Non-profit residence in Spain is an authorization that allows non-EU foreign persons to remain in Spain for a period exceeding 90 days without carrying out work or professional activity by demonstrating that they have sufficient financial means for themselves and, where appropriate, for family members.

Non-Lucrative residence in Spain

Emily Peyton is American and came to Echeverria Abogados because we speak English here and that way we would understand each other better, but also because of the recommendation of another client whom we had previously helped with a similar procedure, obtaining a great result.

Emily Peyton is from New York but, at the time of the procedure, she was living in London.

The challenge

We wanted to obtain a residence authorization to live in Spain, with funds available, that is, a residence authorization without the need to work.

At the time of the third renewal, a long-term residence can be requested, which is for an indefinite period, although the foreigner's identity card showing the type of residence must be renewed every 5 years (Arts. 51.7 and 150.1 of the Regulation of Foreigners).

The challenges presented to us were:

  • Emily Peyton did not live in her home country, USA, but in a different country, United Kingdom.
  • We had to obtain documents from both the United Kingdom and the United States, which were translated and legalized, in addition to complying with the requirements for this type of request.
  • Emily Peyton had bought a house in Spain, and we could not receive a “no” for an answer.
  • We had to keep in mind that they would ask us for an amount of money for the first year, but when they renewed, they would ask us twice as much.

How our service helped?

The non-profit Residence in Spain is an administrative procedure that is within the Spanish immigration law, articles 45 to 49 of Royal Decree 557 of 2011, which allow the Government of Spain to request authorization to reside in the country without carrying out activity Labor none.

Applicants must have 400% of IPREM (Public Indicator of Multiple Effects Income) which is a benchmark, used in Spain, for the granting of subsidies or unemployment benefits.

In the case of Emily Peyton, we wanted to apply for a non-profit residence in Spanish territory by demonstrating that you have financial resources in excess of 400% of the IPREM in your bank account.

Currently and for the whole year 2022 the IPREM is 579.02 € per month, which would correspond to 27,792.96 euros per year or a similar amount in currencies convertible into euros, title deeds, certified cheques or credit cards.

The fundamental points of our work of accompaniment and integral advice were:

  • Demonstration of the economic means to reside in Spain. 
  • Manage insurance policy with a Spanish company, with annual duration, without deficiencies, or co-payments and include all specialties in Spanish public health.

Results obtained

There was very good communication with the Consulate of Spain in London and this led to Emily Peyton going there with all the documentation in order, and without being asked for more documents during the process. Within a week, Emily Peyton obtained her visa and traveled to Spain to process her residence card.

Emily Peyton has used other services from our office, such as: assistance in the purchase of her home, assistance in communicating with the Administrator of her home to inform you of the new owner, assistance with the rental contract you make to a tenant of your housing, among other services.

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