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Finances for residency

Posted: Tue Apr 2, 2019 11:27pm
4 replies103 views3 members subscribed
Shaun53

Posts: 7

Location: Málaga

Joined: 29 Mar 2019

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

Jolove

Posted: Sun Apr 7, 2019 9:10am

Posts: 2

Location: Cómpeta

Joined: 11 Mar 2019

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

Posted: Sun Apr 7, 2019 4:45pm

Shaun53

Original Poster

Posts: 7

Location: Málaga

Joined: 29 Mar 2019

Posted: Sun Apr 7, 2019 4:45pm

Thank you. X

PhilipGC11

Posted: Mon Apr 8, 2019 4:57pm

Posts: 74

28 helpful points

Location: Estepona

Joined: 19 Oct 2018

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

Posted: Mon Apr 8, 2019 5:20pm

Shaun53

Original Poster

Posts: 7

Location: Málaga

Joined: 29 Mar 2019

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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