Non lucrative visa
750 - 850 $ without housing rent
up to 4 months overall
About NLV.
✅ Non-EU citizens who possess enough financial resources to support themselves without taking up any work or professional activities can apply for the non-lucrative residence visa in Spain.
✅ This visa is among the most straightforward paths to achieving permanent residency in Spain, given that one satisfies the income and savings requirements. Additionally, the visa allows for family members to accompany the applicant.
✅ This authorization will permit you to stay in Spain for a year from the time you enter its territory. It serves as an initial residence permit. Then, you will be able to renew it every 2 years (that is the length of the renewal), until you get the permanent residency (after 5 years in the country).
In 2023, you need to have 28000 € (IPREM x 400%) for one-year stay.
For each dependent (spouse or child) you need to show that you have additionally 7000 € (IPREM x 100%) for a one year stay.
You are not allowed to search for a job in Spain.
If you have school-aged children, they have to study at private schools, they can't study in public schools.
If you live in Los Angeles, USA, you are not allowed to have a mortgage.
-Only passive income.