Question
“Could someone help clarify the income requirements for my Spain Non Lucrative visa application? My wife and I are on sabbatical and moving with two children for the year.
As I understand it, I need to prove €28,000 for the year and €7200 for each additional family member. So it would be €49600, correct? BLS just told me I needed €2600 per month per family member. And that doesn’t seem accurate according to their website.”
Answers
These are the answers of Spainguru’s Facebook group members:
“To meet the financial requirements, the primary applicant must have an annual income of at least €28,800 (4 times the IPREM), and each dependent must have an annual income of €7,200 (1 times the IPREM). The IPREM figure for 2024 is €7,200 per year or €600 per month.”
“Yeah just 7200*(4+1+1+1)”
“You are correct although most lawyers or gestores will always recommend more since it gives UGE reassurance of financial means, but this is correct. I’ve had clients who also presented credit cards and even an open HELOC and they were approved.”
Conclusion
The community discussion clarifies that the income requirement for the Spain Non Lucrative Visa for a family of four would indeed be around €49,600 annually, as initially thought by the questioner, not €2,600 per month per family member as incorrectly advised by BLS.
The primary applicant needs to show €28,800 annually, and each dependent must show €7,200.
Additional financial proofs such as credit limits and lines of credit can also provide further assurances to the authorities, although they are not strictly necessary if the primary income requirements are met.
Here is a table summarizing the financial requirements for a Spain Non Lucrative Visa application for different family configurations in 2024, from one applicant to one main applicant with up to three dependents. This table includes the calculations for each configuration:
| Family Configuration | Total Annual Income Requirement | Calculation |
|---|---|---|
| One Applicant | €28,800 | €28,800 (4 x IPREM) |
| One Applicant + One Dependent | €36,000 | €28,800 + €7,200 (1 x IPREM) |
| One Applicant + Two Dependents | €43,200 | €28,800 + (2 x €7,200) |
| One Applicant + Three Dependents | €50,400 | €28,800 + (3 x €7,200) |
In this table, the IPREM 2024 (Indicador Público de Renta de Efectos Múltiples) is set at €7,200 per year, and the primary applicant’s requirement is calculated as 4 times the IPREM, while each additional dependent adds another IPREM to the total required income.
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