. Adult sons or daughters of the applicant or their spouse, registered partner, or stable partner can also be included provided they have a disability that requires support or are proven to be dependent due to their health condition.
Yahoo
13-05-2025
- Business
- Yahoo
The Minimum Income You Need To Relocate to These 5 Expat-Friendly Countries This Year
The thought of packing up and moving to another country is tempting for many, but not all countries are the same in terms of welcoming expats. Some countries have very stringent requirements about who can move there, while others just require that you are able to support yourself and, if applicable, your family. In some cases, you'll need to show that you have enough money or income to do so without working, as many countries have strict requirements about hiring expats over citizens. Read Next: Explore More: So how much does it cost to relocate to another country? Here's what you need to know about relocating to these five countries. Moving to Spain interviewed Americans who are living in Spain, and many of them reported Spain to be welcoming to U.S. expats. To live in Spain without working, you'll need a non-lucrative visa. A spouse, children and other related household members can also apply on the same visa application. To apply, you need to show that you have enough money or income to reside for at least the first year. You will need to show that you have 400% of Spain's Public Multiple Effects Income Indicator, or IPREM, for a single person, and an additional 100% for each additional person on the application. In 2025, the IPREM is about $32,000 for a single person. An additional $8,000 per year would be required for a spouse and for each dependent. Find Out: According to Forbes, Portugal has seen an influx of American expats, increasing 239% from 2017 to 2022. The country is safe and inexpensive, and the locals are friendly, Forbes reported. One popular way to live in Portugal as an expat is on a D7 visa. This visa allows those with stable non-work income, such as pensions or investments in real estate, intellectual property or trusts, to live in Portugal. To qualify, you must be able to show that you make at least Portugal's minimum wage of 870 euros in passive income per month, according to Global Citizens Solutions. That comes out to nearly $1,000 in U.S. dollars. You must also provide Portuguese bank statements with a minimum balance equal to one year's minimum wage, per Global Citizens Solutions. According to International Living, Costa Rica is a top destination for expats, as it provides a nice climate, a welcoming culture and an affordable cost of living. As Forbes reported, there are multiple avenues you can take to get a visa in Costa Rica — all of which have different income or financial requirements. Retirees can get a Pensionado residency visa if they can show at least $1,000 per month in retirement income, such as a pension or an annuity. Those who are not yet retired can apply for a Rentista visa if they can show a monthly transfer of at least $2,500 into a Costa Rican bank for two years, or if they deposit $60,000 into a Costa Rican bank and withdraw $2,500 per month. A third option is the Inversionista visa, which you are eligible for if you have at least a $150,000 investment in a Costa Rican business, real estate, stocks or bonds. International Living reported that Mexico is a top spot for North American expats, and there are a lot of communities in Mexico to choose from. You can get a temporary resident visa in Mexico, which allows you to stay up to four years, if you can show that you have a bank account that has had a monthly ending balance for the last 12 months of nearly $75,000 in U.S. dollars. The amount required is based on 5,000 days of the Mexico City minimum wage. Alternatively, you can show that you have had a salary or pension of about $4,400 per month (300 days of the minimum wage) after taxes for the previous six months. For a spouse or dependent parent or child, you must be able to show an additional $1,500 (approximately) per month per person. As William Russell reported, Singapore is a 'city of expats,' with 29% of its population consisting of expats. If you plan to work in Singapore, you will need a work visa. There are a few different types, so choose the one that's right for your situation. If you have a job in Singapore at which you meet the salary requirements (between $5,000 and $10,500 per month based on age), you can apply for an Employment Pass. Higher-income earners (those earning at least $22,500 per month) can apply for a Personalised Employment Pass. If you plan to start and operate a venture-backed business in Singapore, you can apply for an EntrePass. If you are considered 'top talent' in academia, research, business, arts, culture or sports, you may qualify for an Overseas Networks & Expertise Pass. There are several options for skilled workers earning at least $3,150 per month (S Pass), and for migrant workers, domestic workers, nannies and performing artists (Work Permit). Trainees and students can also get work permits or passes. More From GOBankingRates 5 Luxury Cars That Will Have Massive Price Drops in Spring 2025 4 Things You Should Do if You Want To Retire Early 6 Hybrid Vehicles To Stay Away From in Retirement How Far $750K Plus Social Security Goes in Retirement in Every US Region Sources Moving to Spain, 'Living in Spain as an American Expat >> Spain Compared to the US' Forbes, '7 Things Expats Wish They Knew Before Moving To Portugal.' Global Citizen Solutions, 'Portugal D7 Visa: The Complete Guide for 2025.' International Living, 'Live in Costa Rica: Full Guide on Living in Costa Rica in 2025.' Forbes, 'Moving To Costa Rica: A Guide For North American Retirees.' International Living, 'The Best Expat Communities to Live in Mexico as a U.S. Citizen in 2025.' William Russell, 'Expat Guide To Moving And Living In Singapore.' This article originally appeared on The Minimum Income You Need To Relocate to These 5 Expat-Friendly Countries This Year Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Local Spain
14-02-2025
- Business
- Local Spain
Will the financial requirements for Spain's non-lucrative visa change in 2025?
