What are the requirements for meeting the income threshold for a non lucrative Spain visa, and how can you provide the necessary proof? (Australian consulates)

Question about the non lucrative Spain visa

I am wondering if anyone can tell me what can be considered to meet the income threshold for the non lucrative Spain visa as I am very close to it but I am not sure if I qualify. I have about 42,000 euros in passive income from property last year, 7,000 euros in savings and last yer I earned about 14,000 euros from freelancing for an Australian company.

I read somewhere that you shouldn’t mention working remote though for a non-Spanish company as this is a grey zone and is the cause of rejections? Also, importantly, the Australian financial/tax year is July – June so my most recent tax return is for financials up until end of June last year. Do you think they want to see the tax return or the proof of income January to December OR is it proof of income for the year preceding the application?

Answers

These are the answers of Spainguru’s Facebook group members:

“Passive income is all you need. Seems enough. Applying for the non lucrative Spain visa in Australia will be easier than you think”

“I think it would be enough for the first year but you would need more than that, somewhere around €60,000 for a renewal after one. The renewal is for two years, so you have to show twice as much income.”

“Non lucrative Spain visa Renewal: If it’s monthly income then you need to show the one year qualifiers. The double money is only for cash in bank option. Your initial visa is good for one year. At your one year renewal you’ll need to show double the required savings, or a steady stream of passive income that equals that amount, or a combination of both passive income and savings showing that you meet the requirements. You need double the initial amount because when you renew at the one and three year mark, those renewals are good for two years. You can apply after five years for permanent residency and no income statement is required.”

“What happens if you don’t have 60k for year year 2 and three? you would have to leave the country if you don’t meet the minimum financial requirements for the visa at renewal. The income requirements change some every year because it’s basically 4 times the Spanish minimum wage. Check the IPREM Index here.”

“The UK and Spanish tax years are also different so I don’t think that will be your main problem. As the other people have said it’s the fact you are not allowed to work that is the issue. Id get some expert advice if I were you.”

“The real situation is that you CAN work remotely for non-Spanish companies under a non lucrative Spain visa. This has been ruled by the Spanish Supreme Court back in 2012, even if Spanish consulates abroad apply a hard interpretation of the rule and somehow disregard that Supreme court decision. Therefore, it is not advisable to mention it when you apply for the Visa at the consulate, however there are thousands of people who do it without any problems. As you probably know,recently came out a new type of Visa called digital Nomad Visa that you can also apply for in order to work remotely from Spain. If you want to read a more detailed article on the matter and read the Supreme Court’s decision check out this. Check our article Is it possible to work remotely on a non-lucrative visa in Spain in 2023?

In case you need, here is a list of the Spanish consulates located in Australia:

  1. Consulate General of Spain in Sydney Address: Level 24, St Martins Tower, 31 Market Street, Sydney, NSW 2000 Phone: +61 2 9264 9755 Email: cog.sydney@maec.es
  2. Honorary Consulate of Spain in Brisbane Address: Level 6, 140 Creek Street, Brisbane QLD 4000 Phone: +61 7 3181 4411 Email: info@spainconsulate.com.au
  3. Honorary Consulate of Spain in Melbourne Address: Level 1, Suite 2, 141 Osborne Street, South Yarra, Victoria 3141 Phone: +61 3 9866 5830 Email: spanishconsulate.melbourne@gmail.com

Please note that the information provided may be subject to change, so it’s always best to double-check with the consulate directly before visiting.

In conclusion, according to Spainguru’s Facebook group members, the path to obtaining and renewing a non lucrative Spain visa hinges on meeting specific financial requirements. The insights shared by these members shed light on the importance of passive income, the potential need for higher income thresholds during renewals, and the intricate details surrounding financial documentation. While the question of working remotely for non-Spanish companies under this visa remains a topic of debate, it’s evident that expert advice may be crucial in navigating this complex process successfully. Moreover, the distinction between different tax years and the evolving income requirements further underscore the need for careful planning and consideration. As individuals explore the possibilities of relocating to Spain, they should consult the Spanish consulates (in this case, Australia) and stay informed about the latest regulations and guidelines to ensure a smooth visa application process.