Spain Permanent Residency: Are There Drawbacks to Indefinite Renewal?

Question

Are there any negatives to staying a permanent resident forever in Spain? I hold a Spain Permanent Residency at the moment, is there a benefit in applying for Spanish citizenship?

Answers

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

“22 years as a resident without any problems. Can’t vote for anything but town hall, but aside from that there’s been no issue.”

“You have to keep paying and applying for your national passport. Have no say in the governance of the country.”

Spain Permanent Residency: Are There Drawbacks to Indefinite Renewal?

“There are no negatives providing you alter your mindset, think and behave like a Spaniard and you will fit right in!”

“42 years as a resident in Spain …. I really should take out Spanish nationality but I keep putting it off.”

“Spain taxes heavily on ALL worldwide assets. If all one has is a basic pension & no other assets (real estate, private retirement, investment accounts, etc.) then all is well. Look up Spanish wealth tax or impuesto patrimonio.”

“Anyone can pay into the Spanish health care system after their first year in Spain. It’s called Convenio Especial.”

“Minimal, mostly around voting.”

Conclusion

The feedback from residents indicates that there are minimal drawbacks to remaining a permanent resident in Spain indefinitely. Challenges include the inability to participate fully in national elections and the requirement to maintain a national passport. Adaptation to the local lifestyle and culture is beneficial.

Tax implications for worldwide assets can be considerable, so understanding fiscal responsibilities is crucial. Health care becomes accessible after the first year through the Convenio Especial program. Overall, the sentiment is that the benefits of residing in Spain outweigh the negatives, though some long-term residents contemplate naturalization.