How Much Money Do You Need in the Bank to Get Residency in Spain?
Learn the financial requirements for obtaining Spanish residency, including the non-lucrative visa minimum bank balance needed per year and per family member.
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To obtain residency in Spain, for non-lucrative visa applicants, you generally need to show financial resources of about €25,000 per year, plus an additional €6,500 per each family member. This amount should be demonstrated through bank statements and other financial documents to ensure you can cover living expenses without working in Spain.
FAQs & Answers
- What is the minimum amount of money required for a non-lucrative visa in Spain? You need to show at least €25,000 per year to qualify for a non-lucrative visa in Spain, plus around €6,500 for each additional family member.
- Can I work in Spain if I have a non-lucrative visa? No, the non-lucrative visa does not allow employment in Spain; applicants must demonstrate sufficient financial means to support themselves without working.
- What documents prove financial resources for Spanish residency? Bank statements and other official financial documents showing available funds are required to demonstrate financial means for residency.