Residence permit - No lucrativa: what you need to know

 

Do you dream of living in Spain and have sufficient financial resources? Then it makes sense for you to apply for a residence permit No lucrativa. This permit is one of the most sought after by foreigners who want to start a new life in Spain alone or with their family.

 

What you need to renew your permit, read below:

• work remotely;
• have dividends from the activities of an enterprise;
• receive income from real estate;
• have sufficient funds in the account to cover the first year of residence, and subsequently want to work in Spain.

 

Initially, the residence permit No lucrativa is submitted at the place of residence requested at the Consulate of Spain. Document requirements may vary by country

 Did you get permission? Congratulations, you can now officially live in sunny Spain! Its effect starts from the date of entry into the country.

 

But the tale ends sooner or later. In our case, after 1 year, since the original No lucrativa permit is issued for this period.

 

What you need to renew your permit, read below:

• a valid residence permit
• completed form EX-01
• a full copy of a foreign passport valid for at least a year
• no criminal record in Spain
• sufficient financial resources to cover living expenses in Spain in accordance with the minimum amounts

400% IPREM monthly and 100% for each family member.

• public or private Spanish insurance

 

The deadline for submission is 60 days before the expiration and 90 days after the end of the non-work permit. The term of consideration is 30 months from the date of submission. With a positive decision, you become the owner of an extended residence for 2 years.

 

You can apply for an extension in person or through a representative office in Spain. There is a third, more convenient and faster option - submitting through the docsinside.com online platform. Visit our website for more information