Key Benefits of the Non-Lucrative Residency in Spain
In this post, we explain the main benefits of the Non-Lucrative Residency in Spain. Are you familiar with them?
Non-Lucrative Residency in Spain is one of the most appealing options for those who wish to enjoy Spain’s high quality of life without the obligation to work in the country. This visa offers multiple benefits that can enhance your experience in Spain and provide more freedom in your daily life. Here are some of the main benefits:
Bring your family and enjoy Spain together
One of the most notable benefits of non-lucrative residency is that you can include your family in the application. This allows you to move to Spain with your spouse and minor children, as long as you can prove that you have the financial resources to support everyone. This way, the whole family can enjoy life in Spain.
Live long-term in Spain and access citizenship
After living in Spain for five years on the non-lucrative residency, you can apply for long-term residency, which will allow you to live and work in the country indefinitely. Additionally, after 10 years of residency, you can apply for Spanish citizenship, opening new opportunities across Europe.
Invest in Spain without losing your resident status
Although you cannot work in Spain with a non-lucrative residency, you have the freedom to make investments in the country. If you have a business or investment outside of Spain, you can manage it without affecting your residency status, giving you great flexibility.
Study in Spain and travel across Europe
The non-lucrative residency visa allows you to study and participate in internships in Spain, as long as they do not involve paid activities. If you’re interested in continuing your studies or gaining experience in Spanish companies, this option gives you the freedom to do so.
Additionally, you can travel freely across all countries in the Schengen Area for the duration of your residency. This gives you the opportunity to explore Europe and take advantage of its rich cultural and business offerings.
No need for a large investment to obtain It
Unlike other visas like the Golden Visa, the non-lucrative residency does not require you to make a significant investment in property or Spain’s economy. You just need to demonstrate that you have the necessary financial means to reside in the country without needing to work.
Tax implications of Non-Lucrative residency
A person is considered fiscally resident in Spain if, among other factors, they spend more than 183 days a year in the country. In principle, if someone obtains non-lucrative residency and meets this requirement, they must fulfill their tax obligations in Spain. However, other countries may have internal regulations that could conflict. For example, if you own a home and family in another country and continue to generate income there, that country might also consider you a tax resident.
To avoid paying full taxes on the same income in two countries, the Double Taxation Agreements must be consulted, international agreements that Spain has signed with numerous countries to determine where a non-lucrative resident should pay taxes.
✅ Do you have questions about how to obtain Non-Lucrative residency?
At Adlanter, our team of international mobility experts is ready to help you understand the process and make the most of the benefits of this visa. If you need advice on the requirements, application process, or any other related aspect, feel free to contact us. We are here to guide you on your journey toward residency in Spain.