This residency is based on a person investing in property for a minimum amount of €500,000 without encumbrance/mortgage. It allows the resident to be in Spain for a minimum of just one day should they wish, but also allows the applicant and family of the successful application to work and study in Spain. It is based on a demonstration that you have sufficient means to live in Spain, medical cover and property investment as per the requirements, which need to be shown on each renewal.
A successful application will provide a residency for one-year if applied for at the Spanish Consulate in the country of residence, or two years if applied for in Spain. The first renewal will then be for two years, culminating in 5-year renewals thereafter.
NON-PROFIT or NON-LUCRATIVE RESIDENCY IN SPAIN
This residency is based on a person being in Spain for a minimum of 183 days. It does not allow the applicant to work or study in Spain and is based on a demonstration that you have sufficient means to live in Spain, which need to be shown on each renewal.
A successful application will provide a one-year residency, the next renewal would be for two years, and then a further two years, culminating in 5-year renewals thereafter.
On reaching this point of longer-term residency, you are then able to work and study in Spain, should you wish.
The process of obtaining Spanish Nationality involves arduous and long work with the Governing body, although once you have obtained Spanish citizenship you will be able to reside and work not only in Spain, but in any country of the European Union. Therefore, it is very important to have the best legal advice for its processing, given that there are different ways to obtain it (by origin, by option, by residence, roots, etc.).
Our firm has lawyers specialised in this type of procedure who will carry out a detailed study of your case and will confirm which is the best way to obtain Nationality, according to your family and personal circumstances, ensuring an optimal result in the outcome of your case.
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