Non-Lucrative Visa (NLV) / Passive Income Visa for Spain
The Non-Lucrative Visa (NLV) allows non-EU citizens and their families to live in Spain. It is ideal for those with a stable income in their native country, sufficient funds, retirees, individuals seeking easier travel within the EU, and those wanting to provide a high standard of living for their families in Spain. What is it? A residency permit initially granted for one year, renewable. Who is it for? Individuals with a stable income and sufficient funds. Retirees. People seeking easier EU travel. Those aiming for a high standard of living in Spain. Individuals interested in economic activities in Spain, such as buying property, starting a business, or finding employment. Key Features: Initial Permit: One-year residency, renewable. Eligibility: Requires €30,000 in financial capacity, clean criminal record, medical fitness and insurance, proof of accommodation, and registration in Spain. Family Inclusion: Family members (spouse and children up to 21 years) can join on a family ties permit, with access to education and healthcare. Path to Permanent Residency: Apply for Permanent Residency after 5 years and for citizenship after an additional 5 years with PR. No Initial Investment: No upfront investment required. Flexible Living Options: Decide your long-term plans while legally residing in Spain. Key Benefits: Legally live in Spain and travel freely within the Schengen countries. Apply for Permanent Residency after 5 years, and for citizenship after an additional 5 years with PR. Family members can apply for resident permits based on family ties. Children will have access to education and medical care. Temporary resident status provides advantages in obtaining loans, including mortgages. Opportunity to start a business, buy property, or find employment and switch to a work permit. Investment in Spain will be more accessible. Access to Spanish courses or university programs with the option to switch to a student permit. What can you do with this Visa? Open and develop your business. Buy an existing business (starting from €20,000). Find employment and switch to a work permit. Apply for university or Spanish courses and switch to a student permit. Continue living with the NLV permit and apply for Permanent Residency in 5 years. What can you not do with this Visa? Work as a hired employee for someone else. Main Requirements: Financial capacity (€30,000 in a bank account). Ability to demonstrate non-movable assets or passive income. Clean criminal record, medical fitness, and private medical insurance. Proof of accommodation and registration in Spain. Why Choose the NLV? No Initial Investment Required: Unlike other visa types, no upfront investment is necessary. Flexible Living Options: Decide your long-term plans while legally residing in Spain. Family Benefits: Family members can obtain permits and access education and healthcare. Application Support: The application process can be complex, and professional guidance can help avoid common mistakes such as incorrect documentation, wrong type of medical insurance, improper accommodation proof, and insufficient financial proof. We offer assistance with document translation, application preparation, coordination with the embassy, and finalizing the process in Spain. Find out more about digital nomad visa job seekers visa and Entrepreneur Visa to Spain. For more information or a free 15-minute consultation, contact us at: info@apply2migrate.com