The non-lucrative visa (NLV) is one of the main visas non-EU nationals use to reside in Spain. It's often referred to as the retirement visa, as you're not allowed to work if you have it and have to prove you have sufficient financial means to take care of yourself through passive income or savings. How much money you have to prove you have for the NLV is based on the IPREM. This is an index or threshold for government aid, whether it be unemployment, disability grants, school grants, certain subsidies for the purchase or rental of housing, legal aid, or energy subsidies. The IPREM in 2024 was €600 per month, €7,200 per year. NLV holders have to prove they have 400 percent of the annual IPREM for the first year, which amounts to €28,800. For every family member included in the residency application, it's an extra 100 percent of the IPREM, which is an extra €7,200 for the year. This means that a couple will need to prove savings or passive income of €36,000. When it comes to renewing the NLV for two years rather than the initial one, you have to double those amounts. That was the NLV's financial threshold in 2024, so how about in 2025? As things stand, the financial requirement for Spain's non-lucrative visa is the same in 2025 as it was in 2024. That's because the IPREM is only updated through Spain's General State Budget Law, and for that to happen the Spanish government has to get it through Congress. So will Prime Minister Pedro Sánchez get the new Presupuestos Generales (State Budget) approved for 2025 and with it a possible change to the IPREM and the financial requirements for the NLV? It seems unlikely but it can't be ruled out. Given the ruling Socialists' weak parliamentary position and their poor track record of passing new laws despite remaining in power, there's a high chance that the IPREM will stay the same this year. In fact, at the end of December 2024 the Spanish Cabinet approved the extension of the 2023 State Budget for a second year in a row, meaning that for now the same applies for 2025. That's not to say that it can't happen, but the Spanish premier would have to convince Catalan parties Junts and ERC to get the new State Budget voted in. For PSOE's junior coalition party Sumar, if there's no progress made by spring, it'll be too late for the State Budget to be updated in 2025. Politics aside, it's worth noting that the IPREM hasn't been updated that often since it was created in 2004, and has only increased by 30 percent since then. There were slight increases to it in 2021 and 2022, but not since, hence why the financial requirement for the NLV isn't increasing every year as is the case with the financial threshold for the digital nomad visa, which is tied to the minimum wage (SMI), and this is going up far more often. So to sum up, it seems very likely that non-lucrative visa applicants and those renewing it in 2025 will not see an increase in the visa's financial threshold.
Local Spain
14-02-2025
- Health
- Local Spain
Is there an age limit for Spain's non-lucrative visa?
Spain's non-lucrative visa or NLV is a popular choice for retirees who want to move to Spain as you're not allow you work and you have to prove you have sufficient savings or passive income such as a pension. It's available to non-EU citizens and is granted for one year. If you have enough passive income or savings, you can extend it for a further two years and then another two years after that until you're eligible for long term residency after five years. As so many pensioners use this visa to be able to retire here, people may question as to whether there's an upper age limit to apply for it or not. The Spanish government states that in order to be granted the non-lucrative visa you need to meet the following requirements. Not be a citizen of a State of the European Union, the European Economic Area or Switzerland, or a family member of citizens of these countries to whom the Union citizen regime applies. Not be in Spain illegally. Have no criminal record in Spain or in the countries where you have resided during the last five years. Not being prohibited from entering Spain or any other countries with which Spain has signed an agreement in this regard. Have the necessary financial means to cover the expenses of stay and return and, where appropriate, those of their family members. This is 400 percent of the IPREM which equals €28,800 for the year. For every family member included in the residency application, it's an extra 100 percent of the IPREM, which is an extra €7,200 for the year. Have public or private health insurance in Spain. Not suffer from any of the diseases that may have serious public health repercussions in accordance with the provisions of the International Health Regulations of 2005. It does not mention any upper age limit at all, so in that regard, Spain will not deny you the visa because you are over a certain age. The problem may come, however, with regards to health insurance, as this is one of the main requirements for being granted the visa. According to Caser Insurance, 'It is typical in Spain to have an age limit for health insurance, typically between 65 and 75 years'. MyInsuranceSpain corroborates this by saying that while "there is no upper age limit, but some companies will stop offering comprehensive health cover to new applicants between ages 65-75'. And insurance broker Inovexpat states: 'In Spain, most insurance companies set a subscription age limit of 65. However, the insurance policies taken out have no specific age limit and are maintained throughout the life of the insured'. So while there is no specific set limit for all private insurance companies, you may find it difficult if you are a new applicant and are over the age of 65. You may also find it very difficult to get insurance if you have any pre-existing conditions because companies may not cover for these issues and you may be denied the visa if you don't have comprehensive cover. There are, however, some companies that can offer options if you are nearing 75 and over. According to Inovexpats, DKV Seguros and Sanitas provide insurance for those up to age 75 and ADESLAS offers a seniors' product with an upper age limit of 84. Therefore, while it may be more difficult for you to find insurance companies to cover you the older you get, it may still be possible if you can afford it. Another option, if you have already been in Spain for one year is to get private insurance for that one year and then switch over to the convenio especial. This translates to 'special agreement' and allows foreigners in Spain to pay a monthly sum into the country's public health system to have access to it, even if you don't pay into Spain's social security system through work or a pension. If you do this then you will meet the conditions to be able to renew your NLV, even if you are denied coverage in the private health sector. Being on the convenio especial means you will be fully covered by the public system, even if you have pre-existing conditions. It costs €60 per month for the under 65s, and €157 for those aged 65 and above.
