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Finances for residency

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Posted: Tue Apr 2, 2019 11:27pm
4 replies60 views3 members subscribed
Shaun53

Posts: 4

Location: Málaga

Hi, i'm researching moving to Malaga, do you need a certain amount of funds in your bank account to get residency?

Jolove

Sun Apr 7, 2019 9:10am

Posts: 1

Location: Cómpeta

Posted: Sun Apr 7, 2019 9:10am

No Shaun I don’t believe so, you can make a living from chefing, cleaning and also property. good luck 👩‍👩‍👧‍👦

Shaun53

Shaun53

Original Poster

Sun Apr 7, 2019 4:45pm

Posts: 4

Location: Málaga

Posted: Sun Apr 7, 2019 4:45pm

Thank you. X

PhilipGC11

Mon Apr 8, 2019 4:57pm

Posts: 6

Location: Estepona

1 helpful posts

Posted: Mon Apr 8, 2019 4:57pm

Hi Shaun

Except that . . . . there is a baby elephant in the room and . . . . if we do Brexit . . . . then freedom of movement of persons will end and you will have to demonstrate: 

  1. No criminal record;
  2. That you have not been ejected from Spain or from a country which Spain has an agreement with;
  3. You have private health insurance; and
  4. You have a net monthly income of at least €799 for a family of two, and a further €266 per month for each additional family member.

I believe that these requirements will not apply if you have been living in Spain for 5 years. 

Of course, Brexit may never happen but my crystal ball is no better than anybody else's, so we shall just have to wait and see. 

Kind regards 

Philip

Shaun53

Shaun53

Original Poster

Mon Apr 8, 2019 5:20pm

Posts: 4

Location: Málaga

Posted: Mon Apr 8, 2019 5:20pm

Thank you for that information Philip, it has enlightened me. Bloody brexit, more trouble than its worth lol

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