What is Spain’s Non-Lucrative Visa?
The NLV (Non-Lucrative Visa) is the most popular ‘first-step’ visa for Britons moving to Spain, especially those taking a pause in their career, considering early retirement, or those who really have had enough of any kind of work.
But are you confused about whether this visa might be for you? We cut through the confusion and pull out the key points.
1. It’s for those not currently working
This means it suits retirees, those taking a sabbatical or seeking a change in direction.
2. It can be used as a stepping stone
It can be used as a year-one stepping stone to another type of visa once you are living in Spain.
3. Financial resources are required
Financial resources are required, but the €28,800 per year (or €35,000 per couple) can be a mix of savings, rental income, pension income, dividends etc.
4. The visa lasts for one year
The visa lasts for one year, allowing you, upon entry to Spain, an initial temporary residence permit for a year. You then either renew for two years or change to a self-employment visa, should you wish.
5. Healthcare cover is required
Healthcare cover is required, but those over UK state pension age can save thousands by applying for the S1 Certificate to access Spanish healthcare.
6. Use a Spanish insurer
If getting private healthcare cover, make sure it is from a Spanish insurer.
7. Be prepared to show proof
Be aware that you will be asked to prove you are not working, such as by showing the P45 from a job that you have ended.
8. Start planning early
Apply from the UK and start planning at least six months before moving so you can get your documents ready.
9. Timing matters for taxes
There are Spanish tax implications if you sell your UK home after you have moved to Spain – seek advice on timing to save money.
10. Expert help can save stress
Use an expert to avoid any mistakes in documents and delays – it really is worth the money and peace of mind. Find an expert here.
Planning a move to Spain?
From visas and healthcare to taxes and property searches, planning ahead can make your relocation much smoother.
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🌍 Find out more about moving to Spain and the NLV
