Salary requirements Post Brexit

Good Evening

Website link below should help you with further information

https://valencia-property.com/new/2020/12/15/getting-residency-in-spain-for-brits-in-2021-post-brexit/

Good Luck

Nigel

Nigel, many thanks. Doesn't look like we'll meet the salary requirement of 27k after all as we wouldn't receive that Net in Spain after UK tax deduction at source. I'll give them a ring to check. I guess things could change in 4 years time when we plan to move.

Mark

Hi Guys

Re: Non-lucrative visa

I thought the 27k minimum requirement was a one-off and not an annual requirement.

For example: sell your house in the UK, soon as the equity from the sale of the house is in your bank/building society account, if it's 27k or over: bingo! you meet the requirements.

Or...if you've been able to stash away 27k in savings.

Correct me if I'm on the wrong track.

Cheers

Note you must prove that you have 400% of the IPREM "annually" in your bank account.

Requirements for a Non-Lucrative Visa

The following requirements must be met in order to be eligible for the visa:

• Demonstrating you have sufficient fundsIn the case of the non-lucrative visa, you must prove that you have 400% of the IPREM annually in your bank account.  The Public Indicator of Multiple Effects Income which is the benchmark in Spain for the allocation of aid and subsidies.  In 2021 this means that the main applicant for this visa must demonstrate he or she has at least 27.115.20€. This is, however, the minimum and a higher amount may be required.  For each dependent travelling with you will require that you have an additional amount equal to the IPREM (6.778.80€ annually).You will be required to provide a bank certificate or bank statements from the last six months.  The funds may be in multiple accounts.