A friend is hoping to retire in Spain one day and I think she will love all the details you have provided.Thanks Susan. I still have many years of work ahead of me (unless I win the lottery), but it’s great to know that Europe is fairly accessible for residency without having to invest millions in real estate. It is crazy. I guess we’ll have to go through a similar process once Brexit is done and dusted. My only concern would be giving up my Australian citizenship. Your Spain immigration records cannot have any irregularities (overstays, deportations, etc. For temporary residency in Spain, you’ll want to get yourself a long-stay visa, or visado nacional.
I have a similar detailed post on Portugal’s retirement visa coming soon.Some great hints and tips here.
The cost of living for what you get (outside of Madrid and Barcelona) is fantastic as well.Great tips!
High-speed train and bus routes crisscross Spain to allow for easy exploring and intra-country travel. Investing $250,000 to $500,000 OR simply show a passive income of $2800 per month? If you meet the minimum income of €25,560 annually, you have a path to legally stay in Europe long-term. The process may take between 2 to 3 months from the day all documents are presented. I’m living and working in China. This is another topic that is up to the discretion of the Visa Administrator. No matter which side of Brexit they fell on, having the freedom of movement is a benefit they prefer not to lose.Thanks for the handy tips Marco. In Madrid, Spain’s capital and most expensive city, a single-person’s monthly cost (without rent) is $773 USD.
Certified Translation of the Official Marriage CertificateCertified Translation of the Official Birth CertificateShowing enough assets to meet the €25,560 minimum income can be a hasslePrivate Spanish Health Insurance Required.
I've known some people who had to show 6 months of bank statements, while I was asked to only show my most recent.
Make sure to subscribe, I have similar articles coming up on Portugal, Greece, and Italy.
The warmer weather and amazing food will be such a nice thing to enjoy. You also have to be aware of a wealth tax on worldwide assets (though there are several exclusions = 700,000 Euros + 300,000 of primary residence). I am interested in interviewing more personal finance bloggers and expats living abroad. Documents, Documents, Documents. card, Voter’s Registration Card, current Student I.D. This short-term visa works if you want to travel through the cities and get an idea of where you’d like to live long-term. However, the ones that speak English, speak well. From Madrid, you can swim on the southern coast in four hours or enjoy tapas in Barcelona in three hours. For long term residence, “retirement” visas are the better bet, IMHO. I have read about people who successfully argued that all their income came from outside of Spain, that none of their clients were Spanish, and that they had to plans to attract new clients in Spain.
Being from the UK a warm climate is always a good sell!Thanks Sarah. Pension and social security income is taxed. I keep watching Mediterranean realty shows with my parents and always wish to settle there if given an opportunity.
I still find it completely loopy that my fellow Brits voted to make it harder for people to move to Spain (and th rest of Europe) after they retire. These background checks require police fingerprinting, which can be done a most police stations. As a single expat sometimes its lonely so this keeps me fighting and motivated.Glad you found it useful.
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