The financial means necessary to obtain one year of residence with a non-profit visa are related to the IPREM (Indicador Público de Renta de Efectos Múltiples).
On numerous occasions I read comments in which it is said that the amount depends on the autonomous community or the official on duty. It is not true as we will see next.
The non lucrative Visa, grants to the nationals of third countries the possibility of living in Spain during one year, without carrying out any professional activity.
The visa must be requested in the country of origin with a maximum of 90 days before the date of entry in Spain.
The most significant requirements for this type of visa are:
– Obtain a criminal record certificate for the last five years.
– To subscribe a private health insurance with a Spanish insurance company.
– Obtain a medical certificate from a public or private center in the country of origin.
– To demonstrate the necessary economic means to cover the expenses of stay, and in its case, that of its relatives.
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MORE INFORMATIONThe economic means will be accredited by means of the presentation of the original and sealed documentation that allows to verify the perception of periodic and sufficient income or the possession of a patrimony that guarantees this perception of income.
What is the minimum amount to obtain a Non-Profit Residence Visa?
In the year 2021:
For the applicant’s monthly support, 400% of the IPREM, which in 2021 amounts to € 564.90, that is: € 2,259.6 per month or its legal equivalent in foreign currency. Therefore, the minimum annual amount required to apply for a VNL is € 27,115.20.
For the support of each of their dependents, monthly 100% of the IPREM, which in 2021 amounts to € 564.90 or its legal equivalent in foreign currency. Therefore, the minimum annual additional amount required for each family member included in the VNL is € 6,778.80.
Here are some examples for the initial year of application:
A married couple or civil union will need to have an amount on account of €33,894.
A married couple or civil union with one child will need to have an amount on account of 40.672,80 €.
A married couple or civil union with two children will need to have an amount on account of 47,451.60 €.